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HomeMy WebLinkAbout01-0010 REV-l~O(XI6-001 REV-1500 , .. . COMMONWEALTH OF . PENNSYLVANIA , <liIl.. DEPARTMENT OF REVENUE DEPT 280601 ~ HARRISBURG, PA 17128-0601 INHERITANCE TAX RETURN RESIDENT DECEDENT , . ('Yr':1 ( 110-/1- .~ FILE NUMBER 21_01 o 0 1 0 - NUM8ER- - - CQUNTYCODE: YEAR I- Z W Cl W U W Cl DECEDENT'S NAME (LAST. FIRST. AND MIDDLE INITIAL) PYLE, WILLIAM G. SR. DATE OF DEATH (MM-OD.YEAR) DATE OF BIRTH (MM.DD-YEAR) 11-2 -2 (IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL) SOCIAL SECURITY NUMBER 221 - 03 -6714 THIS RETURN MUST BE FilED IN DUPLICATE WITH THE REGISTER OF WILLS SOCIAL SECURI1'f NUMBER w ,.. ':C.~(I) ,,"'''' w"" :rOO ,,"'~ .... .. " [i] 1, Original Return o 4. Limited Estate ~ 6. Decedent Died Testate (A"adlcopyofWiII) o 9. Litigation Proceeds Received o 2. Supplemental Return o 4a. Future Interest Compromise (date of death after 12_12-l!2) o 7. Decedent Maintained a living Trust (Attach topy olTru~\1 o 10. Spousal Poverty Credit (date of death belwtlI!ll12-31.91 a>ld 1_1_95) o 3. Remainder Return (daleofde~thpriorto12-13-82) o 5. Federal Estate Tax Return Required --.2 B. Total Number of Sale Deposit Boxes o 11. Ejection to tax under Sec. 9113(A) (Atlach Sch 0) THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: NAME COMPLETE MAILING ADDRESS BARBARA E. BROBST ,.. z W Q Z o .. '" w '" '" o " FIRM NAME (If Appi<:ablaj CO EXECUTOR ORRSTOWN BANK TRUST DEPARTMENT P.O. BOX 250 SHIPPENSBURG, PA 17257 TELEPHONE NUMBER 717-530-2605 z o !;( ...J ::l l- e: <( u w ~ (1) (2) (3) (4) (5) 107,000.00 1. Real Estate (Sclledule A) 2. Stocks and Bonds (Schedule B) 3. Closely Held Corporation, Partnership or Sole-Proprietorship 4. Mortgages & Notes Receivable (Schedule D) 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) 6. Jointly Owned Property (Schedule F) o Separate Billing Req\rested 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (ScheduleGorL) 8. Total Gross Assets (total Lines 1-7) 9. Funeral Expenses & Administrative Costs (Schedule H) 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) 11. Total Deductions (total Lines 9 & 10) 12. Net Value o~ Estate {Line B minus line 11} 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) 202.788.82 (6) (7) 6,000.00 (6) 315,788.82 (9) (10) 35,948.96 7.421.88 (11) (12) (13) 43.370.84 272.417 'lR 14. Net Value Subiect to Tax (line 12 mif\IJS line 13) (1'1 272.417 'lR SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES z o !;i I- ::l c.. :E o u >< ~ 15. Amount of Line 14 taxable allhe spousal lax rate, or transfers under Sec. 9116 (a)(1.2) ,0_ (15) 12.25R.81 (19) 12,258.81 277 417 'lH ,.0..4.5. (16) 16. Amount of Line 14 taxable at lineal rate 17. Amount of Line 14 taxable at sibling rate , .12 (17) 200 CHECK HERE IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT ~ ~ BE SURE TO ANSWER ALL QUESTIONS ON REVERSE SIDE AND RECHECK MATH < < 18. Amount of Line 14 taxable at collateral rale ,15 (18) 19. Tax Due Decedent's eomplete Address: STREET ADDRESS 89 STONY LANE CITY I STATE PA I ZIP 17240 Tax Payments and Credits: 1. Tax Due (Page 1 Une 19) 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments C. Discount (1) 12,258.81 8550 450 Total Credits (A + 8 + C ) (2) 9,000.00 3. InleresUPenally if applicable D. Interest E. Penally TotallnteresUPenally ( D + E ) (3) 4. If Une 2 is grealer than Une 1 + Une 3, enter the difference. This is the OVERPAYMENT, Check box on Page 1 line 20 to request a refund (4) 5. If Line 1 + Line 3 is greater than line 2, enter the difference. This is the TAX DUE. 3,258.81 (5) (5A) (58) A. Enter the interest on the tax dUe. 8. Enfer the total of Une 5 + 5A. This is the BALANCE DUE, 3,258.81 Make Check Payable to: REGISTER OF WILLS, AGENT PLEASE ANSWER THE FOllOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes a. retain the use or income of the property transferred;.......................................................................................... 0 b. retain the right to designate who shaH use the property transferred or its income; ......................................."... 0 c. retain a re'lersional"j interest; or ...... ........... ................................ ..............................,...,................,..................... 0 d. receive the promise for life of either payments, benefits or care? .................. ............................... ... 0 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration? ........ ..m............................................................................... 0 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death? .............. 0 4. Did decedent own an Individual Retirement Account annuity, or other non-probate property which contains a beneficiary designation? ................................................................................................................... No I[J I[J IJ[J I[J IX] IX] ....IX] 0 IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN, Under penalties of pe~ury, I declare Ihat I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct and complete. Declaraliono! preparer olher than Ihe personal representative is based on all informabonofwhich preparer has any kno.....ledge. P.O. BOX 250 SHIPPENSBURG. PA 17217 SIGNATURE OF PREPARER OTHER THAN REPRESENTATIVE DATE -oj ADDRESS DATE For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers 10 or for the use of the surviving spouse is 3% [72 P.S. 99116 (a) (1.1) (i)]. For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the SUNNing spouse is 0% [72 P.S. 99116 (a) {1.1) (ii)). The statute does not exemot a transfer to a sUNiving spouse from tax, and the statutory requirements for disdosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: The tax rate imposed on the net value of transfers from a deceased chad twenty-one years of age or younger at death to or for the \.Jse of a natural parent, an adoptive parent, or a stepparent of the child is 0% [72 PS. 99116(a)(I.2)). The tax rate imposed on the net value of transfers to or for the use of the decedenfs lineal beneficiaries is 4.5%, except as noted in 72 P.S. 99116(1.2) [72 P.S. 99116(a)(1)]. The tax rate imposed on the net value of transfers to or for the use of the Decedenfs siblings is 12% [72 P.S. s9116{a)(1.3)1. A sibling is defined, under Section 9102, as an individual who has at least one parent in common with the decedent. whether by blood or adoption. ""-'~""'\"n\l\. COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE A REAL ESTATE ESTATE OF FILE NUMBER PYLE. WILLIAM G. SR. 21-01-0010 All real property owned solely or as a tenant in common must be reported at fair market value. Fair market value is defined as the price at which property would be exchanged between a willing buyer and a willing seller, neither being compelled to buy or sell, both having reasonable knowledge of the relevant facts. Real property which is jointly-owned with right at survivorshiD must be disclosed on Schedule F. ITEM NUMBER 1. DESCRIPTION VALUE AT DATE OF DEATH 89 STONY NEWBURG, LANE PA 17240 107,000.00 TOTAL (Also enter on line 1, Recapitulation) $ (If more space IS needed, Insert addItional sheets of the same size) 107,000.00 '''''''''''\''''"''. COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY ESTATE OF PYLE. WILLIAM G. SR. FILE NUMBER 21-01-0010 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with the right of survivorship must be disclosed on Schedule F, ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. ORRSTOWN BANK INVESTMENT MANAGEMENT ACCT #20 00 1701 01 8 182,168.08 2. ACCRUED INTEREST ON ITEM #1 THROUGH 11-23-00 -- DOD 640.39 3. MISCELLANEOUS PERSONAL HOUSEHOLD PROPERTY AS APPRAISED 12,956.00 4. MISCELLANEOUS GUNS AND OTHER HUNTING EQUIPMENT AS APPRAISED 478.00 5. ORRSTOWN BANK MONEY MARKET ACCOUNT # 823732 -- DOD VALUE 6,183.47 6. REFUND BC/BS MEDICAL BENEFIT, RECEIVED 01-05-01 116.30 7. REFUND BC/BS MEDICAL BENEFIT, RECEIVED 02-16-01 20.68 8. TAX RELIEF REFUND FOR 2000 TAX YEAR, RECEIVED 07-31-01 225.90 TOTAL (Also enteron line 5, Recapitulation) $ 202,788.82 (If more space is needed, lnsert addItional sheets of the same sIze} f\E\i.