HomeMy WebLinkAbout03-10-15 Tpennsylvania 1505614105
pFPARTMFM I... EX(03-14)(R)
REV-1500 OFFICIAL USE ONLY
County Code Year File Number
Bureau of Individual Taxes
PO BOX 280601 INHERITANCE TAX RETURN
Harrisburg, PA 17128-0601 RESIDENT DECEDENT
ENTER DECEDENT INFORMATION BELOW
Social Security Number Date of Death MMDDYYYY Date of Birth MMDDYM
-7 106142014 108071948
........... ------ ........... ..........
Decedent's Last Name Suffix Decedent's First Name Mi
Hittie David
(if Applicable)Enter Surviving Spouse's Information Below
Spouse's Last Name Suffix Spouse's First Name MI
Hittie Robin M
....... ........
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
REGISTER OF WILLS
FILL IN APPROPRIATE OVALS BELOW
CID 1.Original Return C=:) 2.Supplemental Return C=:) 3. Remainder Return(date of death
prior to 12-13-82)
C=) 4.Agriculture Exemption(date of C=:) 5. Future Interest Compromise(date of C=:) 6. Federal Estate Tax Return Required
death on or after 7-1-2012) death after 12-12-82)
7. Decedent Died Testate C=:) 8. Decedent Maintained a Living Trust 9. Total Number of Safe Deposit Boxes
(Attach copy of will.) (Attach copy of trust.)
C=) 10. Litigation Proceeds Received C=) 11. Non-Probate Transferee Return C=) 12. Deferral/Election of Spousal Trusts
(Schedule F and G Assets Only)
C=:) 13. Business Assets CM 14.Spouse is Sole Beneficiary
(No trust involved)
CORRESPONDENT— THIS SECTION MUST BE COMPLETED.ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO:
Name Daytime Telephone Number
i Christopher M. Vedder 843-9815
............ ........ .........
First Line of Address
32 North Duke Street
Second Line of Address
........... ......
P.O. Box 149
City or Post Office State ZIP Code
York 117405
—------------------
Correspondent's email address: cmvedder@morris-vedder.com r"> - j7j
:73
REGISTER OF WILLS USE ONLY
ai REGISTER OF WILLS USE ONLY CD
DATE FILED
MMRPYYYY
73
DATE FILED STAMP C"
PLEASE USE ORIGINAL FORM ONLY
Side I
11111 1111�pit[111111111 111pill 1111111111111
1 1410 1505614105
1505614205
REV-1500 EX(FI)
Decedent's Social Security Number
Decedent's Name: David L. Hittie
RECAPITULATION
1. Real Estate(Schedule A). .......... ..... ............................. 1. 0.00
t .
- '2. Stocks and Bonds(Schedule B) ...................... ............ ...... 2. - 0.00
3.' Closely Held Corporation,Partnership or Sole-Proprietorship(Schedule C) ..... 3. 11,623.01
t
4. Mortgages and Notes Receivable Schedule D 4. 0.00
5. Cash, Bank Deposits and Miscellaneous Personal Property(Schedule E). ...... 5. 3,048.29
.6. Jointly Owned Property(Schedule F) O Separate Billing Requested . ...... 6. 192,069.46
7. Inter-Vivos Transfers&Miscellaneous Non-Probate Property
(Schedule G) O Separate Billing Requested........ 7. 309,507.28
8. Total Gr6s9 Assets (total Lines 1 through 7). . ........................... .8. 516,248.04
91. Funeral Expenses and Administrative Costs(Schedule H)........ .. .. ....... 9. 10,868.13
10. Debts of Decedent, Mortgage Liabilities and Liens(Schedule 1)......... ...... 10. 79,823.72
11. Total Deductions(total Lines 9 and 10)..... ........... .................. 11. 90,691.85
12. Net Value of Estate(Line 8 minus Line 11) ........ ...................... 12. 425,556.19
13. Charitable and Govemmental.Bequests/Sec.9113 Trusts for which
an election to tax'has not been made(Schedule J) ................... .. 13: 0.00
14. Net Value.Subject to Tax(Line 12,minus Line 13) .... ........ ............ 14. 425,556.19
TAX CALCULATION-SEEINSTRUCTIONS FOR APPLICABLE RATES
15. Amount of Line;14 taxable
at the spousal tax rate,or
transfers under Sec.9116' 42555619
(a)(1.2)X:0 0 425,556.19 15. 0.00
16. Amount of Line 14 taxable
at lineal rate X.0_ 16.
17. Amount of Line 14 taxable
at sibling rate X.12 17.
18. Amount of Line 14 taxable
at collateral,,rate X.15 r18, ,
19. TAX DUE ...... .. ..................... ........ . ................... 19. 0.00
20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT O
Under penalties of perjury,I de blare l have examined this return,including accompanying schedules and statements,and to the best of.my knowledge and belief_
it is true,correct and complete. Declaration of preparer other.than the person responsible.for filing the return.is based,on all information of which preparer has.
any.know
SI O PEM� P.O� IB�RGETURN 1 AT
AD KESS
125.Channel Drive, Carlisle, PA 10713
SIGNATURE OF PREP OTHERTH N PERSON RESPONSIBLE FOR FILING THE RETURN DATE
ADDRESS .
32 North Duke Street,.P.O. Box_149,York, PA, 17405
Side 2 J
1 4 1505614205
REV-15o4 EX+(9-12)
SCHEDULE C
' pennsylvania CLOSELY-HELD CORPORATION
DEPARTMENT OF REVENUE i
INHERITANCE TAX RETURN PARTNERSHIP OR
RESIDENT DECEDENT SOLE-PROPRIETORSHIP
ESTATE OF FILE NUMBER
David L. Hittie 21-14-0967
Schedule C-1 or C-2(including all supporting information)must be attached for each closely-held corporation/partnership interest of the decedent,
other than a sole-proprietorship.See instructions for the supporting information to be submitted for sole-proprietorships.
ITEM NUMBER VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
16.67%interest in Hittie Partnership 11,623.01
TOTAL(Also enter on line 3, Recapitulation) $ 11,623.01
(If more space is needed,insert additional sheets of the same size)
REV-1506 EX+(12-11)
Pennsylvania SCHEDULE C-2
DEPARTMENT OF REVENUE PARTNERSHIP
INHERITANCE TAX RETURN INFORMATION REPORT
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
David L.Hittie 21-14-0967
1. Name of Partnership Hittie Partnership Date Business Commenced 11/23/81
Address 125 Channel Drive Business Reporting Year
City Carlisle State–PL—ZIP Code 17013
2. Federal Employer ID Number 23-2154287
3. Type of Business own and lease farm property Product/Service real estate
4. Decedent was a ®General ❑Limited partner. If decedent was a limited partner, provide initial investment$
5 PARTNER NAME PERCENT PERCENT BALANCE OF
OF INCOME OF OWNERSHIP CAPITAL ACCOUNT
A. SEE ATTACHED
B.
C.
D.
6. Value of the decedent's interest$ 11,623.01
7. Was the partnership indebted to the decedent? ... ....... ........ ....... ...... ... . ❑Yes la No
If yes, provide amount of indebtedness$
8. Was there life insurance payable to the partnership upon the death of the decedent? ...... ❑Yes ® No
If yes,Cash Surrender Value$ Net proceeds payable$
Owner of the policy
9. Did the decedent sell or transfer an interest in this partnership within one year prior to death or within two years if the date of death was
prior to 12-31-82?
❑Yes ® No If yes, ❑Transfer ❑Sale Percentage transferred/sold
Transferee or Purchaser Consideration$ Date
Attach a separate sheet for additional transfers and/or sales.
10.Was there a written partnership agreement in effect at the time of the decedent's death? ...... ®Yes ❑ No
If yes,provide a copy of the agreement.
11. Was the decedent's partnership interest sold? ......................................... ❑Yes ® No
If yes,provide a copy of the agreement of sale,etc.
12.Was the partnership dissolved or liquidated after the decedent's death? .................... ❑Yes ® No
If yes,provide a breakdown of distributions received by the estate,including dates and amounts received.
13.Was the decedent related to any of the partners? ...................................... ®Yes ❑ No
If yes,explain all of the partners are children or grandchildren of Robert and Inalee Hittie
14.Did the partnership have an interest in other corporations or partnerships?............... ❑Yes ® No
If yes,report the necessary information on a separate sheet, including a Schedule C-1 or C-2 for each interest.
THE FOLLOWING INFORMATION • WITH THIS SCHEDULE
A. Detailed calculations used in the valuation of the decedent's partnership interest.
B. Complete copies of financial statements or federal partnership income tax returns(Form 1065)for the year of death and four preceding years.
C. If the partnership owned real estate,submit a list showing the complete address/es and estimated fair market value/s.If real estate appraisals have
been secured,attach copies.
D. Any other information relating to the valuation of the decedent's partnership interest.
REV-]505 EX+(12-11) SUPPLEMENT TO
SCHEDULE C-2
COMMONWEALTH OF PENNSYLVANIA PARTNERSHIP
INHERITANCE TAX RETURN INFORMATION REPORT
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
David L. Hittie 21-14-0967
Hittie Partnership
5.
PARTNER NAME PERCENT OF PERCENT OF BALANCE OF
INCOME OWNERSHIP CAPITAL
ACCOUNT
Helen A. 16.67% 16.67% 0.00
Laughman
Glad surae H. Keeney 16.67% 16.67% 0.00
David L. Hittie 16.67% 16.67% 0.00
Gregory A. Nace 5.56% 5.56% 0.00
Kevin E.Nace 5.56% 5.56% 0.00
Dennis L. Nace 5.56% 5.56% 0.00
Robert L. Hittie 4.17% 4.17% 0.00
David J. Hittie 4.17% 4.17% 0.00
Vincent E. Hittie 4.17% 4.17% 0.00
Christina M. Hittie 4.17% 4.17% 0.00
Sandra E. Slocum 8.34% 8.34% 0.00
Diane E. Je'linek 8.34% 8.34% 0.00
10. Attached is a copy of the Partnership Agreement and Amendments
A. Detailed calculations used in the valuation of the decedent's partnership interest.
The only asset of the Partnership is real property containing 149.74 acres located in
BrothersValley Township, Somerset County, Pennsylvania which is leased for farming purposes
and used as a family retreat.
The value of the partnership interest is based entirely on the value of the real property.
The value of the real property was determined using the current assessed value of the Farm
Property ($27,130.00) times the Somerset County Common Level Ratio (2.57) and then
multiplying the value of the real property by the decedent's partnership interest percentage.
Step 1. $27,130.00 x 2.57 = $69,724.10
Step 2. $69,724.10 x 16.67% $41,623.01
C. A copy of the Somerset County Assessment information for the property located on
Sandstone Road in BrothersValley Township, Somerset County, Pennsylvania, is attached.
PARTNERSHIP AGREEMENT
.THIS AGREEMENT, made this 231 day of
1981, by .and among JEAN P. HITTIE, of R. D. #2, Box 3, New Freedom,
Pennsylvania, ANNABELLE H. NACE, of New Freedom, Pennsylvania, LESTER
W. HITTIE, of 42 West Main Street, Windsor, Pennsylvania, GERALDINE
R. TIPTON, of 1307 Clearview Avenue, Palma, Ohio, HELEN A. LAUGHMAN,
of 175 First Avenue, Red Lion, Pennsylvania, GLADYSMAE H. KEENEY, of
299 Silver Spur Drive, .York, Pennsylvania, MELVA G. COLLIER, of 496
Capital Drive, R. D. #7, York, Pennsylvania, and DAVID L. HITTIE, of
121 Channel.. Drive, Carlisle, Pennsylvania.
WHEREAS, the parties hereto have purchased a tract of land
situate in Brothersvalley Township, Somerset County, Pennsylvania,
as is more particularly described in Exhibit "A", attached hereto
. and made a part hereof by reference thereto; and
WHEREAS, it is the desire of the -parties hereto to become
partners and to provide for the orderly management and conduct of the
business affairs of the partnership.
NOW, THEREFORE, in consideration of the mutual promises
herein contained, intending to be legally bound hereby, the parties
hereto agree as follows:
1. The name of the partnership shall be "HITTIE PARTNERSHIP".
2. The principal place of business of the partnership
shall be 121 Q�a4,ej
and at such other locations as may be Agreed to by the partners from
time to time.
3. The partnership shall engage in the business of ..
managing/developing the aforesaid parcel of real -estate.
4. The capital of the partnership shall consist of
$22,500--.00, contributed by the parties equally.
5. An individual capital account shall be maintained for
each partner.
6. Except as herein provided, or by unanimous agreement
of the partners, the capital contributions of the partners shall
not be subject to withdrawal.
7. The net profits or net losses of the partnership
shall be distributable or chargeable, as the case may be, to each
of the partners in equal proportions.
8. An individual Income Account shall be maintained for
each partner. Profits and losses shall.be credited or debited to
the individual Income Accounts as soon as practicable after the
close of each fiscal year.
9. If there be no balance in the individual Income
Accounts, net losses shall be debited to the individual Capital
Accounts. If the Capital Account of a partner shall have been depleted
by the debiting of losses under this paragraph, future profits of that
partner shall not be credited to his Income Account until the depletion
shall have been made good, :but shall beicredited to his Capital Account.
After such depletion in his Capital Account shall.have been made
good, his share of the profit thereafter shall be credited to his
Income Account.
