HomeMy WebLinkAbout03-29-06
COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF REVENUE
BUREAU OF INDIVIDUAL TAXES
DEPT. 280601
HARRISBURG, PA 17128-0601
REV-1162 EX(11-96)
RECEIVED FROM:
PENNSYLVANIA
INHERITANCE AND ESTATE TAX
OFFICIAL RECEIPT
MILLER DOUGLAS G
60 WEST POMFRET STREET
CARLISLE, PA 17013
__nun fold
ESTATE INFORMATION: SSN: 171-26-5814
FILE NUMBER: 2105-0029
DECEDENT NAME: CRAIG ROBERT W
DATE OF PAYMENT: 03/29/2006
POSTMARK DATE: 03/29/2006
COUNTY: CUMBERLAND
DATE OF DEATH: 12/29/2004
NO. CD 006496
ACN
ASSESSMENT
CONTROL
NUMBER
AMOUNT
101 I $15.45
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TOTAL AMOUNT PAID:
$1 5.45
REMARKS: IRWIN ET AL
CHECK# 022861
SEAL
INITIALS: VZ
RECEIVED BY:
REGISTER OF WILLS
GLENDA FARNER STRASBAUGH
REGISTER OF WILLS
Inventory of the real an personal estate of
ROBERT W. CRAIG
, deceased
1. RWC Enterprises _l/5th Interest $23,200.00
2. 722 & 724 N. Front Street, 723 River Street, Wormleysburg, PA $421,000.00
3. 225 & 227 S. Third Street, Lemoyne, Pennsylvania 70,000.00
4. 546-548 Bridge Street, New Cumberland/222 S. Third Street, Lemoyne, 416,000.00
PA
$6,752.57
5. American Funds #6302-1617-01
$7,278.36
6. American Funds #6302-1617-04
$30,384.40
7. American Funds - #6302-1617-07
$17,908.12
8. American Funds - #6302-1617-16
$18,622.34
9. American Funds - #6302-1617-33
$1,011,145.79
TOTAL
COMMONWEAL TH OF PENNSYL VANIA
: SS
COUNTY OF CUMBERLAND
Carolyn Gene Craig
, being duly sworn according to law, deposes and says that she is the Executrix of
the Estate of
Robert W. Craig
, late of Middlesex Township
, Cumberland County.
Pennsylvania, deceased and that the within is an inventory made by
Carolvn Gene Craig
, the said Executrix of the
entire estate of said decedent, consisting of all the personal property and real estate, except real estate outside the Commonwealth
of Pennsylvania, and that the figures opposite each item of the Inventory represent it's fair value as of the date of decedent's death.
Sworn and subscribed before me,
<.-1- J....
thisdP { day of March
/t . ~' II /i / /~
i {. ~{~:!rlv/ 17f~ LA. t{.A. ej
Caroly Gene Craig, Executrix
/
3 Pine Tree Drive
New Cumberland, P A 17070
Address
Date of Death
I "NNSY' VAN!A
. Notarial Seal
n f\.~!,en ~. Noel, Notary l'ublic
. Larlllilc ~~or :urnberland County
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12
Month
2004
Year
INSTRUCTIONS
1. An inventory must be filed within three months after appointment of personal representative.
2. A supplement inventory must be filed within thirty days of discovery of additional assets.
3. Additional sheets may be attached as to personalty or realty.
4. See Article IV. Fiduciaries Act of 1949.
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REV.l500 EX + (6-00)
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COMMONWEALTH OF
PENNSYLVANIA
DEPARTMENT OF REVENUE
DEPT. 280601
HARRISBURG, PA 17128-0601
REV-1500
INHERITANCE TAX RETURN
RESIDENT DECEDENT
OFFICIAL USE ONLY
FILE NUMBER
2 1 -05 0 0 0 29
COUNTYC'CDE --:rEAP:-- - - 'N'UMBER- -
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DECEDENT'S NAME (LAST. FIRST, AND MIDDLE INITIAL)
CRAIG
DATE OF DEATH (MM.DD-Year)
ROBERT
DATE OF BIRTH (MM-DD-Year)
W.
SOCIAL SECURITY NUMBER
1 7 1 - 2 6 - 5 8 1 4
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
REGISTER OF WILLS
SOCIAL SECURITY NUMBER
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12/29/2004 02/22/1932
(IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL)
[Xl 1. Original Return
D 4. Limited Estate
[Xl 6. Decedent Died Testate (Anach copy otWiII)
D 9. Litigation Proceeds Received
D 2. Supplemental Return
D 4a. Future Interest Compromise (dateo! death aher 12.12-82)
D 7. Decedent Maintained a Living Trust (AhachcopyolTrust)
D 10. Spousal Poverty Credit (date 01 death between 12-31.91 and 1.1.95)
D 3. Remainder Return (dateotdeathpriorto 12.13.82)
D 5. Federal Estate Tax Retum Required
_ 8. Total Number of Safe Deposit Boxes
D 11. Election to tax under Sec. 9113(A) (Anach Sch 0)
THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO:
NAME COMPLETE MAILING ADDRESS
DOUGLAS G. MILLER ESQUIRE 60 WEST POMFRET STREET
FIRM NAME (II Applicable)
IRWIN & McKNIGHT
TELEPHONE NUMBER
717 249-2353 CARLISLE P A 17013
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1. Real Estate (Schedule A)
2. Stocks and Bonds (Schedule B)
(1)
(2)
(3)
(4)
OFFICIAL USE ONLY
1
986,000.00 i
80,945.79
23,200.00
3. Closely Held Corporation, Partnership or Sole-Proprietorship
4. Mortgages & Notes Receivable (Schedule D)
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5. Cash. Bank Deposits & Miscellaneous Personal Property (5)
(Schedule E)
0.00
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144,040.67 i
(8)
1 ,234,186.46
(6)
6. Jointly Owned Property (Schedule F)
o Separate Billing Requested
7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property
(Schedule G or L)
8. Total Gross Assets (total Lines 1-7)
(7)
9. Funeral Expenses & Administrative Costs (Schedule H)
(9)
66,056.01
1,167,787.01 X _(15) 0.00
343.44 X .045 (16) 15.45
0.00 X .12 (17) 0.00
0.00 X .15 (18) 0.00
(19) 15.45
10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) (10)
11. Total Deductions (total Lines 9 & 10)
12. Net Value of Estate (Line 8 minus Line 11)
13. Charitable and Govemmental Bequests/See 9113 Trusts for which an election to tax has not been
made (Schedule J)
14. Net Value Subject to Tax (Line 12 minus Line 13)
SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES
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15. Amount of Line 14 taxable at the spousal tax
rate, or transfers under Sec. 9116 (a)(1.2)
16. Amount of Line 14 taxable at lineal rate
(11)
(12)
(13)
66,056.01
1,168,130.45
17. Amount of Line 14 taxable at sibling rate
(14)
1,168,130.45
18. Amount of Line 14 taxable at collateral rate
19. Tax Due
20. D
CHECK HERE IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT
>:>. BE SURE TO ANSWER ALL QUESTIONS ON REVERSE SIDE AND RECHECK MATH < <
REV-1502 EX + (6-98)
*'
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF FILE NUMBER
CRAIG ROBERT W. 21 05 00029
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 crocertv which is iointlv-owned with riah! of survivorshic must be disclosed on Schedule F.
SCHEDULE A
REAL ESTATE
ITEM
NUMBER
1.
DESCRIPTION
722 & 724 N. Front Street, Wormleysburg, Pennsylvania
723 River Street, Wormleysburg, Pennsylvania
VALUE AT DATE
OF DEATH
421,000.00
2.
225 & 227 S. Third Street, Lemoyne, Pennsylvania
70,000.00
3.
309 6th Street, New Cumberland, Pennsylvania (held jointly with Carolyn G. Craig)
546 - 548 Bridge Street, New Cumberland, Pennsylvania
222 S. Third Street, Lemoyne, Pennsylvania
ALL ABOVE PROPERTIES SOLD - SETTLEMENT SHEETS ATTACHED
495,000.00
TOTAL (Also enter on line 1, Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
986000.00
REV-1503 EX + (6-98)
.
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE B
STOCKS & BONDS
ESTATE OF
CRAIG
ROBERT
w.
FILE NUMBER
21 05
00029
All property jointly-owned with right of survivorship must be disclosed on Schedule F.
ITEM
NUMBER
1.
DESCRIPTION
VALUE AT DATE
OF DEATH
6,752.57
American Funds #6302-1617-01
2.
American Funds #6302-1617-04
7,278.36
3.
American Funds - #6302-1617-07
30,384.40
4.
American Funds - #6302-1617-16
17,908.12
5.
American Funds - #6302-1617-33
18,622.34
TOTAL (Also enter on line 2, Recapitulation) $
(If more space is needed, insert additional sheets of the same size)
80,945.79
REV-1506 EX + (9-00)
SCHEDULE C-2
PARTNERSHIP
INFORMATION REPORT
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
CRAIG
ROBERT
W.
FILE NUMBER
21 05
00029
1. Name of Partnership RW C Enterprises Date Business Commenced 10/1/1998
Address 607 Market Street Business Reporting Year
City New Cumberland State P A Zip Code 17070-1945
2. Federal Employer I.D. Number
3. Type of Business ProducVService
4. Decedent was a !XI General D Limited partner. If decedent was a limited partner, provide initial investment $
5.
PERCENT PERCENT BALANCE OF
PARTNER NAME OF INCOME OF OWNERSHIP CAPITAL ACCOUNT
A. ROBERT W. CRAIG 20 20
B. ROBERT F. WHALEN 20 20
C. J. BRET DELONE 20 20
D. ROBERT C. HUGHES 20 20
6. Value of the decedent's interest $ 23.200.00
7.
Was the Partnership indebted to the decedent?
If yes, provide amount of indebtedness $
8. Was there life insurance payable to the partnership upon the death of the decedent? ........ D Yes !XI No
If yes, Cash Surrender Value $ Net proceeds payable $
Owner of the policy
D Yes !XI No
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?
D Yes !XI No If yes, D Transfer D 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? . . . . . . . !XI Yes D No
If yes, provide a copy of the agreement.
11. Was the decedent's partnership interest sold? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. D Yes !XI No
If yes, provide a copy of the agreement of sale, etc.
12. Was the partnership dissolved or liquidated after the decedent's death? ................. D Yes !XI 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? ................................ D Yes !XI No
If yes, explain
14. Did the partnership have an interest in other corporations or partnerships? . . . . . . . . . . . . . . .. D Yes !XI 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 MUST BE SUBMITTED 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 4 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.
Continuation of REV-1500 Inheritance Tax Return Resident Decedent
CP,4.IG
Decedent's Name
ROBERT
W.
Page 1
21 05 00029
File Number
Schedule C2-5
PERCENT PERCENT BALANCE OF
PARTNER NAME OF INCOME OF OWNERSHIP CAPITAL ACCOUNT
E. MICHAEL HUGHES 20 20
REV-1510 EX + (6-98)
.
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
SCHEDULE G
INTER-VIVOS TRANSFERS &
MISC. NON-PROBATE PROPERTY
ESTATE OF
CRAIG
ROBERT
w.
FILE NUMBER
21 05
00029
This schedule must be completed and filed if the answer to any of questions 1 through 4 on the reverse side of the REV-1500 COVER SHEET is yes.
DESCRIPTION OF PROPERTY
ITEM INCLUOE THE NAME OF THE TRANSFEREE. THEIR RELATIONSHIP TO DECEDENT AND DATE OF DEATH % OF DECD'S EXCLUSION TAXABLE
NUMBER THE JATE OF TRANSFER. ATTACH A copy OF THE DEED FOR REAL ESTATE VALUE OF ASSET INTEREST VALUE
(IF APP'JCABLE\
1. American Funds #6275-0940-01 27,125.54 100. 27,125.54
2. American Funds #6275-0940-07 34,003.94 100. 34,003.94
3. American Funds #6275-0940-16 30,312.28 100. 30,312.28
4. American Funds #6275-0940-33 37,892.95 100. 37,892.95
5. American Funds #6275-0940-35 14,362.52 100. 14,362.52
6. 53 Shares of Health South (HLSHPK) 343.44 100. 343.44
@ $6.48 = $343.44
TOTAL (Also enter on line 7 Recapitulation) $ 144.040.67
(If more space is needed, insert additional sheets of the same size)
REV-1511 EX+(12-99)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
CRAIG
ROBERT
Debts of decedent must be reported on Schedule I.
W.
21
FILE NUMBER
05
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
00029
ITEM
NUMBER DESCRIPTION AMOUNT
A. FUNERAL EXPENSES:
1. Parthemore Funeral Home & Cremation Services, Inc. 5,058.34
B. ADMINISTRATIVE COSTS:
1. Personal Representative's Commissions
Name of Personal Representative (s)
Social Security Number(s)/EIN Number of Personal Representative(s)
Street Address
City State Zip
Year(s) Commission Paid:
2. Attorney Fees Irwin & McKnight 37,000.00
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 Register of Wills 710.00
5. Accountant's Fees
6. Tax Return Preparer's Fees 500.00
7. Register of Wills - Filing Fee 30.00
8. Closing Costs on 225-227 South Third Street, Lemoyne, PA 1,884.67
9. Closing Costs on 722 & 724 North Front Street/723 River Street, Wormleysburg, PA 9,420.00
13. Closing Costs on 309 6th Street/546-548 Bridge St./222 S. Third Street, New Cumberl 9,928.00
14. Forrester & Co. Real Estate Appraisers 525.00
15. Charles J. Freedman 1,000.00
TOTAL (Also enter on line 9, Recapitulation) $ 66 056.01
(If more space is needed, insert additional sheets of the same size)
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
CRAIG
REV-1513 EX + (8-M\
NUMBER
I.
