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Home My WebLink About04-28-06 " S. W. BARRETT REAL ESTATE & APPRAISAL SERVICES Fie No. 06-0032 APPRAISAL OF LOCATED AT: Enola Road Carlisle, PA 17013 FOR: Irwin & McKnight 60 West Pomfret Street Carlisle, PA 17013 BORROWER: Paul DICK Estate AS OF: Borrower: Paul DICK Estate Property Add{ess: Enola Road City: Carlisle Lender: Irwin & McKniaht State: PA Zip: 17013 FRONT VIEW OF SUBJECT PROPERTY Appraised Date: December 17, 2005 Appraised Value: $ 700,000 REAR VIEW OF SUBJECT PROPERTY STREET SCENE LOCATION MAP Borrower: Paul DICK Estate 1 t Address' Enola Road Pro er . Cit : Carlisle . Lender: Irwin & McKm ht = State: P A ~ .A. "..... ., ~-- ~'. /__-------~-----/~r---~./--- , \ ( " ,I '. (//ENOlA ~, \ \ ) \. '--,-- / .I"~,./ ( I '''-... /' / \ \ '. \ '. S. W. BARRETT REAL ESTATE & APPRAISAL SERVICES . File No. 06-0032 03/08/2006 Irwin & McKnight 60 West Pomfret Street Carlisle, PA 17013 File Number: 06-0032 Dear Sir or Madam: In accordance with your request, I have personally inspected and appraised the real property at: Enola Road Carlisle, PA 17013 The purpose of this appraisal is to develop an opinion of the market value of the subject property, as vacant. The property rights appraised are the fee simple interest in the site. In my opinion, the estimated market value of the property as of December 17,2005 is: $540,000 Five Hundred Forty Thousand Dollars The attached report contains the description, analysis and supportive data for the conclusions, final estimate of value, descriptive photographs, Ii miting cond itions and appropriate certifications. Respectfully submitted, ~ Q. ~wrcJ)C Stan A. Skowronek Certified Residential Appraiser ProDeltyAddfess Enol. Road Census Trad 0119.00 LENDER DISCRETIONARY USE City Carlisle County Cumberland state PA liD Code 17013 Sale Price $ LeaaI~ . . See legal description (Being subdivided from 29-04"()377 ...(30) Date Own.-lOccuDant Dick Paul Ma ~ Reference 04-0377 Mortgage Amount $ .. Sale Price $ NI A Date of Sale NJA Property Rights Appraised Mortgage Type Loan charaes/concessions to be paid by seller S NJ A 00 Fee Simple Discount Points and Other Concessions R.E. Taxes $ 6398 Est. Tax Year 06107 HOA $/Mo. N1A 0 Leashold Paid by Seller $ lenderlClient Irwin & McKnight R Condominium (HUDNA) 60 West Pomfret Street. Carlisle PA 17013 PUD Source LOCATION U Urban ~ Suburban c.: Rural NEIGHBORHOOD ANALYSIS Galld AVII. Far PQDr BUILT UP o Over 75% 00 25-75% 8 Under 25% Ef11)ioyment stabiity 8~8 8 GROWTH RATE o Rapid 00 Stable Slow Convenience to EfY1)Ioyment PROPERTY VALUES lX) lnaeasing o Stable o Declining Convenience to Shopping 00008 DEMAND/SUPPL Y o Shortage 00 In Balance R Over SupPy Convenience to Schoals 0000 MARKETING TIME n Under 3 Mos. [Xl 3-6 Mos. Over 6 Mos. Adequacy of Public Transportation 0000 : PRESENT LAND USE ". LAND USE CHANGE PREDOMINANT 5N3LEFANL yt-tOUSN:; Reaeation Faciities DfXlDO ~ Single Fanily ~ NotUkely 0 OCCUPANCY PRICE AGE Adequacy of Faciiies 00000 i 2-4 Famiy ~ Ukely 0 Owner 00 $(000) (yrs ) Property Compatibility 00000 :; Multi.Famly ~ In process 00 Tenant 0 90 low New Protedion from Detrimental Cond. 00000 Commercial 0% To: Residential Vacant (0-5%) 00 325 High 100 Police & Frs Protection 00000 Industrial 0% Vacant (over 5%) 0 Predomilant General Appearance of Properties R~RR Vacant 80% 160. 30 AoDeal to Marl<et Note: Race or the racial composition of the neighborhood are not considered retiable appraisal factors. COMMENTS.The subject is located in an area of mixed residential and aaricultural uses. which is common to Cumberland County. It is within reasonable drivina distance to ammenities such as schools ShOODing and emplovment. Dimensions See leaal description (Beina subdivided) Topography level to Mountains Site Nea 179 Acres mil Comer lot No Size Larger than normal Zoning Classification Conservation Zoning Cofl1)liance Yes Shape Irregular HIGHEST & BEST USE: Pretent Use Present Other Use NJA Drainage Appear. Adeauate UTILITIES Public Other SITE IMPROVEMENTS Type Public Private View Open country Electricity 00 Street Macadam 00 0 Landscaping NJA Gas 0 CUrbJGutter None 0 0 Driveway N/A water o to be well Sidewalk None 0 R Apparent Easements None ApDarent Sanitary Sewer o to be septic Street lights None R FEMA Rood Hazard Yes* No X Storm Sewer n AIIev None FEMA* MaWZone 420367 00058/Zone C Comments (Apparent adverse easements, encroachments, special assessments, slide areas, etc.): Private water and sanitary systems are common to the area and have no adverse affect upon marketability. There are no apparent adverse easements, encroachments or other adverse conditions. The undersigned has recited three recent sales of properties most similiar and proximate to subject and hill considered these in the market analysis. The description includes it dollar adjustment, reflecting market reaction to those items of significant variation between the subject and comparable properties. If a significant Item In the comparable property is superior to, or more favorable than, the subject property, a minus (-) adjustment Is made, thus reducing the indicated