\5\~8oI'(\,'il1)tl) COMMONWEALTH OF PENNS'(LVANII\ INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF PYLE. WILLIAM G. SR. SCHEDULE G INTER.VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY FILE NUMBER 21-01-0010 This schedule must be completed and filed if the answer 10 any of Questions 1lhrough 4 on the reverse side of the REV-1500 COVER SHEET is yes. DESCRIPTION OF PROPERTY % OF DEeDS ITEM li'lClUOETHENAMEOFTHETRANSFEREE,THEIRRElATlOOSfllPTODECEDe/TANDTHEDATEOFTIWoJSFER, ~:.;~ ~FDA~T"~ INTEREST EXCLUSION TAXABLE VALUE NUMBER ATIACHACOPYDFTHEDEEDFORREALESTATE. IFAP"'......E) 1. DELAWARE STATE PENSION PAID TO BENEFICIARY 6,000.00 100% 0 6,000.00 -- CAROLANN HIBBITTS TOTAL (Also enteron line 7, Recapitulation) $ 6,000.00 (If more spare is needed, Insert additional sheets of the same slZe) ''''''''''''''''''w COMMONWEAlTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS ESTATE OF PYLE, WILLIAM G. SR. FILE NUMBER 21-01-0010 Debts of decedent must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. ROBERT T. JONES AND FOARD INC. 8,342.30 2. ROBERT T. JONES AND FOARD INC. -- TOMBSTONE LETTERING 100.00 B. ADMINISTRATIVE COSTS: 1. Personal Representative 5 Commissions Name of Personal Representative (5) ORRSTOWN BANK 13,793.66 Social Security Number(s) I EIN Number of Personal Represenlative(s) StreelAddress P.O BOX 7,0 City SHIPPENSBlJRG Slale PA Zip ] 77,7 Year(s) Commission Paid: 2001 2. Attorney Fees 8,000.00 3. Family Exemption: (If decedents address is not the same as claimant 5, attach explanation) Claimant Street Address City State Zip Relationship of Claimant to Decedent 4. Probate Fees CUMBERLAND COUNTY FILE II 2001-00010 264.00 5. Accountant 5 Fees 6. Tax Return Preparer 5 Fees 7. APPRAISAL FEE - REAL ESTATE - S.W. BARRETT 250.00 8. APPRAISAL FEE - GOTSHALL - PERSONAL PROPERTY 85.00 9. PUBLICATION FEE - ESTATE, CUMBERLAND LAW JOURNAL 75.00 10. PUBLICATION FEE - ESTATE, THE NEWS CHRONICLE 39.00 11. CO-EXECUTOR FEE - CAROLANN HIBBITTS 5,000.00 TOTAL (Also enter on line g, Recapitulation) $ " O/.ll Ok (If more space 15 neecled, Insert addltlona! sheets of the same size) '''''''''''''\'''''\1. COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX REnlRN RESIDENT DECEDENT SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES & LIENS FILE NUMBER 21-01-0010 ESTATE OF PYLE, WILLIAM G. SR. Include unreimbursed medical expenses. ITEM NUMBER DESCRIPTION AMOUNT 1. UTILITIES - SEWAGE BILL FOR OCTOBER AND NOVEMBER 150.00 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. MEDICAL DEBT - RWC CORPORATION 65.81 MEDICAL DEBT - ASSOCIATED CARDIOLOGISTS 2.10 MEDICAL DEBT - MSHMC PHYSICIANS GROUP 175.67 MEDICAL DEBT - DR. HAL FINEBURG 203.86 MEDICAL DEBT - YELLOW BREECHES EMS INC. 58.69 MEDICAL DEBT - AMERICAN HOMEPATIENT 46.90 YEAR 2000 TAXES DUE - FEDERAL 679.00 YEAR 2000 TAXES DUE - STATE OF PENNSYLVANIA 198.00 MEDICAL DEBT - MCHS CARLISLE NURSING HOME 5,382.00 FINAL FIDUCIARY FEE - ACCOUNT # 1701 THROUGH 11-23-00 - DOD 157.10 YEAR 2000 TAX RETURN PREPARER'S FEE -- ORRSTOWN BANK 65.00 DEBT OF DECEDENT - HOME MAINTENANCE WHILE IN HOSPITAL 237.75 7,421. 88 TOTAL (Also enter on line 10, Recapitulation) $ (If more space 15 needed, Insert addItional sheets of the same sIze) REV-1513 EX+ 19-00. COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCI .~.I:'J BENEFICIARIES ESTATE OF PYLE, WILLIAM G. SR. FILE NUMBER 21-01-0010 NUMBER I RELATIONSHIP TO DECEDENT NAME AND ADDRESS Of PERSONIS) RECEIVING PROPERTY Do Not List Trusteels) TAXABLE DISTRIBUTIONS UncJude outright spousal distributions, and transfers under Sec. 9116(.) (1.2}l 1. MR. PAUL FAIR 2 TOBY'S RUN LEWES, DE 19958 SON-IN-LAW 2. WILLIAM G. PYLE JR. 12301 PONDER ROAD ELLENDALE, DE 19941 SON 3. DAUGHTER MRS. SHIRLEY FAIR 2 TOBY'S RUN LEWES, DE 19958 AMOUNT OR SHARE OF ESTATE ALL GUNS, HUNTING EQUIP, AND FIELD GLASSES paragraph II of will -- $ 478.00 ALL MECHANICS TOOLS IN WOODEN CABINET AND THE CRAFTSMAN SET. paragraph II of will -- $305.00 33 1/3 REST AND RESIDUE OF THE ESTATE. paragraph II of will 33 1/3 REST AND RESIDUE OF THE ESTATE. paragraph II of will 4. MRS. CAROLANN HIBBITS DAUGHTER 33 1/3 REST AND RESIDUE 4 McCORD DRIVE -- BROOKSIDE PARK OF THE ESTATE. ~~T~IPd~LtA?.fMOU~~i0~ DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 1B, AS APPROPRIATE, ON REv-~tIb'C'O~E1II of will II NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE ,. B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS ,. TOTAL OF PART ll- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $ (If more space is nee~ed, insert addItional sheets of the same s\ze) " LAST WILL AND TESTAMENT KNOW ALL MEN BY THESE PRESENTS, that I, WILLIAM G. PYLE, of Pennsylvania, being of sound and disposing mind, memory and understanding, do make, publish and declare this my Last Will and Testament, hereby revoking all prior wills and codicils by me at any time heretofore made. FIRST: I direct the payment of all my legal debts, funeral expenses including my grave marker and all expenses of my last illness, state, federal estate and inheritance taxes, administration costs, etc., shall be paid as soon as may be conveniently done following my decease leaving all specific bequests free of tax to the legatee. SECOND: I give, devise and bequeath all my property be it real, mixed or personal, whatsoever and wheresoever situate as follows: a. I give and bequeath to my son, William G. Pyle, all my mechanic's tools found in the wooden cabinet and the Craftsman set. b. I give and bequeath to my son-in-law, Paul Fair, all my guns, hunting equipment and field glasses. c. The rest and residue of my estate, I give, devise and bequeath to my children, William G. Pyle, Shirley Fair and Carol Hibbitts. THIRD: I am aware that no gifts are made in this Will to my daughter, Louise Snead, and that is my intention. FOURTH: I nominate and appoint, Orrstown Bank and Carol Hibbitts, as Executors of this my Last Will and Testament. IN WITNESS WHEREOF, I, WILLIAM G. PYLE, to this my Last Will and Testament, set my hand and official S'".' this ;2,5~ day of September, 2000. ;[3) ( . ('> '" ~:-' +-;-:l:>O~tfVYY\ ~ ~. (SEAL) William G. Pyle Sworn to and subscribed, declared and Published by William G. Pyle, as His Last Will and Testament, and so Done in the presence of we the Witnesses, who sign at his request, And in his presence, and in the presence Of each other. ~~L~~ o ('1,~O OJ~ 5b ~ COMMONWEALTH OF PENNSYLVANIA: :SS COUNTY OF CUMBERLAND I, WILLIAM G. PYLE, whose name is signed to the foregoing instrument, having been duly qualified according to law, do hereby acknowledge that I signed it willingly; and that I signed it as my free and voluntary act for the purpose therein expressed. ..., U{~~((?~7 W~liam G. Pyle Sworn to and acknowledged, before me, By William G. Pyle, the Testator, This ~ day of September, 2000. Notarial Seal Frank E. Koser II. Notary Public South Middleton Twp., Cumberland County My Commission ExpJres Jury 7, 2003 Member, Penn~ylvanl<, fl.:::,,;:'~I'.H]U~' d j i.:;mJ!.r;~, COMMONWEALTH OF PENNSYLVANIA: :SS COUNTY OF CUMBERLAND WE, air E. . Fa2u' and C ", . 0 III "".Al..l~the witnesses whose names are signed to the foregoing Instrument, being duly qualified according to law, do depose and say that we saw the Testator sign and execute the instrument as his Last Will and Testament; that he willingly and that he executed it as his free and voluntary act for the purposes therein expressed; that each of us in the hearing and sight of the Testator signed the Will as witnesses, and that to the best of our knowledge and the Testator was at the time at least eighteen (18) or more years of age and of sound mind and under no constraint or undue influence. --P~[~ Co ~~~) '\, .M~ ~,rn to and subscribed before me by,. .~ , I~e. ~ and Car'()\qn/) ~.Ii..:M, . , The witnesses, this J.S".J.~day of September, 2000. ~ N ie Notarial Seal Frank E. Koser II, Notary Public South Middleton Twp.. Cumberland County My Commission Expifes July 7, 2003 Member, Pennsylvania/lsscc:8t1C'nQt NmOJIGS STEVEN W. BARRETT REAL ESTATE & APPRAISAL SERVICES Fie No. 01..Q043 APPRAISAL OF LOCATED AT: 89 Stony Lane Newburg, PA 17240 FOR: Orrstown Bank 77 East King Street Shippensburg, PA 17257 BORROWER: William G. PYLE Estate AS OF: February 5, 2001 BY: Stan A. Skowronek Certified Residential Appraiser 124.126 NORTH HANOVER STREET, CARLISLE, PA 17013 717-243-8646 AND FAX 717-243-8627 STEVEN W. BARRETT REAL ESTATE & APPRAISAL SERVICES File No 01-0043 February 13, 2001 Orrstown Bank 77 East King Stroet Shippensburg, PA 17257 File Number: 01-0043 In accordance with your request, I have personally inspected and apprais.ed the real property at: 89 Stony Lane Newburg, PA 17240 The purpose of this appraisal is to estimate the market value of the subject property, as improved. The property rights appraised are the fee simple interest in the site and improvements. In my opinion, the estimated market value of the property as of February 5, 2001 is: $107,000 One Hundred Seven Thousand Dollars The attached report contains the description, analysis and supportive data for the conclusions, final estimate of value, descriptive photographs, limiting conditions and appropriate certifications. Respectfully submitted, ~o, ~~r...t Stan A. Skowronek Certified Residential Appraiser 124-126 NORTH HANOVER STREET. CARLISLE, PA 1701~ 717-243-6646 AND FAX 717~243-8627 SUMMARY APPRAISAL REPORT UNIFORM RESIDENTIAL APPRAISAL REPORT Pronert" Descrintion FlIe No. 01.0043 Pronert\l Address 89 Stonv Lane Citv Newburg Slale PA Z; Code 17240 lenalDescrinlion Deed Books B-25, PaNe 307 & W-18, Page 257 County Cumberland Ao;,o;,eo;,SQI'o;, PClIcel No, 11~l-04g5~2eI029 TaxYear OOJ01 RE. Taxes $ 580,00 SnecialAssessrnenls$ None Borrower William G. PYLE Estate Current Owner Same Occunant: -I Owner lTenant IXI Vacanl " Pronert\lrinhlsannraised XI FeeSlm Ie I leaseholdl Pro~ctT""" I pun ( \ Condominium HUDNA on\"\ HDM NJA /Mo Neinhborhood or Pro'ect Name HODewell Township Map Reference 07-0495 Census Tract 0137.98 SalePrice$N/A Dale of Sale N/A Description and $ amount of loan charoeslconcessions to pe "aid b"-sellerN/A LendElr/Client Orrstown Bank Address 77 East King Street, ShlDDensburn, PA 17257 Aooralser Stan A. Skowronek Address 126 North Hanover Street, Carlisle, PA 17013 Location Ulkban WS\.Ib\.lrbanUR\.Iral Predominant Single family housing Present land use % Landus8change Buill up o O~er75% 00 25-75% 0 Under 25% occupancy PRICE AGE OnefarrulY~ o Not likely o Likely $(000) ()'C') Growthrale o Rapid 00 Stable o Slow ~r"95 ~lOW~ 2-4famU'1 ~ 00 lnprocw. Property ~alues 00 Ino-easlng o Stable OOeclmmg Tenant 120 Hinh 100 MUIti-famlly~ To: Residential Demand/supply R Shortage ~ :nooloooo R ~SUpjJly X Vacanl(D-5%) Predominant Commercial ODj. Marketmntime Uncler3rros X 3-6mos O~er6mos ~."""t ov.S'j,' 90 40 Vacant , 70% Note: Race (IInd the racial composition of the neighborhood are not appraisal factors, Neighborhood boundaries and