SCHEDULE J
BENEFICIARIES
FILE NUMBER
21 nl'\
RELATIONSHIP TO DECEDENT
Do Not list Trustee(s)
Spousal
Lineal
Lineal
0002!=l
AMOUNT OR SHARE
OF ESTATE
1,167,787.01
Remainder
171.72
Health South Shares
171.72
Health South Shares
ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET
II. NON-TAXABLE DISTRIBUTIONS:
A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE
ROBERT
w.
NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY
TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under
Sec. 9116 (a) (1.2)]
1.
Carolyn G. Craig
3 Pine Tree Drive
New Cumberland, PA 17070
2,
David L. Craig
302 Earlington Road
Havertown, PA 19083-5531
3.
Amy Craig Martiner
502 Murdoch Road
Philadelphia, PA 19119-1026
1.
B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS
1.
TOTAL OF PART 11- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $
(If more space is needed, insert additional sheets of the same size)
LAST fVILL A2VD TESTAMENT
I, ROBERT \V. CR.:\.IG, of New Cumberland, York County, Pennsylvania, declare this
instrument to be my Last Will and Testament, hereby expressly revoking all Wills and Codicils
heretofore made by me.
1. I direct my executrix to pay all of my debts, funeral and administrative expenses as
soon as may be done conveniently after my decease.
2. I authorize and empower my executrix to sell any realty owned by me at my death, at
either public or private sale, and to give good and sufficient deeds therefor, in fee simple, as I
could do if living.
3. I give, devise and bequeath all of my estate of every nature and wherever situate to my
wife, Carolyn Gene Craig.
4. Should Carolyn Gene Craig be deceased at the time of my death, I give, devise and
bequeath all of my estate, of every nature and wherever situate to David L. Craig and Amy Craig
Martiner, share and share alike.
5. I nominate and appoint Carolyn Gene Craig to be the executrix of this my Last Will
and Testament, she is to serve as such without bond. Should she die before my death, renounce
or refuse to serve for any reason, or die leaving any of my estate unadministered, I nominak and
appoint Roger B. Irwin and James D. Hughes, as substitute executors, also to serve as such
without bond, with the same powers as are given herein to my executrix.
6. I hereby suggest that my personal representative retain the serVIces of Invin,
McKnight & Hughes as attorneys in the settlement of my estate.
IN WITNESS 'WHEREOF, I have hereunto set my hand and seal this
~
,;
day of
August, 2000.
'---;A./ ." .1 ''1. . . 4'~
"l~::;(/:J.,;:r".,t. ~i ..'/;i:::i-' (g~AL)
ROBERT ,'V~. CR.~IG -~
Signed, sealed, published and declared by ROBERT \-v. CR~IG, the Testator above
named, as and for his Last Will and Testament, in the presence of us, who, at his request, in his
presence and in the presence of each other have subscribed our names as witnesses hereto.
")
ACK~O'VLEDG.\IE:\T A~D AFFIDAVIT
\VE, ROBERT \V. CRc\IG, CHERYL L. CLELA:\fD and MARTHA L. NOEL,
the testator and witnesses respectively, whose names are signed to the foregoing instrument,
being first duly sworn, do hereby declare to the undersigned authority that the testator signed and
executed the instrument as his Last Will, and that he had signed willingly, and that he executed it
as his free and voluntary act for the purpose herein expressed, and that each of the witnesses, in
the presence and hearing of the testator, signed the Will as a witness and that to the best of thei:'
knowledge the testator was, at that time, eighteen years of age or older, of sound mind and under
no constraint or undue influence.
COMl\ION\VEALTH OF PENNSYLVANIA
SS:
COUNTY OF CUMBERLAND
Subscribed, sworn to and aCKnO\Vleagea before me by, ROBERT \-V. CRAIG, the
testator herein and subscribed and sworn to before me by CHERYL L. CLELAND and
MARTHA L. NOEL, witnesses, this ! day of August, 2000.
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A. Settlement Statement
U.S. Department of Housing and Urban Development
'R~ .. f"llAR tJA A~^^ ^^^~ DC 1/ \..Illn_1 I:'I/RA\
1. DFHA 2. DFmHA 3. DConv. UnillS. I 6. File Number I 7. Loan Number 8. Mortgage IIISUl1lIlCe Case Number
.4 nVA ( nf"A'''' In. O-i-Ol-iO
C. Note: Thlllonn Is fumllhed 10 give )'OU a a\atomonl of actual IOlIIemoot COlla. Amo<.rnl plld 10 end by lIla a.l\Iomonllgenl are Ihown. I TlUeEllpres$ SeWemenl System
nll1\S mlli<ed "(P.o.e.)' WIl'" paid oullida lIla dot~; lIley a.. &I-.. here lor information IlU'POSIS IIld a,. notlndudad In 1Il1 1Ola1s.
~~~~: II Ie . oim. to kroowtngly maka fll.. ala IlllInlllo !"..!..~n!~. S~ales on INI or anv OIherlimila, Jorm. Penalllat upon .n., .""
D. NAME OF BORROWER: IFP, A GENERAL PAR1NERSHIP
E. NAME OF SEU.ER: Estate of Robert W. Craig
F. NAME OF LENDER: Integrity Bank
334~ Mar1<-et C'..__. f'A_~ Hill. PA 17011 '-
G. PROPERTY ADDRESS: 722 & 724 North Front Street/, Lemoyne, P A 17043
Wonnleysburll Borouih 723 River Street
H. SEITLEMENT AGENT: Supreme Settlement Services, LLC, Telephone: 717-737-8315 Fax: 717-737-9361
'" ~- IPMENT' 161 South 32nd Street Camp Hill. PA 17011
f _. 04!?O!200c;
.1. ~ I .. .. . . .~ I - .- ION: K. !=;IJMMARY OF SELLER'S TRANSACTION:
lJJ-
1M r.:Rn~~ dM ----- III\JT 1')111= TA "~I I ~D.
'111 t'^. ..... 421. 000.00 Ani ('MI,.., 421 000.00
1 II? P"'sallal PrO!l<!rtv AM
1M ... 12 650.13 .ill~
1nA dnd
111~ .1M
. . : n::lirl . . . I hv ~"IIM'n :>,.(":>n...,, ..-
1n1l A""
1117 .107
1 II~ "'''AftII'vA, 04/29/051~ 06/30/05 5d6 59 Ana 04/29/05." 06/30 /05 546.5.!L
1110 dOll
1111 A'II
111 All
11? .Ii?
1?n ,..,,.,"',..,.. 4'\4.1Q1i: 71 .4?n ----- r IMT n. n= Tf"l<:1:1 I I:D. 421 546.5.!!.
?nn A"-lf"ll I RV t"\c A., C~LJ AI ~ Ac '1M 1<] UII ] I(]N~ ,., AII'""I.'T nllF Tn (:.1='1 Fc
?II. !:; 000.00 finl "..._u
?II? Prin...lnol 347.000.00 ~n? .. .". .,,,.. ,14MI 9 420.00
?II~ "" "'M !:vl.IIM 1,.,,",.1 ,'.- ..L'_
?IIA . 79 000.00 I;/1A
Intecrritv Bank
?1I0; 0;1I~
?nIl "'M .
?n7 M7
?nA "IIA
"M 142.10 ",no 142.10
IIn".,loI hv !:I>Il-r . 'It..Me
?10 rlhl/tnwn t.v.. 0; 1 n ('Ih,hn~ "060
'11 01/01/05 In 04/29/M; 473.57 "11 01/01/05'n 04/29/05 473.57
?1? "1'
?1~ 3.600.00 !\1~ 3 600.00
?1d "..
?1'1 "1"
?1~ /;1R
?17 '117
?1A "'0
710 ""0
??n TnTAI ~ 4~5 215 67 !i20 rOTAI o!:nIlI'TIf'lM nil!: ':::1:1 I I:Q 13 635.67
1M I'A<:I-I AT . I=I'?f'lkA Rnn I'A <:1-1 ~J-' , no I=RnM "1=11 1=
~II1 ~ ,Aft. 4341Q/; 71 An1 .. , .I'M 421 546.58
'II? I Mo' 435.215.67 M? . "?I\I 13 635 67
:JO:J 1 018.96 An'1 .. Tf I ~I=II I:R 407.910.91
SUBSTITUTE FORM 109ll SEllER STA TIOMEt-IT; The information contained herein II rnporiant lax InformalJon and ,& being fumlshad 10 tha Inlern" ReyenuI Service. 1f)'OU .r. 'equlred 10 nl I 'ol1Jm
a neglklenca penally" other lendlM wlU be imposed on \'OU If "'is Item Is required \0 b. reported Ind ". IRS dot",",ln.. ...1 n hal nol blAl1 'eported. The CantrlC\ Sal.. Price d8lel1bed on .
'. IIn. 401 .boYe c:oneUtul.. lha Gro.. Proceedl of tIlI& ItIl\UClIon.
,. yoo.... rtlQulred by law to provide ". lettiement agenllFed. Tn If) No: I with )'OU' oorrecIlaxpa,..' Idenlll1c.ollon I>.Jrrbet. 1f)'OU do not pro'oide )'OUr COlTllC\ laxpayer IdentlflcallM
numb.... )'OU mlY be IUbject 10 eM or "'mlnel penelll.llmpoead by law. Under penalll.. rJ pllj\Ky. I o:ar1Ify iIlltllll numberll10wn on Itda Itlllmlnlle my con.cl \UP.,.., Idenlfficellon numbe,.
TIN:_,_ ' ,_-_, SEllER(S)SIGNATURE(S):
SELLER(S) NEW MAILING ADDRESS:
SELLER(S) PHONE NUMBERS: (Hl (W)
I
.<
ZOOITOO@]
a~mq.IOIi amoH panTY 191:6 LI:L LTL yv..J n:u nr.r l'nn""n'Ln
U.S. DEPARTMENT OF HOUSING AND URBAN OiWELOPMENT
File Number: 05-0150
PAGE 2
SETTLEMENT STATEMENT llPV mm_1 nIx/;, Printed ~
l PAID FROM PAID FROM
700. TnTAI . ~ orica U21 000.00 - 1 000.00 BORROWER'S SELLER'S
" -.. , 700\ u 'nl"""'" FUNDS AT FUNDS AT
701 I to RSR Realtors SETTLEMENT SEffiEMENT
70? S 1 000.00 ,<>
701 1 000.00
800. '':' F I rl LOAN
A01 I '\C,
802 I '\C,
-803 Aporai-'AI Fee to Yicki Forrester 1 000 00
AD4 --
80S, nn,.""".n! P,~n . ?nrl !..IIn In Inteari tv Bank 250.00
806, I'ItvvI ~ -" ". . ?nlf I.Atn In Intearitv Bank 15.00
--
An7 .?nrl/,AI" In Intearitv Bank 395.00
ADR . hI /,Ala to Integritv Bank 1 710.00
809. -1dUIn In Intearitv Bank 250.00
.1110. Flt\l>rl r.Art F~~ -1<1 Ufn In Intearitv Bank 45.00
81f In Intearitv Bank 77 .50
900. ITEMS Ol:nl II0l:n RV I RF PAin 1M ." .~~
901 InfA'A.t Fmm In dlll /rl~,
902. UnrlnonA I , for In
903. HOTard Insurance Premium for In
904
905,
1000 WITI-II
1001 mn (/!}! /mI'J
100? mo. /B) ! ImI'J
f003. mn IRl I lroo
..~
,1004. .JYlO.trllS 122.07 lmo
.tOO 5. mn Bll $ 263 891m<>
10M 0.00 0.00
11M '.~,~ ~. -^
1101
1107 .L ....
1103
1104 TalA In<l'''",,'I blnd..r
1,,05. tn Irwin , McKniaht 4 200.00
i 1106 to Nancv M. Fertenbauah 20.00 10.00
11107.
, ,"no \
11108. In Supreme ~"+-+-l""'ent Services 2 463.75
I ... -. tJn' 1
i 11M I 347,000,00 -
i 1110 0MIer'~ Pnlir.v 421 000.00 - 2 463.75
11111 End 100 "'nrl'\M I:,.,fonn In SUJ>reme Settlement Servioes 150.00
1111t?
11,1,3 Ilr 1n Supreme Settlement Service9 35.00
11?M
1,201 38.50 52.50 . R~rA'." t 91 00
/1202 n....,u4 210.00 . ~, . 4 210.00
11120~ o....,u 4 210.00 . 4,210.00
11,704 I of Rent, fn Cumberland County Reoorder of Deeds 25.00
11120~
111'10n ~~TTI
1.301. ~"rv..v
,1130?