10. Each of the partners shall have an equal voice in the
management and conduct of the partnership business. All decisions
shall be by a majority vote, and each partner shall be entitled to
one vote. One partner shall be appointed managing partner by majority
vote. The dutiesof the managing partner shall be to
VA-AlngC a KA 'A As �"'ucs✓rtr
11. In the event that a partner .desires to sell his share
in the partnership, he may do so upon ninety (90) days' prior notice
to the other partners; provided, however, the retiring partner's
interest in the partnership may only be disposed of by sale. to the
partners who agree hereby to purchase same. The purchase price for
the interest of the retiring partner shall be the fair market price
as agreed to by the majority of the continuing partners.
12. In the event of the death of a partner during the term
of the partnership, the deceased partner's share shall be purchased
equally by the surviving partners. The purchase price for the share
of the deceased partner shall be equal to the original capital
-2-
contribution less capital withdrawals by the deceased partner.
Said payment shall occur no sooner than ninety (90) days nor later
than ISO days after the.death of,the partner.
The royalty payments due a deceased partner under any
lease then in effect shall be paid to the deceased partner's heirs
in such proportion as may have been designated in the deceased
partner's will and so long as such lease shall continue in effect.
In the
absence//of such designation, the royalties shall be
13. Within one year of the depletion of the mineral
resources or the expiration of any leases for the development of the
mineral resources of the property, the property shall be disposed of
by the partnership. The property may be purchased by any partner
or group of partners subject to the following terms and conditions:
a. The purchase price shall be more than 80% of the then
current appraised value of the property with the highest bidder
being determined by private auction;
b. The purchase price may be paid in installments,amortizing
same over a period of not less than six nor more than ten years,
together with interest at the rate of 10% on the unpaid principal
balance.
C. The purchasing partner or partners agree that in the
event the property is sold or subdivided within five years of such
purchase, the net profit after taxes received therefrom shall be
divided equally by the partner or partners who purchased said property
and the partner or partners who sold said property.
14. Within one year of the-depletion of the mineral
resources. or the expiration of any leases for development thereof
and in the event that none of the partners desire to purchase the
property, the property shall be exposed to sale for a period of one
year at a price agreed upon by a majority of the then partners.
if at the end of the period of one year the land has not been sold,
any partner may purchase same for said price and use the property
in any manner whatsoever without restriction or limitation, And
in the event that no partner shall purchase same, it shall immediately
be sold by public auction to the highest and best bidder.
-3-
15. No partner may without the consent of the other
partners:
a. Borrow money in the firm name for firm purposes or
utilize collateral owned by the partnership as security for such
loans:
b. Assign, transfer, pledge, compromise or release any
of the claims of or debts due the partnership except upon payment
in full, or arbitrate or consent to the arbitration of any of the
disputes or controversies of the partnership;
c. Make, execute or deliver any assignment for the
benefit of creditors of any bond, confession of judgment, chattel
mortgage, deed, guarantee, indemnity bond, surety bond, or contract
to sell or contract of sale of all or substantially all of the
property of the partnership;
d. Lease or mortgage any partnership real estate or any
interest therein or enter into any contract for any such purpose;
e. Pledge or hypothecate or in any manner transfer his
interest in the partnership, except to the other parties to this
agreement.
f. Become a surety, guarantor, or accommodation party to
any obligation.
16. The partnership shall maintain a bank account or
bank accounts in such bank or banks as may be agreed upon by the
partners. .
17. Checks shall.be drawn on the partnership bank accounts
for partnership purposes only and may be signed by the managing
partner.
X8. Proper and complete books of account shall be kept
at all times and shall be open to inspection by any of the partners
or by his accredited representative at any reasonable time. The
books of account shall be examined and reviewed as of the close of
each fiscal year by an independent certified public accountant
agreeable to the partners, who shall make a report thereon.
e
19. The parties hereto covenant and agree that they will
execute any further instruments and that they will perform any acts
which are or may become necessary to effectuate and to carry on the
partnership created by this agreement.
20. All partners.agree and covenant that by virtue of
this Agreement they are hereby waiving irrevocably any and all rights
to sue each other for or on account of any matter which may arise
as a result of this partnership and/or the proprety while owned by
the partners.
IN WITNESS WHEREOF, the parties hereto have hereunto set
their hands and seals the day and year first above written.
WITNESS:
(SEAL)
L
Jeo P. Hittie
���-•-/fit ,r t���(. .� �• // ¢� (SEAL)
Ana elle H. Nace .�
(SEAL)
f/ wester W. Hittie
(SEAL) .
Geraldine R. Tiptoh
l.1JC�C1Lr/ �'� O zz�tt�_moo, (SEAL)
Hel n A. Laughman
/ (SEAL)
Gladysptae H. /Keeney
X64- (SEAL)
I e va G./� oiliee�r�
(SEAL)
David L. Hittie
� �'✓�ee,�+n4 Ctc:t �L� I��rrC.� V%/ Xh�, C.)./'lA/f`YHGtK V'." !7� /2t �2.t'/�j•.`,1
heLlbyd e_ "NA;c.rt� a �
rpL (Cl // ( ✓
bf, L
?I� h1C=G Y"iat�• / !/ 0
-5-
ittiel7/16/86; D29
AMENDMENT TO PARTNERSHIP AGREEMENT
THIS AGREEMENT made and entered into this
. day of 1986 , by and between JEAN P. HITTIE, of R.
D . #2, Box 3, New Freedom, Pennsylvania; ANNABELLE H. NAGE, of New
Freedom, Pennsylvania; LESTER W. HITTIE, of 42 West Main Street,
Windsor , Pennsylvania; GERALDINE R. TIPTON, of 1307 Clearview Avenue,
Palma, Ohio, HELEN A. LAUGHMAN; of 175 First Avenue , Red Lion,
Pennsylvania; GLADYSMAE H. KEENEY, of 299 Silver Spur Drive , York,
Pennsylvania; MELVA G. COLLIER, of 496 Capital Drive , R. D . #7 , York,
Pennsylvania; and DAVID L. HITTIE, of 121 Channel Drive, Carlisle,
Pennsylvania.
WHEREAS, the above individuals entered into a partnership
known as the "Hittie Partnership" , by Agreement dated ,
1981 ; and
WHEREAS, Melva G. Collier desires to withdraw from said
partnership; and
WHEREAS, the remaining partners desire to purchase the
interest of Melva G. Collier in the Hittie Partnership.
NOW, THEREFORE, intending to be legally bound hereby, the
parties hereto mutually agree as follows:
1 . Melva G. Collier agrees to sell, transfer and convey
all of her right, title and interest in the Hittie Partnership to the
remaining partners , including specifically her interest in the
property situate in Brothers Valley Township, Somerset County,
Pennsylvania.
- 1 -
FLOWER, KRAMER, MORGENTHAL & FLOWER - ATTORNEYS AT LAW
THREE IRVINE ROW,CARLISLE,PENNSYLVANIA 17013
Hittieli 7/16/86; D29
2. The remaining partners hereby agree to pay the sum of
Seven Thousand ($7,000.00) Dollars for the interest of Melva G.
Collier in the Hittie Partnership.
3. Melva G. Collier and the remaining partners agree to
divide all transfer taxes equally.
4. Melva G. Collier agrees to execute such tax returns,
documents, deeds and other assurances as may be necessary to
accomplish the aforesaid transfer and as may be reasonably requested
from time to time by the remaining partners .
5• In all other respects, the partnership agreement dated
1981 , is hereby ratified and confirmed.
IN WITNESS WHEREOF, we have hereunto set our hands and
seals the day and year first above written.
WITNESS:
(SEAL)
Jean P. Hittie
(SEAL)
Annabelle H. Nace
(SEAL)
Lester W. Hittie
(SEAL)
Geraldine R. Tipton
(SEAL)
Helen A. Laughman
(SEAL)
Gladysmae H. Keeney
(SEAL)
Melva G. Collier
(SEAL)
David L. Hittie
2 -
Hittl 7/16/86; D29
COMMONWEALTH OF PENNSYLVANIA )
ss .
COUNTY OF )
On this, the day of ,
1986, before me, the undersigned officer , personally- appeared JEAN P.
HITTIE, known to me (or satisfactorily proven) to be the person whose
name is subscribed to the'within instrument and acknowledged that she
executed the same for the purposes therein contained .
IN WITNESS WHEREOF, I have hereunto set my hand and official
seal.
(SEAL)
COMMONWEALTH OF PENNSYLVANIA )
ss .
COUNTY OF )
On this, the day of ,
1986, before me, the undersigned officer , personally appeared
ANNABELLE H. NACE, . known to me (or satisfactorily proven) to be the
person whose name is subscribed to the within instrument and
acknowledged that she executed the same for the purposes therein
contained.
IN WITNESS WHEREOF, I have hereunto set my hand and official
seal.
(SEAL)
- 3 -
:ttie 7/16/86; D29
COMMONWEALTH OF PENNSYLVANIA )
ss.
COUNTY OF )
On this , the day of ,
1986, before me, the undersigned officer , personally appeared LESTER
W. HITTIE, known to me (or satisfactorily proven) to be the person
whose name is subscribed to the within instrument and acknowledged
that he executed the same for the purposes therein contained.
IN WITNESS WHEREOF, I have hereunto set my hand and official
seal.
(SEAL)
STATE OF OHIO )
ss.
COUNTY OF )
On this , the day of ,
1986, before me, the undersigned officer , personally appeared
GERALDINE R. TIPTON, known to me (or satisfactorily proven) to be the
person whose name is subscribed to the within instrument and
acknowledged that she executed the same for the purposes therein
contained.
IN WITNESS WHEREOF, I have hereunto set my hand and official
seal.
(SEAL)
- 4 -
ittie� 7/16/86; D29
COMMONWEALTH OF PENNSYLVANIA )
SS.
COUNTY OF )
On this, the day of ,
1986, before me, the undersigned officer, personally- appeared HELEN A.
LAUGHMAN, known to me (or satisfactorily proven) to be the person
whose name is subscribed to the within instrument and acknowledged
that she executed the same for the purposes therein contained.
IN WITNESS WHEREOF, I have hereunto set -my hand and official
seal.
(SEAL)
COMMONWEALTH OF PENNSYLVANIA )
SS.
COUNTY OF )
On this, the day of ,
1986, before me, the undersigned officer , personally appeared
GLADYSMAE H. KEENEY, known to me ( or satisfactorily proven) to be the
person whose name are subscribed to the within instrument and
acknowledged that she executed the same for the purposes therein
contained.
IN WITNESS WHEREOF, I have hereunto set my hand and official
seal.
(SEAL)
- 5 -
,ittie 7/16/86; D29
COMMONWEALTH OF PENNSYLVANIA )
ss.
COUNTY OF )
On this , the day of ,
1986, before me, the undersigned officer, personally - appeared MELVA G.
COLLIER, known to me ( or satisfactorily proven) to be the person whose
name is subscribed to the within instrument and acknowledged that she
executed the same for the purposes therein contained.
IN WITNESS WHEREOF, I have hereunto set my hand and official
seal.
(SEAL)
COMMONWEALTH OF PENNSYLVANIA )
ss.
COUNTY OF CUMBERLAND )
On this, the day of ,
1986, before me, the undersigned officer, personally appeared DAVID L.
HITTIE, known to me (or satisfactorily proven) to be the person whose
name is subscribed to the within instrument and acknowledged that he
executed the same for the purposes therein contained.
IN WITNESS WHEREOF, I have hereunto set my hand and official
seal.
(SEAL)
- 6 -
F\ME=ATAFU.LkGENDOC96=94-3.AGRWb'Adw
Crtatert 05tOM 09'_$106 AM
Revisect 11/27/96)02"- AM
SECOND AMENDMENT TO PARTNERSHIP AGRF
THIS SECOND AMENDMENT TO PARTNERSHIP AGREEMENT made and entered into
this ag day of 1996, by and between HELEN A. LAUGHMAN, GLADYSMAE H.
KEENEY, DAVID L. H=, GREGORY A NACE, KEVIN E. NACE, DENNIS L. NACE,
ROBERT L. H(TTIE, LESTER D. 1UTTIE, VINCENT E. H[TTIE, (!RISTINA M. H[TTIE,
SANDRA E. SLOCUM AND DIANE E. JELINEK, herein referred to as "Partners", witnesseth:
WHEREAS, the Hattie Partnership (herein referred to as"the Partnership")was formed by
Partnership Agreement dated November 23, 1981 (herein referred to as"the Agreement" and a copy
of which is attached hereto as Exhibit "X'), wherein the partners thereof were lean P. Hittie,
Annabelle R Nace, Lester W. Hittie, Geraldine R. Tipton, Helen A. Laughman, Gladysmae H.