characteristics: Subject Is bounded on the north bv the North Mountains, on l.ha east b\l Grahams Woods : Rd, on the south bv Ritner HW\l and on the west bv Orrstown Rd 0 Factors that affect the marketabilil'1 of the properties in the neighborhoo4proximity to employment and amenities, emplo'1ment stability, appeal to market, etc) ~ There are no adverse factors to affect marketabilitv. Diverse, stablEl em%vment and all sUDDortlna amenities arEl within " reasonable drivina distance. MSA 3240. Market conditions in the subject neighborhood (including support for the abo~e conclusions related to ttend o/propertY ~alues, demand/supply, and marketing time _ _ such as data on competiti~e properties for salein the neighborhood. description of the pre~alence of sales and financing concessions, elc): Propertv sales records and NILS statistics show a steadv, moderate increase in orooertv values over the nast vear. Average marketing time of 130-100 davs shows a good balance of SUDDlv and demand. Few sales and flnan(:ing concessions are needed in the neiahborhood. . Project Information for PUDs(lf l1Pplicable). -Is the de~eloper/builder in control oflhd1ome Owners' Association (HOA)? TI YES 0- NO Approximate lotai number of unils in the subject project N/A Approximate total number of unils for sale In the subjecl project N/A Describe common elements and reaealional facllities:NIA Dimensions See leelal descriDtlon Topography Rolllnel Site area 19.89 Acres mil Cornel"lot U Yes l!.1 No Size Laraer than normal Specific zoning classification and desaiptionA-1 Agricultural Shape Irreaular Zoning compliance IXJ legal J2 legal noncon~ng(Qandfalhereduse)U Illegal U No zoning Drainage Adenuate Hiohest & best use as imoro~ed: X Present use Other use (exolain) View Onen Countl"V Utilities Public Other Off-slto Improvements Type Public Prl~ale Landscaping Avera;;e Electricity 00 Street Dirt 0 ~ Dri~ewaySurface Gravel G" 0 Curb/gutter None 0 Apparent easements None Indicated Water DWell Sidewalk None 0 0 FEtM.Special Flood Hazmd Area 0 Yes..~ No Sanitary sewer R Septic Streetlights None R R FEMA Zone C Map Date 12/27/74 Slormsewer Aile" None FEMAMaoNo.421581A Comments (apparent ad~erss easemenls, encroachments, special assessmenl~slide areas, illegal or legal nonconforming zoning, use, elc.): There are no aDDarent adverse easements. encroachments or other adverse conditions. GENERAL DESCRIPTION EXTERIOR DESCRIPTION FOUNDATION BASEMENT INSULATION No_o/Unils 1 Foundalion Stone Slab None AreaSq.Ft 264 Roof 0 No,alStories 2 Exterior Walls Alum/Shnale CatMSpaal None % Finished 0% Ceiling-O Type (OeUAIt) Detached Roo/Surface Metal/Ashlt Basemenl Partial Ceiling Unfinished Walls-O Der.igli(Style) 2 StaN Gulters & Dwnspts. Aluminum SUl'1llPu~No Walls Stone Floor-O Existing/Proposed Existino Window Type Wood Frame Dampness None Obsvd FloOf Conc/Dirt* None-O Age (Yrs.) 100vrs StormlSaeens Ve. Sett\ement None Obs.vd Outside EntJy No LIilknow" ==00 Effecli~e Ane Yrs,l 30-35 ManufacluredHouseNo Infestation None Obsvd ~ ROOMS Fover livinn Dinino Kitchen 0," Famil\lRm. Rac.Rm Bedrooms # Baths laundrv Other AceaSq.Ft. Basement Le~el1 1 1 784 0 levell 1 2 1 528 0 0 Finished area above orade conlains: 5 Rooms' 2 Bedrooms' 1 Battus\' 1,312 S are Feet of Grosslivinq Area INTERIOR Materials/Condition HEATING KITCHEN EQUIP. ATTIC AMENITIES CAR STORAGE: Floors PineNinvl Type FHA Refrigerator 0 None 8 Fireplace(s)#_ 0 None 00 . Walls Lon/Plaster Fuel Oi/twoed Range/O~en 00 Stairs Patio Garage #olcars Trim/Finish Wood CondiliorAveraae Disposal 0 DropSleir 0,01< AlIached Bath Floor Vlnvl COOlING Dishwasher 0 Scullle Porch Covered X Detached Bath Wainscot Pine Centrai No Fan/Hood 0 Floor Fonce Built-In Doore Wood Other None Mi(1owa~e R Heated Pool Copcr\ Averaae Condition ConditionN/ A Washer/Drver Finished Flue X Dri~ewa\l 6/Grvl Additional features (special energy efficienlltems, elc.): Covered porch. "Mechanlcals on concrete Condition or the impro~~ec:ents, depreCiatior(phyS~~~ functional, and external), repairs needed, quality of construction remodeling/additions, etC.: Improve ments are in avera e condition. Gravit heat to the bedrooms, which Is e.onsidered common to the area for the aoe and stvle of the Imnrovements. 0 Ad~erse en~ironmental conditions (such as, butnotlimited to, hazardous wastes, toxic substances. etc,) present in the impro~ementllon the site, or in the immediate ~icinity of Ihe subject proper!'J: No adverse environmental conditions are a-noarentldlsclosed F,oddioMocF<ml706-ilJ PAGE 1 OF2 T"".."'......od"cod"".,.ACrDo....,"'""'R.podFoon.."'""'(aoo~-<3,V F.",,;eM..Fam1oo.1 6.93 Valuation Section SUMMARY APPRAISAL REPORt UNIFORM RESIDENTIAL APPRAISAL REPORT File No 01 0043 ESTIMATED SHE VALUE, . . ~ $ 56,000 Comments on Cost Approach (such as, sourceof cost estimate, ESTIMATED REPRODUCTION COST-NEW OF IMPROVEMENTS: site value, square foot calculation and for HUD, VA and FmHA, the Dwelling 1.312 Sq,Ft. @$ 45.00 ~ $ 59,040 estlmaled remaining economic life of the property): Bsmt. 264 Sq,Ft.@$~ ~ 1,584 Cost new from marshall Swift Valuation SelVlc6 . WeJIISotcJPorch ~ 10,000 handbook and local cost analvsls. Land value from GaragelC~oo Sq.FI.@$ ~ Market Data Comparison. Osoreclation based on ace life Total Estimated Cost New Ii I r q 70,624 observed condition and market Data Analvsis. Estimated less . PhYSical,-rf~ncli~n'ai. E~e~~l. Est. Remaining Econ, Life: 20 Remaining Economic life 25-30 Years . DepreciallOn $20,000 0 0 ~ $ 20,000 DeprecialedValueoflmprovemenls. ~ $ 50,624 "As-is"VaJueofSite Improvements.. ~ $ 3,000 INDICATED VALUE BY COST APPROACH ~ $ 109,600 ITEM I SUBJECT COMPARABLE NO.1 COMPARABLE NO, 2 COMPARABLE NO.3 89 Stony Lane 173 Jumper Road 3960 Enola Road 1088 Grahams Woods Road MdIiW" Newburg NllWbur~ Newvllle Newville Proximilvto Subiecl 7.76 MJ SSE 6.65 MI E 12.35 MI E Sales Price $ N/A $ 120,000 $ 120,000 . $ 1.16,000 Pnce/Gross Liv, Area $ 83.84 tZI $ 120.00 IZl -:c $ 133.33 tZI $ 79.29 tZI Dataandlor Inspection MLS MLS/Courthouse Appr DatalCourthse VerificalionSources Courthouse Rec Courthouse VALUEADJUSTM:NTS DESCRIPTION DESCRIPTION ".I$AdiullrMnl DESCRIPTION '(-)$Adl""bnont DESCRIPTION I 'O$MU.!mam Salesorfinandng None, Conv None, Conv None, Conv : Concessions N/A DOM21 DOM 90 DOM14 DateofSalefTime N/A 04/00 : 12/99 : +2:,400 06/99 : +1,500 Location Suburban Averaae Averaae Averaae LeasehokJifeeS......... Fee Slmole Fee Slmole Fee SimDle : Fee Simole : Sile 19.89 Ac/AvtJ 19.33Ac/AvtJ : +1,000 9AclAvg +20,000 28.07Ac/Ava : -16,000 View ODen Countrv ODen Countrv Onen Count Mountains Desinn and Anneal 2 Storv/Avg 2 SOON/Ava 1.5StviAvu : I.SStv/Ava : """""''''''''''''' Avo/Alum/Shool AvgNlnvl : Avo/Alum : Avo/LoaNlnvl : Aoo 100Yrs 80 Yrs 81 Yrs 43 Yrs -3,000 Condition Averaae Averane : Averane Average : AboveG-ade Tol-ol'Bc.-m.' .,~ T<ll<ll'B-drrl\S' e.t.. : TOIIll'B<i-m" .", : ToIal'B<km.' .,~ : RoomCo\lnl 1 5: 2: 1.00 6: 3: 1.00 I 4: 2: 1.00' 5: 2: 1.00 ' Gross Livinn Area 1,312 Sn.ft. 1,000 Sn.Fl. +3,120 900 S .Ft. : +4,120 1,463 Sn.Ft. : -1,510 . Basernent& fini:;hed Partial Full Full Full Rooms Below Grade Unfinished Unfinished Unfinished Unfinished functionalUtiiilv Grav. Heat Averane ~2,000 Averatle -2,000 Bath Access : Heatino/Coolino FHA/None HW/None : FHA/None : FHA/None . Enernv Efficient Items Tvolcal Tvoical TVDlcal TVDlcal GaraQercU""'" None 3 Car Garaoe -4,000 None 1 C. Caroort : -1,000 Porch,Palio, Deck, Porchl Encl Porchl -1,000 Porch +1,000 Sclnpor/Deckl -3,000 Firenlacels\,etc Flue Flue 1 Fireplace Fence.Pool,etc. None Outbldas/Fence .10,000 8StultBarn/Rinkl : -20,000 None : : Indoor' Rink NelAd',llolal 1 t Ixl. '$ 12,880 X. 1- '$ 5,520 II I t Ix '$ 23,010 AdjusledSalesPnce Gross: 17.6% Gross: 41.3% Gross: 22.4% ofCornoarable Net -10.7% $ 101,120 Net 4.60/. $ 125,520 Net '..19.8% $ 92,990 Comments on Sales Comparison (including lhe subjecl property's compatibility to the neighborhood, etc, ): Indicated ranae of value Is $93,000 to $125,000. Lack of suitable comDluables within the suW;cts Immediate vicinltv reaulred an exoanded search area in both Ume and distarlce. Most weicht civen to comtlarable #1 due to similar acreaae and most recent sales data. Time adlustment based unon aonreciation data sunnlied be the Central Penn Multi-List service. ITEM SUBJECT COMPARABLE NO.1 COMPARABLE NO.2 COMPARABLE NO.3 Dale, Price and Data Sourceforpriorsales Unknown N/A N/A N/A witninve.,..ofanrYaisal Unknown Courthouse Courthouse Courthouse Analysis of any currenl agreement of sale, option, or lisling of the subject property and analysis of any prior sales o/subject and compcrables within one yeoroflhe dale of appraisal: No arior sales within the nast vear. INDICA TED VALUE: BY SALES COMPARISON APPROACH ..