1,303 In Dennis P. Freistak Tax Collector 1 464.88
111304 - An,II l~n,l"n.. 10 Borouqh of Wormlevsburq 448.00
1/1400. TnTAI c.SETTLt:M~ I~ I 'AnfA< MII",,_ 1n'1 e..~." ....eM ~. ." 12 650 13 9.420.00
; II Hue CVlTlFICA TION OF BUYER AND SELLER
: b I have co'efully "''''owed !he HUD-l S.tdoment Statemonland to !he bul 0' my knowIedOO and bolle'" M 10 a trua and lICtlM'ale Slalement 01 aU receipts and dlabur..menl$ made on my .ccount or
: I y me ~ till lransactlon. I funhor ~Iy IIlat I h..... recelved . copy dill. HUD-1 Setdemonl SllIlomenL
I /\'J / I (i ,1 ti!
" . I", i~ (, \ jr../
IFP. ^ GENERA(' P^RlfjERSHP --:-:; .,~~ (...i. .-..-.-
, I .
.l&r()fjj/J (JAJ ~4f EjffAffiM
f~~'~ /,
The HU0-1 Seldomenl5lolomenl-.tl1clo I h..... PNP'Nd II Ittue and WAANING: IT IS A CRIME TO KNOWINGLY WJ<E FALSE STATEMENTS TO THE
lexorlte Iccountof lhlo lranoadlon. I h_caused OI'wiII_lhe " UNITED STATES ON THIS OR ANY SIMILAR FORM. PENALTIES UPON CONYICTKlN
'funOa Ie tHo d,lI, 1M, Md" "In~, '-, wflh lhla, JIlIIe, m,' en, i, ,'",. CAN, INCLUDE A FINE AND IMPRISONMENT. FOR DETAILS SEe TITLE 18:
.,,- /1 i! -,' t '. .:/,:1 ,....,.:,."; ..4,.. '.. ',~ \.._--., U.S.CODESECTlON100tANDSECTIONf010.
. " Ii! i \/I.r 1 ' ,I t--- V I.' .'i /.' / .1!t! I_I. 1-
StITLtME:NTAGENI( \.,. ,. ' '" DAlE ~", ii/'ll J.. /-
i\ l.:"I((;.)
;::OOIZOO Qj
a~U31JOm amon n~TTTV Tn~Q '0. IT. 'r~Y.
A. Settlement Statement
U.S. Department of Housinq
and Urban Development ~
,r
OMS No. 2502-0265
B Type of Loan
[J FHA
4 OVA
2. 0 FmHA
5. 0 Conv. Ills.
3. 0 Conv. Unins File Number
802723-CALT
Loan Number
unknown
Mortgage Insurance Case Number
N/A
C. NOTE:Tl1is form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown.
Items ma,ked "p.o.c" were paid outside of closing; they are shown here for informational purposes and are not included in the totals.
D NAME AND ADDRESS OF BORROWER: Valerie A. Spence
, PA
E NAME AND ADDHESS OF SELLER:
Estate of Robert W. Craig
225-227 South Third Street, Lemoyne, PA 17043
F NAME AND ADDRESS OF LENDER:
Vartan National Bank
3601 Vartan Way, Harrisburg, PA 17110
G.PROPERTY
l.OCATION:
225-227 South Third Street
Lemoyne, PA 17043
I L SETTLEMENT AGENT
PLACE OF SETTLEMENT.
TIN
I. SETTLEMENT DA TE:
CAPITAL AREA LAND TRANSFER, LLC
2132 Market Street, Camp HiI/, PA 17011
25-1853477
04/27/2005 I RESCISSION DATE:
SUMMARY OF BORROWER'S TRANSACTION K. SUMMARY OF SELLER'S TRANSACTION -
J.
100 GROSS AMOUNT DUE FROM BORROWER: 400. GROSS AMOUNT DUE TO SELLER:
llJl Contract Sales Price 570 000.00 401 Contract Sales Price $70,000.00
--
102 Personal Ploperty 402. Personal property
103 Settlements charges to borrower: 403.
(from line 1400\ $3,483.25
..
101 404
----------
105 405.
-----._------ ---.-
I'.D.JUSTMENTS FOR ITEMS PAID BY SELLER IN ADVANCE: ADJUSTMENTS FOR ITEMS PAID BY SELLER IN ADVANCE:
lUG City/town tdxes to 406 City/town Taxes to
--_0.
10l Cuunty Taxes 04/27/2005 to 12/31/2005 $194.20 407 County Taxes 04/27/2005 to 12/31/2005 $194.20
--,- $95.25 -----
108. Assessments 04/27/2005 to 06/30/2005 408. Assessments 04/27/2005 to 06/30/2005 $95.25
109 Municipal: 04/27/2005 - 06/30/2005 $142.86 409 Municipal: 04/27/2005 - 06/30/2005 $142.86
110 410.
_.~~------_. --
III 411
112 412
12lJ GHOSS AMOUNT DUE FHOM BORROWER: $73,915.56 420. GROSS AMOUNT DUE TO SELLER: $70,432.31
-------'---
200 AMOUNTS PAID BY OR IN BEHALF OF BORROWER 500. REDUCTIONS IN AMOUNT DUE TO SELLER:
201 Deposit or earnnst money $1,000.00 501 Excess deposit (see instructions)
--
202 Prlllclpal amollnt of new loan(s) $55,200.00 502. Settlement charges to seller (Ime 1400) $1,884.67
-
2ln Existlll\) loan(s) taken subject to 503. Existing loan(s) taken subject to
204 504 Payoff of first mortgage loan
20S 505. Payoff of second mortgage loan
206 506
----~-- ---
20"1 50l.
_.~--
208 508
------~
2118 509
---~._----_..
AD.JUSTMENTS FOR ITEMS UNPAID BY SELLER: ADJUSTMENTS FOR ITEMS UNPAID BY SELLER:
2111 CIty/town taxes to 510 City/town taxes to
1------
211 County taxes to 511. County taxes to
212 Assessments ---
to 512. Assessments to
213 513.
214 514.
215 515
216 516
217 517
---~
218 518
219 519.
220 TOTAL PAID BY/FOR $56,200.00 520. TOTAL REDUCTIONS
ROF~ROWER IN AMOUNT DUE TO SELLER: $1,884.67
300. CASH AT SETTLEMENT FROMnO BORROWER: 600. CASH AT SETTLEMENT TO/FROM SELLER -
301 Gross amount due from borrower (line 120) $73,915.56 601. Gross amount due to seller (line 420) $70,432.31
--
302. Less amount paid by/for borrower (line 220) $56,200.00 602. Less reductions in amI. due seller (line 520) $1,884.67
303. CASH ( ~ FROM) (0 TO) BORROWER: $17,715.56 603. CASH ( o FROM) ( ~TO) SELLER:
$68,547.64
HUD-1 (3-86) - RESPA, HB 4305.2
PAGE'!
l'IJl)~ I If,ev 3/Sb)
OMS 1.0. 250;>~0265
L.
SETTLEMENT CHARGES
700. TOTAL SALES/BROKER'S COMMISSION PAID FROM PAID HWM
BASED ON PRICE $70,000.00 @ %::: BORROWER'S SELLER'S
---~_._-- FUNDS FUNDS
DIVISION OF COMMISSION (LINE 700) AS FOLLOWS: AT AT
711i 10 SETTLEMENT SETTLEMENT
-.--------
702 10
70., 10
-------
7ill to -------
--------~---
70G Cc.mrnlsslon paid al setllement
~-
706
-
800 ITEMS PAYABLE IN CONNECTION WITH LOAN
BOl 1 QCln onginallon fee 2.0000 % to Common",.ea~th Funding WAIVED
_. Nationa~ Bank $552.00
B07 loan dl'SCOlHlI 1.0000 % to Vartan
803 Appr<.llsal fee to Vartan Nationa~ Bank
---
801 Credit report 10 Vartan Nationa~ Bank
805 l enner's inspection fee Vartan National Bank
----
B06 r.l0rlgClge inSlH,:Hlc:e apphc<Jlion fee lu Vartan Nationa~ Bank
807 ASSlllnptlon fee Vartan Nationa~ Hank
BI18 Doc. Prep. Fee to Vartan Nationa~ Bank $395.00
809 Processing F'ee to Commonwea~th Funding $695.00
810 -
Bl1 Poco Review Fee to Law Office of Darrel~ C. Dethlefs $175.00
B 12
813
---.--------.
B 14
_._----
B15
--~--
BI6
-_.-
817
81 B
819
----
820
900 ITEMS REQUIRED BY LENDER lOBE PAID IN ADVANCE:
04/27/2005 05/01/2005 -
901 Illtcresl from 10 @ I day
- ----
902 rll',lrt~age insurance premIum for mos_ to
---
901 tl;1zard Insurance premium for yrs to
-.- - ----
9lJ4 Flood InSlJfanrr prerTllIJ/D for yrs 10
90S
1000 RESERVES DEPOSITED WITH LENDER:
1001 Ilaz<11 d Insurance months @
1002 ~,'(\rly<1ge lnsurance months ij!!
1003 City property !;.Jxes months @~
100d County property ta'(~s months ~~
-------
1 [105 Annual assessments months ~~
100fi rloorj insurance months @
1007 months @
-------------
1008 monlhs @
lOng I\ggreqat" Accounting '"scro\4 Adjustment
1100 TITLE CHARGES
per month
per month
per month
per month
per month
per mOl1lh
per month
per month
1101
110:'
Settlement or cluslng fee 10 CAPITAL AP.EA LAND TRANSFER, LLC
Abstract or IIlle seardllo
Tille €Xamlna!li)rJ to ---
Tille Insurance binder to
l)c.Jcument preparoltlon 10 Irwin McKnight ---
'" $700.00
Nolar}' fees to Michae~ J. Pykosh, Esquire $6.00
----
Attorney's fees to
I
---
I
1103
1104
1105
1106
1107
{lnclut1es alJo've ile:l1S Nunlbers
1108 Title "lSuranee 10 Securi ty ~'i t~e/Capi tal Area Land Transfer, LLC
(Inc.ludes <il.lUve ilerlls Nl.lmbets Basic - 3 End.
1109 l end~r's covel age
$55,200.00
$70,000.00
111:
$55,200.00
$70,000.00
111 (l O'....neJ's COVl":1 ~ge
111 ~
1113
1200. GOVERNMENT RECORDING At lD TRANSFER CHARGES.
1201 Recording fees Deed $40.50 , Mortgage $54.50 , Releases $95.00
121J2 Clly1cuunll' t~)'.lslarnps Deed $700.00. Mortgage $700.00
-
I ~03 Sl31e fa.x/stamps Deed $700.00 , Mortgage : Other $700.00
120,1 Recording Fee for Assignment of Rents $36.50
1205 ---
1300 ADDITIONAL SETTLEMENT CHARGES.
1301 SlJrvey to
13D2 Pesl Hlspectllm 10
---- Co/Boro
1303 Faith Nicola, Tax Col~ect:or ( 2005 Tax) $284.67
n04 Borongll of Lemoyne $200.00
1305
1306
1307
r
140()~ TOTAL SETTLEMENT CHARGES $3,483.25 $1,884.67
IlliJve careulll re"'ewe~lIe ruo.1 Selllement Statement and to the best of my knowledge and belief, It is ~ true and accurate statement of all recelpl~ and dlsb fsernents made
f'n Ill)' ilCCulJl or V by me I till JansaClion I further certify that I have recelv(ed a copy of ~ HUD.1 Seltl ~l~t Statement / //
-- / 2 7 ':,. Seller or 7 tJ
Borrower it > f. ~j KY- -.----- Date -l Agent Date
Valerie A. Spen'ce arolyn G.
Seller or
Burfo/ier Date: Agent: Date:
Seller or
BOllol/,,'er: -. Date. Agent: Date: ---
Seller or
liun ower Date: Agent: Date ---
Tile IIUD 1 Selllemunl Statement which I have prepared is a true and accurate account of this transaction. I have caused or will cause the funds to be disbursed in accordance
WI1Il this statement /
Date:
rJ///') r //..,
SettteMentAgent: _ '//~#" .,_
Michael// RJ[kQsfl, Esquire
Date. 4/z~s
VVAHr~ING: it '0 a wme to knowingly make false statements to the United States on this or any other similar form. Penalties upon conviction can include a fine and impnson-
me;lt For details see Tillet8 U S Code Section 1001 and Section 1010
- ,r
A. B. TYPE OF LOAN:
U.S. DEPARTMENT OF HOUSING & URBAN DEVELOPMENT 1.DFHA 2.DFmHA 3. ~CONV. UNINS. 4.DVA 5.DCONV INS.
6. FILE NUMBER: 17. LOAN NUMBER:
SETTLEMENT STATEMENT BIG52-06
8. MORTGAGE INS CASE NUMBER
C. NOTE: This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown.
Items marked "[POC]" were paid outside the closing; they are shown here for informational purposes and are not included in the totals.
1.0 3/98 (B IG52.06.PFD/BIG52,06/14)
D. NAME AND ADDRESS OF BORROWER: E. NAME AND ADDRESS OF SELLER: F. NAME AND ADDRESS OF LENDER
ROBERT J. BIGGI and ESTATE OF ROBERT CRAIG and INTEGRITY BANK
KEVIN R: BIGGI CAROLYN CRAIG 3345 MARKET STREET
3991 BROOKBRIDGE DRIVE CAMP HILL, PA 17011
MECHANICSBURG, PA 17050
G. PROPERTY LOCATION: H. SETTLEMENT AGENT: 25-1619811 I. SETTLEMENT DATE:
~09 6TH STREET/546-548 BRIDGE ST./ 222 S. THI ANDREW C. SHEELY, ESQ.