value of subject: if a significant item in the comparable is inferior to, or less tnoreble than, the subject property, a plus (ot) adjustment Is made, thus incruslng the indicated value ot the subject. ITEM SUBJECT COMPARABLE NO.1 COMPARABLE NO. 2 COMPARABLE NO.3 Enola Road 29-06-0021 ~18 21-06...0017...020 29-05-0427 -087 Address Carlisle Waaaoners Gap. Carlisle Clemson Drive. Carlisle Lonas Gap Road Carlisle Proxinity to Subject 2.0 MI WSW 3.5 MI SE 1.5 MI SSW Sales Prioe $ N1A $ 285.000 $ 500 .000 $ 540 323 Pricel Acre S fZ1 $ 2415 rtJ $ 3383 (lJ $ 3500 fZ1 ,. Data Source Inspection Courthouse Records Courthouse Records Courthouse Records ,. VALUE ADJUSTMENTS DESCRlP110N DESCRIPTION I i(.)S Adjlalment DESCRlP1l0N It{. \S AdiUltmel1 DESCRIPTION I t{ -)$ Adjustmln · Sales or Financing Unknown I Unknown I Unknown I I I I Concessions I I I a I I I ,. N1A 10/2212004 I I I . Date of Salemme I 121 09/26/2005 , 08/19/2004 I 175 . location Suburban Suburban I Suburban I Suburban I SiteNIeW 179 AcI0pn Cty 118 AcJAvg , 147.79 AclAvA I 154.4 AclAvQ I I I I TODOQraphv level/Mtns FlodPlain(+10%) I 241 Level (..100~) I -338 Level (-10%\ I -350 I I I I I I I I I I I I I I I I I I I Net Adi. (total) rxT+ ] - '$ 362 1+ fxl. : $ 338 r 1 + Txl. : $ 175 Indicated Value Gross: 15.0 I Gross: 10.0 Gross: 15.0 I of Subiect Net: 15.0 S 2777 Net: -10.0 $ 3.045 Net: -5.0 $ 3.325 Comments of Sales Comparison: See Attached Addendum. SUMMARY APPRAISAL REPORT LAND APPRAISAL REPORT FIe No 06-0032 ADDENDUM Borrower: Paul DICK Estate Pro~erty Address: Enola Road City: Carlisle Lender: Irwin & McKnight File No.: 06-0032 Case No.: State: PA Zip: 17013 Comments on Sales Comparison 5% Time adjustment was used in analysis. Opinion of value range for the adjusted price per acre is $2,777 to $3,325. SAY $3.000/acre. Comparable #1 is bordered primarily by the Conodoquinet Creek. Comparable #'s 2 & 3 are primarily level terrain. The subject is roughly 50% level ground and 50% wooded mountain ground. 179 acres @ $3,000/acre = $537,000 - SAY - $540,000 File No. 06-0032 I **-*** QUALIFICATIONS ********* I The following checked Items are SPECIFIC SPECIAL CONDITIONS that were identified by this appraiser during the I inspection of the subject property, the com parables sales, and their neighborhoods and locations. Unless otherwise noted, the conditions that apply to the subject property or the comparable sales used DO NOT AFFECT THE MARKET VALUE OR THE FUTURE MARKETABILITY OF THE SUBJECT PROPERTY BEING APPRAISED. This is not a home inspection service. This is an appraisal to estimate market value. _1. The subject is located in a rural area and is less than 250/0 built-up. _ _2. Commercial/Industrial uses are located within the subject's neighborhood. These uses are typical of similar neighborhoods. _x_3. Vacant and undeveloped land uses are located within the subject's neighborhood. These uses are typical for the area. _ _4. The predominant value in the neighborhood is less than that of the market value of the subject property. This is due to the very wide range of value of properties in the area and superior quality of the subject property. _5. The subject property is located in a F.E.M.A. Identified Flood Zone. Flood insurance coverage is required and suggested. _6. Dampness is noted in the basement of the subject. Standing or running water was not present on basement floor. This condition is considered typical in dwellings of this style. _x_7. The subject property is serviced by private well and/or septic systems which is common for the area. _ _8. The subject is older than five(5) years. All mechanical systems including the heating, electrical and plumbing systems appear upon a visual exterior inspection to be in working order. No warranties are implied in this statement. _9. Repair items were noted in the comments section of the report. These comments on repair items are for descriptive purposes only and are not required repairs. The items listed are cosmetic in nature. _10. The basement floor is a dirt floor. This condition is common and typical for the area. and does not pose a health or safety hazard. _11. The subject property does contain functional obsolescence as noted in the report. This condition is considered typical and common for the area and this style dwelling. _12. The land value exceeds 300/0 of total value due to the high demand for vacant land in this neighborhood. This condition is considered common and typical for the ne,ighborhood. _13. The land value exceeds 300/0 of total value. This is due to the large size of the site. This condition is considered to be typical and common. _14. Individual adjustments were required that exceed 150/0. These adjustments were required due to lack of more similar com parables on that individual rating. All com parables used are the best available. _ _15. Total adjustments exceed 250/0. This is due to the lack of comparable sales that were more similar in the subject's market area. All com parables used are the best available. _x_16. One or more comparable sales are older than six(6) months. Although there are comparable properties in the