$ 107,000 . INDICATED VALUE BY INCOME APPROACJ.I'If A''''icable\ Eslimated Market Rent S N/A 1Mo. x Gross RentMJlti liar N/A "'$ N/A This appraisal is made _~ "as is" W subject to lherepairs, alterations, inspecllons or coodilions listed below . W subject to colTtlletion perplansand spedfications. Cond'rt'lonsofAppra'rsal: The DroDertv-has been OIooraised In current condition. This allDralsalls for client onlv, non-transferable. See attached addendum. Summarv AtlDralsal Reoort Final Reconciliation:Most emDhasis is olaced UDOR the sales comoarlson aooroach, with the cost approach less significant in sunDorting our estimate of value. . Tne purpose of this appraisal is to estimate the market value of the real properly thai Is the subject of this report, based on the above conditions and the certification, rontingent and limiting conditions, and market value definitiorthat.,..e staled in the attadled Freddie Mac Foon439tfannie Mae Form 10048 (Revised 6/93 I. I (WE} ESTIMATE THE MARKET VALUE, ASOEFINED, OF lHE REAL PROPER"TY1HAlISTHE SUBJEC1>FTHlSREPORT,ASOF 02/05/2001 . (WHICH IS THE DATE DflNSPECTION AND THE ~~;CTlVE OATE OF THIS REPORT) TO BE' -, 07,000 ------., . APPRAISER:~ ('; SY..... ( SUPERVlSO~~P~(OFYE," lKI~d ODldNol Sinnature '-...." ~ .., rc" Sl4natufa) _ L/( Name Stan A. Skowronek Name Steven W. Barrett, SRPA, SAA Inspect Property Date Raperl Siqned FebruaT)' 13, 2001 Date Re"ort Sinned February 13, 2001 State Certific<llion # RL-001572-L SlatePA Stale Certification # GA.o00298.L StatePA Or State License # State 0\" Stale license # RB-026921-A StatePA F,oddj. M., F"m 70 0<93 Certified Kesldential GE 2 ....erll leu ueneral ",ppralser F..,,,. Ma. F"m 1(10( s.~J Appraiser PA 20F Thi.."""w...,-on....ACIDo'Itoklpm."'R.pi<lF"'"".pwn(OOO)Zl<--B'" STEVEN W. BARRETT REAL ESTATE SKETCH/AREA TABLE ADDENDUM Case No F'ile No 01..Q043 I Prope!tYA9qt"~S~ 89Slonylane - =~~_-~==,==-~==-~_=====-----==-~'--___-J CI~ NBWb~~ __ __ ______~ounty C~mberla~~__~tate p~___~_~ 1724~_-----==-~__j .. ~orrower ~ham~PYl~Estate _____.______________..__M_____________....___l lender/C~n~ Or!stow~~a.!:'~ ,_____ _" ____~___UC Address n East King Street, Shlpp8ns~urg, PA..:!!257_~~_____J App'a~e' Nam=- St.n A S'ow,,,"'" _ ____._ __--"EE' Ad"",'~__12' N"rth H.n~v.r Slr..".~adi.,., PA 170~_ _'_1 I I I I I 16.0' Kitchen b <0 ~ "\ ~ b ~, ~ I.~ E o o 0::: OJ c :~ --l Bath Bedroom b N N . Den Bedroom 24.0' Comments: ---- -----.-----.---- ---.--.-----'"--- ---.---s~~~10_l I,i(;~de- _~e~~:li~~LCULATIONSS-~~MARY~~~:-.11 "' L1VI~~~:~;~Effi-EAKbO~~~otals-1 i GUll- First Floor 52-a-~ First Floor ~\ I First Floor 256.00 I 784.00 22.0 JC 24.0 528.00 GLA2 second Floor 526.00 528.00 16.0 JC 16.0 256.00 p/~ ~orch 168.00 I 168.00. Second Floor I 21.0 11: 24.0 526.00 I I TOTAL LIVABLE (rounded) I -------- ,---------------------------- I I I -..2312....J 3 Areas Total (rounded) L_131~_J I .-.-J I<pxaloo-wApe_1I APEXSQFTWARE60t}.Jl56-QQ~ .Borrower: William G. PYLE Estate Property Address: 89 Stony Lane CitV: Newbura Lender: Orrstown Bank SUBJECT PROPERTY PHOTO ADDENDUM File No.: 01-0043 Case No.: State: PA Zip: 17240 / ; <1-::::=;:7. '~':' \ FRONT VIEW OF SUBJECT PROPERTY Appraised Date: February 5, 2001 Appraised Value: $107,000 REAR VIEW OF SUBJECT PROPERTY STREET SCENE Borrower: William G. PYLE Estate Property Address: 89 Stony Lane City: Newburg Lender: Orrstown Bank State: PA File No.: 01-0043 Case No.: Zip: 17240 COMPARABLE PROPERTY PHOTO AODENDUM .Borrower: William G. PYLE Estate File No.: 01..()043 Property Address: 89 Stony lane Case No.: City: Newburu State: PA Zip; 17240 Lender: Orrstown Bank COMPARABLE SALE #1 173 Jumper Road Newburg Sale Date: 04/00 Sale Price: $ 120,000 COMPARABLE SALE #2 3960 Enols Road Newville Sale Date: 12199 Sale Price: $ 120,000 COMPARABLE SALE #3 1088 Grahams WOOds Road Newville Sale Date: 06199 Sate Price: $ 116,000 LOCATION MAP Borrower: William G. PYLE Estate Property Address: 89 Stony Lane City: Newburg lender: Orrstown Bank File No.: 01-0043 Case No.: State: PA Zip: 17240 .._-----~--._--._---- ~--l I I I ~ Courtesy of Barrett Real Estate & Appraisal 717_243.6646 124~126 NORTH HANOVER STREET, CARLISLE, PA 17013 717-243-6646 AND FAX 717-243.8627 S. W. BARRETT REAL ESTATE APPRAISAL SERVICES Borrower/Client William G. PYLE Estate Property Address 89 Story Lane Coy Newburg County Cumberland State PA Zip Code 17240 Lender Orrstown Bank APPRAISAL ADDENDUM SPECIAL CONDITIONS The iollowing chedr;:ed items all: specific special conditions th.t well: identified by this appraiser during the inspection of the subject property. the comparable sales, and lheir neighborhoods and locations. Unless otherwise noted, the cOIldilions that apply to the subject pfOperty or the comparables used DO NOT affect lhe market value or the [ulure marketability of the subject property being appraised. This is not a home impeclion l.ervi~. This is an "pprain\ 10 ellimale mln.Cl vuue. fJ I.) [-J 2.) J{ 3.) yz 4.) i.] 5.) I' 6.) _..J ')( 7.) ~ 3.) 0 9.) [] 10.) LJ 11.) 0 12.) ~ \3.) ~ 14.) ~ IS.) "f 16.) j( 17.) 0 13.) 0 19.) 0 20.) 0 21.) 0 22.) 0 23.) ~24.) i- 25.) 26.) 27.) 0 23.) ~29.) 30.) The subject is located in a rural area and is less than 25% built up. This condition is typical and common for the area and DOES NOT affect the market value or future marketability of the subject. Commercial/Industrial uses are located within the subject's neighborhood. These uses are typical of similar neighborhoods and DO NOT affect the market value or future marketability of the subject propeny. Vacant and undeveloped land uses are located within the subject's neighborhood. These uses are typical for the area and DO NOT affect the market value or future marketability of the subject property. The predominant value in the neighborhood is less than that of the market value of the subject property. This is due to the very wide range of value of properties in the area and superior quali\y of the subject property. This condition DOES NOT affect the market value of the subject or its future marketability. The subject property is located in a F.E.M.A. Identified Rood Zone. This condilion DOES NOT affect \he market value or future marketability of the subject when flood insurance coverage is required. Rood Insurance is suggested. Dampness is noted in the basement of the subject. This condition is considered typical in dwellings of this style and DOES NOT affect market value or the future marketability of the subject. Standing or running water was not present on basemenl floor. \/ V The subject property is serviced by private well ~ and septic ~ systems which is common for the area. This does not affect market value or future marketability. The subject is older than five (5) years old. All mechanical systems including the heating. electrical and plumbing systems appear upon a visual exterior inspection to be in working order. No warranties are implied in this statement. Repair items were noted in the comments section of the report. These comments on repair items are for descriptive purposes only and are not required repairs. The repair items listed are cosmetic in nafUre and DO NOT affect the market value or future marketability of the subject property, The basement floor is a dirt floor. This condition is common and typical for the area and DOES NOT affect the market value or future marketability of the subject. The presence of a dirt floor DOES NOT pose a bealth or safety hazard. The subject property does contain functional obsolescence as noted in lhe report. This condition is considered typical and common for the area and this style dwelling and OOES NOT affect the market value or future mark.etability of the subject propeny. The land value exceeds 30% of total value due to the high demand for vacant land in this neig.hborhood. This condition is considered common and typical for the neighborhood and DOES NOT affect the market value or future marketability of the subject. The land value exceeds 30% of total value. This is due to the large size of lhe site. This condition is considered to be typical and common and DOES NOT affect the market value or future marketability of the subject. Individual adjustments were required that exceed 15%, These adjustments were required due to lack of more similar comparables on that individual rating. Alllhree comparables are the BEST A V AILABLE. Total adjustmenls exceed 25%. This is due to the lack of comparable sales thai were more similar in the subject's market area. All three comparables are the BEST AVAILABLE. One or more comparable sales are older than six (6) months old. Although there are comparable pro):Crties in the subject's area, none have sold recently, therefore. sales in excess of six (6) months old have to be used. All three comparables used were the BEST AVAILABLE. One or more comparables used were in excess of one (1) mile from subject property. Although there are comparable propenics in the immediate area. none have sold recently. Therefore. it was necessary to use comparable sales outside of the immediate area. All com parables used are located in similar neighborhexxls and within the same marketing area. All three comparables used were the BEST AVAILABLE. The electrical system was not connected during inspection. The water service was not connected during ins):Cction. The heating system was shut down dUJing inspection. Roofing Plumbing_Electrical_Heating_ certification is suggested. Inground swimming pool_. out buildings _ included _' not included _ according to lenders guidelines. According to lenders guidelines a maximum of _ acres were considered for this valuation. Remaining acreage was given no value. The subject property is located on a private road, Wood Infestation ins):Cclion is suggested. Last recorded deed transfer: Date l)jJ'( "'()\L)~ 1 . Consideration: $ Proposed construction/renovation in accordance to plans and specifications to be completed in a workman-like manner. Seller is paying part or all of closing costs. This DOES NOT affect the market value or future marketability of the subject. All comparable sales are verified closed sales. There are 00 special conditions or other requirements that would affect market value or future marketability in this Ap- praisal Report. Other: o 31.) ~5jOI Date ~.Q.sVmM.'