EW CUMBERLAND/LEMOYNE, PA 17070-1704 March 24, 2006
CUMBERLAND County, Pennsylvania PLACE OF SETTLEMENT
3414 CHESTNUT STREET
CAMP HILL, PA 17011
J. SUMMARY OF BORROWER'S TRANSACTION K. SUMMARY OF SELLER'S TRANSACTION
100. GROSS AMOUNT DUE FROM BORROWER: 400. GROSS AMOUNT DUE TO SELLER:
101. Contract Sales Price 495,000.00 401. Contract Sales Price 495.00000
102. Personal Property 402. Personal Property
103. Settlement Charges to Borrower (Line 1400) 13,394.50 403.
104. 404.
105. 405.
Adjustments For Items Paid BV Seller in advance Adjustments For Items Paid By Seller in advance
106. City/Town Taxes 03/24/06 to 01/01/07 1,738.60 406. Citv/Town Taxes 03/24/06 to 01/01/07 1 738.60
107. County Taxes to 407. County Taxes to
108. SCHOOL TAX 03/24/06 to 07/01106 1,245.52 408. SCHOOL TAX 03/24/06 to 07/01/06 1,24552
109. Trash 03/24/06 to 04/01/06 17.16 409. Trash 03/24/06 to 04/01/06 1716
110. SEWER & TRASH 03/24/06 to 04/01/06 42.67 410. SEWER & TRASH 03/24/06 to 04/01/06 42.67
111. 411.
112. 412.
120. GROSS AMOUNT DUE FROM BORROWER 511,43845 420. GROSS AMOUNT DUE TO SELLER 498,04395
200. AMOUNTS PAID BY OR IN BEHALF OF BORROWER: 500. REDUCTIONS IN AMOUNT DUE TO SELLER:
201. Deposit or earnest money 7,00000 501. Excess Deposit (See Instructions)
202. Principal Amount of New Loan(s) 480,000.00 502. Settlement Charges to Seller (Line 1400) 9,92800
203. Existing loan(s) taken subiect to 503. Existing loan(s) taken subiect to
204. 504. Payoff of first Mortgage
205. 505. Payoff of second Mortgage
206. 506.
207. 507. (Deposit disb. as proceeds)
208. CR. FOR SIGN RENT 3/24 -8/31/ 26301 508. CR: FOR SIGN RENT 3/24 -8/311 263.01
209. SECURITY DEPOSITS 2,250.00 509. SECURITY DEPOSITS 2,25000
Adjustments For Items Unpaid By Seller Adjustments For Items Unpaid By Seller
210. CitylTown Taxes to 510. City/Town Taxes to
211. County Taxes to 511. County Taxes to
212. SCHOOL TAX to 512. SCHOOL TAX to
213 SEWER 01101/06 to 03/24/06 266.73 513. SEWER 01/01/06 to 03/24/06 266 73
214. TOTAL RENTS 03/24/06 to 04/01/06 1,172.90 514. TOTAL RENTS 03/24/06 to 04/01/06 1,17290
215. 515
216. 516.
217. 517.
218. 518.
219 519.
220. TOTAL PAID BY/FOR BORROWER 490,952.64 520. TOTAL REDUCTION AMOUNT DUE SELLER 13.88064
300. CASH AT SETTLEMENT FROM/TO BORROWER: 600. CASH AT SETTLEMENT TOIFROM SELLER:
301. Gross Amount Due From Borrower (Line 120) 511,43845 601. Gross Amount Due To Seller (Line 420) 498,04395
302. Less Amount Paid By/For Borrower (Line 220) ( 490,952.64) 602. Less Reductions Due Seller (Line 520) ( 13,88064
303. CASH ( X FROM) ( TO) BORROWER 20,485.81 603. CASH ( X TO) ( FROM) SELLER 484,16331
OMS NO 2502 0265 ...:-..
The undersigned hereby acknowledge receipt of a completed copy of pages 1 &2 of this statement & any attachments referred to herein.
I HAVE CAREFULLY REVIEWED THE HUD-1 SETTLEMENT STATEMENT AND TO THE BEST OF MY KNOWLEDGE AND BELIEF, IT IS A TRUE AND
ACCURATE STATEMENT OF ALL RECEIPTS AND DISBURSEMENTS MADE ON MY ACCOUNT OR BY ME IN THIS TRANSACTION. I FURTHER CERTIFY
THAT I HAVE RECEIVED A COPYOF THE HUD-1)SETTLEMENT STATEMENT.
Borrower '" ~~ / /t51(~ Seller ii'- f/ I 1/) (;{/ /1 [:'VI,I ~ 7-1;/c.
ROEiERflJ. 'GY 'j~l) ) . I , ESJ-A " F ReJBERT CRAIG .' . ,; / /
/' ~ i /, j ~ h' 'J ' I, U I
:.-< r ,/' . i '" \ I j} ['" . ,.
KEVIN BIGGI" GARDe N C A G /1 I \",/ " /
TO THE BEST OF MY KN LE TTLEMENT STATEMENT WHICH I HAVE PREPARED IS A TRUE AND ACCURATE ACCOUNT OF THE
FUNDS WHICH WERE EI D OR WILL BE DISBURSED BY THE UNDERSIGNED AS PART OF THE SETTLEMENT OF THIS
TRANSACTION.
T LE NT 0
Settlement Agent
WARNING: IT IS A CRIME TO KNOWINGL AKE FALSE STATEMENTS TO THE UNITED STATES ON THIS OR ANY SIMILAR FORM. PENALTIES UPON
CONVICTION CAN INCLUDE A FINE A MPRISONMENT, FOR DETAILS SEE: TITLE 18 U.S. CODE SECTION 1001 & SECTION 1010.
L. SETTLEMENT CHARGES
700. TOTAL COMMISSION Based on Price $ @ % PAID FROM PAID FROM
Division of Commission (fine 700) as Follows: BORROWER'S SELLER'S
701.$ to FUNDS AT FUNDS AT
702. $ to SETTLEMENT SETTLEMENT
703. Commission Paid at Settlement
704. TRANSACTION FEE to
800. ITEMS PAYABLE IN CONNECTION WITH LOAN
801. Loan Oriqination Fee % to
802. Loan Discount % to
803. Appraisal Fee to INTEGRITY BANK 2,05000
804. Credit Report to
805. Lender's Inspection Fee to
806. Mortqaqe Ins. App. Fee to
807. FLOOD CERT FEE to INTEGRITY BANK 4@15.00 60.00
808. LOAN COMMITMENT FEE to INTEGRITY BANK 2,400.00
809. DOCUMENT PREP FEE to INTEGRITY BANK 250.00
810.
811.
900. ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE
901. Interest From 03/24/06 to 04/01/06 @ $ /day ( 8 days %)
902. Mortgage Insurance Premium for months to
903. Hazard Insurance Premium for 1.0 vears to
904.
905.
1000. RESERVES DEPOSITED WITH LENDER
1001. Hazard Insurance months (Q) $ per month
1002. Mortqaqe Insurance months @ $ per month
1003. City/Town Taxes months @ $ per month
1004. Countv Taxes months @ $ per month
1005. SCHOOL TAX months @ $ per month
1006. months (Q) $ per month
1007. months @ $ per month
1008. AGGREGATE ESCROW ADJUSTMEI months (ci) $ per month
1100. TITLE CHARGES
1101. Settlement or Closinq Fee to
1102. CLOSING PROTECTION LETTER to FIRST AMERICAN TITLE INSURANCE COMPANY 3500
1103. Title Examination Search/HUD to TRI-COUNTY ABSTRACT SERVICE 375.00
1104. Title Insurance Binder to
1105. ATTORNEYS' FEES to IRWIN & McKNIGHT 4,95000
1106. Notarv Fees to Cash 12.00 800
1107. Attorney's Fees to ANDREW SHEELY, ESQ. 1,40800
(includes above item numbers: )
1108. Title Insurance to TRI-COUNTY ABSTRACT SERVICE AGENT 1 43600
(includes above item numbers: )
1109. Lender's Coverage $ 480,000.00 105097955
1110. Owner's Coverage $ 495,000.00 1,436.00 104505925
1111. ENDORSEMENTS 1003008.1 to TRI-COUNTY ABSTRACT SERV ICE 150.00
1112.
1113.
1200. GOVERNMENT RECORDING AND TRANSFER CHARGES
1201. Recording Fees: Deed $ 156.00; Mortga!Je $ 60.50; Releases $ 216.50
1202. City/County Tax/Stamps: Deed 4,950.00' Mortqaqe 4,95000
1203. State Tax/Stamps: Revenue Stamps 4,950.00; Mortqaqe 4,950.00
1204. ASSIGNMENT OF RENTS AND LEASES to CUMBERLAND Countv Reqister of Deeds 27.00
1205. TAX CERT FEES to TRI-COUNTY ABSTRACT REIMBURSEMENT 25.00
1300. ADDITIONAL SETTLEMENT CHARGES
1301. Survey to
1302. Pest Inspection to
1303. BALANCE DUE ON SEWER to BOROUGH OF LEMONYE 222S. THIRD & REAR 20.00
1304.
1305.
1400. TOTAL SETTLEMENT CHARGES (Enter on Lines 103, Section J and 502, Section K) 13,39450 9,92800
By signing page 1 of thIS statement, the slgnatones acknowled~e receipt at a completed copy of page 2 of thiS two page;~ ... ~
.. 5J /11
~ VL-.. P / 'j
~~EMENT OFFICER" 7
Certified to be a true cop . ettlement Agent ,
Page 2
y
I
( BIG52-06/ BIG52-06 /14 )
WIEj\jKEN & ,\SSOClr.TES
21" SE,'\1';TE AVENUE, SUITE 303
C A .:vI PHI L L, P i\ 7 0 : ]
717-763-7365
717-763-7684FAX
FACSIMILE TRA~SSnTT. AL SHEET
TO '.
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F"-OM:
W'himey Willi~r
FAX NUMBER:
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DATE I /J:> 7 6$
TOTAL NO. 01 rAGES INCLUDING COVER
PHONe NUMBER.:
SENDER'S :tEi'ERENCE NIJMBE;!,:
717-763-7365 ext 358
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. 'fOllR REFEReNCE NUwIBE.:t:
~
o URGENT 0 FOR REVIEW
o "tEASE COMME~T 0 PLEASE REPLY
o PLEASE RECYCLE
TIll,,; fax tr;msrni~oion may COntain information that is ?ropn"-C:lrj, privileged, and I Or 'confidential and is int.ended
only fOl: the personal mdc;onfidential us"- of the p"-r3oa(s) to whom it is ;tdclre~~ed. Any u;;e, copying rete.'1Uon Ol:
disclo~ure by any person oth'a than the intended recipient or tb.e intended recipient's d<:.s:gnc:::<:s is stric;tly
prohibited. If yeu rcc;eiv::: this me~sage in error, please notllY the 3endel: immediately by rerum fax or tdephone
and dcstJ;oy all c;opies.
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1/10/2005 10:09 AM PAGE
2/3
RightFax
PAGE 02/03
Jil AmeriCBIl Funds"
Aml!Mtc.. rund. fe/Vlce ComlMlRy
PO$? Offlce Bax 22iK>
Norfolk, Yrrglnla 23501-2280
amet1CQn1IJMS.com
TIM MORRISON'
MML INVESTORS SERVICES me
~o W SHORE OFFICE CTR
:!14 SENAtE A VB STE 303
CAMP Im.LPA 17011.2336
Jallllary 10, 2005
Re: WS&hington Mutunllnvestors Fund _ A
The Investment Company of Americ3 - A
New Per.;pet;tive Fund - A
EuroPaciGt Growth Fund ~ A
Capital World Growth and Incom.e Fund - A
Accotll1t #:6302-161 7-01/04/07/16/33
ROBER T W CRAIG
P ArrOD
CAROLYN G CRAIG
Dear Mr. Morrison:
We l'ecently received an i.nquiry regMding the balance of account #6302-1617-01/04/07/16/33.
TIle table below reflects the sbare balance. per share net aS8et value (N../\ V), and total value of the account OJ) the
dates requested:
DAt.e Account Number Sbare Balance NA V Per Share total Value
09/29/04 6302-16t7~Ol 216.041 $29.34 $ 6.338.64
09/29/04 6302-.1. 617-04 232.676 28.96 6,738.30
09/29/04 6302-1.617-07 1,087.749 24.81. 26,987.05
09129/04 6302.16l7-t6 498.495 31.69 15,797.31
09129/04 6302-t (iI7.33 533.298- 30.83 16,441.58
12/29/04 6302-1617-01 21.8.955 30.84 6,752.57 ~ ~Olq45,11
12/29/04 6302-1617-04 236.387 30.79 7,278.36
12129/04 6302-1617-07 1,098.099 27.67 30,384.40
12/29/04 6302-1617-16 505.879 35.40 17,908..l2
12/29/04 6302-16l7-33 551.283 33.78 18,622.34
MutlJal.fbnd i'ihm-e priCC9 vary with the fltlctuations of finll1;lcinl market shnrepriecs. Th.e prices of the funds are
found in the financial pages of most metropolit<m newspaper.s under American Funds in the Mutual FundS'
listu,gs.