Keeney,Melva G. Collier and David L. Hittie; and
WHEREAS, by Amendment to Partnership Agreement dated on or about August 2, 1986
(herein referred to as"the First Amendment" and a copy of which is attached hereto as Exhibit"B"),
the Agreement was amended and the aforesaid Melva G. Collier withdrew from the Partnership; and
WHEREAS, the aforesaid Annabelle H. Nace died on March 14, 1991, whereby her interest
in the Partnership was extinguished in accordance with the Agreement, as acknowledged by the
Release of her husband and sole heir, Richard L. Nace(a copy of which Release is attached hereto
as Exhibit"C"); and
WHEREAS, the aforesaid Jean P. Hittie has retired from the Partnership as of the date
hereof, whereby her interest in the Partnership is extinguished in accordance with the Agreement,
as acknowledged by the Release of Jean P. Hittie (a copy of which Release is attached hereto as
Exhibit"D"); and
WHEREAS, the aforesaid Lester W. Hittie has transferred his interest in the Partnership as
ofthe date hereof to his children, the aforesaid Robert L. Hittie, Lester D. Hittie, Vincent E. Hittie
and eristina M. Hittie, in equal shares, as acknowledged by the Assignment of Lester W. Hittie(a
copy of which Assignment is attached hereto as Exhibit"E"), and as consented to by the remaining
partners in the Partnership by their execution hereof, and
WHEREAS, the aforesaid Geraldine R. Tipton has transferred her interest in the Partnership
as of the date hereof to her children, the aforesaid Sandra E. Slocum and Diane E. Jelinek, in equal
shares, as acknowledged by the Assignment of Geraldine R. Tipton(a copy of which Assignment is
attached hereto as Exhibit"F'), and as consented to by the remaining Partners in the Partnership by
their execution hereof-, and
WHEREAS, the remaining partners, without consideration,desire to grant a one-sixth share
in the Partnership to be divided equally between Gregory A.Nace, Kevin E. Nace, Dennis L. Nace,
which grant is made and consented to by the remaining partners in the Partnership by their execution
hereof-, and
WHEREAS, the aforesaid Robert L. Hittie, Lester D. Hittie, Vincent E. Hittie, ds tina M.
Hittie, Gregory A. Nace, Kevin E. Nace, Dennis L. Nace, Sandra E. Slocum and Diane E. Jelinek
desire to become partners for the purposes more fully set forth below; and
WHEREAS, all the parties hereto desire to farther define and modify the terms of their
association and to commit their agreement to writing;
NOW, THEREFORE,in consideration of the mutual promises herein contained and intending
to be legally bound hereby, the parties hereto agree as follows:
PARNERSMP=RESTS
1. As of the execution hereof, the partners, and the interests of said partners in the
Partnership and all the assets and liabilities thereof, shall be as follows:
Helen A. Laughman- 16.67%
Gladysmae H. Keeney- 16.67%
David L. Hittie- 16.67%
Gregory A. Nace- 5.56%
Kevin E. Nace- 5.56%
Dennis L. Nace- 5.56%
Robert L. Hittie-4.17%
Lester D. Hittie-4.17%
Vincent E. Hittie- 4.17%
ds tina M. Hittie- 4,17%
Sandra E. Slocum- 8.34%
Diane E. Jelinek- 8.34%
DEATH OF A PARTNER
2. Upon the death of a partner, the deceased partner's interest in the Partnership shall
vest,per stirpes,in the lineal descendants of the deceased partner who are also lineal descendants of
Robert E. and Inalee G. Hittie. In the event that the deceased partner has no such lineal descendants,
the deceased partner's interest in the partnership shall vest in the remaining partners, in accordance
with the ratio of their then-existing interests in the partnership. The estate or heirs of such deceased
partner shall be entitled to no compensation from the Partnership in such event.
MANAGEMENT
3. The power negotiate and enter into agreements, and to execute any such instruments
of conveyance or other documents in accordance with such agreements, for the sale, transfer or
conveyance on behalf of the Partnership of the real estate of the Partnership shall be vested in one'of
the general partners from time to time designated in writing as the Managing Partner. This power
shall be in addition to other powers provided to the Managing Partner in the Agreement. To be
effective, such designation shall be by a majority in interest of the partners. Absent a majority in
interest having designated a Managing Partner, the existing provisions of the Agreement in respect
to such matters shall govem. By their execution hereof, the parties hereby designate David L. Hittie
as Managing Partner, to serve until a successor is duly designated. The aforesaid power of the
Managing Partner shall be exercised only if such Managing Partner shall determine, in his or her sole
discretion, that the said real estate is no longer being utilized by a reasonable percentage of the lineal
descendants of Robert E. and Inalee G. Hittie for recreation, that the said real estate has become a
source of contention among such descendants, or that the said real estate has become a financial
burden to the Partnership or its individual partners. Any offer of sale by such Managing Partner shall
include a thirty day right of first refusal in favor of the individual partners of the Partnership from the
date of receipt of any bona fide offer to purchase said real estate, and proper notice of same shall be
provided by the Managing Partner. Upon any such sale of the Partnership real estate, the Partnership
shall be dissolved and its assets remaining after proper dissolution and winding up, including the
satisfaction in fall of any liabilities, shall be distributed to the partners in accordance with their
interests in the Partnership.
4. The power to expend funds for repairs and improvements to the Partnership real estate
to such extent that the balance in the Partnership bank account is not reduced below$1,500.00 shall
be vested in one of the general partners from time to time designated in writing as the Caretaker
Partner. To be effective, such designation shall be by a majority in interest of the partners. Absent
a majority in interest having designated a Caretaker Partner, the existing provisions of the Agreement
in respect to such matters shall govern. By their execution hereof, the parties hereby designate Helen
A. Laughman as Caretaker Partner, to serve until a successor is duly designated. Any expenditures
for repairs or improvements in excess of the amount provided above shall be authorized only by
unanimous consent of the partners. Absent such consent,the partners interested in such repairs or
improvements may proceed with same at their own expense if authorized by the unanimous consent
of the partners, but such repairs or improvements shall become the property of the Partnership and
the cost of same shall not be credited to the accounts of the partners making such expenditures.
PURPOSES
5. It is the intent of the partners that the Partnership real estate be made available to all
lineal descendants of Robert E. and Inalee G. Hittie for general recreation and fellowship. The
partners intend that such use may be made free of charge for so long as there is no financial burden
to the partners arising from the existence of the Partnership and the utilization of said real estate,
however, the partners reserve the right to take such steps as they may deem to be reasonably
necessary to insure that such financial burden does not arise. The partners agree that in the event that
the Partnership real estate would generate revenues from coal extraction or generate other substantial
income, provision shall be made such that said income may be shared, on a per stirpes basis, by the
lineal descendants of Robert E. and Inalee G. Hittie, whether or not partners.
MISCELLANEOUS
6. Except as may be inconsistent herewith, the Agreement and the First Amendment are
hereby incorporated, ratified and affirmed.
7. This Agreement shall extend to and bind the heirs, executors, administrators and
assigns of the parties hereto.
IN WITNESS WHEREOF,the parties hereto have hereunto set their hands and seals the day
and year first above written, intending to be legally bound.
WITNESS:
C �-,
Helen A. Laughman
} G rraq/H. Keeney
r
David L. Hittie
Gregory A. Nace
Kevin E. Nace
Dennis L. Nace
RobertL. Hi
1A 6ster D. Hitne
/I Vincent E. Hittie
Etistins A Hittie
Ch
Sandra E. Slocum
Diane E. Jelinek
Somerset County PA Government Page 1 of 1
Property ID: 080004990
Municipality: 08 - BROTHERSVALLEY TOWNSHIP
Owner Name: HITTIE PARTNERSHIP
Owner 2:
Care of:
Mailing Address: 125 CHANNEL DR
CARLISLE PA 17013
Grantor:
Location
Property Location: SANDSTONE RD
Map Number: S08-004-006-00
School: 01 - BERLIN BROTHERSVALLEY
Description
Landuse: AAB
Description 1: 149.740 A
Description 2: 975/831
Description 3:
Description 4: 2 HO TRS PAV
Deed Book/Page: 1344/966
Sale Date: 1/10/1997 _
Sale Amount: $0.00
Tax Claim Property*:
Clean &Green Year**: Yes
Homestead: Rejected
u
Market Value Assessed Value
Land: $44,600.00 Land: $22,300.00
Building: $9,660.00 Building: $4,830.00
Total: $54,260.00 Total: $27,130.00
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http://,,ArNA-A,.co.somerset.pa.us/pages/realestateprintable.asp?DISTREFNTO=080004990 9/19/2014
REV-15o8 EX+(o8-i2)
pennsytvania SCHEDULE E
DEPARTMENT OF REVENUE CASH, BANK DEPOSITS & MISC.
INHERITANCE TAX RETURN
RESIDENT DECEDENT PERSONAL PROPERTY
ESTATE OF: FILE NUMBER:
David L. Hittie 21-14-0967
Include the proceeds of litigation and the date the proceeds were received by the estate.
All property jointly owned with right of survivorship,must be disclosed on Schedule F.
ITEM VALUE AT DATE
NUMBER DESCRIPTION OF DEATH
1. 1989 Sea Ray Sport 160 Boat(ID No.SERSS1988C989) 1,200.00
2 1989 E Z Loader Trailer(VIN IZEIFFVI0KNB23343) 300,00
3 Santander Bank Checking Account(Acct.No.1691016756) 1,548.29
TOTAL(Also enter on Line 5, Recapitulation) 3,048.29
If more space is needed,use additional sheets of paper of the same size.
REV-i5og EX+(oi-io)
pennsylvania SCHEDULE F
DEPARTMENT OF REVENUE JOINTLY-OWNED PROPERTY
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF: FILE NUMBER:
David L.Hittie 21-14-0967
If an asset became jointly owned within one year of the decedent's date of death,it must be reported on Schedule G.
SURVIVING JOINT TENANT(S)NAME(S) ADDRESS RELATIONSHIP TO DECEDENT
A• Robin M.Hittie 125 Channel Drive Spouse
Carlisle,PA 17013
B.
C.
JOINTLY OWNED PROPERTY:
LETTER DATE DESCRIPTION OF PROPERTY %OF DATE OF DEATH
ITEM FOR JOINT MADE INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT NUMBER OR SIMILAR DATE OF DEATH DECEDENT'S VALUE OF
NUMBER TENANT JOINT IDENTIFYING NUMBER.ATTACH DEED FOR JOINTLY HELD REAL ESTATE. VALUE OF ASSET INTEREST DECEDENT'S INTEREST
1. A. 12/05/95 Real Property 125 Channel Dr North Middleton Twp Cumberland Co. 285,000.00 50% 142,500.00
2 A 04/12/95 .49 acre lot on Channel Dr North Middleton Twp Cumberland Co. 42,800.00 50% 21,400.00
3 A 12/05/95 .59 acre lot on Channel Dr North Middleton Twp Cumberland Co. 55,600.00 50% 27,800.00
4 A Santander Bank Checking Account(Acct.No.1971201774) 721.47 50% 360.74
5 A Members 1st Federal Credit Union Savings Account 17.44 50% 8.72
TOTAL (Also enter on Line 6, Recapitulation) $ 192,069.46
If more space is needed,use additional sheets of paper of the same size.
REV-1510 EX+(08-09)
Topennsylvania SCHEDULE G
DEPARTMENT OF REVENUE INTER-VIVOS TRANSFERS AND
INHERITANCE TAX RETURN MISC. NON-PROBATE PROPERTY
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
David L. Hittie 21-14-0967
This schedule must be completed and filed if the answer to any of questions 1 through 4 on page three of the REV-1500 is yes.
ITEM DESCRIPTION OF PROPERTY DATE OF DEATH %OF DECD'S EXCLUSION TAXABLE
INCLUDE THE NAME OF THE TRANSFEREE,THEIR RELATIONSHIP TO DECEDENT AND
NUMBER THE DATE OF TRANSFER ATTACH A COPY OF THE DEED FOR REAL ESTATE. VALUE OF ASSET INTEREST IF APPLICABLE VALUE
1. Raymond James IRA(Account No.60671256) 252,453.16 100 252,453.16
2 Public School Employees'Retirement System 57,054.12 100 57,054.12
TOTAL(Also enter on Line 7, Recapitulation) $ 309,507.28
If more space is needed,use additional sheets of paper of the same size.
REV-1511 EX+ (08-13)
i pennsylvania SCHEDULE H
DEPARTMENT OF REVENUE FUNERAL EXPENSES AND
INHERITANCE TAX RETURN ADMINISTRATIVE COSTS
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
David L. Hittie 21-14-0967
Decedent's debts must be reported on Schedule I.
ITEM
NUMBER DESCRIPTION AMOUNT
A. FUNERAL EXPENSES:
1' Ewing Brothers Funeral Home Inc. 6,599.38
B. ADMINISTRATIVE COSTS:
1, Personal Representative Commissions: 0.00 .
Name(s)of Personal Representative(s)
Street Address
City State ZIP
Year(s)Commission Paid:
3,500.00
2. Attorney Fees:
0.00
3. Family Exemption: (If decedent's address is not the same as claimant's,attach explanation.)
Claimant
Street Address
City State ZIP
Relationship of Claimant to Decedent
4. Probate Fees: 418.75
5. Accountant Fees: 0.00
6. Tax Return Preparer Fees: 0.00
7. Appraisal Fees 350.00
TOTAL(Also enter on Line 9, Recapitulation) $ 10,868.13
If more space is needed,use additional sheets of paper of the same size.
David LHittie 21-14-0967
REV-1513 EX+(01-10)
167pennsylvania SCHEDULE J
DEPARTMENT OF REVENUE
INHERITANCE TAX RETURN BENEFICIARIES
RESIDENT DECEDENT
ESTATE OF: FILE NUMBER:
David L. Hittie 21-14-0967
-RELATIONSHIP-TO DECEDENT AMOUNT OR SHARE
NUMBER NAME AND.ADDRESS OF PERSON(S)RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE
I TAXABLE DISTRIBUTIONS[Include outright spousal distributions and transfers under
Sec.9116(a)(1.2).]