~_ Appraiser <;;-~ :JlLrt Review Appraiser File No, 01-0043 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 selier 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 aHowed 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 10 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 seHers as a result of tradition or law In a market area; these (iosts are readily identifiable since the seller pays Ihese costs in virtually aU 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 tWe IS good and marketable and, therefore, will not render any opinions about the tille. 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 repDft in visuaUzing 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 al 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 appraisar 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, tox-ie 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 ofthepropertj 7. The appraiser obtained the lnfOfmatlon, estimates, and opinions that were e:(pressed 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?racflce. 9. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal tnat is subject to satisfactory completion, repairs, or aiterations 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 lenderfclient 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 profess'lona) appraisal organizations or the firm with which the appraiser is associated) to anyone other than the borrower; the morlg;!lgee or its successors and assigns; the mortgage insurer; consultants; professional appraisal organizations; any state or federally approved financialll\stitution; or any department, agency, or instrumentality of the United States or any slate or the DistrJct 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 aCId 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, Freddie Mac Form 439 6-93 Page 1 of2 Fannie Mae Form 1OO4B 6-93 FileNo. 01-0043 DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all condltions requisite to a fair sale, the buyer and seller, each acting prudenlly, 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 seUer are typically motivated; {2.} both parties are well informed Of well ad\oised, and each acting in what he considers his awn 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 properlY sold unaffected by special or creative financing or sales concessions. granted by anyone associated with the sale. 'Adjustments to the comparables must be made far special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of traditkm 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 tns 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 markers 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 fol!owingconditions: 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 tille 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 responsibie 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 appraisElr's determination of its eAl.e. 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 reporl 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, regardiflg 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 cosl 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 Ihe 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 Of that he Of she became aware of dur"ing the normal research involved in performing the appraisal. Unless otherwise staled 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 condilion of the property_ The appraiser will not be responsible for any such conditions that do eX.lst or lor 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 Ihe information, estimates, and opinions that were expressed in the appraisal report from sources tt\at 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 ar,y 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; Ihe mortgage insurer; consultants; professional appraisal organizations; any state or federally approved financial institution; or any department, agency, or instrumentality of tns United States Of any state or tha District of Columbia; except that the lender/client may distribute the property description section of the report only to data collection or reporting servlce{s) without having to obtain the appraiser's prior written consent. The appraiser's written consent and approval must also be obtained before Ihe appraisal can be conveyed by anyone to the public through advertising, public relations, news, sales, or other media. Freddie Mac Form 4396-93 Page 1 of2 Fannie Mae Form 1004B6-93 File No. 01-0043 APPRAISERS CERTIFICATION: The Appraiser certifies and agrees that: 1. I 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 10 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 il6m in a comparable property is inferior to, or less favorable thao the subject property, I have made a positive adjustment to increase the adjusted sales Pficeofthe comparable. 2. I have taken into consideration the factors thell 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 kl\Owledge, that a" staternel\ts and information in \he awalsal report are true and correct. 3. I stated in the appraisal report only my own personal, unbiased, and professional analysis, opinions, and cooclusions, 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 Of prospective personal interest or bias wilh 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 properlY. 5. I have no present or contemplated future interest in the subject property, and neither my current or future employment nor my compensation for performing this appralsal is contingent on the appraised \>alue of the property, 6. I was not required to report a predetermined value or direction in value that favors the cause of tM client or any related party, the amount of the value estimate, the allainment 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 '1aluation, or the need: to approve a specific mortgage loan. 7. I 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 Ihe 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. I have personally inspected the Interior and exterior areas of 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 sHe, 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 mark.etab"\t'.i of the subject property. 9. I personally prepared aJl conclusions and opinions about the real estate that were set forth in the appraisal reporL If 1 relled 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 p erformedbytheminthereconciliationsectionofthisappraisal report. I certify that any iru:lil/idual so named is qualified to perform the tasks. l have not aulhorized anyone to make a change to any item in the report; therefore,ifan unauthorized change is made to the appr aisalreport, I wilJtake no responsibility for it SUPERVISORY APPRAISER'S CERTIFICATION: If a supervisory appraiser signed the appraisal report, he or she certifies and agrees I'na\: 1 direclly 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:. 89 Stony Lane, Newburg, PA 17240 Signature: ~Q ~~OUJr~t Name: Stan A. Skowronek Date Signed: February 13. 2001 Slate Certification #: RL-001572-L or State License#: State: PA Expiration Dale of Certification or License: June 30. 2001 SUPERVISORY APPRAISER ~Iy if required) Signature:S -=- ~ f1---IJ Name: Steven W. Barrett, SRPA. SRA Date Signed: February 13. 2001 State Certification #: GA.-o0029&-L or State l.icense #: RB-026921-A State: PA Expiration Date of Certification or License: June 30. 2001 APPRAISER: 00 Old 0 Did Not Inspect Property Certified Residential Appraiser Freddie Mac Form 439 6-93 Certified General Appraiser Page2of2 Fannie Mae Form 1004B 6-93 Proof of Publication of Notice in THE NEWS-CHRONICLE COUNTY OF CUMBERLAND COMMONWEAL 11i OF PENNSYL VANIA NHAA Bartlara C. Thompson, being duly sworn according to law, deposes and says that she is the editor of "The News-Chronicle", which is a bi-wecIdy newspaper of general circulation published in Shippensburg Township, Cumberland County, Pennsylvania, by The News-Chronicle ComJl$llY, a corporation duly or8l'ni7ed and existing under the laws of:the Commonwealth of Pennsylvania having it's principle place of business at 1011 Ritner Highway [p.O.Box lOOJ, Shippensburg, Pennsylvania; that she is anthorized to and does make this affidavit on it's behalf; that the printed notice, advertisement or publication attached heieto is the same as was printed in the regular editions &: issues of ""The News- Chronicle" on the following date(s): TZU\TT1Z!.OY l~ i 2~ r 2QQl / Copy of Notice of Publication Affiant 1iuther depo6es that neither she nor ""The News-Chronicle" and The News- Chronicle Cn"1p'Il)' Ium: any interest in the subject matters of the aforesaid notice or advertisement, and that the facts set forth in the foregoing affidavit are true and correct. y{LIPAL C V/wyWJ~ EXECUTOR'S NOTICE Letters Testamentary on the Estate of William G. Pyle, Sr., late of the Hopewell Town- ship, Cumberland County, Pennsylvania. deceased, hav- ing been granted to the under- signed. All perSons knowing them- selves to be indebted to the said Estate will make payment immediately, and those having claims will present them for settlement to: Carolann Sarah Hibbitts 4 McCard Drive Newark, DE 19713 Sworn and subscribed before me this lS'tl ------ ' dayO! J~ Zr)J/ Orrstown Bank 77 E. King Street Shippensburg, PA 17257 H. Anthony Adams, . Esquire Attorney for ~state 128 E. King Street Shippensburg, PA 17257 (717) 532-3270 Adv. NC Jan. 16,23 +(Z~ 01llIy c Notarial Seal Clayton L Johnston II. Notary Public ,'1 Shippensburg Twp.. Cumberland County My Commission Expires Aug. 30, 2004 To; "THE NEWS-CHRONICLE" Shippensburg, PA 17257 For publishing the notice attached hereto; On the stated date(s) ..... $ 37.00 Affidavit ..............