APPRAISAL OF REAL PROPERTY
LOCATED AT:
607 Market Street
New Cumberland Borough, Cumberland County
New Cumberland, PA 17070-1945
FOR:
Irwin & McKnight
60 West Pomfret Street, Carlisle, P A. 17013
ATIN: Doug Miller
AS OF:
March 08, 2006
BY:
Vieki B. Forrester, GRI-Broker
PA State Certified General Appraiser
GA-OO 1580-L
Forrester & Co. Real Estate Appraisers
Form GA2 - "WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMODE
File No 06-126
March 17,2006
Forrester & Co. Real Estate Appraisers
359 East Market Street
York, PA. 17403
Irwin & McKnight
60 West Pomfret Street
Carlisle, P A 17013
ATTN: Mr. Doug Miller
Re: 607 Market Street, New Cumberland, P A. 17070-1945
Owner: RWC Enterprises
Dear Mr. Miller:
Pursuant to your request, I have prepared a SUMMARY APPRAISAL REPORT of the above referenced
property. The accompanying report is based upon a site inspection of the improvements; investigation of the
subject neighborhood area of influence; and, review of sales, cost and income data for similar properties. This
report is for the sold and exclusive use of Irwin & McKnight, the client, to assist with estate planning. The
intended purpose of this appraisal is to estimate the current market value of the subject property as of the date of
my inspection on March 08, 2006. No third parties are authorized to rely upon this report without the express
written consent of the appraiser.
The statements of fact contained in this report are true and correct. The reported analyses, opinions, and
conclusions are limited only by the reported assumptions and limiting conditions, and are my personal, impartial,
unbiased professional analysis, opinion and conclusion. I have no present or prospective interest in the property
that is the subject of this report, and no personal interest with respect to the parties involved. My engagement for
this assignment was not contingent upon developing or reporting predetermined results and my compensation for
completing this assignment is not contingent upon the development or reporting of a predetermined value or
direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a
stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal.
The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly
authorized representatives. This appraisal has been made with particular attention paid to applicable
value-influencing economic conditions and has been processed in accordance with nationally recognized
appraisal guidelines and in conformity with the Code of Professional Ethics and the Uniform Standards of
Appraisal Practice. The value conclusion stated herein is "as of' the effective date, as stated in the body of the
appraisal. I have made a personal inspection of the property that is the subject of this report and have not
received significant professional assistance from any individuals. The appraiser is not a home inspector. This
report should not be relied upon to disclose any conditions present in the subject property. The appraisal report
does not guarantee that the property is free of defects. A professional home inspection is recommended if the
client has a concern. This report is invalid as an appraisal without the inclusion of all pages listed in the Table of
Contents.
Please do not hesitate to contact me if I can be of additional service to you, and thank you for your business.
Respectfully,
~~~
Vicki B. Forrester, Broker
P A State Certified General Appraiser
GA-001580-L
Form DCVR - 'WinTOTAL' appraisal software by a la mode, inc. -1-800-ALAMODE
SUMMARY OF SALIENT FEATURES
Subject Address 607 Market Street
Legal Description Deed Book 00187, Page 00883
- City New Cumberland
~ County Cumberland
State PA
lip Code 17070-1945
Census Tract 0108.00
Map Reference 21-B4
: Sale Price $ N/A
Date of Sale N/A
Borrower 1 Client Irwin & McKnight
Lender N/A
Size (Square Feet) 1,271
Pnce per Square Feat $
Location A vcrage
Age 76+1-
- Good
- Condition
Total Rooms 7
-
Bedrooms 2
Baths 2
Appraiser Vieki B. Forrester. GRI, Broker
Date of Appraised Value 03/08/06
Final Estimate of Value $ 116,000
Form SSD - "Win TOTAL" appraisal software by a la mode, inc. -t-800-ALAMOOE
Forrester & Co. Real Estate Appraisers
The purpose of this summary appraisal report is to provide 'he lender/client with an accurate, and adecuately supported, opinion of the llarket value of 'he subject propeny
Propertv Address 607 Market Street City New Cumberland State PA Zip Code 17070-194:
Borrower N/ A Owner pf Public Record RWC Entemrises County Cumberland
Leoal Descnption Deed Book 00187 Pal!e 00883
Assessor's Parcel # 25-24-0811-055A Tax Year 2006 RE Taxes $ l,I9128
Neinhborhood Name New Cumberland Boroul!h Map Reference 21-B4 Census Tract 0 I 08.00
Occupant il Owner (XJ Tenan! :-. Vacant SpeCial Assessments 5 0.00 i' PUD HOA S 000 ,_ ' per year r Der momh
.. Prooertv Riohts Aooraised iY Fee Simole I Leasehold ,i Other ,descnbe;
Assionment Tvpe '~ Purchase Transaction Refinance Transaction c><J Other (describe) Estate valuation.
Lender/Client Irwin & McKni 'ht Address 60 West Pomfret Street Carlisle PA. 17013
Is the sub,ect oropertv currentlv offered for sale or has it been offered for sale in the twelve months prior to the effective date at this appraisal? n Yes [g No
Repon data source(s) used, offenno pncelsl. and date(sl. Multiolc listing records.
10 did Z did not analyze the contract for sale for the subject purchase transaction. Explain the resu~s of the analysis of the contract for sale or why the analysIs was not
I pertorrred
: Contract Price $ N/ A Date of Contract N/ A Is the propertv seller the owner of public record? I I Yes l J No Data Source(s) N/A
Is there any financial assistance (Ipan charges, sale concessions, gih or downpayment assistance, etc.) to be paid by any party on behalf of the borrower? DYes C No
. ff Yes, report the total dollar amount and descnbe the items to be paid. N/A
Note: Race and the racial composition of the neiahborhood are not appraisal factors,
Nelahborhood Characteristics 2-4 Unlt Housina Trends 2-4 Unit Housing Present Land Use %
Location il Urban [Xl Suburban o Rural Propertv Values [Xl Increasino I I Stable I I Declinino PRICE AGE One-Unit 55 %
Bui~-Up 0 Over 75% [>:;J 25-75% o Under 25% Demand/Supplv 0 Shonaae [><:J In Balance 0 Over Supplv $ (000) (yrs) 2-4 Unit 20 %
_ Growth il Rapid [Xl Stable rl Slow Marketino Time I I Under 3 mths IXI 3-6 mths I lOver 6 mths <40 Low 5 Mu~i-Familv %
. Neiahborflood Boundanes The annraiser has indicated the neil.!hborhood boundaries on a 400+ High 100+ Commercial 15 %
. neil'hborhood man which is included in the addendum of this renort. 110-175 Pred. 35-65 Other 10 %
~ Nelohborflood Descnption The subiect has easy access to all necessary sunnortinl.! facilities includinl.! schools, oubhe parks
.. transnortation shonninl.! and nlaees ofworshin. Emnlovment stability is l.!ood due to the State Canitol at Harrisburg the Navv
Sunnlv Deoot in Mechaniesbun!. the Defense Distribution Center in New Cumberland and the exnandinl.! West Shore Area. The
Defense Distribution Center and Canitol City Aimort arc located annroximatelv one mile southeast. The subject (See Addenda)
Mar1<et Conditions (includinQ sup pan for the above conclusions) The search of eoWltv tax records and the multinle listinl.! service shows that oriees
are increasinl.!. The MLS indicates that the tvoieal multi-familv nroocrtv sells within 3 to 6 months. Sufficient financing available
due to the current cost ofmortl.!al.!e monev which increases the level ofaffordabilitv. Mortl.!al.!e funds arc readilv available from a
variety of sources with conventional fixed rate (30 yr term) loans averaging 6.75% to 7.5%. with up to 3 points. (See Addenda)
DimenSions 25'4" x 138'8" x 25'4" x 141 '8" Area .08 acre Shape Rectanl.!Ular View A vera 'e street
Soecrtic Zonina Classification "e" Zonlna Descriotlon Commercial
Zonino Compliance :><'J Leaal "J Leoal Nonconformino IGrandfathered Use) 0 No Zonina [] IIleaalldescribel
Is the hiahest and best use of sublect prooertv as improved (or as proposed per plans and SPecifications) the present use? iX Yes I I No If No, descnbe
Utilnies Public Other (describe) Pubiic Other (describe) OIf-sne Improvements - Type Public Private
Electncitv [>:;J 02 100 Amn Sves. Water [>:;J 0 Street Macadam .2<] D
Gas txl 0 Sanitary Sewer [>:;J 0 Alley Twentv (20') foot Z 0
FEMA Special Flood Hazard Area DYes ~ No FEMA Flood Zone C & B FEMA Map # 4203660001 B FEMA Map Date 211611977
Are the utilities and/or off-Site improvements typical lor the market area? .:2:] Yes DNa If No, describe
Are there anv adverse site conditions or eXTernal factors leasements, encroachments, environmental conditions, land uses, etc.)? ] Yes [g] No If Yes, describe
General DescriDlion Foundation Exterior Description materials conainon Interior matenals/condition
Un~s [Xl Two il Three ' '1 Four -, Concrete Slab 'Xl Crawl Space Foundation Walls Stone/ A veral.!e Floors VCT-Cnt-Vvl/G
l Accessory Unit (descnbe below) l Full Basement [Xl Panial Basement Extenor Walls Vinyl/Good Walls Plaster/Gd
# of Stories 2 # of bldos I Basement Area 564 sq.h. Roof Surtace Asnhalti A veral.!e Trim/Finish Painted W oodl A
Tvpe rl Del. r l An. [Xl S.DetJEnd Unit Basement Finish Unlinished % Gutters & Downspouts Aluminum/Avl.! Bath Floor Vinvl/Gd
. [Xl ExistinQ 0 Proposed n Under Canst [>:;J Outside Entry/Exit o Sump Pump Window Type Wood SH/Avl.! Bath Wainscot Fibef<7Ias-Cer Tl
Desion (Style) Two Unit Evidence of D Infestation Storm Sash~nsuiated Storm Units/Avg Car Storaae
Year Built 1930 o Dampness o Settlement Screens Yes/Av.l.! [>:;J None
Effective Age (Vrs) 76 +/- Heatina/Coolina AmeIlilies o Dnveway # of Cars
Attic l None o PNA 10 HWBB 10 Radiant o Rreplace(s) # o Woodstove(s) # Dnveway Surtace N/A
o Drop Stair [>:;J Stairs ~ Other Steam I Fuel Gas & HIP I Patio/Deck [] Fence o Garage # of Cars
I!!II'XI Floor Il Scuttle Coolino [Xl Central Air Conditionino I Pool [Xl Porch Covd Fmt Carport # of Cars
~ [] Rnished o Heated n Individual In Other o Other OAtt. o Det n 8ui~-in
# of Appliances I Refrigerator 2 I Range/Oven 2 Dishwasher I Disposal Microwave I Washer/Dryer Other (describe)
Unit # 1 contains' 4 Rooms I Bedrooms I Bath s 666 Square Feet of Gross living Area
Unit # 2 contains: 3 Rooms I Bedrooms I Bath s 605 Square Feet of Gross living Area
Unit # 3 contains' Rooms Bedrooms Bath s Souare Feet of Gross LiVing Area
Unit # 4 contains: Rooms Bedrooms Bath s Souare Feet of Gross livlno Area
Additional features Ispecial enerov efficient items, etc.) The buildinl! has been undated with fresh Iv nainted interior walls' some new tloorinp'
undated kitchens with newer eabinetrv and formiea counters' and. second tloor has undated bath with newer vinvl and new heat
numn with central air within the last five vears.
Describe the condition of the property (includinq needed repairs, deterioration, renovations, remodelinq, etc). The construction qualitv is tvoical for most
nronerties in this area that arc similar to the subieet in al.!e. The subieet imnrovements have been verv well maintained and undated
with minimal deferred maintenance. Additional features include a tront covered noreh.
Small Residential Income Property Appraisal Report
Craig
File # 06-126
Freddie Mac Form 72 March 2005
Page 1 of 7
Fannie Mae Form 1025 March 2005
Form 1025 - "WinTOTAL" appraisal software by a la mode, inc. -1-800-ALAMOOE
Are tnere any pnyslcal deficiencies Dr adverse conditions tnat affect:t1e livability. soundness. or structural integrity of ttle prooertv? , Yes 'X' No If Yes. describe
Does tne property qenerally conform to 'ne neiqhbornood ifunctional utility, style. condition. use. construction, etc)? IXJ Yes G No ~ No. describe.
0
Is ttle property subject to rent control? n Yes !Xl No If Yes. descnbe
The following properties represent tne most current, Similar, and pro~mate comparab~ rental properties to tl1e sublect properly. This analysis is intended to support the
opinion of tne market rent for tne subject property.