subject's area, none have sold recently; therefore, sales in excess of six(6) months have to be used. All comparables used are the best available. _ x_17. One or more com parables used were in excess of one (1) mile from the subject property. Although there are comparable properties in the immediate area, none have sold recently. Therefore, it was necessary to use comparable sales outside of the immediate area. All com parables used are located in similar neighborhoods and within the same marketing area. All com parables used are the best available. _18. The electrical system was not connected during inspection. File No. 06-0032 ********* QUALIFICATIONS ********* _24. The subject property is located on a private road. _25. Wood infestation inspection is suggested. _x_26. Last recorded deed transfer: Date_N/A _, Consideration: $_New subdivision_ _27. Proposed construction/renovation in accordance to plans and specifications to be completed in a workman-like manner. _28. Seller is paying part or all of closing costs. _ _29. All comparable sales are verified closed sales. _x_30. There are no special conditions or other requirements that would affect market value or future marketability in the Appraisal Report. CHECKED ITEMS ARE SPECIFIC SPECIAL CONDITIONS THAT WERE IDENTIFIED BY THIS APPRAISER DURING INSPECTION. ~~ r. ~ f f ~ l~ i i; -l' 1 ~ ~ "i ... a .H ~ '~ ~ I ft, !\, ~ 1 ,(' fI\ ! I' .1 J " :t ',/ "I it J.: "it, ;~ ii' '" /~. l'! ~ ~~. ,. J,; ~f' File No. 06-0032 DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised, and each acting in what he considers his own best interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions. granted by anyone associated with the sale. * Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the Appraiser's judgment. STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION CONTINGENT AND LIMITING CONDITIONS: The appraiser's certification that appears in the appraisal report is subject to the following conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it. The appraiser assumes that the title is good and marketable and, therefore, will not render any opinions about the title. The property is appraised on the basis of it being under responsible ownership. 2. The appraiser has provided a sketch in the appraisal report to show approximate dimensions of the improvements and the sketch is included only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of its size. 3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in the appraisal report whether the subject site is located in an identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. 4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand. 5. The appraiser has estimated the value of the land in the cost approach at its highest and best use and the improvements at their contributory value. These separate valuations of the land and improvements must not be used in conjunction with any other appraisal and are invalid if they are so used. 6. The appraiser has noted in the appraisal report any adverse conditions (such as, needed repairs, depreciation, the presence of hazardous wastes, toxic substances, etc. ) observed during the inspection of the subject property or that he or she became aware of during the normal research involved in performing the appraisal. Unless otherwise stated in the appraisal report, the appraiser has no knowledge of any hidden or unapparent conditions of the property or adverse environmental conditions (including the presence of hazardous wastes, toxic substances, etc. ) that would make the property more or less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied, regarding the condition of the property. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, the appraisal report must not be considered as an environmental assessment of the property. 7. The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal report from sources that he or she considers to be reliable and believes them to be true and correct. The appraiser does not assume responsibility for the accuracy of such items that were furnished by other parties. 8. The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice. 9. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or alterations on the assumption that completion of the improvements will be performed in a workmanlike manner. APPRAISERS CERTIFICATION: The Appraiser certifies and agrees that: File No. 06-0032 1. I have researched the subject market area and have selected a minimum of three recent sales of properties most similar and proximate to the subject property for consideration in the sales comparison analysis and have made a dollar adjustment when appropriate to reflect the market reaction to those items of significant variation. If a significant item in a comparable property is superior to , or more favorable than, the subject property, I have made a negative adjustment to reduce the adjusted sales price of the comparable and, if a significant item in a comparable property is inferior to, or less favorable than the subject property, I have made a positive adjustment to increase the adjusted sales price of the comparable. 