$ 2.00 Total...............e 39.~ CUMBERLAND LAW JOURNAL 2 LIBERTY AVENUE CARLISLE, P A 17013 FEBRUARY 2, 2001 Cumberland Law Journal is published every Friday by the Cumberland County Bar Association and is designated by the Court of Common Pleas as the official legal publication for Cumberland County and the legal newspaper for publication of legal notices. TO: H. Anthony Adams, ESQUIRE William G. Pyle, Sr., ESTATE RE: Legal advertisements must be received by Friday Noon. All legal advertising must be paid in advance. Make all checks payable to: Cumberland Law Journal. ===================================================================== Advertisement inserted on following dates: January 19,26, February 2, 2001 Advertising Cost $ 75.00 Proof of Publication $ 0.00 Second Proof Request $ 0.00 Payment received $ 0.00 Total Amount Due ~75.00 -------- -------- -- Payment received by IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA PETITION FOR GRANT OF LETTERS Estate of William G. Pyle, No. 21-00-10 also known as William G. Pyle Sr. , Deceased Social Security No. 221036714 Orrstown Bank and Carol Hibbitts Petitioner(s), who is/are 18 years of age or older, apply)ies) for' (COMPLETE "A" OR "B" BELOW:) GJ A. Probate and Grant of Letters and aver that Petitioner(s) is/are the execut ors Decedent, dated 9/25/00 and cOdicil(s) dated None named in the Last Will of the State relevant circumstances, e.g., renunciation, death of executor, etc Except as follows, Decedent did not marry, was not divorced and did not have a child born or adopted after execution of the documents offered for probate; was not the victim of a killing and was never adjudicated incapacitated: o B. Grant of Letters of Administration (c.t.a., d.b.n.c.t.a.: pendente lite, durante absentia; durante minoritate) Petitioner(s) after a proper search has/have ascertained the Decedent left no Will and was survived by the following spouse (if any) and heirs: I Name Relationship Residence I (COMPLETE IN ALL CASES:) Attach additional sheets if necessary. Decedent was domiciled at death in Cumberland County, Pennsylvania, with his/her last family or principal residence at 89 Stoney Lane, Newburg, PA 17240 Decedent, then 91 (list street, number and municipality) years of age, died November 23, ,2000, at Manor Care Health Services (Location) Decedent at death owned property with estimated values as follows: (if domiciled in PA All personal property......................................... $ 100,000.00 (if not domiciled in PA Personal property in Pennsylvania .................... $ (if not domiciled in PA Personal property in County.............................. $ Value of real estate in Pennsylvania ........................................................................................ $ 60.000.00 Total ......................................................,................................... .......................... $ 160.000.00 Real Estate situated as follows: 89 Stoney Lane, Newburg, PA 17240 Wherefore, Petitioner(s) respectfully request(s) the probate of the Last Will and Codicil(s) presented with this Petition and the grant of letters in the appropriate form to the undersigned: ((lOr (s1..." Typed or printed name and residence RW.1 Oath of Personal Representative Commonwealth of Pennsylvania County of CUMBERLAND The Petitioner(s) above-named swear(s) and affirm(s) that the statements in the foregoing Petition are true and correct to the best of the knowledge and belief of Petitioner(s) and that, as personal representative(s) of the Decedent, Petitioner(s) will we!! and truly administer the~f ac?r~~~./J / Sworn to and affirmed and subscribed ~~/~ before me this 3rd day of .JANUARY, 2001 C O\.A.~<J.. <\-tb~~ >~)7/ / /;/ (/ ~~ / U .,"L b' /J'd~~~J,{,/ , / / y DECREE OF REGISTER Estate of William G. Pvle. Sr. also known as William G. Pyle Social Security No: 221036714 Date of Death: 11-23-2000 AND NOW, JANUARY 4 2000 , in consideration of the Petition on the reverse side hereon, satisfactory proof having been presented before me, Deceased No. 21-01-10 IT IS DECREED that Letters !XI Testamentary 0 of Administration ((c.t.a., d.b.n.c.t.; pendente lite; durante absentia; durante minoriate) are hereby granted to Orrstown Bank and Carol Hibbitts in the above estate and that the instrument(s), if any, dated September 25, 2000 described in the Petition be admitted to probate and filed of record as the Last Will of Decedent. FEES Letters................................... . $ 235.00 I /' ~ /} ~. . / / /2-' . 1I.7/t. / f../II/~~../"/''- -t'__' ( ~/ . gister of Wills A <p///({ Short Certificates( s) ............... 15.00 Extra Pages ( ) ............... $ $ $ $ $ $ $ $ 9.00 Renunciation......................... . I.T.R....................................... ~~ (~.~ 0Ac;>,...... ~ure JCP Fee ................................. 5.00 Attorney: H. Anthony Adams, Esquire 1.0. No: 25502 Address: 128 E. King Street, Shippensburq, Telephone: (717)-532-3270 DATE FILED: January 3, 2001 ~rp~/ ~/'&/~:~. PA 17257 Inventory ................................ Other ........ .............................. TOTAL .............................$ 264.00 REV 91H(, This is to certify that the information here given is correctly copied fran: an original ce_rrificate of death duly. filed with Local Registrar. The original certificate will be forwarded to the State VItal Records OHlce for permanent filmg. WARNING: It is illegal to duplicate this copy by photostat or photograph. lO"i.R05 Fee for this certificate, $2.00 p 6959817 No. 21-01-10 me as ~~~.~~~~~ Local Registrar NOV 2 8 2000 Date H~OS.t.t3f\...,. 2187 COMMONWEALTH OF PENNSYLVANIA' OEPARTMENT OF HEALTH' VITAL RECORDS CERTIFICATE OF DEATH STRE FlU NUMBER SOCI....L SECURITY NUMBER 1:tN"f .ENT INK NAME OF DECEOENT (FIrSl. MiOdIe. ~l 1. SEX 1. Male Sr, UNDER 1 0JI::f Houtt ! Minut.. PlACE OF OEATI-f (Checll only one iN inS\ruclJonfJ on Oltlet' !IOet HCSPftAL.; 1"..,....0 7. ... FACIUT'V NAME {II noIl1"1s1lMiOn. 0..... stree! and f1Umberl ="",0 91 v",. .. COUNTY OF OERH .,J\ Carlisle ... Cumber land DECEDENT'S USUAL OCCUPlJIOH (~~~~do~=~~r:f It.. Mechanic Itb. Public School DECEDENT'S "''''UNO ADDFlESS (Street CilyfTown, Stale, Zip Code\ DeCeDENT'S ACTUAL RESIDENCE (SMAruc;tlOna on OIher SIde) ... 17.. State PA 89 Stoney Lane "Newburg PA 17240 F.c:THEA'$ NAME (First, Middle, Last) ,..ihlliam Ie INfORMANT'S NAME (T yp6lPrint) _~rolann Sarah Hibbitts METHOD OF DfSPOSlTION BunaI eg CrW'l'\lo1ioft 0 f\.mcMlI trom Stat. 0 0tMf (Speclfyl 17b. Cou \ b. e. d. 'NERE AUlOPSY FINDtNGS -""I!.ABLE PRK)A 'TO COMP\..ETlON OF CAUSE Of 0E.<rH? MA.NNER ~ OEA'TH DATE OF INJURY (Month, Day. \'ear) p( o o 3. 221 03 ,. Nov. 23 I 2000 AACE. Amencan Indi.n. Slack. Whit., eft; ,_> White 1.. MARITAL STATUS. ~.nied Never Man*1. WIdOWtod. ~(SpecifyJ Divorced SURVMNG SPOuSE l"WIf..grvemalO(ll(ll'lMnel Illd -..... Ilvtin. township? He.D ""'.~nlUvedIn - cil'y/!lOro. 19713 Home 23b. 214:. WAS CASE REFERRED TO MEDICAL EXAMINEAICORONER1 M Yo. 0 No Id( H. I Appro_imale PART II: OtMr sic;lnif\eanl. COf'ldltiotW contributtng 10 deatfl. but ; 1r1t..-vaJ bMwftn MOl mulUng in tfWll.lf!derfyinQ cauM QNen in ~ \. I onMl. and dMlh I I TIME OF INJURY INJURY I(r WORK? OESCR1BE HOW INJURY OCCURRED. Ace_nt Pending 1nv.t11g8tlon o o o ~CE OF INJURY. At nom.. larr:, It~. 'actory. office buildlnQ,.te.(~l ,... Narural Ham'ICide .,.. 0 No~ De. 28b. caRTI"IEfltICheclc only onel "CUfT\FY1MG PHYSICIAN (Phy$ICNVI eettityi(lg eause 01 ddth ....,." aMOIhet' phySICian has Dfonouneed deattl ana comQleltH3"1Im 23) To IfM beSt of,"y ItnoWtedge.uatnoceurred due to Ih.-cauh(a) and mannera.atated",............................, .,.,,0 NoD ......... Couk:ll'lOt be delermined to. '~NOUNONG AND CERTIFYING PHYSICIAN (PhySiiCl&f\ bO'h pronouncing death and certilytng tOCilUse 01 death) Tothe~ of my knowMdge, cMatrtoccurredalth.Urne. dat.. and piKe. attd du. to U'\ecau......).ndm.nn.r...talecll.,........................ "ME.OtCAl EXAMINER/COAONER On the ballia of examlnlltlon .ndlot Investlg.t1on, In my opinion, d..th occurred et the tlm.. d.t., .nd plac.. and du. to the eaus.(s) and manne' a. ...t~.... ...... .......... ........,............ ..................................................,...... 31.. AEGISTp.~FrSSIGN"""UFlEANDN~ .. "'.. ~.." . ' "'" L~ \-\ ~............~ f.;;411~ ~ 101 o 32. DATE FILED (Month. 7 ... 21-01-10 . I ' LAST WILL AND TESTAMENT KNOW ALL MEN BY THESE PRESENTS, that I, WILLIAM G. PYLE, of Pennsylvania, being of sound and disposing mind, memory and understanding, do make, publish and declare this my Last Will and Testament, hereby revoking all prior wills and codicils by me at any time heretofore made. FIRST: I direct the payment of all my legal debts, funeral expenses including my grave marker and all expenses of my last illness, state, federal estate and inheritance taxes, administration costs, etc., shall be paid as soon as may be conveniently done following my decease leaving all specific bequests free of tax to the legatee. SECOND: I give, devise and bequeath all my property be it real, mixed or personal, whatsoever and wheresoever situate as follows: a. I give and bequeath to my son, William G. Pyle, all my mechanic's tools found in the wooden cabinet and the Craftsman set. b. I give and bequeath to my son-in-law, Paul Fair, all my guns, hunting equipment and field glasses. c. The rest and residue of my estate, I give, devise and bequeath to my children, William G. Pyle, Shirley Fair and Carol Hibbitts. THIRD: I am aware that no gifts are made in this Will to my daughter, Louise Snead, and that is my intention. FOURTH: I nominate and appoint, Orrstown Bank and Carol Hibbitts, as Executors of this my Last Will and Testament. IN WITNESS WHEREOF, I, WILLIAM G. PYLE, to this my Last Will and Testament, set my hand and official s'this .:as, day of September, 2000. ;f':':) , (' . ~ a ~;~"', +~ ~ t.J.QJ&-. (SEAL) William G. Pyle 6 Sworn to and subscribed, declared and Published by William G. Pyle, as His Last Will and Testament, and so Done in the presence of we the Witnesses, who sign at his request, And in his presence, and in the presence Of each other. --pA1ps~ e~CJ)~ ~~ . . . COMMONWEALTH OF PENNSYLVANIA: :SS COUNTY OF CUMBERLAND I, WILLIAM G. PYLE, whose name is signed to the foregoing instrument, having been duly qualified according to law, do hereby acknowledge that I signed it willingly; and that I signed it as my free and voluntary act for the purpose therein expressed. ,.,. ~~~4?