FEATURE I SUBJECT COMPARABLE RENTAL # 1 COMPARABLE RENTAL # 2 COMPARABLE RENTAL # 3
Address 607 Market Street 615 Bosler A venue 134-136 Bridge Street 307 Tenth Street
New Cumberland. PA 17070-1 Lemovne New Cumberland New Cumberland
Pro~mitv to Subiect 1.73 miles NW 0.5 miles SE 0.25 miles NW
Current Monthly Rent $ 900 1$ 895 >i::'" 1$ 1 805 1$ 920
Rertt/Gross Bldq Area $ 0.71 sqft 1$ 0.74 sqft i'V $ 0.52 so.ft 1$ 0.63 soft
Rent Control ::J Yes ,:><1 No ! Yes I8J No DYes i:><J No DYes [5<:] No
Data Source(s) Listing A!!ent Lstn!! Agent. MLS' Crt Hs Rer Lstng Agent. MLS' Crt Hs Rer Lstng A 'ent. MLS: Crt Hs Rer
Date of Lease(s) Unknmvn Unavailable Unavailable Unavailable
: Location A veragc Equal Equal Equal
Actual Aae 76 +1- 81 +1- 96+1- 84+1-
Condition Good Equal Equal Equal
Gross Buildina Area I 271 1204 3455 1456
Rm Count Size Rm Count Size Montnly Rent Rm Count Size Monthly Rent Rm Count Size Montilly Rent
.. Unrt Breakdown Sq Ft Sq Ft Sq Ft. Sq Ft
Tat Br Ba 1271 Tot Br Sa 1204 895 Tot Br Ba 3455 I 805 Tat Br Ba 1,456 920
Unit # 1 4 I I 666 3 I I 602 $ 460 3 I I 700 $ 475 3 I I 728 $ 460
0 Unit # 2 3 I I 605 3 I I 602 $ 435 3 I I 976 $ 450 3 I I 728 $ 460
Unit # 3 $ 4 2 I 700 $ 450 $
Unit # 4 $ 3 I I 1079 $ 430 $
Utilities Included Hcat and electric. Heat and clectric. Electric Heat and Hot Water Heat and electric.
Analysis of rental data and support for estimated market rents for the individual subject units reported below (including tne adequacy of the camparables, rental concessions,
etc.) Numerous comoarable rentals were studied in order to estimate the market rent for the individual subieet units. The above
dctailed rentals arc all located in close oroximitv to the subieet oroperty. The improvcments listed above are comparable to the
subieet in oualitv and a\!e. Comparable unit sauare footagels) are estimated from agcnt sunnlied data and/or tax rccord data. Thc
subiect rental units are leascd with the tenant paving for hcat and electric. The current rental income is supported bv markct data.
Rent Schedule: The appraiser must reconcile the applicable indicated montnly market rents to provide an apinion of the market rent for each unrt in the subject properly.
Leases Actual Rents Opinion of Market Rent
Lease Date Per Unit Total Per Unit Total
Unit # Beain Date End Date Unfurnished Furnisned Rents Unfurnished Furnished Rents
1 Mo.-to-Mo. Mo.-to-Mo $ 450 S $ 450 $ 465 $ $ 465
. 2 Mo.-to-Mo. MO.-to-Mo. 450 450 465 465
3
4
Comment on lease data Leases were not Total Actual Manthly Rent S 900 Total Gross Monthly Rent $ 930
. 'provided to the aDDraiser. Info. orovided Other Montilly Income (itemize) $ Other Monthly Income (itemize) $ 0.00
verballv bv one of the owners. Total Actual Momnly Income $ 900 Total Estimated Montnly Income $ 930
.. Utilities included in estimated rents n Electric [5<J Water [5<J Sewer o Gas . J Oil [:><:J Trash collection o Cable o Other
Comments on actual ar estimated rents and other monthly income including personal property) Your aDnraiser thorough Iv researched the market area and
numerous current market rents. The estimated 2TOSS notential income for the sub'ect pronertv is based on market rents and expenses known to
! your annraiser. The subject's immediate neighborhood is annealin" due to its central location with convenience to shopping transportation and
emnlovment. The market area has en'ovcd favorable occunancv rates with minimal vacancy: and. has stabilized rental rates. The current rental
income is supported bv market data. adiusted sli"htlv unward to reflect current market trends..
I IX1 did i l did not research tile sale or transfer history of the sublect orooertv and comoarable sales. If not. explain
My research n did [8J did not reveal any prior sales or transfers of the subiect property for lhe three years prior to tf1e effective date of this appraisal.
Data Sources) Decd Court House Records MultiDIe Listing Service
My research I8J did I I did not reveai any prior sales or transfers of Ine comparable sales far tne year prior to the date of sale of the comparable sale.
o Data Sources) Court House Records Multinlc Listin!! Service
Report tf1e results of tl1e research and analysis of the prior sale or transfer history of tl1e sublect properly and comparable sales (report additional prior sales an page 3).
ITEM SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3
Date of Prior SalelTransfer None Nonc None None
Price of Prior Sale/Transfer N/A N/A N/A N/A
o Data Source!s) Court House Records Court House Records Court House Records Court House Rccords
Effective Date of Data Sourcels) 03117/06 03117/06 03/17/06 03/17/06
Analvsis of prior sale or transfer history of tne sub'ect property and comparable sales Prior sales of the comparable Dropcrties oceurred marc than onc
year ago exccot sale #4 which was aeauired on 01/05/05 for $70 000. This sale was relistcd on 03117/06 for $127 500 and is
currentlv available on the ODen market Thc subiect is not current Iv listcd or vending sale' and. has not transferred within thc last
thrcc vears.
Small Residential Income Property Appraisal Report
Craig
File # 06-126
Freddie Mac Form 72 March 2005
Page 2 of 7
Fannie Mae Form 1025 March 2005
Form 1025 - "WinTOTAL' appraisal software by a la mode. inc -1-800-ALAMODE
-
There are 18 comparable prope~ies currently offered for sale in :he sublect nelohborhood ranoino in pnce tram $ 88.500 to $ 229.900
There are 19 comparable sales in the sub'ect nelohborhood wlttlrn the nast twelve months ranoino in sale price from $ 85.900 to $ 199.900
FEATURE SUBJECT I COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3
Address 607 Market Street 432 Seventh Street 307 Tenth Street 734 Hummel Avenue
New Cumberland. P A 17070- New Cumberland New Cumberland Lemovne
Proximity :0 Subiect 0.22 miles SW 0.25 miles NW 1.7 miles NW
Sale Pnce S N/A $ 112900 . > S 116900 S 105 000
Sale Price/Gross Bldo Mea S sO.ff. $ 93.08 snft , $ 80.29 sO.ff $ 72.31 soff
Gross Monthly Rent S 930 $ 980.00 $ 920 $ I 170
Gross Rent MuMier 115.20 . ........ 127.07 ...... ........ 89.74
Pnce per Unit $ $ 56 4~0 . S 58450 ... .., $ 52 500
Pnce per Room $ $ 161/q ....?< $ 19483 .......... $ 17500 '..
Pnce per Bedroom $ $ 37.633 S 58.450 $ 52 500
Rent Control I Yes SJ No DYes [8; No DYes SJ No [J Yes [2.J No
Data Source(s) MLS' A<Tent. Crt Hs Record' MLS' Al!ent. Crt Hs Reeord' MLS' Al!ent; Crt Hs Record'
Ventication Sourcels\ . '.' .., ". Exterior lnsneetion Exterior lnsneetion Exterior Insnection
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION .;:r=\ Adlustment DESCRIPTION + (-) Adjustment DESCRIPTION + H Adlustment
Sale or Rnancing Conventional Conventional Conventional
Concessions No Concession No Concession No Concession
Date ot SalefTime ..' 01/27/06 08/30/06 01/31/06
Location A vera i!e Eoual Eoual Eoual
Leasehold/Fee Simple Fcc Simnle Fee Simnle Fee Simnle Fcc Simnle
Site .08 acre .07 acre/En 1 .08 acrelEo 1 .06 acre/Eql
View A vcrai!e street A vera <Te str A Verai!e str A verai!e str
Desion (Style) Two Unit Two Unit/Enual Two UnitlEoual Two Unit/Equal
Quality of Construction Vinyl! A vera 'e Aluminum/Enl Brick/Eo 1 Brick/Eol
. Actual Aoe 76 +/- 76 +/- 84 +/- 86 +/-
Condition Good EouaI Enual Eoual
Gross Buildino Area I 271 1213 0 145( -2800 145' 2700
. Unn Breakdown Total Bdrms Baths Total Bdrms Baths Total I Bdrms Batl1s Total Bdrms Baths
: Unn # 1 4 1 1 3 I I 3 I 1 I 3 1 I
Unit # 2 3 I I 4 2 1 3 I 1 I 3 I I
. Unn # 3 ,
Unn # 4 I , i
Basement Description Partial Full Full Full
Basement Finished Rooms Unfinished Unfinished Unfinished Unfinished
Functional Utility Avera 'e Eoual Eoual Eoual
HeatinolCoolino GStcam&HP/Y EBB/None +3000 GFHAlNone +3000 GFHA/None + 3 000
Eneroy Efficient rtems Storm Units Storm Units Storm Units Storm Units
Parkino OrVOff Site On Str Pki! Off Sir Pk<T On Str PkQ OfT Str Pki!
Porch/Patio/Deck Front Porch Front Poreh Front Porch Front Poreh
Seoarate Utilities (HeaVElec... Sen. Util. !HIE) Sen. Util. (H/E) Sen. Util. !HIE) No Sen. Util. +8 000
Net Mustment IT otal) IX + n- $ 3000 [XJ+ li- S 200 [5<J + i- S 8300
Adjusted Sale Price
of Comoarables $ 115.900 S 117 100 S 11., ,00
Adiusted Price Per Unit (Adl_ SP Camp 1# 01 Comp Units} $ 57 950 ... }.} $ 58..550t ... $ 56650
Adlusted Price Per Room IAdI SP Camp I # of Comp P.ooms; S 16557 ....... .. /\.y $ 195171 ....... $ 18.883
Adjusted Price Per Bedrm(AdI SPComp: #otCompSedcooms $ 38'" ... . $ 58.5501 .... $ 56650
Value per Unit $ 58 000 X 2 Units - $ 116000 Value per GBA $ 90 X 1271 GBA - S 114390
Value per Rm. S 16500 X 7 Rooms = S 115500 Value oer Bdrms. $ 58000 X 2 Bdnms. - $ 116000
Summary of Sales Comparison Approach including reconciliation of the above indicators of value. Your annraiser researched the surroundini! market
area for sales deemed adequate for eomoarison with the subiect nronertv. After a thorouQh search of all market data the four
comnarable sales were considered to be the best indicators of the subiect's market value and were deemed most aoorooriate for
comnarison with the subieet oronertv. The comnarable sales were adiusted to reflect the market reaction to those items of
sil>T1ificant variation between the subieet and eomnarables. ComnarabIc sale #1 was described bv the listini! agent to be in "ood
condition. Dwellin<T Sl1uare footage as confirmed with tax assessment records is eomnarable to the subiect. This is the most recent
sale in the New Cumberland Borough ofa two-unit. Multinle listini! reeords indicate the nronertv was listed for (See Addendum)
Indicated Value bv Sales Comoarison Approach $ 116 000
Total oross monthlv rent $ 930 X oross rent muttlr1lierlGRMT 125.00 -$ 116250 Indicated value by the Income Aporoach
. Comments on income aporoach includino reconciliation of the GRM The above ITOSS rent multinlier is exnressed in monthly terms and is derived
from 20+ recent multi-familv sales within the market area..
Indicated Value bY: Sales Comparison Approach $ 116 000 Income Approach $ 116250 Cost Approach (it developed) $ NI A
All three annroaches to value were considered. Most weii!ht is nlaeed on the Sales Comnarison Annroach as it reflects the tvnical
buyer and seller market actions. The Cost Annroach was not devc10llCd due to the ai!e of the imorovements and estimate of
denreeiation attributable to the a 'c. The Income Annroach to value sunnorts the indicated value.
.
This appraisal is made ~ '"as is'", D subject to completion per plans and specifications on the tiasis of a hypothetical condition that the improvements have been
. completed, o subject to the following repairs or arterations on the basis of a hypothetical condition that the repairs or arterations have been completed, or [] subject to the
folio wino required inspection based on the extraordinary assumotion that the condition or deficiencv does not re~uire aheration or repair: The sub'cct is aooraised in '"as is"
condition.. no warranty of the aooraiseJ is ilivcn or imnlied. No liabilitv is assumed for the structural or mechanical elements of the propertY.
Based on a complete visual inspection ot the interior and exterior areas of the subject property, defined scope of work, statement of assumptions and limiting
condnions, and appraiser's certification, my (our) opinion ot the market value, as defined, ot the real property that is the subject of this report is
$ 116 000 as ot 03/08/06 which is the date ot insoection and the effective date ot this appraisal.
Small Residential Income Property Appraisal Report
Craig
File # 06-176
Freddie Mac Form 72 March 2005
Page 3 ot 7
Fannie Mae Form 1025 March 2005
Form 1025 - "Win TOTAL" appraisal soffware by a la mode. inc - 1-800-ALAMODE
-
SEE SUPPLE:\-tENTAL ADDENDU:\-I
.
.
.
.
ii ...... COST APPROACH TO VALUE (not reaulred bv Fannie Mae)
Provide adequate information for the lender/cliem to replicate the below cost fiqures and calculations.
Sunnort for the opinion of site value (summarv of comparabie land sales or other methods for estimatino site value) The estimated site value below was derived
from the studv ofJand sales throue-hout the West Shore School District market area.