1•
Robin M.Hittie 125 Channel Drive,Carlisle,PA 17013 Spouse 100%
ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18 OF REV-1500 COVER SHEET,AS APPROPRIATE.
II NON-TAXABLE DISTRIBUTIONS
A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT TAKEN:
1.
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS:
TOTAL OF PART II—ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET. $ 0.00
If more space is needed,use additional sheets of paper of the same size.
s s
y.
FOURTH
In the event that my wife predeceases me, or does not survive me by
thirty (30) days, and at the time of my death I am not survived by any
issue, I. then ;g y.e,,_.devise, and bequeath all of the rest, residue and
remainder of my estate as follows:
A. I give and bequeath unto my nephew, Robert Hittie,
the sum of $1,000.00 upon the condition that he
use said sum to care for any animals that I may
own at the time of my death.
B. I give and bequeath all photographs and photo albums
which are in my possession at the time of my death
unto my nephew Scott Hittie, for him to either retain
or distribute among my relatives as he sees fit.
C. All of the rest, residue and remainder I give, devise,
and bequeath as follows:
1. Two—thirds (2/3) to my nieces and nephews,
per stirp.es;
2. One-third (1/3), in as nearly equal shares
as is practicable, unto the following
individuals: My wife's grandmother, Lillian
K. White; my wife's mother, Evelyn Minshull;
my wife's father, Fred Minshull; my wife's
sister, Valerie Shuty; my wife's sister,
Melanie Barry; and my wife's niece, Mikel
Barry.
FIFTH
I direct that any and all Inheritance, Estate and Transfer Taxes
imposed upon my estate passing under my will shall be paid out of the
principal of my residuary estate.
SIXTH
i. In addition to the powers conferred by law, I authorize my personal
representative, in his or her absolute discretion:
A. To retain in the form received, and to sell either at public sale or
private sale any real or personal property.
r
B. To manage real estate.
C. To invest and reinvest in all farms of property without being confined
to legal investments, and without regard to the principle of
diversification.
D. To exercise any option or rights arising from ownership of
Investments-
E. To compromise claims without court approval, and without the consent
of any beneficiary.
F. To not sell any real estate occupied by my spouse and I as a marital
home if minor children are living at the time of my death and it is
practical to retain ownership of the real estate so that my minor
children may live in said real estate until they graduate from high
school.
SEVENTH
I appoint Dauphin Deposit Trust Company, with principal offices
located in Harrisburg, Pennsylvania, guardian and trustee of any intangible
personal property or the proceeds of sale of real or tangible personal
property, including, but not limited to all proceeds of insurance on my
life, which passes to a person under the age of twenty-five years and with
respect to which I am authorized to appoint a guardian or trustee and have
not otherwise specifically done so. In addition to the powers given by
law, I authorize the guardian/trustee (a) to use such amounts of both
income and principal as it in its sole discretion, deems proper for the
support, education and welfare of such minor or beneficiary without leave
of any -court,--and-(b) to invest` in any property without restriction to
legal investments. The guardian/trustee shall not be required to-give bond
or furnish sureties in any jurisdiction. I hereby direct upon any
beneficiary attaining eighteen years of age that the guardian shall become
the trustee of funds held by it and shall hold the funds in trust for any
such minor or any other beneficiary under the age of twenty-five years
until such beneficiary attains the age of twenty-five years, and that all
bequests to a minor, or all funds passing to a minor under this last will
and testament, or any beneficiary under twenty-five shall be held by the
guardian as trustee of such funds until the said minor or beneficiary
attains the age of twenty-five (25) years.
EIGHTH
In the event my said wife, Robin M. Hittie predeceases me, I appoint
my nephew, Bradley Hittie, or if not living or available, my nephew Scott
Hittie, guardian of the person of any of my children who may be minors at
the time of my death.
♦ t ,r n
NINTH
I nominate, constitute, and appoint my wife, Robin M. Hittie as
Executrix of this my last will and testament. In the event of the
renunciation, death, resignation, or inability to act for any reason
whatsoever of my said wife, I nominate, constitute and appoint my nephew,
Scott Hittie, surviving Executor of this my last will and testament. I
hereby relieve my personal representative from the necessity of posting
security in connection with their duties as such in any jurisdiction in
which they may be called upon to act insofar as I am able by law to do so.
IN WITNESS WHEREOF, I have hereunto set my hand and seal to this my
last will and testament, this 2 day of , 1992.
SEAL)
David L. Hittie
Signed, sealed, published and declared by the above named testator, as
and- for his. last will and testament in the presence of us, who, at his
request, in his sight and presence, and in the sight and presence of each
o er°, have hereunto subscribed our names as witnesses.
l residing at
-
11C G'! residing at _iz_
f �f
ONWEALTH OF PENNSYLVANIA:
SS
COUNTY OF FRANKLIN
1, David L. Hittie, the testator whose name is signed to the attached
or foregoing instrument, having been duly qualified according to law, do
hereby acknowledge that I signed and executed the instrument as my Last
Will; and that I signed it willingly and as my free and voluntary act for
. - the purposes therein ex/pressed. ---�
We, ( tfl tl�l� and LJ� �i C17Rv , the
witnesses whose names are signed to the attached or foregoing instrument,
being duly qualified according to law, do depose and say that we were
present and saw the testator sign and execute the instrument as his last
will; that the testator signed willingly and executed it as his free and
voluntary act for the purposes therein expressed; that each subscribing
witness in the hearing and sight of the testator signed the will as a
witness; and that to the best of our knowledge the testator was at that
time eighteen (18) or more years of age, of sound mind, and under no
-constraint or undue influence.
Sworn to or affirmed and acknowledged before me by David L. Hittie,
tke testator, and sworn to or affirmed And subscribed to before me by
and witnesses, this 7a
day�--of JA,,�
1992.
David L. HII,ttle
Witness
0 Witness
Notary
Exterior-Only Inspection Residential Appraisal Report
This is a restricted appraisal report. The use of this report is restricted to the named lender/client only. File No. M1407196
SUBJECT PROPERTY/OWNER/BORROWER IDENTIFICATION LENDER/CLIENT
125 Channel Dr. Members ill Federal Credit Union
Carlisle, PA 17013 5000 Louise Drive
Owner:Hittie,David&Robin P.O. Box 40
Borrower:Same As Owner Mechanicsburg,PA 17055
NEIGHBORHOOD/MARKET AREA(Note:Race and the racial composition of the neighborhood are not appraisal factors.)
Neighborhood Characteristics Housing Trends Properties
Location: Suburban Property Values: Stable Dwellings: Detached
Built-Up: 25-75% Demand Supply: In Balance Age Range: <5->75
Growth: Stable Marketing Time: 3-6 Months Condition: Average
SITE I Area: 1.82 Acre(s) I View: Residential,Creek Street: Asphalt
Water: Private Sewer: Public Gas: Electric: Public
SUBJECT IMPROVEMENTS Design:Cape Cod No. of Stories: 1.5 Year Built:2003
Ext.Walls:Vinyl,Brick Roof:Shingels Windows:Thermal Pane Pool:0
Porch:Covered Front Patio:0 Deck:Composite rear Other:Bridge to Island
Parking: 2 Car Garage Driveway:Asphalt Outbuildings: Boat House,Shd Aux. Heat:Fp&Flue
Int.Walls: Drywall Floors: HW,WW,Vinyl Heating:Oil,FHA Cooling:CA
GLA:2086 Sq. Ft. Finished Rooms Above Grade: 7 1 Rooms 3 1 Bedrooms 1 2.5 1 Bathrooms
Basement: Full Finished Rooms Below Grade:Some Drywall Installed
Comments,Additional Features, Recommended Repairs,Renovations and/or Remodeling: The owner said the interior is in good
condition. Custome Kitchen with Cherry Cabinets. There is a creek to the rear with a channel that forms an island,part of which is
on the subject property. See the attached tax parcel map.
Overall Marketability: Good Highest and Best Use: As Is-Residential
Listing/Offering History—Current&Prior 12 Months: None Known
Sale/Transfer History&Analysis—Prior 36 Months: None Known
In accordance with the client's request for a"drive-by appraisal",the appraiser has performed an exterior-only inspection of the
above subject property from at least the street. The appraiser's opinion of market value noted below is based on the scope of
work defined in the report,statement of assumptions,limiting conditions and appraiser's certification.
OPINION OF VALUE: $285,000 EFFECTIVE DATE/DATE OF INSPECTION:7/23/2014
APPRAISER: SUPERVISORY APPRAISER: (Only If Required)
William M. Davis-PA Certified Residential Appraiser
Certification#RL-003418-L with Expiration Date 06-30-15
RE/MAX REALTY ASSOCIATES
3425 Market Street,Camp Hill, PA 17011
Phone 717-761-6300
Date of Signature and Report:7/28/2014
FEE FOR APPRAISAL SERVICES RENDERED:$95
Page 1 of 5
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Exterior-Only Inspection Residential Appraisal Report
This appraisal report is subject to the following scope of work,intended use,intended user,definition of market value,statement of assumptions and limiting
conditions,and certif€cations. The appraiser may expand the scope of work to Include any add€tional research or analysis necessary based on the complexity of this
appraisal assignment.
This is a restricted appraisal report that conforms to the minimum reporting guidelines required by Standards Rule 2-2 in the Uniform Standards of Professional
Appraisal Practice. The use of this report is restricted to the named lender/client only for the sole purpose of evaluating the subject property for non-federally
related mortgage finance transactions,which is the intended use of this report. Please note that the appraiser's opinions and conclusions set forth In this restricted
report might not be understood property without additional information retained in the appraiser's work file,such as comparable sale data utilized in the sales
comparison approach to value. The subject's fee simple real property interests are appraised for market value as defined in The Dictionary of Real Estate Appraisal,
411 Ed.,Appraisal Institute. No value was given for any personal property items noted or present on the subject property,such as above ground pools,hot tubs etc.
Both the use of the real estate as of the date of value and the use of the real estate reflected in the appraisal are residential,unless otherwise noted.
The scope of work for this appraisal is defined by the complexity of this appraisal assignment and the reporting requirements of this appraisal form,including the
referenced definition of market value,statement of assumptions and limiting conditions,and certifications. The appraiser must,at a minimum:(1)perform a visual
inspection of the exterior areas of the subject property from at least the street and obtain adequate information regarding the interior verbally from a knowledgeable
party familiar with the subject property,(2)inspect the neighborhood,(3)research and select comparable sales considered to be the best available indicators of
value,(4)research,verify,and analyze data from reliable public and/or private sources,and(5)report the analysis,opinions and conclusion in this appraisal report.
Statement of Extraordinary Assumptions and limiting Conditions: If Information assumed to be factual is found to be false,the assumption could alter the
appraiser's opinions or conclusions. Any hypothetical conditions asserted by the appraiser for the purpose of analysis are noted in the comment section of the
report. Any assumptions or hypothetical conditions may affect the assignment results.
*The appraiser assumes that the portions of the home not visible from the exterior-only inspection from at least the street,such as the interior and rear of the home,
are at least in average condition,similar to the condition of the portion seen from the street or as otherwise informed by the knowledgeable party familiar with the
subject property and noted in the report. Only sources deemed reliable are utilized in the appraisal process and are assumed to be correct and factual.
*The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to It,except for information that he or
she became aware of during the research involved in performing the appraisal. The appraiser assumes that the title is good and marketable and will not render any
opinions about the title.
*The appraiser assumes that neither the subject's value nor marketability are adversely affected to an undesirable degree by its legal zoning designation or if any
portion of the subject is located in a designated flood zone area,unless otherwise noted.This appraisal report must not be considered to be a flood zone assessment
or certification of the subject property. If needed,a flood zone assessment or certification should be obtained by a professional in that field.
*The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question,unless specific arrangements to do so
have been made beforehand,or as otherwise required by law.
*The appraiser has noted In this appraisal report any known adverse conditions(such as needed repairs,deterioration,the presence of hazardous wastes,toxic
substances,etc.)observed during the inspection of the subject property or that he or she became aware of during the research involved in performing this appraisal.
Unless otherwise stated in this appraisal report,the appraiser has no knowledge of any hidden or unapparent physical deficiencies or adverse conditions of the
property that would make the property less valuable,and has assumed that there are no such conditions that do exist and makes no guarantees or warranties,
.express or implied. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover
whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards,this appraisal report must not be considered as an
environmental assessment of the property.
*The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion,repairs or alterations on the
assumption that the completion,repairs or alterations of the subject property will be performed in a professional manner.
*The appraiser will not disclose the contents of this appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice,and/or
applicable federal,state or local laws.
*The Client is the party who engages an appraiser(by employment or contract)in a specific assignment. A party receiving a copy of this report from the client does
not,as a consequence,become a party to the appraiser-client relationship. Any person who receives a copy of this appraisal report as a consequence of disclosure
requirements that apply to an appraiser's client,does not become an Intended user of this report unless the client specifically identified them at the time of the
assignment.
APPRAISER'S CERTIFICATION:The appraiser's certification in this report is subject to the above assumptions and limiting conditions. The appraiser certifies and
agrees that:
*I have,at a minimum,developed and reported this appraisal in accordance with the scope of work requirements stated in this appraisal report.
•I performed a visual inspection of the exterior areas of the subject property from at least the street. I reported the condition of the improvements in factual,
specific terms. I identified and reported the physical deficiencies that could affect the€ivability,soundness,or structural integrity of the property.
*I performed this appraisal in accordance with the requirements of the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by
the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared.