~ Wi liam G. Pyle Sworn to and acknowledged, before me, By William G. Pyle, the Testator, This ..J- day of September, 2000. Notarial Seal Frank E. Koser II, Notary Public South Middleton Twp., Cumberland County My Commission Expires July 7, 2003 Member, Pennsylvar,j" ^,~".,xntlur; U jiC!Tafi"~ " . . . COMMONWEALTH OF PENNSYLVANIA: :SS COUNTY OF CUMBERLAND WE, ~ E. . Fa~uo and ~.().., . ct ~~the witnesses whose names are signed to the foregoing Instrument, being duly qualified according to law, do depose and say that we saw the Testator sign and execute the instrument as his Last Will and Testament; that he willingly and that he executed it as his free and voluntary act for the purposes therein expressed; that each of us in the hearing and sight of the Testator signed the Will as witnesses, and that to the best of our knowledge and the Testator was at the time at least eighteen (18) or more years of age and of sound mind and under no constraint or undue influence. 4E-~ 0~~",)~~~ , . rn to and subscribed before me by, it ' ~. and Ca.r()\CV\o~. ilJ>h, , The witnesses, this A5J.~day of September, 2000. ~ Notarial Seal Frank E. Koser II, Notary Public South Middleton Twp., Cumberland County My Commission Expires July 7, 2003 Member, PennsylvaniaAssoc:atlon at Nmaries ~ --- CERTIFICATION OF NOTICE UNDER RULE 5.6 (a) Name of Decedent: William G. Pyle, Sr. Date of Death: November 23/ 2000 Will No: 21-01-10 Admin. No. To the Register: I certify that notice of beneficial interest required by Rule 5.6(a) of the Orphan's Court Rules were served on or mailed to the following beneficiaries of the above captioned estate on: 2/08/01 Name Address Ms. Louise Sneed 505 E. Highland Ave., Apt. 1 Wilmington, De 19804 Carol Ann Hibbitts 4 McCord Drive Brookside Drive Newark, DE 19713 Shirley Fair 2 Toby's Run Lewes, DE 19958 William G. Pyle, Jr. 12301 Ponder Road Ellendale, DE 19941 Notice has now been given to all persons entitled thereto under Rule 5.6 (a) except: None. ~~ H. Anthony Adams, Esquire 128 E. King Street Shippensburg, PA 17257 Telephone: (717)-532-3270 Counsel for Personal Representatives Date: 2/09/01 ~p..~K TRUST D ,$~ 'J?P-t . "'O~"',>. ~ 1" Q;- ~ O~~@. -' INVESTMENT '~,~ SERVIC~S1~-' P.O. Box 250 SHIPPENSBURG, PA 17257 February 14,2001 Cumberland County Register of Wills Cumberland County Courthouse Carlisle, PA 17013 RE: Estate of William Pyle Estate of Rose Gleason Dear Sir or Madam: Enclosed please find the following checks: $ 8550 - Payment on account for the Estate of William Pyle oL {- 0 J - 10 (000: 11/23/00) $ 5500 - Payment on account for the Estate of Rose Gleason .,z / - 00 -/() 3~ (000: 11/17/00) Please credit the estates for pre-payment of Pennsylvania Inheritance Tax due. Thank you for your assistance. Sincerely, Barbara E. Brobst, CF Vice President & Senior Trust Officer Ene. SHIPPENSBURG OFFICE 77 E. KING ST.. SHIPPENSBURG, PA 17257 (717) 530-2605 . FAX (717) 532-9342 CARLISLE OFFICE 427 STONEHEDGE DR.. CARLISLE, PA 17013 (717) 240-0803 · FAX (717) 240-0804 CHAMBERSBURG OFFICE 625 NORLAND AVE.. CHAMBERSBURG, PA 17201 (717) 262-4288 · FAX (717) 262-4284 COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INOIVIDUAL TAXES DEPT. 280601 HARRISBURG, PA 17128-0601 REV-1162 EX(11-96) RECEIVED FROM: PENNSYL VANIA INHERITANCE AND ESTATE TAX OFFICIAL RECEIPT NO. CD 000185 ORRSTOWN BANK 77 E KING STREET SHIPPENSBURG, PA 17257 ACN ASSESSMENT CONTROL NUMBER AMOUNT -~------ fold 101 $3,258.81 ESTATE INFORMATION: SSN: 221-03-6714 FILE NUMBER: 21-2001-0010 DECEDENT NAME: PYLE WILLIAM G DATE OF PAYMENT: 08/22/2001 POSTMARK DATE: 08/21/2001 COUNTY: CUMBERLAND DATE OF DEATH: 11/23/2000 TOTAL AMOUNT PAID: $3,258.81 REMARKS: ORRSTOWN BANK CHECK#7111 SEAL INITIALS: VZ RECEIVED BY: MARY C. LEWIS REGISTER OF WILLS REGISTER OF WILLS / EJ-/9Y-j COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE BUREAU OF INDIVIDUAL TAXES INHERITANCE TAX DIVISION DEPT. Z80601 HARRISBURG. PA 171Z8-0601 NOTICE OF INHERITANCE TAX APPRAISEMENT, ALLOWANCE OR DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX BARBARA E BROBST ORRSTOWN BNK TR DEPT PO BOX 250 SHIPPENSBURG PA 17257 DATE ESTATE OF DATE OF DEATH FILE NUMBER COUNTY ACN 10-22-2001 PYLE 11-23-2000 21 01-0010 CUMBERLAND 101 '* REY-1547 EX AFP <l2-DDl WILLIAM G Allount Relli Hed MAKE CHECK PAYABLE AND REMIT PAYMENT TO: REGISTER OF WILLS CUMBERLAND CO COURT HOUSE CARLISLE, PA 17013 CUT ALONG THIS LINE ~ RETAIN LOWER PORTION FOR YOUR RECORDS ~ REV=is47-EX-AFP--fi2"--oOY-NO"-icE-OF-YNHEifiTANCi-TAX-APPRAisEHENT-;-ALDiwANCi-oi----------------- DISALLOWANCE OF DEDUCTIONS AND ASSESSMENT OF TAX ESTATE OF PYLE WILLIAM G FILE NO. 21 01-0010 ACN 101 DATE 10-22-2001 TAX RETURN WAS: (X) ACCEPTED AS FILED CHANGED RESERVATION CONCERNING FUTURE INTEREST - SEE REVERSE APPRAISED VALUE OF RETURN BASED ON: ORIGINAL RETURN 1. Real Estate (Schedule A) 2. Stocks and Bonds (Schedule B) 3. Closely Held Stock/Partnership Interest (Schedule C) 4. Mortgages/Notes Receivable (Schedule D) 5. Cash/Bank Deposits/Misc. Personal Property (Schedule E) 6. Jointly Owned Property (Schedule F) 7. Transfers (Schedule G) 8. Total Assets (1) (2) (3) (4) (5) (6) (7) 107.000.00 .00 .00 .00 202.788.82 .00 6.000.00 (8) APPROVED DEDUCTIONS AND EXEMPTIONS: 9. Funeral Expenses/Adll. Costs/Misc. Expenses (Schedule H) 10. Debts/Mortgage Liabilities/Liens (Schedule I) 11. Total Deductions 12. Net Value of Tax Return 13. Charitable/Governllental Bequestsj Non-elected 9113 Trusts 14. Net Value of Estate Subject to Tax 35,948.96 (9) (10) 7.421.88 (11) (12) (13) (14) (Schedule J) I~ an assessment was issued previously, lines re~lect ~igures that include the total o~ ALL ASSESSMENT OF TAX: 15. Allount of Line 14 at Spousal rate (15) 16. Allount of Line 14 taxable at Lineal/Class A rate (16) 17. Allount of Line 14 at Sibling rate (17) 18. Allount of Line 14 taxable at Collateral/Class B rate (18) 19. Principal Tax Due TAX CREDITS: PAYMENT DATE 02-15-2001 08-21-2001 NOTE: NOTE: To insure proper credit to your account. subllit the upper portion of this forll with your tax paYllent. 315,788.82 43.370 84 272.417 .98 .00 272,417 .98 14, 15 and/or 16, 17, 18 and 19 will returns assessed to date. .00 X 00 = 272.417.98 X 045 = .00x12= .00 X 15 = (19)= R CEI T NUMBER AA478016 CD000185 DIS OU (+) INTEREST/PEN PAID (-) 450.00 .00 AMOUNT PAID 8,550.00 3,258.81 TOTAL TAX CREDIT BALANCE OF TAX DUE INTEREST AND PEN. TOTAL DUE . IF PAID AFTER DATE INDICATED, SEE REVERSE FOR CALCULATION OF ADDITIONAL INTEREST. .00 12.258.81 .00 .00 12,258.81 12,258.81 .00 .00 .00 ( IF TOTAL DUE IS LESS THAN $1, NO PAYMENT IS REQUIRED. IF TOTAL DUE IS REFLECTED AS A "CREDIT" (CR), YOU MAY BE DUE A REFUND. SEE REVERSE SIDE OF THIS FORM FOR INSTRUCTIONS.) IN THE COURT OF COMMON PLEAS OF THE JUDICIAL OFFICES OF PENNSYLVANIA CUMBERLAND COUNTY BRANCH In re: Orphans' Court Division No. Estate of William G. Pyle, late of Newburg, Pennsylvania, deceased November 23, 2000 FILE NO. 2001-00010, PA FILE NO. 21-01-0010 FIRST AND FINAL ACCOUNT OF ORRSTOWN BANK SHIPPENSBURG, PENNSYLVANIA, AND CAROL A. HIBBITTS NEWARK, DELAWARE, CO-EXECUTORS DATE OF LAST WILL AND TESTAMENT: SEPTEMBER 25, 2000 DATE OF DEATH OF WILLIAM G. PYLE: NOVEMBER 23,2000 DATE OF LETTERS TESTAMENTARY: JANUARY 4,2001 ACCOUNT STATED FOR THE PERIOD: DECEMBER 6,2000 TO MARCH 8,2002 LAST DATE OF ADVERTISEMENT OF PERSONAL REPRESENTATIVES' APPOINTMENT: JANUARY 4,2001 CUMBERLAND LAW JOURNAL FEBRUARY 2, 2001 THE NEWS CHRONICLE JANUARY 23, 2001 Purpose of Account: Orrstown Bank, Shippensburg, Pennsylvania, and Carol A. Hibbitts, Newark, Delaware, Co-Executors, offer this Account to acquaint interested parties with the transactions that have occurred during its administration of the Estate. The Account also indicates the proposed distribution of the Estate. It is important that the Account be carefully examined. Requests for additional information or questions can be discussed with: Barbara E. Brobst, Vice President and Senior Trust Officer Orrstown Bank P.O. Box 250 Shippensburg, PA 17257 AFFIDA VIT Orrstown Bank Co-Executor William G. Pyle, under the Last Will and Testament of William G. Pyle hereby declares under oath that said Co-Executor has fully and faithfully discharged the duties of its office; that the foregoing Account is true and correct; and fully discloses all significant transactions of principal occurring during the accounting period; that all known claims against the Estate have been paid in full; and that, to their knowledge, there are no claims now outstanding against the Estate. ~sf~ / VICE PRESIDENT/ SENIOR TRUST OFFICER, ORRSTOWN BANK Subscribed and sworn to before me this.1:L day of (YJO ;,,(1 , 2002 IdtVAlLt 0 .