ESTIMATED i -I REPRODUCTION OR ,- REPLACEMENT COST NEW O~INlON OF SITE VALUE.. m. -$ 20 000
. Source of cost data DWELLING SqFt. @ $ -$
Qualitv ratino from cost service Effective date of cost data SoFt. (ci) $ $
Comments on Cost Approach (qross livinq area calculations, depreciation, etc.) -$
The Cost Annroach penerallv will result in an excellent estimate of value Garaqe/Carport SqFt. (OJ $ -$
. if the buildin~ is new or reasonablv new, and the improvements rellect Total Estimate of Cost-New -$
the hi"hest and best use of the land. However when items ofphvsical Less Physical I Functional I External
deterioration and obsolescence must be estimated an area of judgement Depreciation I I -$(
is involved which is subiect to error. The subiect imnrovements are Depreciated Cost of Improvements -$
estimated to be 76-,. vears old. The Cost Annroach was not utilized due 'As-is' Value of Site Improvements -$
to the a"e of the imnrovements.
Estimated Remaining Economic Life (HUD and VA only) Years INDICATED VALUE BY COST APPROACH =$ 20 000
c',\, . PROJECT INFORMATION FOR POOs (If applicable)
Is the develooer/builder in control of the Homeowners' Association (HOA)? DYes [J No Unit lype(s) I ] Detached D Attached
Provide t1ie followmo information for PUDs ONLY if the developer/builder IS in control of the HDA and the subject property is an attached dwellinq unit.
Leoal Name of Prolect
. Total number of phases Total number of units Total number of units sold
Total number of unITS rented Total number of Units tor sale Data source(sl
Was the oroiect created by the conversion of existinq buildinq(s) into a PUD? r l Yes I I No If Yes, date of conversion.
~ Does the oroiect contain anv mulli-dwellinn units? r l Yes [J No Data Source
Are the units, common elements, and recreation facilities complete? ~l Yes [-1 No If No, describe t1ie status of completion
-
Are the common elements leased to or bv tile Homeowners' Association? I l Yes il No If Yes, describe t1ie rental terms and options
Describe common elements and recreational facilities.
Small Residential Income Property Appraisal Report
Craig
File H 06- I" 6
Freddie Mac Form 72 March 2005
Page 4 of 7
Fannie Mae Form 1025 March 2005
Form 1025 - 'WinTDTAL' appraisal software by a la mode, inc - 1-800-ALAMDDE
Small Residential Income Property Appraisal Report
Craig
File /I 06-126
This report form is designed to report an appraisal of a two- to four-unit property, including a two- to four-unit property in a
planned unit development (PUD). A two- to four-unit property located in either a condominium or cooperative project
requires the appraiser to inspect the project and complete the project information section of the Individual Condominium
Unit Appraisal Report or the Individuai Cooperative Interest Appraisal Report and attach it as an addendum to this 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 certifications. Modifications, additions, or deletions to the intended
use, intended user, definition of market value, or assumptions and limiting conditions are not permitted. The appraiser may
expand the scope of work to include any additional research or analysis necessary based on the complexity of this
appraisal assignment. Modifications or deletions to the certifications are also not permitted. However, additional
certifications that do not constitute material alterations to this appraisal report, such as those required by law or those
related to the appraiser's continuing education or membership in an appraisal organization, are permitted.
SCOPE OF WORK: The scope of work for this appraisal is defined by the complexity of this appraisal assignment and
the reporting requirements of this appraisal report form, including the following definition of market value, statement of
assumptions and limiting conditions, and certifications. The appraiser must, at a minimum: (1) perform a complete visual
inspection of the interior and exterior areas of the sUbject property, (2) Inspect the neighborhood, (3) inspect each of the
comparable sales from at least the street, (4) research, verify, and analyze data from reliable public and/or private sources,
and (5) report his or her analysis, opinions, and conclusions in this appraisal report.
INTENDED USE: The intended use of this appraisal report is for the lender/client to evaluate the property that Is the
subject of this appraisal for a mortgage finance transaction.
INTENDED USER: The intended user of this appraisal report is the lender/client.
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 or she considers his or her 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. doilars or in
temns 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 com parables 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 temns 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 ASSUMPTIONS AND LIMITING CONDITIONS: The appraiser's certification in this report is
subject to the following assumptions and limiting 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, except for information that he or she became aware of during the research involved in performing this appraisal.
The appraiser assumes that the title is good and marketable and will not render any opinions about the title.
2. The appraiser has provided a sketch in this appraisal report to show the approximate dimensions of the improvements,
including each of the units. The sketch is included only to assist the reader 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 this appraisal report whether any portion of 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, or as otherwise required by law.
5. The appraiser has noted in this appraisal report any 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 (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances,
adverse environmental conditions, etc.) that would make the property less valuable, and has assumed that there are no
such conditions 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.
6. 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.
Freddie Mac Form 72 March 2005
Page 5 of 7
Fannie Mae Form 1025 March 2005
Form 1025 - "WinTOTAL" appraisal software by a la mode, inc. -1-80Q-ALAMOOE
Small Residential Income Property Appraisal Report
Craig
File # 06-126
APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that:
1. I have, at a minimum, developed and reported this appraisal in accordance with the scope of work requirements stated in
this appraisal report.
2. I performed a complete visual inspection of the interior and exterior areas of the subject property, including all units. I
reported the condition of the improvements in factual, specific terms. I identified and reported the physical deficiencies that
could affect the livability, soundness, or structural integrity of the property.
3. 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.
4. I developed my opinion of the market value of the real property that is the subject of this report based on the sales
comparison and income approaches to value. I have adequate market data to develop reliable sales comparison and
income approaches to value for this appraisal aSSignment. I further certify that I considered the cost approach to value but
did not develop it, unless otherwise indicated in this report.
5. 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.
6. I researched, verified, analyzed, and reported on the prior sales of the comparable sales for a minimum of one year prior
to the date of sale of the comparable sale, unless otherwise indicated in this report.
7. I selected and used comparable sales that are locationally, physically, and functionally the most similar to the subject property.
8. I have not used comparable sales that were the result of combining a land sale with the contract purchase price of a
home that has been built or will be built on the land.
9. I have reported adjustments to the comparable sales that reflect the market's reaction to the differences between the
subject property and the comparable sales.
10. I verified, from a disinterested source, all information in this report that was provided by parties who have a financial interest in
the sale or financing of the subject property.
11. I have knowledge and experience in appraising this type of property in this market area.
12. I 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.
13. I obtained the information, estimates, and opinions furnished by other parties and expressed in this appraisal report
from reliable sources that I believe to be true and correct.
14. 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 (such as, but not limited to, needed repairs, deterioration,
the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) 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.
15. 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.
16. 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.
17. 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, color, 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.
18. 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 or 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 event (such as approval of a
pending mortgage loan application).
19. 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
or the preparation of this appraisal report, 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.
20. 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.
Freddie Mac Form 72 March 2005
Page 6 of 7
Fannie Mae Form 1025 March 2005
Form 1025 - "WinTOTAL" appraisal software by a la mode, inc -1-80G-ALAMODE
Small Residential Income Property Appraisal Report
Craig
File # 06-126
21. The lender/client may disclose or distribute this appraisal report to: the borrower; another lender at the request of the
borrower; the mortgagee or its successors and assigns; mortgage insurers; government sponsored enterprises; other
secondary market participants; data collection or reporting services; professional appraisal organizations; any department,
agency, or instrumentality of the United States; and any state, the District of Columbia, or other jurisdictions; without having to
obtain the appraiser's or supervisory appraiser's (if applicable) consent. Such consent must be obtained before this appraisal
report may be disclosed or distributed to any other party (including, but not limited to, the public through advertising, public
relations, news, sales, or other media).
22. I am aware that any disclosure or distribution of this appraisal report by me or the lender/client may be subject to certain
laws and regulations. Further, I am also subject to the provisions of the Uniform Standards of Professional Appraisal Practice
that pertain to disclosure or distribution by me.
23. The borrower, another lender at the request of the borrower, the mortgagee or its successors and assigns, mortgage
insurers, government sponsored enterprises, and other secondary market participants may rely on this appraisal report as part
of any mortgage finance transaction that involves anyone or more of these parties.
24. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are
defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this
appraisal report containing a copy or representation of my 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.
25. Any intentional or negligent misrepresentation(s) contained in this appraisal report may result in civil liability and/or
criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States
Code, Section 1001, et seq., or similar state laws.
SUPERVISORY APPRAISER'S CERTIFICATION: The Supervisory Appraiser certifies and agrees that:
1. 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.
2. 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.
3. The appraiser identified in this appraisal report is either a sub-contractor or an employee of the supervisory appraiser (or the
appraisal firm), is qualified to perform this appraisal, and is acceptable to perform this appraisal under the applicable state law.
4. 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.
5. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are
defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this
appraisal report containing a copy or representation of my 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
Signaturh~~: fl .....,s,&."."-~l
Name ~ __
Company Name Forrester & Co Real Estate Appraisers
Company Address 359 East Market Street, Yark. P A. 17403
SUPERVISORY APPRAISER (ONLY IF REQUIRED)
Signature
Name
Company Name
Company Address
Telephone Number (717) 812-1118
Email Addressforrestereo(i/).suseom.net
Date of Signature and Report March 17,2006
Effective Date of Appraisal 03/08/06
State Certification # GA-001580-L
or State License #
or Other (describe) State #
State P A
Expiration Date of Certification or License 613012007
Telephone Number
Email Address
Date of Signature
State Certification #
or State License #
State
Expiration Date of Certification or License
SUBJECT PROPERTY
o Did not inspect subject property
o Did inspect exterior of subject property from street
Date of Inspection
o Did inspect interior and exterior of subject property
Date of Inspection
ADDRESS OF PROPERTY APPRAISED
607 Market Street
New Cumberland P A 17070-1945
APPRAISED VALUE OF SUBJECT PROPERTY $ 116.000
LENDER/CLIENT
Name Doug Miller
Company Name Irwin & McKnight
Company Address 60 West Pamfret Street. Carlisle, P A. 170 I.
17013
Email Address dmiller(Q)IMHLaw.eom
COMPARABLE SALES
o Did not inspect exterior of comparable sales from street
o Did inspect exterior of comparable sales from street
Date of Inspection
Freddie Mac Form 72 March 2005
Page 7 of 7
Fannie Mae Form 1025 March 2005
Form 1025 - 'WinTOT AL" appraisal software by a la mode, inc - 1-800-ALAMODE
-
FEATURE SUBJECT COMPARABLE SALE # 4 COMPARABLE SALE # 5 COMPARABLE SALE # 6
Address 607 Market Street 2 14 Ross A venue
New Cumberland PA 17070- New Cumberland
Proximity to Subiect 0.79 miles SE
Sale Price S N/A S 109 900 S S
Sale Price/Gross Blda Area S sa.rt. S 734 I sO.rt S sa.rt. S san
Gross Mont~lv Rent S 930 S I 100 S S
Gross Rent Muttiplier 99.91
Price per Unit S $ 54 950 < S $
Price oer Room $ S 15700 S ... S
Price aer Bedroom $ S 36 633 .... S S
Rent Control I Yes .:><:J No C Yes ~ No [J Yes n No ,- Yes [- No
Data Sourcels\ i MLS' A1'cnt. Crt Hs Record'
Verification Source(sl Exterior Insnection
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION + 1-1 Adrustment DESCRIPTION +1-1 Adiustment DESCRIPTION +H Adiustment
Sale or Rnancmg Conventional
Concessions .. No Concession
Date of Sale!Time 08/31/05
Location A vcra1'C Eoual
Lease~oldlFee S i mole Fcc Simnle Fcc Simnle
Site .08 acre . 16 acre/Eo I
View A Vera1'e strect A vera 'e str
Deslan IStvle) Two Unit Two Unit/Eoual
. Qualitv of Construction Vinvl/Avera 'e Vinvl/Enl
~ Actual Aae 76 +1- 56 +1-
Condition Good Eoual
. Gross Buildina Area 1271 149 -3400
Unrt Breakdown Total Bdrms Baths Total Bdrms Baths Total Bdrms Baths Total Bdrms Baths
Unrt # 1 4 I I 3 1 I
Unrt# 2 3 I I 4 2 I
Unrt#3
Unit#4
Basement Descriotion Partial Full
Basement Finis~ed Rooms Unfinished Unfinished
Functional Utilitv A vera"c Eoual
Heatina!Coolino GSteam&HP/y GHW/None +3,000
Enerav Efficient ttems Storm Units Storm Units
ParkinQ On/Off Site On Str Pk" OtTStr PkO"
Porch/Patio/Deck Front Porch Poreh/Dcek
Senarate Utilities (HeaVElec . SeD. Util. (H/E) No Sen. Uti I. +8000
Net Adiustment (Total) ,;x:j+ S 7600 fl+ fl- S 11+ U- S
Adjusted Sale Price
of Comoarables )( $ 117500 $ $
Adiusted Price Per Unit (AdJ_ SP Comp I # of Camp UnitS) S 58 750 ....!.}i.i...>! S !'i i $ ...
Adiusted Price Per Room IAdl SP Comp!' of CompRoomsl S 167Rf i.! .,. (i $ Li......./!i/./, S ....... ". .i
Adiusted Price Per BedrmrAdl SPComp. . of Comp8edrnoms S 39167 /j ...... S ..j'i $ . ".)