*I developed my opinion of market value of the real property that is the subject of this report based on the sales comparison approach to value. i have adequate
comparable market data to develop a reliable sales comparison approach for this appraisal assignment. The details of the sales comparison approach are retained in
the appraiser's work file and not included within the report. I further certify that I considered the cost and income approaches to value,determined them to be not
applicable or not required for credible appraisal results and did not develop them,unless otherwise indicated in the report.
*I researched,verified,analyzed and reported on any current agreement for sale for the subject property,any offering for sale of the subject property in the twelve
months prior to the effective date of this appraisal,and the prior sales of the subject property for a minimum of three years prior to the effective date of this
appraisal,unless otherwise indicated in this report.
Page 4 of 5
Exterior-Only Inspection Residential Appraisal Report
"I selected and used comparable sales that are locationaIly,physically,and functi6nally the most similar to the subject property.
•Adjustments were made to the comparable sales that reflect the market's reaction to the differences between the subject property and the comparable sales.
•I verified all information in this report with sources deemed reliable.
•I have knowledge and experience in appraising this type of property in this market area.
•1 am aware of,and have access to,the necessary and appropriate public and private data sources,such as multiple listing services,tax assessment records,public
land records and other such data sources for the area in which the property is located.
*I have taken into consideration the factors that have an Impact on value with respect to the subject neighborhood,subject property and the proximity of the subject
property to adverse influences in the development of my opinion of market value. I have noted in this appraisal report any adverse conditions observed during the
inspection of the subject property or that I became aware of during the research involved In performing this appraisal.I have considered these adverse conditions in
my analysis of the property value,and have reported on the effect of the conditions on the value and marketability of the subject property.
*I have not knowingly withheld any significant information from this appraisal report and,to the best of my knowledge;all statements and information in this
appraisal report are true and correct.
*I stated in this appraisal report my own personal unbiased,and professional analysis,opinions,and conclusions,which are subject only to the assumptions and
limiting conditions in this appraisal report.
*I have no present or prospective interest in the property that is the subject of this report,and I have no present or prospective personal interest or bias with respect
to the participants in the transaction. I did not base,either partially or completely,my analysis and/or opinion of market value in this appraisal report on the race,
religion,sex,age,marital status,handicap,familial status,or national origin of either the prospective owners or occupants of the subject property or of the present
owners or occupants of the properties in the vicinity of the subject property or on any other basis prohibited by law.
*My employment and/or compensation for performing this appraisal or any future or anticipated appraisals was not conditioned on any agreement or
understanding,written or otherwise,that I would report(or present analysis supporting)a predetermined specific value,a predetermined minimum value,a range nr
direction in value,a value that favors the cause of any party,or the attainment of a specific result or occurrence of a specific subsequent even(such as approval of a
pending mortgage loan application.
*I personally prepared all conclusions and opinions about the real estate that were set forth In this appraisal report. If I relied on significant real property appraisal
assistance from any individual or individuals in the performance of this appraisal,I have named such individual(s)and disclosed the specific tasks performed in this
appraisal report. I certify that any individual so named is qualified to perform the tasks. i have not authorized anyone to make a change to any item in this appraisal
report;therefore,any change made to this appraisal is unauthorized and I will take no responsibility for it.
*I identified the lender/client in this appraisal report who is the individual,organization,or agent for the organization that ordered and will receive this appraisal
report.
*If this appraisal report was transmitted as an"electronic record"containing my"electronic signature",the appraisal report shall be as effective,enforceable and
valid as if a paper version of this appraisal report were delivered containing my original hand written signature.
*1 have performed the following services as an appraiser or in any other capacity regarding the property that is the subject of this report within the three-year period
immediately preceding acceptance of this assignment: NONE PERFORMED IN THE PRIOR THREE YEARS. It is noted that this client,Member's 1"Federal Credit Union,
has a specific policy for this appraiser to proceed with new assignments ordered for properties that the appraiser did perform a prior service during the prior one to
three-year period without specific approval to do so. Prior services completed within the past one-year period may or may not require a new assignment,at the
client's discretion.
SUPERVISORY APPRAISER'S CERTIFICATION: If required,the supervisory appraiser certifies and agrees that:
*I directly supervised the appraiser for this appraisal assignment,have read the appraisal report,and agree with the appraiser's analysis,opinions,statements,
conclusions,and the appraiser's certification.
*I accept full responsibility for the contents of this appraisal report including,but not limited to,the appraiser's analysis,opinions,statements,conclusions,and the
appraiser's certification.
*The appraiser identified in this appraisal report is a sub-contractor of the supervisory appraiser,is qualified to perform this appraisal,and is acceptable to perform
this appraisal under the applicable state law.
*This appraisal report complies with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board
of the Appraisal Foundation and that were in place at the time this appraisal report was prepared.
*If this appraisal report was transmitted as an"electronic record"containing my"electronic signature",the appraisal report shall be as effective,enforceable and
valid as if a paper version of this appraisal report were delivered containing my original hand written signature.
APPRAISER: SUPERVISORY APPRAISER: (Only If Required)
644,
William M. Davis-PA Certified Residential Appraiser
Certification#RL-003418-L with Expiration Date 06-30-15
RE/MAX REALTY ASSOCIATES
3425 Market Street,Camp Hill,PA 17011
Phone 717-761-6300
Date of Signature and Report: 7/28/2014
Page 5 of 5
Parcel No.:29-173581-031
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Confirmatory Deed
I-A M
MADE THE 31`'day of July in the year of our Lord two thousand and two (2002). ayrn
rr"
BETWEEN DAVID L. HITTIE and ROBIN M. HITTIE, husband and wife,
of North Middleton Township, Cumberland County,Pennsylvania,
hereinafter referred to as:
cmmlsl
and DAVID L. HITTIE and ROBIN M. HITTIE,husband and wife,
of North Middleton Township, Cumberland County, Pennsylvania,
hereinafter referred to as:
Grantees,
WITNESSETH,that in consideration of ONE AND XX/1 00($1.00)Dollars in hand paid,the
receipt whereof is hereby acknowledged, the said Grantors do hereby grant and convey to the said
Grantees, their heirs and assigns,as tenants by the entireties:
ALL THAT CERTAIN tract of land situate in North Middleton Township,
Cumberland County, Pennsylvania, more particularly bounded and described
as follows:
BEGINNING at a parker kalon nail located in the centerline of Channel
Drive, T-492, at the common property corner of David L. and Robin M. Hittie
(said corner having been erroneously referred to as corner of David L. and
Robin M. Hittie in previous deed, wherein same should have been referred to
as corner of Estate of Alverta M. Hamaker, but same now being properly
referred to herein as corner of David L. Hittie and Robin M. Hittie, by virtue of
the conveyance effected by said previous deed) and land now or formerly of
Russell J. Lackey;thence along the centerline of Channel Drive,T-492,South
28 degrees, 15 minutes, 00 seconds East, a distance of 220,00 feet to a
parker kalon nail located in the centerline of Channel Drive; thence along
other land of David L. and Robin M. Hittie, South 68 degrees, 33 minutes, 22
seconds West, a distance of 363.50 feet to a point on the edge of the
Conodoguinet Creek; said point on the edge of the Conodoguinet Creek
being referenced by an iron pipe which is North 68 degrees, 33 minutes, 22
seconds East, a distance of 16.11 feet from said point;thence continuing from
said point in the edge of the Conodoguinet Creek, along and through the
same for the following two courses: North 27 degrees, 11 minutes, 38
seconds West, a distance of 100.00 feet to a point;thence North 32 degrees,
11 minutes, 38 seconds West, a distance of 120.00 feet to a point in the
waters of the Conodoguinet Creek and land now or formerly of Russell J.
Lackey; thence along land now or formerly of Russell J. Lackey and passing
through an iron pipe on the property line 16.95 feet from the point in the
waters of the Conodoguinet Creek, North 68 degrees, 23 minutes, 31
seconds East, a distance of 369.83 feet to the point of BEGINNING.
CONTAINING 1.8227 acres.
BEING the same premises which Rev. Clarence E. Dupert, as
Executor of the Estate of Aiverta M. Hamaker, by his Deed dated December
5, 1995, and recorded in the Office of the Recorder of Deeds in and for
Cumberland County, Pennsylvania, in Deed Book 132, Page 401, granted
and conveyed unto David L. Hittie and Robin M. Hittie, Grantors herein.
AND BEING depicted as Parcels"B", "C"and "D"on that certain "Map
of Property David L. & Robin M. Hittie"prepared November 29, 1995, by John
K. Bixler III, Professional Land Surveying Services, the relevant portion of
which is attached hereto and made a part hereof as Exhibit"A".
THIS IS A CONFIRMATORY DEED MADE FOR THE PURPOSE OF
CONFIRMING THE PROPER LEGAL DESCRIPTION OF THE PREMISES,
AND IS A DEED FROM HUSBAND AND WIFE TO THEMSELVES,
WHEREFORE SAME IS EXCLUDED FROM REALTY TRANSFER TAX.
SUBJECT,to all previously recorded deed covenants and restrictions.
SUBJECT, to the riparian rights of the Conodoguinet Creek.
AND the said Grantors hereby covenant and agree that they will warrant specially the property
hereby conveyed.
600K 252 PnE4875
IN WITNESS WHEREOF,said Grantors have hereunto set their hands and seals the day and
year first above written.
SIGNED, SEALED AND DELIVERED
IN THE PRESENCE OF
(SF-AL)
David L. Hittie
� ,--m (SEAL)
'Robin M. Hittie
COMMONWEALTH OF PENNSYLVANIA
ss.
COUNTY OF CUMBERLAND
On this, the 311, day of July, 2002, before me, the undersigned officer, personally appeared,
David L. Hittie and Robin M. Hittie, known to me or satisfactorily proven to be the persons whose
names are subscribed to the within instrument,and acknowledged that they executed the same fo
purposes therein contained.
IN WITNESS WHEREOF, I hereunto set my hand and official seal.
N ary Public NotadalSaW
Sharon E.Bloom,NGUq PLtUc
North WKkNoton Twix,Cumberland Courcy r�tsr...
My Commission Expires Aug.S.2002
I hereby certify that the precise residence and the within
Grantees is: 121 Channel Drive, Carlisle,PA 17013
Attorticy for Grantees
STEPHEN L. BLOOM
A T T 0 R N E Y A N D C ()U N S F.L L 0 F A T L-kw
21 00 LONG,; G..\p ROAD
CARLISLE, PENNSYLVANIA 1 701 3
C:\S1-'B\0ffice\Rt-a1 U',rate\Rcal Lltatc 2002\8294,5-DcW.d0c
BOOK 252 rnr4876
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Exhibit "J"'Allcorder of Deeds
BOOK 25 Gc48 —
021620115A
File ND.Hittie Estate 1
f
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APPRAISAL OF
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LOCATED AT:
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Channel Drive
Carlisle,Pa 17013
FOR:
David Hitte Estate
125 Channel Drive
Carlisle,Pa 17013
BORROWER:
i
AS OF:
i
June 14,2014
i BY:
DOUGLAS R HEINEMAN
i
I
021620115A
File No,Hittie Estate 1,
Robin Hittie
David Hitte Estate
125 Channel Drive
Carlisle,Pa 17013
File Number: Hittie Estate 1
In accordance with your request,I have appraised the real property at:
Channel Drive
Carlisle,Pa 17013
The purpose of this appraisal is to develop an opinion of the market value of the subject property,as vacant.
The property rights appraised are the fee simple interest in the site.
In my opinion,the market value of the property as of ,lune 14,2014 is:
$42,800
Forty-Two Thousand Eight Hundred Dollars
The attached report contains the description, analysis and supportive data for the conclusions,
final opinion of value, descriptive photographs, limiting conditions and appropriate certifications.
DOUGLAS R HEINEMAN
1620115A LAND APPRAISAL REPORT File No.Hittie Estate 1
bropertyAddress Channel Drive Census Tract LENDER DISCRETIONARY USE
Carlisle
County Cumberland State Pa Zip Code 17013 Sale Price $
-e al Description Deed Book 120 Page 976 Date
5wner/Occu ant Robin M Hitte Ma Reference 15-1581-051 Mortgage Amount $
Sale Price$ na Date of Sale 14 June 2014 Property Rights Appraised Mortgage Type
-oan chargesiconcessions to be paid by seller$ naX❑ Fee Simple Discount Points and Other Concessions
2.E.Taxes$ 332.31 Tax Year 2014 HOA$/Mo. eashold Paid by Seiler $
.ender/Client David Hitte Estate ❑ Condominium(HUDNA)
125 Channel Drive Carlisle Pa 17013 PUD Source
-OCATION LJ Urban X Suburban Rural NEIGHBORHOOD ANALYSIS cloud Avg. Fair Pow
3UILT UP ❑Over 75% X 25-75% Under 25% Employment Stability0 X❑ ❑
3ROWTH RATE ❑Rapid ❑Stable X❑Slow Convenience to Employment X ❑
-IROPERTY VALUES ❑Increasing Q Stable Declining Convenience to Shopping ❑ ❑ ❑
DEMAND/SUPPLY ❑ShortageX❑in Balance Oversupply Convenience to Schools X ❑
MARKETING TIME Under 3 Mos. X 3-6 Mos. Over 6 Mos. Adequacy of Public Transportation X❑ ❑
°RESENT LAND USE% LAND USE CHANGE PREDOMINANT SNGLEFAMLYHOU51NG Recreation Facilities Q ❑
Single Family 40%Not Likely X❑ OCCUPANCY PRICE AGE Adequacy of Facilities ❑ ❑
1-4 Family Likely ❑ Owner X $(000) (yrs) Property Compaijb ❑
ifl!y X❑
Nulb-Family in process ❑ Tenant g 60000 Low 20 Protection from Detrimental Cond. X
"ommercial To: Vacant(0-5%) X 250000 High 90 Police&Fire Protection X❑ g
ndustriai Vacant(over 5%) g Predominant General Appearance of Properties Q ❑ ❑
Vacant 60% A cal to Market XM n
Vote:Race or the racial composition of the neighborhood are not considered reliable appraisal factors. COMMENTS-These properties along the
onodo uinet Creek have decreasing in value due to the lame and quick rise in flood insurance costs. The area is bounded by the
uonodo uinet Creek to the West and south. Longs Gap Road to the North and East.