~ Notary Public Notarial Seal Patricia A. Corwell. Notary P\J~C St"lippensliur9 Boro. cumberland ~ou~1y My Cornl1\ission ~::.~9. 200 . ---. .' Of Notanes Melnber. PennsylvaMl AssrJCICllIon SUMMARY OF ACCOUNT FIDUCIARY ACQUISITION VALUE PAGE PRINCIPAL Principal Balance on Hand 3 $ 312,318.41 6.423.42 $ 318,741.83 55,936.86 249,037.92 $ 13,767.05 Receipts Net Gain on Sales or Other Dispositions Less Disbursements Less Advance Distributions to Beneficiaries 2 4 INCOME Receipts 3 $ 7,287.98 Less Disbursements 3 65.00 Income Balance on Hand 3 $ 7,222.98 Combined Balance on Hand $ 20.990.03 Distributions to Beneficiaries 4 $ 270.027.95 12/06/2000 01104/2001 01/05/2001 01/08/2001 01/09/2001 o l/09/200 1 02/02/200 I 02/06/2001 02/16/2001 02/28/2001 05/14/2001 06/07/2001 06/07/2001 07/31/2001 08/13/2001 08/28/2001 12/07/2001 12/26/200 1 01/04/2002 RECEIPTS OF PRINCIPAL FIDUCIARY ACQUISITION VALUE Contribution received-transfer from acct. 1701 $ Contribution received-transfer from checking Contribution received-BC/BS-benefits Deposit Real Estate to Account Transfer from IMA Account # 170 I-FHLMC 6.387% Transfer from IMA account # 170 I-Federated Money Market Fund Deposit Personal Property as appraised-household goods Transfer from IMA account # 170 I-Federated Money Market Fund Contribution received-BC/BS-benefits Contribution received-partial transfer from Orrstown Bank Money Market/Checking account # 823732 Contribution received-final transfer from account # 823732 Deposit Personal Property as appraised-guns & hunting equip. Deposit Personal Property as appraised-mechanics tools & Craftman set Contribution received-US Treasury Tax Relief Rebate Contribution received-Erie Insurance refund of premium Contribution received-refund of excess filing fees, courthouse Contribution received-refund of pro-rated real estate taxes Contribution received-partial refund from Associated Cardiologists Contribution received-check from Community Bankers Insurance Agency TOT AL PRINCIPAL RECEIPTS GAINS AND LOSSES ON SALES OR OTHER DISPOSITIONS 8,342.30 264.00 116.30 107,000.00 49,800.58 125,148.21 12,956.00 176.34 20.68 5,000.00 1,161.02 478.00 305.00 225.90 170.00 13.00 963.03 2.10 175.95 $ 312.318.41 GAIN LOSS 02/0 l/200 1 Call of 50,000 shares Federal Home Loan Mortgage Corp Bond Net Proceeds $ 50,000.00 Acquisition Value 49,800.58 199.42 12/07/2001 Sale of 89 Stony Lane Property, Newburg Plus Personal Property @ Appraised Value Net Proceeds $123,500.00 LESS: Sailhamer Real Estate- 6% Realtor's fee 7,410.00 1 % Transfer Tax 1,235.00 Appraised Value of Personal Prop 1,631.00 Appraised Value of Real Estate 107,000.00 6,224.00 NET GAIN/LOSS $ 6.423.42 12/06/2000 o I /04/200 1 01/09/2001 01/09/2001 01/09/2001 01/09/200 ] 02/09/2001 02/14/200 ] 02/16/2001 02/16/2001 02/16/200 I 02/16/2001 02/21/2001 02/21/200 ] 03/06/200 ] 03/09/2001 03/13/2001 04/03/2001 04/12/2001 04/12/2001 04/17/200 ] 05/04/200 ] 05/15/2001 06/04/200 ] 06/12/2001 06/12/2001 06/19/200 I 07/23/2001 07/24/2001 08/06/2001 08/20/2001 08/20/2001 08/20/200 ] 08/24/2001 09/04/200 I 09/14/2001 10/09/2001 10/1 0/200 I 11/09/2001 11/15/2001 12/1 0/200] 12/24/200 I 0] /1 0/2002 DISBURSEMENTS OF PRINCIPAL Robert T. Jones & Foard-funeral expenses Register of Wills, filing fees MCHS Carlisle-Final nursing home bill Associated Cardiologists MSHMC Physicians Group R WC Corporation-Medical bill Dennis L. Gotshall, Auctioneer-Appraisal services Cumberland County Register of Wills, Agent-Estimated Inheritance Taxes News Chronicle Proof of Publication Cumberland Law Journal Dr. Hal Fineburg-services rendered R WC Corporation S.W. Barrett Real Estate Appraisal Services R.T. FOARD Memorial Company-Headstone Engraving GPU Energy-Utilities Cumberland Chimney Sweeps-Deductible for cleaning, repairs, etc. Yellow Breeches EMS-Services Rendered GPU Energy-Utilities United States Treasury-Individual Taxes Due PA Dept. of Revenue-Individual Taxes Due Harry E. Killian-2001 Real Estate Taxes Due, county GPU Energy-Utilities Erie Insurance Group-Home protector Policy premium GPU Energy-Utilities American Homepatient-Services Rendered Dennis L. Gotshall, Auctioneer-Appraisal services Dr. Hal Fineburg-services rendered Harry E. Killian-200 I Real Estate Taxes Due, school GPU Energy-Utilities GPU Energy-Utilities Gary L. Fenton-Mowing Services Rendered Register of Wills, Agent-Inheritance Tax Due Register of Wills-Inheritance Tax Filing Fees Fogelsonger Insurance Agency-Homeowner's Insurance GPU Energy-Utilities Timmon's Oil-Fuel Delivery GPU Energy-Utilities Gary L. Fenton-lawn care @ Stony Lane property GPU Energy-Utilities Fogelsonger Insurance Agency-Dwelling Policy GPU Energy-Utilities GPU Energy-Utilities Anthony Adams, Esquire-Legal Services $ 8,342.30 264.00 5,382.00 2.10 175.67 12.28 65.00 8,550.00 39.00 75.00 ]0.04 53.53 250.00 100.00 60.27 237.75 58.69 24.56 679.00 198.00 352.11 21.61 263.00 21.83 46.90 20.00 ] 93.82 1,653.89 44.04 ]9.73 198.22 3,258.81 28.00 276.83 2.41 383.83 22.84 244.86 19.34 20] .83 12.40 21.37 8,000.00 $ 39,886.86 Reserved: Orrstown Bank, Co-Executor Fee Carol Hibbitts, Co-Executor Fee Closing & Filing Fees 11,820.00 4,000.00 230.00 TOTAL DISBURSEMENTS OF PRINCIPAL $ 55.936.86 2 PRINCIPAL BALANCE ON HAND MARKET VALUE FIDUCIARY ACQUISITION MARCH 8. 2002 VALUE CASH $ 262,804.97 $ 262,804.97 LESS ADVANCE DISTRIBUTION 249.037.92 249,037.92 CASH ON HAND $ 13.767.05 $ 13.767.05 RECEIPTS OF INCOME INTEREST 02/01/2001 03/05/2001 Interest Received on 50,000 par Federal Home Loan Mtg Bond Accrued income balance transfer from William Pyle Acct # 1701 $ $ 700.80 .03 700.83 DIVIDENDS Federated Money Market Fund 02/01/2001-03/04/2002 6,587.15 TOTAL RECEIPTS OF INCOME $ 7.287.98 DISBURSEMENTS OF INCOME 04/1 0/200 1 Orrstown Bank Tax Preparation Fee $ 65.00 TOTAL DISBURSEMENTS OF INCOME $ 65.00 INCOME BALANCE ON HAND MARKET VALUE MARCH 8.2002 FIDUCIARY ACQUISITION VALUE CASH $ 7.222.98 $ 7.222.98 3 DISTRIBUTIONS TO BENEFICIARIES PER LAST WILL AND TESTAMENT OF WILLIAM G. PYLE SR.: TO: Mr. Paul Fair 2 Toby's Run Lewes, DE 19958 Guns, hunting Equipment, field glasses $ 478.00 Mr. William G. Pyle Jr. 12301 Ponder Road ElJendale, DE 19941 All Mechanics tools in wooden cabinet & Craftsman set $ 305.00 One-Third (1/3) of Estate Residue: 09/25/0] Preliminary Distribution from Estate: John Deere Farm Tractor John Deere Lawn Tractor Valued@ Preliminary Distribution from Estate Advance Distribution from Sale of Real Estate Remaining Distribution due from Estate 10,500.00 33,645.63 38,606.01 6,996.68 11/27/01 02/01/02 TOTAL 1/3 DISTRIBUTION Mrs. Shirley Fair 2 Toby's Run Lewes, DE 19958 $ 89,748.32 One-Third (1/3) of Estate Residue: 09/25/0 ] 11/27/01 02/01/02 Preliminary Distribution from Estate Preliminary Distribution from Estate Advance Distribution from Sale of Real Estate Remaining Distribution due from Estate $ ] 0,500.00 33,645.63 38,606.01 6,996.68 TOTAL 1/3 DISTRIBUTION $ 89,748.32 Mrs. Carolann Hibbitts 4 McCord Drive Brookside Park Newark, DE 19713 One-Third (1/3) of Estate Residue: 09/25/0] 11/27/01 Preliminary Distribution from Estate Preliminary Distribution from Estate Personal Property @ Appraised Value Advance Distribution from Sale of Real Estate Remaining Distribution due from Estate $ 10,500.00 32,820.63 825.00 38,606.0 ] 6,996.67 02/01/02 TOTAL 1/3 DISTRIBUTION $ 89,748.31 TOTAL DISTRIBUTIONS TO BENEFICIARIES $270.027.95 4 *"" (// oK STATUS REPORT UNDER RULE 6.12 Name of Decedent: UJr 11,0 VV'. c-' Pl / e..- of Death: U1d3/'dOOO Date ( f or) 0 (O Will No. Admin. No. ;)O() I - Pursuant to Rule 6.12 of the Supreme Court Orphans' Court Rules, I report the following with respect to completion of the administration of the above-captioned estate: 1. State w~ther administration of the estate is complete: Yes I/" No 2. If the answer is No, state when the personal representative reasonably believes that the administration will be complete: 3. If the answer to No.1 is Yes, state the following: a. Did the perso~ representative file a final account with the Court? Yes ~ No . b. The separate Orphans' Court No. (if any) for the personal representative's account is: c. Did the personal representative state an account informally to the parties in interest? Yes No d. Copies of receipts, releases, joinders and approvals of formal or informal accounts may be filed with the Cerk of the Orphans' Court and may be attached to this report. Date: /0 laB/ OJ- , / (17) S'3~) - 3a.-70 Te 1. No. Capacity: Personal Representative ~ounsel for personal representative (MAH:rmf/AM3) .J Cumberland County - Register Of Wills Hanover and High Street Carlisle, PA 17013 phone: (717) 240-6345 Date: 10/08/2002 ORRSTOWN BANK 77 E KING STREET SHIPPENSBURG, PA 17257 RE: Estate of PYLE WILLIAM G File Number: 2001-00010 Dear Sir/Madam: It has come to my attention that you have not filed the Status Report by Personal Representative (Rule 6.12) in the above captioned estate. As per the AMENDMENTS TO SUPREME COURT ORPHANS' COURT RULES, NO. 103 SUPREME COURT RULES DOCKET NO.1, for decedents dying on or after July 1, 1992, the personal representative or his counsel, within two (2) years of the decedent's death, shall file with the Register of wills a Status Report of completed or uncompleted administration. This filing will become delinquent on: 11/23/2002 Your prompt attention to this matter will be appreciated. Thank You. Sincerely, ~ JH/lIU ~j!Ll MARY c. 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