Reoort t~e resutts of t~e researc~ and analysis of t~e pnor sale or transfer ~rstory of t~e subject prooerty and comparable sales (report additional prior sales on page 3).
ITEM SUBJECT COMPARABLE SALE # 4 COMPARABLE SALE # 5 COMPARABLE SALE # 6
Date of Prior SalefT ransfer None 01/05/05
Price of Prior Sale/Transfer N/A $70 000
. Data Sourcelsl Court House Records Court House Records
Effective Date of Data Sourcels) 03!l7/O6 03/17/06
Analysis of orior sale or transfer ~IStOry of t~e subject property and comparable sales
Analvsis/Commems
.
Small Residential Income Property Appraisal Report
Craig
File # 06-1 '6
Freddie Mac Form 72 Mare~ 2005
Fannie Mae Form 1025 March 2005
Form 1025 (AC) - "Win TOTAL' appraisal sortware by a la mode, inc. -1-800-ALAMODE
Supplemental Addendum
File No 06-126
Client Irwin & McKni"ht
ProOeny Address 607 Market Street
City New Cumberland
Lender N/A
. C'Jeil!hborhood Marketabilitv Cont'd:
neighborhood is also located approximately 1-2 miles southwest of downtown Harrisburg, the State Capitol.
Employment is located within a 5-] 5 minute drive. Highway accessibility is one of the areas greatest assets with
Interstate 83 and the Pennsylvania Turnpike located within three miles. The neighborhood has enjoyed favorable
marketability due to it's close proximity to the Defense Distribution Center and State Capitol; as well as
convenience to major transportation arteries. Steady price increases and multiple listing statistics demonstrate a
good market demand for this area which is comprised of traditional styled housing with good property
compatibility and maintenance programs observed. Recreation parks (Memorial Park and Borough Park) are
located within walking distance. The subject is also located in close proximity to the Hillside Elementary and
New Cumberland Middle Schools. Commercial uses intermixed with residential uses are commonly found
throughout the borough and do not adversely affect the subject's marketability.
COUnTY Cumberland
State P A
ZiD Code 17070-1945
i
I
I
. Neil!hborhood - Market Conditions Cont'd:
County tax records and multiple listing statistics support a stable market with good marketability for properly
priced listings. Sellers are not required to offer special loan discounts, interest buy downs or financing
concessions, however seller offered concessions and sales agreements are occurring for multi-family buildings
transferred in the subject neighborhood. No rent controls in effect. This has been a good active market spurred
by low interest rates. Multi-family properties have experienced good market acceptance in the last year, with an
influx of investors seeking alternative invcstment opportunities following the decline in stock market returns.
. Sales Comparison Comments Cont'd:
sale at $109,900 and sold within 17 days at $112,900 with no seller concessions paid as a condition to the sale.
Comparable sale #2 was described by the listing agent to be in nice condition throughout. Dwelling square
footage as confirmed with tax assessment records is slightly superior to the subject and a size adjustment was
warranted. The home was listed for sale at $116,900 and sold for full price within 5 days with no seller
concessions paid as a condition to the sale. Comparable sale #3 was in good condition according to the listing
agent. Dwelling square footage as confirmed with tax assessment records is slightly superior to the subject and a
size adjustment was warranted. The units are rented with heat, water and sewer inclusive with the rent since the
utilities have not been separated. The subject has separate utilities which would command a premium in this
market, therefore a utility adjustment was warranted. Multiple listing records indicate the home was listed for
sale at $106,900 and sold within 25 days at $105,000 with no seller concessions paid as a condition to the sale.
Comparable sale #4 was described by the listing agent to be very well maintained and clean with some new paint
and flooring. Dwelling square footage as confirmed with tax records is superior to the subject and a size
adjustment was warranted. A utility adjustment was tak~n to reflect the inferior utility service (no separate
heating systems). Multiple listing records indicate the home was listed for sale at $104,900 and sold for
$109,900 within 7 days with no seller concessions paid as a condition to the sale.
Your appraiser confirmed all comparable sales with the sources indicated and was able to ascertain that there
were no significant sales concessions, special financing or other special conditions unless otherwise noted. All
comparable sales were considered equally in estimating the subject's final indicated value with greatest weight
applied to Sale #1 which is the most recent sale in the immediate neighborhood, and overall is most similar to the
subject.
*The intended users of this report are the lender/client ONLY. Use of this report by any others is not intended by the
appraiser. No third parties are authorized to rely upon this report without the express written consent of the
appraiser. The appraiser is not a home inspector. This report should not be relied upon to disclose any conditions or
defects present in the subject property. The appraisal report does not guarantee that the property is free of defects.
A professional home inspection is recommended. The scope of work to complete this report used the Sales Comparison
Approach to determine market value. The Cost Approach to value was not utilized due to thc age of the
improvements. The Income Approach supports the value indicated.
Form TAOO - "WinTOTAL' appraisal software by a la mode. inc. -1-80Q-ALAMOOE
Building Sketch
Client Irwin & ylcKniQht
PropertY Address 607 Market Street
City New Cumberland County Cumberland State P A Zip Code 17070~ 1945
Lenaer N/A
~
N
N
12.7'
i[tt
Kitchen ~ Of
~-
Dining Room
1.6'
~
O'l
'<t
Bedroom
in
to
N
y
Living Roo
o
to
i/^\
14.3' 10
Covered i to
.__.F-r9.~.~J'_o~~!2..~.j
13.3'
First Floor
SlIetd1 by Ace.. IV'"
Comments:
Sketch Not To Scale
12.7'
Bedroom
o
cO
1.6'
. K -r
oath
Kitchen
~
'<t
'<t
in
to
N
Living Room
14.3'
Second Floor
AREA CALCULATIONS SUMMARY
Code Description Size Net Totals
GLAl Firs t Floor 665.79 665.79
GLA2 Second Floor 605.63 605.63
PIP Porch 79.50 79.50
I
TOTAL LIVABLE (rounded) 1271
LIVING AREA BREAKDOWN
Breakdown Subtotals
F.1.rst Floor
12.7 x 49.3 623.83
1.6 x 26.5 41 96
Second Floor
12.7 x 44.5 563 67
1.6 x 26.5 41 96
4 Calculations Total (rounded) 1271
Form SKT.BldSkl- "WinTOTAL" appraisal software by a la mode. inc -1.BOO.ALAMOOE
Subject Photos
Client Irwin & McKnIght
PropertY Address 607 Market Street
City New Cumberland Coumv Cwnberland State PA Zip Code 17070-1945
Lender N/A
SUbject Front
607 Market Street
Subject Rear
Subject Street
Fonn PIC3x5.TR - 'WinTOTAL' appraisal software by a la mode, inc. - 1-80Q-ALAMODE
Comparable Photo Page
Cnent Irwin & McKninht
PropertY Address 607 Market Street
Citv New Cumberland County Cumberland State PA Zip Code 17070-194)
Lender N/A
Comparable 1
432 Seventh Street
Comparable 2
307 Tenth Street
Comparable 3
734 Hummel Avenue
Form PIC3x5.BC - 'WinTOTAL" appraisal software by a la mode, inc. - 1-BOO-ALAMODE
Location Map
Client Irwin & McKnil!ht
Prooertv Address 607 Market Street
Citv New Cwnberland Cour~1 Cumberland State P,\ liD Code 17070.1945
Lender N/A
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Form MAP.LOC - "Win TOTAL" aopraisal software by a la mode, inc. - 1-800.ALAMODE
Client Irwin & MeKni,'ht File No 06-126
Property Address 607 Market Street
City New Cumberland County Cumberland State PA Zip Code 17070 1945
Lender N/A
TABLE OF CONTENTS
Services Invoice . 1
Cover Page ......................... ............. ................. ................................... .............. ...... ....... ........ .. ........ . ..... 2
Cover Letter 3
Summary of Salient Features ... ... .............. .... ............................ ....... ................... ..... .............. . ............ . ... ..... ........... . 4
Small Income . 5
Additional Comparables 4-6 . 12
General Text Addendum.. 13
Building Sketch (Page - 1) ... ................ ...... ..................................... .................................. 14
S ublect Photos ....................................................................................... .................................................... 15
Comparable Photos 1-3 .. 16
Comparable Photos 4-6 .. 17
Location Map. 18
~~.. 19
Form TOCNP - 'WinTOTAL' appraisal software by a la mode, inc. - 1-800-ALAMODE
U~/~~I ~~~o Lj:~l
CAPital Group
71 776184 7g
1/10/2005 10:03 AM
IIiJ American Funds.
TIM MORRISON
lvJMt INVESTORS SERVICES INe
c/o W SHORE OFFICE ern.
~~14 SENATE AVE STE 303
CA..\iIP RnJ~ PA .17011-2336
Re: Washington Mutulll Investors Fund. A
New Perspective Fund - A
EurOPllcific Gto'wthFlll1d - A
Capital World C'rmwth nnd Income Fund. A
SMALL CAP World F\lnd - A
Account #6275-0940-01107/16133/35
CB&T (."UST IRA RIO
ROBER.T W CRAIG
D:ar Mr. Morrison:
BDS
PAOE
2/3
1~ f\'
PAGE 03/03
RightFax
Arn.dc:CI1 Fund. "!Vice ComJlqly
Pc!lt Of1!ee BOll 2280
NQl'folk. "Jrg~lc 2J60J-2280
om8l1c:cnfundJ.com
Jnnlulry 10, 2005
We recently received an inquiry regarding the balance of account #6275-0940-01107/16/33/35.
TI-e table below reflects the share balance, per share net a.'lset Vallle (NA V), and total value of the account on the
eJa'tc:& requested:
Date
09129/04
09/29/04
09/29/04
09/29/04
09129/04
12/29/04
.l2/29104
12/29104
12/29/04
12129104
ACcount Nl.lmbt'l"
6275-0940-01
6275 -0940-07
6275-0940-.16
6275-0940-33
6275-0940-35
6275"()940-01
6275-0940-07
6275-0940-16
6275-0940-33
6275-0940- 35
Sh~re Balance
868.1 73
1,21 7.327
843.780
1,085.162
4.s8.~
879.557
1,228.910
856.279
1,121. 757
463.756
NA V Per Share
Sl29.34
24.8.1
31.69
30.83
27.68
30.84
27.67
35.40
33.78
30.97
Total V due
$25,472.20
30,201.88
26, 739,39
33,4:B.54
J2, 704.1 8
27,125.5
34,003.94
30,312.28
37,892.95
14,362.52
1 ~;
~ 1~~~1 .
MutJ~aJ fund sb4l:'e prices vary widJ. the fluctuations offtnancillI IlUltket Sbllle prices. The prices of the funds are
foun:f in the financial pages of most rnetropo Iitl1ll newspapers under American Funds in tho Mutual Funds
lmtmgs.
A F(nl1i~v Tradition o.l Caring
PARTHEMORE Funeral Home & Cremation Services, Inc.
Mrs. Carol G. Craig
3 Pine Tree Drive
New Cumberland, P A 17070
12/31/2004
1303 Bridge Street
P.O. Box 431
New Cumberland. P A 17070
(717) 774-7721
(Fax) 774-5546
www.parthemore.com
We sincerely appreciate the confidence you have placed in us and will continue to assist you in every way
we can. Please feel free to contact us if you have any questions in regard to this statement. The following
is an itemized statement of the services, facilities, automotive equipment and merchandise that you selected
when making the funeral arrangements.
Terms
Net 30
Due Date
1/3U/2005
Account #
2004084.31
Description
Cremation with Memorial Service
Marbleite Urn
Service Folders
Amount
2,999.00
204.00
96.00
Gilbert W. Parthemore.
F Gunder
Total Services and Merchandise
3,299.00
Stephen K. Parthemore.
CFSP
Death Notice, Harrisburg
Death Notice. Pottsville
Certified Copies of Death Certificates
Tent & Cemetery Equipment
Clergy Honoraria
Organist Honorarium
Soloist Honorarium
Flowers, All White Carnations
Flowers
Cumberland County Coroner Fee, Cremation Authorization
I Grave Opening
I Mounted 24 x 36 Picture
Video
266.34
123.00
40.00
125.00
300.00
125.00
100.00
75.00
200.00
25.00
200.00
80.00
100.00
Gilbert 1. Parthemore.
Supervisor
Bruce R. Parthemore.
Pre-Need Coordinator. CPC
Total Cash Advances
1,759.34
7hc Rille You ^11()H',
The Peo/lle rOll Trust
])Qoc ~d\ ,
-~Cf\l- ~GJ &,. ~ ~o(J,<J\1-cl
t-o k\~ QOI1 Gilt.(\@ -t~" ~IK.&- O~
\ c ~S W ~ U.\I.{) .O-:{J- Qv~ ~~
C~\ uJl4\ w-L CCf\ .~~,
S'l \
Total
Payments/Credits
Balance Due
$5,058.34
$0.00
Professional Memberships:
NFDA . PFDA.
DCFDA . CCFDA.
InUrrw.tiorwl ()rmT IIf lfu:
GC\~LDEN
RQ!l
/.--p. / >~
<, ..:.,
~gJ;~.t~~~~
$5,058.34