)imensions see attached deed Topography Basically Level
Site Area .49 acres Comer Lot no Size Typical for Area
toning Classification A Zoning Compliance Yes Shape Rectangular
-iIGNEST&BEST USE: Present Use Other Use Drainage Appears Adequate
UTILITIES Public Other SITE IMPROVEMENTS Type Public Private View Typical
lectricity, X❑ Street Asphalt X❑ ❑ Landscaping Typical
3as ❑ Curb/Gutter D ❑ Driveway
Naler ❑ on site Sidewalk ❑ Apparent Easements
Sanitary Sewer ❑ on site Street Lights ❑ g FEMA Flood Hazard Yes')000t No
Stone Sewer 0 Alley None FEMA'Ma one
Comments (Apparent adverse easements,encroachments,special assessments,slide areas,etc.): storm water easement
The undersigned has recited three recent sales of properties most simiiiar and proximate to subject and has considered these in the merkel anaiysis. The description includes a dollar
idjustmen4 reflecting market reaction to those items of significant variation between the subject and comparable properties. It a significant item in the comparable property is superior
o,or more favorable than,the subject property,a minus(-)adjustment is made,thus reducing the indicated value of subject;it a significant Item in the comparable is interior to,
rr less favorable than,the subject property,a plus(+)adiustment is made,thus increasing the indicated value of the subject.
ITEM SUBJECT COMPARABLE NO.1 COMPARABLE NO.2 COMPARABLE NO.3
Channel Drive Trindle Road 14 Young Drive 4 Burgandy Circle
4ddress Carlisle 17013 Carlisle Pa 17013 Carlisle Pa 17013 Boiling S Fins Pa
Proximity to Subject 3.5 miles
Sales Price $ na $ 55,000 $ 65,000 $ 50,000
?rice/ $ na m$ nam $ nam $ na m
Data Source Ins ection CPML CPML CPML
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION - A amen DESCRIPTION !LisAteawanr DESCRIPTION A Wren
Sales or Financing None None
oncessions NONE
Date of Salerrime 2/20/2014 2/20/2014 11/2512013
Location Suburban Inferior -10,000 Similar -10,000 Similar -10,000
Site/View Water view Inferior +12,000 Inferior +12.000 Inferior +12,000
Size 49 acres 69 aeras .49 acres .57 acres
Flood Zone Yes No -15,789 No -15,789 No -15.789
Water/Sewer Public Public Public
Net Ad'. tota + X - i$ 13,789 1 J+ 1XJ- ;$ 13 789TIT 1x1- ;s 13,789
Indicated Value Gross: 0.0 Gross: 0.0 Gross: 0.0
of Subject Net 00.01$ 41,211 Net: 0.0 $ 51 211 Net: 0.0 $ 36 213
Comments of Sales Comparison: All three comparables have sewer and water. They have been adjusted for both water view,and flood plain
etc.
Comments and Conditions of Appraisal:There have not been land only sold in a flood plain that this appraiser could find.
Final Reconciliation:Because this is land with out improvements,the cost approach to value as well as the income approach to value have
no bearing, The cost of flood insurance over a time period and its relation to monthly cash flow is the ad'sutment for flood zone.
I(WE)ESTIMATETHE MARKET VALUE,AS DEFINED,OF THE SUBJECT PROPERTYAS OF June 14 2014 to be$ 42,800
1(We)certify,,khat to the best of my(our)knowledge and belief,the facts and data used herein are true and correct;that I(we)personally inspected the subject property
and inspected at at I sales cited in this report;and that I(we)have no undisclosed interest,present or prospective therein.
Appraiser( Review Appraiser ❑Did ❑Did Not
EINEMAN (dapplicable) Inspect Property
early,land Foun 04198 Protlucedring Aa 5aa-80on4.8727wmv Woh.Cem
Heineman Appraisals
SUBJECT PROPERTY P • •ADDENDUM
Borrower: File No.: Hittie Estate I
PropertV Address:Channel Drive Case No.: . .
City:Carlisle State: Pa Zip:17013
David Hitte Estate
FRONTVIEWOF
SUBJECT PROPERTY
Appraised Date:June 14,2014
ATLIM Appraised Value:$42,800
REARVIEW
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SUBJECT PROPERTY
STREETSCENE
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021620115A
File No. Hittie Estate 1
DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market
under all conditions requisite to a fair sale,the buyer and seller,each acting prudently,knowledgeably and assuming the price is not
affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from
seller to buyer under conditions whereby:(1)buyer and seller are typically motivated;(2)both parties are well informed or well advised,
and each acting in what he considers his own best interest;(3)a reasonable time is allowed for exposure in the open market;(4)payment
is made in terms of cash in U.S.dollars or in terms of financial arrangements comparable thereto;and(5)the price represents the normal
consideration for the property sold,unaffected by special or creative financing or sales concessions*granted by anyone associated with the
sale.
*Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for
those costs which are normally paid by sellers as a result of tradition or law in a market area;these costs are readily identifiable since the
seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property
by comparisons to financing terms offered by a third party institutional tender that is not already involved in the property or transaction. Any
adjustment should not be calculated on a mechanical dollar for dollar cast of the financing or concession but the dollar amount of any
adjustment should approximate the market's reaction to the financing or concessions based on the Appraiser's judgment,
STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION
CONTINGENT AND LIMITING CONDITIONS: The appraiser's certification that appears in the appraisal report is subject to the
following conditions:
1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it. The
appraiser assumes that the title is good and marketable and,therefore,will not render any opinions about the title. The property is appraised
on the basis of it being under responsible ownership.
2. The appraiser has provided a sketch in the appraisal report to show approximate dimensions of the improvements and the sketch is
included only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of its size.
3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency(or other data
sources)and has noted in the appraisal report whether the subject site is located in an identified Special Flood Hazard Area. Because the
appraiser is not a surveyor,he or she makes no guarantees,express or implied,regarding this determination.
4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question,unless specific
arrangements to do so have been made beforehand.
5. The appraiser has estimated the value of the land in the cost approach at its highest and best use and the improvements at their
contributory value. These separate valuations of the land and improvements must not be used in conjunction with any other appraisal and
are invalid if they are so used.
6. The appraiser has noted in the appraisal report any adverse conditions(such as,needed repairs,depreciation,the presence of hazardous
wastes,toxic substances,etc.)observed during the inspection of the subject property or that he or she became aware of during the normal
research involved in performing the appraisal. Unless otherwise stated in the appraisal report,the appraiser has no knowledge of any hidden
or unapparent conditions of the property or adverse environmental conditions(including the presence of hazardous wastes,toxic
substances,etc.)that would make the property more or less valuable,and has assumed that there are no such conditions and makes no
guarantees or warranties,express or implied,regarding the condition of the property. The appraiser will not be responsible for any such
conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the
appraiser is not an expert in the field of environmental hazards,the appraisal report must not be considered as an environmental assessment
of the property.
7. The appraiser obtained the information,estimates,and opinions that were expressed in the appraisal report from sources that he or she
considers to be reliable and believes them to be true and correct. The appraiser does not assume responsibility for the accuracy of such
items that were furnished by other parties.
8. The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional
Appraisal Practice.
9. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion,
repairs,or alterations on the assumption that completion of the improvements will be performed in a workmanlike manner.
10. The appraiser must provide his or her prior written consent before the lender/client specified in the appraisal report can distribute the
appraisal report(including conclusions about the property value,the appraiser's identity and professional designations,and references to
any professional appraisal organizations or the firm with which the appraiser is associated)to anyone other than the borrower;the
mortgagee or its successors and assigns;the mortgage insurer;consultants;professional appraisal organizations;any state or federally
approved financial institution;or any department,agency,or instrumentality of the United States or any state or the District of Columbia;
except that the lender/client may distribute the property description section of the report only to data collection or reporting service(s)
without having to obtain the appraiser's prior written consent. The appraiser's written consent and approval must also be obtained before
the appraisal can be conveyed by anyone to the public through advertising,public relations,news,sales,or other media.
Vacant Land Page 1 of 2
021620115A
File No. Hitfie Estate 1
APPRAISERS CERTIFICATION: The Appraiser certifies and agrees that:
1. 1 have researched the subject market area and have selected a minimum of three recent sales of properties most similar and proximate
to the subject property for consideration in the sales comparison analysis and have made a dollar adjustment when appropriate to reflect the
market reaction to those items of significant variation. If a significant item in a comparable property is superior to,or more favorable than,
the subject property,I have made a negative adjustment to reduce the adjusted sales price of the comparable and,if a significant item in a
comparable property is inferior to,or less favorable than the subject property,I have made a positive adjustment to increase the adjusted
sales price of the comparable.
2. 1 have taken into consideration the factors that have an impact on value in my development of the estimate of market value in the
appraisal report. I have not knowingly withheld any significant information from the appraisal report and I believe,to the best of my
knowledge,that all statements and information in the appraisal report are true and correct
3. 1 stated in the appraisal report only my own personal,unbiased,and professional analysis,opinions,and conclusions,which are subject
only to the contingent and Limiting Conditions specified in this form.
4. 1 have no present or prospective interest in the property that is the subject to this report,and I have no present or prospective personal
interest or bias with respect to the participants in the transaction. i did not base,either partially or completely,my analysis and/or the
estimate of market value in the appraisal report an the race,color,religion,sex,handicap,familial status,or national origin of either the
prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the
subject property.
5. 1 have no present or contemplated future interest in the subject property,and neither my current or future employment nor my
compensation for performing this appraisal is contingent on the appraised value of the property.
6. 1 was not required to report a predetermined value or direction in value that favors the cause of the client or any related party,
the amount of the value estimate,the attainment of a specific result,or the occurrence of a subsequent event in order to receive my
compensation and/or employment for performing the appraisal. I did not base the appraisal report on a requested minimum valuation,a
specific valuation,or the need to approve a specific mortgage loan.
T 1 performed this appraisal in conformity with the Uniform Standards of Professional Appraisal Practice that were adopted and
promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place as of the effective date of this appraisal,
with the exception of the departure provision of those Standards,which does not apply. I acknowledge that an estimate of a reasonable
time for exposure in the open market is a condition in the definition of market value and the estimate I developed is consistent with the
marketing time noted in the neighborhood section of this report,unless I have otherwise stated in the reconciliation section.
8. 1 have personally inspected the subject property and the exterior of all properties listed as comparables
in the appraisal report. I further certify that I have noted any apparent or known adverse conditions in the subject improvements,on the
subject site,or on any site within the immediate vicinity of the subject property of which I am aware and have made adjustments for these
adverse conditions in my analysis of the property value to the extent that I had market evidence to support them. I have also commented
about the effect of the adverse conditions on the marketability of the subject property.
9, 1 personally prepared all conclusions and opinions about the real estate that were set forth in the appraisal report. If I relied on
significant professional assistance from any individual or individuals in the performance of the appraisal or the preparation of the appraisal
report,i have named such individual(s)and disclosed the specific tasks performed by them in the reconciliation section of this appraisal
report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any item in
the report,therefore,if an unauthorized change is made to the appraisal report,I will take no responsibility for it.
SUPERVISORY APPRAISER'S CERTIFICATION: If a supervisory appraiser signed the appraisal report,he or she certifies
and agrees that:I directly supervise the appraiser who prepared the appraisal report,have reviewed the appraisal report,agree with the
statements and conclusions of the appraiser,agree to be bound by the appraiser's certifications numbered 4 through 7 above,and am taking
full responsibility for the appraisal and the appraisal report.
ADDRESS OF PROPERTY APPRAISED: Channel Drive Carlisle Pa 17013
F
APPRAI SUPERVISORY APPRAISER(only if required)
Signat' ure: �^ Signature:
Name: D S RIMNM Name:
Date S' ed: Date Signed:
State Ce cation#. RL-000569-L State Certification#:
or State License#• or State License#:
State: State:
Expiration Date of C�ettification or License: 30 JUNE 2015 Expiration Date of Certification or License:
❑ Did ❑ Did Not Inspect Property
Vacant Land Page 2 of 2
ROBERT P.ZIEGLER
RECORDER OF DEEDS Tax Parcel No,29-17-1581-051
CUMBERLAND COUNTY-PA
'ss APR 12 rm 2 .wu THIS DEED,
MADE THE 12th day of April in the year of our Lord one thousand nine hundred ninety-five
(1995).
BETWEEN JOSEPH W. BARIC and BEULAH I. BARIC, husband and wife,of Lower
Frankford Township,Cumberland County,Pennsylvania,parties of the first part,
Grantors,
and DAVID L. HITTIE and ROBIN M. HITTIE, husband and wife,of North Middleton
Township,Cumberland County,Pennsylvania,parties of the second part,
Grantees.
WITNESSETH, that in consideration of Eight Thousand and no/100 ---
($8,000.00) --- Dollars,in hand paid,the receipt whereof is hereby acknowledged, the said
Grantors do hereby grant and convey to the said Grantees,their heirs and assigns,as tenants by
the entirety,
ALL THAT CERTAIN tract or parcel of land consisting of two parts situate in North
Middleton Township, Cumberland County, Pennsylvania, more particularly bounded and
described,as follows:
LOT NO. 1: Lot No.32 and the western one-half of Lot No.31 in the Plan of Lots known
as Plan of Green Meadows,said Plan being recorded in the hereinafter named Recorder's Office
in Plan Book 3, Page 110, and said above-described property having a frontage of 75 feet on
Township Road T492 known as Channel Drive which is erroneously referred to in the hereinafter
mentioned deed as being Green Meadow Drive,and extends in depth therefrom at an even width a
distance of 100 feet to the northern side of a channel which is erroneously referred to in the
hereinafter mentioned deed as being a 16-foot driveway or channel.
IT IS to be noted that Tract No. 4 in the hereinafter mentioned deed erroneously recites that
the premises known as 113 Channel Drive is erected on Lot No. 1 when in fact no improvements
are erected on Lot No. 1 and the house known as 113 Channel Drive is erected on the adjoining
Lot No.30 and a portion of Lot No. 31 which is the property heretofore conveyed by the within
Grantors to Shirley J.Harclerode by deed dated December,14,1984.
LOT NO. 2: BEGINNING at a stake on the southern side of the channel referred to in
Lot No. l above,said stake being at the extension of the western line of Lot No. 32 referred to
above;thence in a southerly direction along the extension thereof a distance of 185 feet to a stake
on the northern side of the Conodoguinet Creek;thence in an eastern direction along the norther
side of said Creek a distance of 75 feet to a stake at line of land formerly of Melvin S. Lay and
wife and later of Shirley J. Harclerode;thence in a northerly direction along line of said land
formerly of Melvin S.Lay and wife,and later of Shirley J.Harclerode a distance of 185 feet to a
stake on the southern line of said channel;thence in a western direction along the same a distance
of 75 feet to a stake at the Place of BEGINNING.
IT IS to be noted that the above description supposes Channel Drive to run from east to
west and the above-described lots of land to run from north to south.
THERE ARE no improvements on the above-described two lots of land.
THE ABOVE-described two lots of land are conveyed under and subject to a storm water
easement in favor of the Township of North Middleton granted by Beulah I. Baric and husband
by instrument dated December 14,1984,and recorded in the hereinafter named Recorder's Office.
THE ABOVE-described two lots of land are all of Tract No.4 which Beulah I Baric and
husband by deed dated May 23, 1983, and recorded May 23, 1983,in the Office of the Recorder
of Deeds in and for Cumberland County at Carlisle,Pennsylvania,in Deed Book"E",Volume 30,
Page 803, granted and conveyed to Joseph W. Baric and Beulah I. Baric, husband and wife,
Grantors herein,
Gov !ti0 Pt.L� 376
AND the said Grantors hereby covenant and agree that they will warrant SPECIALLY the
property hereby conveyed.
IN WITNESS WHEREOF, said Grantors have hereunto set their hands and seals the
day and yearfirst above written.
Signed, Sealed, and Delivered
in the Presence of
Id 1,14A,e l TSEAL)
JJo ph W.Baric
" J. "'&� (SEAL)
B
7� eulah L Baric
State of Pennsylvania
}ss.
County of Cumberland
On this, the 12th day of April, 1995, before me, the undersigned officer, personally
appearedloseph W.Baric and Beulah I. Baric,husband and wife,known to me(or satisfactorily
proven) to be the persons whose names are subscribed to the within instrument, and
acknowledged that they executed the same for the purposes therein contained.
IN WITNESS WHEREOF, I hereunto set my hand and official seal.
cl,L v;�•a"("•^ .-:i•'i_ NctolalSeW Q V/i.11� (SEAL)
'L "'' t8R :r'= oasdaLoJones.
gmbeNa%ary P o
we
MYComnrrtgionEoeslJcc 24.1997
1L•,r;�C�.
I do hereby certify that the precise residence and complete post office address of the within
,,.xamed Grantees is 121 Channel Drive,Carlisle,Pennsylvania 17013.
Pj''7/, ., o �4r Attorneyfor G;
^O,,�t�hllpfOjtlTVEAL77I OF PENNSYLVANIA Cumberland County Recorder of Deeds
++.....��'
}ss. Instrument Filins
COUNTY OF CUMBERLAND Receipt# 4491.0
RECORDED on this day of Instr#1995-007403 4/12/1995 14:40:'
1995, in the Recorder's
Officl of the said County in Deed Bookl�D Remarks: NARTSON
Page f7J .
11 ,,``��'' DEED 11.5(
Given under my hand and seal of the said DEED-HRIT
office,the date above written. DEED-RIT STATE aJS.0f
CARLISLE AREA 40.00
HDRTH MIDDLETON 40.0'•
ChedA 5390� 59.,0(Recorder Check#5403 530.0,
Total Received....... £IT,Ot
dux 120 encf 977
. ,
021620158
File No.Hittie 2
APPRAISAL OF
t t d.� k r..-.,•�+K„�}�3„§y rT°,fir-:"3 '� f..fi.;;•+,
LOCATED AT:
Channel Drive
Carlisle,Pa 17013
FOR:
Estate of David L Hittie
125 Channel Drive
Carlisle,Pa 17013
BORROWER:
Estate David L Hittie
AS OF:
June 14,2014
BY:
Douglas R Heineman
Pa Certified Residential Appraiser
0216201513
File No.Hittie 2
Robbin Hittie
Estate of David L Hittie
125 Channel Drive
Carlisle,Pa 17013
File Number: Hittie 2
In accordance with your request, I have appraised the real property at:
Channel Drive
Carlisle,Pa 17013
The purpose of this appraisal is to develop an opinion of the market value of the subject property,as vacant.
The property rights appraised are the fee simple interest in the site.
In my opinion,the market value of the property as of ,lune 14,2014 is:
$55,600
Fifty-Five Thousand Six Hundred Dollars
The attached report contains the description, analysis and supportive data for the conclusions,
final opinion of value, descriptive photographs, limiting conditions and appropriate certifications.
Douglas R Heineman
Pa Certified Residential Appraiser
RL-0000569-L
121620158 LAND APPRAISAL REPORT File No.Hittie 2
Property Address Channel Drive Census Tract LENDER DISCRETIONARY USE
City Carlisle county Cumberland State Pa Zip Code 17013 Sale Price $
Legal Description see attached deed Date
OwnerlOccu ant Estate of David L Hittie Ma Reference 17-1581-031A Mortgage Amount $
Sale Price$ na Date of Sale na Property Rights Appraised Mortgage Type
Loan charges/concessions to be paid by seller$ na X Fee Simple Discount Points and Other Concessions
R.E.Taxes$ Tau Year HOA$/Mo. ❑ Leashold Paid by Seller $
Lender/Client Estate of David L Hittie ❑ Condominium(HUDNA)
125 Channel Drive Carlisle Pa 17013 PUD source
LOCATION LJ Urban X Suburban Rural NEIGHBORHOOD ANALYSIS Good Avg. Fur Poor
BUILT UP ❑Over 75% X❑25-75% ❑Under 25% Employment Stability ❑ X❑ ❑ ❑
GROWTH RATE ❑Rapid X❑Stable ❑Slow Convenience to Employment ❑ X❑ ❑ ❑
PROPERTYVALUES ❑Increasing X❑Stable ❑Declining Convenience to Shopping ❑ X❑ ❑ ❑
DEMANDISUPPLY ❑Shortage X In Balance ❑Over Supply Convenience to Schools ❑ X❑ ❑ ❑
MARKETING TIME Under 3 Mos. X 3-6 Mos. F1 Over 6 Mos. Adequacy of Public Transportation ❑ X❑
PRESENT LAND USE% LAND USE CHANGE PREDOMINANT SINGLEFAMLYHOUSIING Recreation Facilities ❑ 0 E) ❑
Single Family 40%Not LikelyX❑ OCCUPANCY PRICE AGE Adequacy of Facilities ❑ X❑ ❑ ❑
24 Family Likely ❑ Owner X❑ $(000) (yrs) Property Compatibility El N) E) El
Multi-Family In process Tenant ❑ 60 Low 20 Protection from Detrimental Cond. 11 E E) EJ
Commercial To: Vacant(0-5%) 250 High 90 Police&Fre Protection ❑ o ❑ ❑
Industrial Vacant(over 50h) X� Predominant General Appearance of Properties ❑ 0 ❑ ❑
Vacant 60% 1 1 150- 50 Appeal to Market n X
Note:Race or the racial composition of the neighborhood are not considered reliable appraisal factors. COMMENTS.Longs Gap Road along the North and
East and the Conodo uinet Creek to the South and West are the basic boundries of the marketing area. The properties are mainly with
water views or on the water.
Dimensions see attached deed Topography Basically Level
Site Area .59 acres Comer Lot no Size Typical for Area
Zoning Classification Residential Zoning Compliance yes Shape Rectangular
HIGHEST&BEST USE: Present Use yes Other Use Drainage Appears Adequate
UTILITIES Public Other SITE IMPROVEMENTS Type Public Private View Typical
ElectricityX❑ Street Asphalt X❑ ❑ Landscaping Typical
Gas ❑ Curb/Gutter R) ❑ Driveway None
Water ❑ Sidewalk X❑ ❑ Apparent Easements None Observed
Sanitary Sewer X❑ Street Lights X❑ ❑ FEMA Flood Hazard Yes' No xx
Storm Sewer X Allev None FEMA*Ma/Zone
Comments(Apparent adverse easements,encroachments,special assessments,slide areas,etc.): None Observed
The undersigned has recited three recent sales of properties most similiar and proximate to subject and has considered these in the market analysis. The description includes a dollar
adjustment,reflecting market reaction to those items of significant variation between the subject and comparable properties. If a significant item in the comparable property is superior
to,or more favorable then,the subject property,a minus(-)adjustment is made,thus reducing the indicated value of subject;if a significant item in the comparable is inferior to,
or less favorable than,the subject property,a plus(F)adjustment is made,thus increasing the indicated value of the subject.
ITEM SUBJECT COMPARABLE NO.1 COMPARABLE NO.2 COMPARABLE NO.3
Channel Drive Trindle Road 14 Young Drive 4 Burgundy Circle
Address Carlisle Pa Carlisle Pa 17013 Carlisle Pa 17013 Boiling Springs Pa 17007
Proximity to Subject 3.5 miles 7 miles 8 miles
Sales Price $ na $ 55,000 $ 65,000 $ 50,000
Price/ $ 0$ 550000 $ 650000 $ 500000
Data Source CPMUCCCH CPMUCCCH CPMUCCCH
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION A usmes DESCRIPTION sA us men DESCRIPTION A usmen
Sales or Financing none noted none noted
Concessions none noted
Date of SateTme 20 February 2014 1 March 2014 24 January 2014
Location Suburban Superior -10,000 Superior -10,000 Superior -10,000
SiteNiew Water View Inferior 12,000 Inferior 12.000 Inferior 12,000
Size .59 Acres .69 acres .49 acres .57 acres
Sewer Public Public Public Public
Water on site Public -3,000 Public -3,000 Public -3,000
Net Ad'. foto + X - '$ 1 000 + X - '$ 1 000 + X - '$ 1,000
Indicated Value Gross: 45.5Gross: 38.5 Gross: 50.0
of Subject Net: . -1.81$ 54 000 Net: -1.5 $ 64 000 Net: 2.0 $ 49,000
Comments of Sales Comparison: The homes surrounding the comparables versus the subject are greater in value as an average;hence the
adjustment to the subject. There is value in this appraisers opinion to a water view. Did not adjust for lot size because of closest of size.
Well vs public water was warranted for an ad"ustment for in my opinion
Comments and Conditions of Appraisal:There have not been any recent sales with water views in the this appraiser could find. In my opinion I
used the best available comparables.
Final Reconciliation:Cost approach and income approach to value were not warranted due to land only.
IWE)ESTIMATE THE MARIKETVALUE,AS DEFINED,OFTHE SUBJECT PROPERTYAS OF 14 June 2014 .to be$ 55,600
1(We)cer' t to the best of my(our)knowledge and belief,the facts and data used herein are true and correct;that I(we)personally inspected the subject property
and inspected all comp le at s cited in this report;and that I(we)have no undisclosed interest,present or prospective therein.
Appraiser(s Review Appraiser ❑Did ❑Did Not
��Aeman (d applicable) Inspect Property
primary Land Form 08188 Produced usleg ACI soin me.M.M8727 wmv.edaeb.mm
Heineman Appraisals
Borrower:Estate of-David L Hittie File No.: Hittie 2
Property Address:Channel Drive Case No.:021620156
City:Carlisle State: Pa Zip: 17013
Lender:Estate of David L Hittie
FRONT VIEW OF
'f' .. SUBJECT PROPERTY
Appraised Date:December 30,2014
k { . Appraised Value:$55,600
REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
02162015B
File No, Hittie 2
DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market
under all conditions requisite to a fair sale,the buyer and seller,each acting prudently,knowledgeably and assuming the price is not
affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from
seller to buyer under conditions whereby:(1)buyer and seller are typically motivated;(2)both parties are well informed or well advised,
and each acting in what he considers his own best interest;(3)a reasonable time is allowed for exposure in the open market;(4)payment
is made in terms of cash in U.S.dollars or in terms of financial arrangements comparable thereto;and(5)the price represents the normal
consideration for the property sold unaffected by special or creative financing or sales concessions*granted by anyone associated with the
sale.
*Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for
those costs which are normally paid by sellers as a result of tradition or law in a market area;these costs are readily identifiable since the
seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property
by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any
adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any
adjustment should approximate the market's reaction to the financing or concessions based on the Appraiser's judgment.
STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION
CONTINGENT AND LIMITING CONDITIONS: The appraiser's certification that appears in the appraisal report is subject to the
following conditions:
1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it. The
appraiser assumes that the title is good and marketable and,therefore,will not render any opinions about the title. The property is appraised
on the basis of it being under responsible ownership.
2. The appraiser has provided a sketch in the appraisal report to show approximate dimensions of the improvements and the sketch is
included only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of its size.
3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency(or other data
sources)and has noted in the appraisal report whether the subject site is located in an identified Special Flood Hazard Area. Because the
appraiser is not a surveyor,he or she makes no guarantees,express or implied,regarding this determination.
4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question,unless specific
arrangements to do so have been made beforehand.
5. The appraiser has estimated the value of the land in the cost approach at its highest and best use and the improvements at their
contributory value. These separate valuations of the land and improvements must not be used in conjunction with any other appraisal and
are invalid if they are so used.
6. The appraiser has noted in the appraisal report any adverse conditions(such as,needed repairs,depreciation,the presence of hazardous
wastes,toxic substances,etc.)observed during the inspection of the subject property or that he or she became aware of during the normal
research involved in performing the appraisal. Unless otherwise stated in the appraisal report,the appraiser has no knowledge of any hidden
or unapparent conditions of the property or adverse environmental conditions(including the presence of hazardous wastes,toxic
substances,etc.)that would make the property more or less valuable,and has assumed that there are no such conditions and makes no
guarantees or warranties,express or implied,regarding the condition of the property. The appraiser will not be responsible for any such
conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the
appraiser is not an expert in the field of environmental hazards,the appraisal report must not be considered as an environmental assessment
of the property.
7. The appraiser obtained the information,estimates,and opinions that were expressed in the appraisal report from sources that he or she
considers to be reliable and believes them to be true and correct. The appraiser does not assume responsibility for the accuracy of such
items that were furnished by other parties.
8. The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform,Standards of Professional
Appraisal Practice.
9. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion,
repairs,or alterations on the assumption that completion of the improvements will be performed in a workmanlike manner.
10. The appraiser must provide his or her prior written consent before the lender/client specified in the appraisal report can distribute the
appraisal report(including conclusions about the property value,the appraiser's identity and professional designations,and references to
any professional appraisal organizations or the firm with which the appraiser is associated)to anyone other than the borrower;the
mortgagee or its successors and assigns;the mortgage insurer;consultants;professional appraisal organizations;any state or federally
approved financial institution;or any department,agency,or instrumentality of the United States or any state or the District of Columbia;
except that the lenderlclient may distribute the property description section of the report only to data collection or reporting service(s)
without having to obtain the appraiser's prior written consent. The appraiser's written consent and approval must also be obtained before
the appraisal can be conveyed by anyone to the public through advertising,public relations,news,sales,or other media.
Vacant Land Page 1 of 2
021620158
File No. Hittie 2
APPRAISERS CERTIFICATION: The Appraiser certifies and agrees that:
1. 1 have researched the subject market area and have selected a minimum of three recent sales of properties most similar and proximate
to the subject property for consideration in the sales comparison analysis and have made a dollar adjustment when appropriate to reflect the
market reaction to those items of significant variation. If a significant item in a comparable property is superior to,or more favorable than,
the subject property,I have made a negative adjustment to reduce the adjusted sales price of the comparable and,if a significant item in a
comparable property is inferior to,or less favorable than the subject property,I have made a positive adjustment to increase the adjusted
sales price of the comparable.
2. 1 have taken into consideration the factors that have an impact on value in my development of the estimate of market value in the
appraisal report. I have not knowingly withheld any significant information from the appraisal report and I believe,to the best of my
knowledge,that all statements and information in the appraisal report are true and correct.
3. 1 stated in the appraisal report only my own personal,unbiased,and professional analysis,opinions,and conclusions,which are subject
only to the contingent and Limiting Conditions specified in this form.
4. I have no present or prospective interest in the property that is the subject to this report,and I have no present or prospective personal
interest or bias with respect to the participants in the transaction, I did not base,either partially or completely,my analysis and/or the
estimate of market value in the appraisal report on the race,color,religion,sex,handicap,familial status,or national origin of either the
prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the
subject property.
5. 1 have no present or contemplated future interest in the subject property,and neither my current or future employment nor my
compensation for performing this appraisal is contingent on the appraised value of the property.
5. t was not required to report a predetermined value or direction in value that favors the cause of the client or any related party,
the amount of the value estimate,the attainment of a specific result,or the occurrence of a subsequent event in order to receive my
compensation and/or employment for performing the appraisal. I did not base the appraisal report on a requested minimum valuation,a
specific valuation,or the need to approve a specific mortgage loan.
7. 1 performed this appraisal in conformity with the Uniform Standards of Professional Appraisal Practice that were adopted and
promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place as o(the effective date of this appraisal,
with the exception of the departure provision of those Standards,which does not apply. I acknowledge that an estimate of a reasonable
time for exposure in the open market is a condition in the definition of market value and the estimate I developed is consistent with the
marketing time noted in the neighborhood section of this report,unless I have otherwise stated in the reconciliation section.
8. 1 have personally inspected the subject property and the exterior of all properties listed as comparables
in the appraisal report. I further certify that I have noted any apparent or known adverse conditions in the subject improvements,on the
subject site,or on any site within the immediate vicinity of the subject property of which I am aware and have made adjustments for these
adverse conditions in my analysis of the property value to the extent that I had market evidence to support them. I have also commented
about the effect of the adverse conditions on the marketability of the subject property.
9. 1 personally prepared all conclusions and opinions about the real estate that were set forth in the appraisal report. If I relied on
significant professional assistance from any individual or individuals in the performance of the appraisal or the preparation of the appraisal
report,1 have named such individual(s)and disclosed the specific tasks performed by them in the reconciliation section of this appraisal
report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any item in
the report;therefore,if an unauthorized change is made to the appraisal report,I will take no responsibility for it.
SUPERVISORY APPRAISER'S CERTIFICATION: If a supervisory appraiser signed the appraisal report,he or she certifies
and agrees that:I directly supervise the appraiser who prepared the appraisal report,have reviewed the appraisal report,agree with the
statements and conclusions of the appraiser,agree to be bound by the appraiser's certifications numbered 4 through 7 above,and am taking
full responsibility for the appraisal and the appraisal report.
ADDRESS OF PROPERTY APPRAISED: Channel Drive,Carlisle Pa 17013
Ap SUPERVISORY APPRAISER(only if required)
Signe: Signature:
Name. �ugl.s R Heineman Name:
Date Signed: Date Signed:
State Cq4fication#: RL-000569-L State Certification#:
or State Lnse#: or State License#:
State:Pa State:
Expiration Date of Certification or License: 30 June 2015 Expiration Date of Certification or License:
Q Did ❑ Did Not Inspect Property
Pa Certified Residential Appraiser
Vacant Land Page 2 of 2
3o ll y,,,,,&—... 90a,2cA
THIS DEED
1
Made this(_day of t>e c.e C4kt'- ,in the year of our Lord one
thousand nine hundred and ninety five(1995).
Between Rev Clarence E.Dupert,as Executor of the Estate of Alverta M.
Hamaker by Grant of Letters in and for the County of Cumberland,in the
Commonwealth of Pennsylvania dated September 13, 1995,party of the first part,
GRANTOR,
-AND-
David L.Hittie and Robin M.Hittie,husband and wife,of 121 Channel Drive,
Carlisle,Cumberland County,Pennsylvania,as tenants of an estate by the entireties,
parties of the second part,Grantees.
WITNESSETH,that in consideration of Two Thousapd Five Hundred------
--00/100
undred--------
- 00!100($2,500.00)Dollars,in hand paid,the receipt whereof
is hereby acknowledged,the said Grantor does hereby grant and convey to the said
Grantees,
ALL that tract of land situate in North Middleton Township,Cumberland,
County,Pennsylvania,which is bounded and described more particularly as follows,
to wit:
BEGINNING at an iron pin located on the northern right of way line of
Channel Drive,T-492,said point being the common property corner with other
property being conveyed this date to David L.and Robin M.Hittie and land of
Richard P.Spangler;thence along land of Richard P.Spangler,North 65 degrees,20
minutes,49 seconds East,a distance of 399.62 feet to an axle shaft at land of the
North Middleton Township Athletic Association Inc.;thence along the same and land
of the Carlisle Area School District,South 25 degrees,09 minutes, I I seconds East,a
distance of 64.00 feet to an iron pin at land of Robert E.Baker,Donna K.Baker,
Edward D.Baker and Trudy A.Harper;thence along the same,South 65 degrees,21
minutes,49 seconds West,a distance of 403.97 feet to an iron pin lying within the
right of way of Channel Drive,T-492;thence in and through said right of way,North
21 degrees, 15 minutes,23 seconds West,a distance of 64.00 feet to the point of
BEGINNING. CONTAINING 25,690.35 square feet.
BEING THE SAME which Peach Belle Stine,widow,by her deed dated
March 23,1959 and recorded in the Office of the Recorder of deeds of Cumberland
County in Deed Book E 19 at page 247,sold and conveyed unto George Hamaker and _
Alverta Hamaker,husband and wife. The said George Hamaker having died October
B60K LU PAGE 398
County in Deed Book E 19 at page 247,sold and conveyed unto George Hamaker and
Alverta Hamaker,husband and wife. The said George Hamaker having died October
12, 1991,thus vesting title in the above to Alverta M.Hamaker, the Grantor's estate
herein.
Subject to the 33'wide right of way of Channel Drive,T-492.
Subject to all previously recorded deed covenants and restrictions.
The above description was taken from a"Map of Property of Alverta M.
Hamaker"prepared by John K.Bixler,P.L.S.,dated November 29, 1995,designating
said tract as as parcel"A".
TOGE'T'HER with all and singular,the said property,improvements,ways,
waters,water courses,rights,liberties,privileges,hereditaments and appurtenances
whatsoever thereunto belonging,or in any wise appertaining,and the reversions and
remainders,rents,issues and profits thereof,and all the estate,right,title,interest,
property,claim and demand whatsoever,of the said Grantor,in law,equity or
otherwise howsoever,of,in and to the same and every part thereof.
TO HAVE AND TO HOLD the said hereditaments and premises hereby
granted or mentioned,and intended so to be,.with the appurtenances,unto the said
Grantees,their heirs and assigns,to and for the only proper use and behoof of the said
Grantees,their heirs and assigns forever.
AND the said Grantor hereby covenants and agrees that he will warranty
specially the property hereby conveyed.
IN WITNESS WHEREOF,the said Grantor has to these presents set his hand
and seal. Dated the day and year first above written.
SIGNED,SEALED AND DELIVERED
IN THE PRESENCE OF
Rev.Clarence E.Du ert,Executor
of the estate of Alverta M.Hamaker
i6& 132 PACE 399
�.f
STATE OF PENNSYLVANIA
COUNTY OF CUMBERLAND
On this the day of December, 1995,before,me,the undersigned
officer,personally appeared Rev.Clarence E.Dupert,Executor of the estate of Alverta
M.Hamaker,known to me(of satisfactorily proven)to be the person whose name is
subscribed to the within instrument,and acknowledged that he executed in his
capacity as Executor for the Estate of Alverta M.Hamaker and for the pure
oses
therein contained.
..,in witness whereof,I hereunto set my hand and official seal.
t,j• !, -I •t•l l: .l. ��JWI (SLil11./) ..+..-
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do hereby certify that the precise residence and/ mplete�post Qi /
address of the within named grantees is 1a2/ & n� �,''' ✓fir(1'�U
December
dr 1995 y`
Attorney for the Grantees
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BOOK 132 PACE 400
MEMORANDUM
TO: Register of Wills Federal Express Tracking No.
Cumberland County 80 065012442
FROM: Jennifer L. Nace CQ_
Estate Paralegal
DATE: March 9,2015
IN RE: Estate of David L. Hittie
(Your File No. 2014-00967)
(Our File No. 711-20)
Enclosed please find the following documents to be filed in connection with the above-
captioned estate:
I. Inventory; and
2. REV-1500 Pennsylvania Inheritance Tax Return(with duplicate original).
Also enclosed are two copies of each document. Please time stamp the enclosed copies
and return the copies to me in the enclosed, self-addressed, postage-paid envelope.
I understand you will issue an invoice for additional probate fees. Please forward that
invoice to my attention at:
Morris&Vedder
P.O. Box 149
York, PA 17405
Thank you for your continuing assistance with the administration of this estate.
Morris& Vedder
32 North Duke Street
York, PA 17401
Phone- (717) 843-9815 Fax- (717) 846-2813 e-mail-jlnace@morris-vedder.com
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