2. I have taken into consideration the factors that have an impact on value in my development of the estimate of market value in the appraisal report. I have not knowingly withheld any significant information from the appraisal report and I believe, to the best of my knowledge, that all statements and information in the appraisal report are true and correct. 3. I stated in the appraisal report only my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the contingent and Limiting Conditions specified in this form. 4. I have no present or prospective interest in the property that is the subject to this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or the estimate of market value in the appraisal report on the race, color, religion, sex, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property. 5. I have no present or contemplated future interest in the subject property, and neither my current or future employment nor my compensation for performing this appraisal is contingent on the appraised value of the property. 6. I was not required to report a predetermined value or direction in value that favors the cause of the client or any related party, the amount of the value estimate, the attainment of a specific result, or the occurrence of a subsequent event in order to receive my compensation and/or employment for performing the appraisal. I did not base the appraisal report on a requested minimum valuation, a specific valuation, or the need to approve a specific mortgage loan. 7. I performed this appraisal in conformity with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place as of the effective date of this appraisal, with the exception of the departure provision of those Standards, which does not apply. I acknowledge that an estimate of a reasonable time for exposure in the open market is a condition in the definition of market value and the estimate I developed is consistent with the marketing time noted in the neighborhood section of this report, unless I have otherwise stated in the reconciliation section. 8. I have personally inspected the subject property and the exterior of all properties listed as comparables in the appraisal report. I further certify that I have noted any apparent or known adverse conditions in the subject improvements, on the subject site, or on any site within the immediate vicinity of the subject property of which I am aware and have made adjustments for these adverse conditions in my analysis of the property value to the extent that I had market evidence to support them. I have also commented about the effect of the adverse conditions on the marketability of the subject property. 9. I personally prepared all conclusions and opinions about the real estate that were set forth in the appraisal report. If I relied on significant professional assistance from any individual or individuals in the performance of the appraisal or the preparation of the appraisal report, I have named such individual(s) and disclosed the specific tasks performed by them in the reconciliation section of this appraisal report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any item in the report; therefore, if an unauthorized change is made to the appraisal report, I will take no responsibility for it. SUPERVISORY APPRAISER'S CERTIFICATION: If a supervisory appraiser signed the appraisal report, he or she certifies and agrees that: I directly supervise the appraiser who prepared the appraisal report, have reviewed the appraisal report, agree with the statements and conclusions of the appraiser, agree to be bound by the appraiser's certifications numbered 4 through 7 above, and am taking full responsibility for the appraisal and the appraisal report. ADDRESS OF PROPERTY APPRAISED: Enola Road, Carlisle, PA, 17013 APPRAISER: ~( r\ _- \ ( . SUPERVISORY APPRAISER (only if required) ~(-)~ I I s. W. Barrett Real Estate & Appraisal Services APPRAISAL OF ~~ f1I~~,. 1l$A.'..':" · .... :".~~.;. ~t ~ .f '"' "..:,,'. File No. 06-0033 LOCATED AT: 671 Old Mill Road Newville, P A 17241-9786 FOR: Irwin & McKnight 60 West Pomfret Street Carlisle, PA 17013 BORROWER: Paul Dick Estate AS OF: S. W. Barrett Real Estate & Appraisal Services File No. 06-0033 I 03/08/2006 Irwin & McKnight 60 West Pomfret Street Carlisle, PA 17013 File Number: 06-0033 Dear Attorney Irwin: In accordance with your request, I have personally inspected and appraised the real property at: 671 Old Mill Road Newville, PA 17241-9786 The purpose of this appraisal is to develop an opinion of the market value of the subject property, as improved. The property rights appraised are the fee simple i~terest in the site and improvements. In my opinion, the estimated market value of the property as of December 17,2005 is: $180,000 One Hundred Eighty Thousand Dollars The attached report contains the description, analysis and supportive data for the conclusions, final estimate of value, descriptive photographs, limiting conditions and appropriate certifications. Respectfully submitted, ~Ci.~ul<L~ Stan A. Skowronek Certified Residential Appraiser 5 SUMMARY APPRAISAL REPORT UNIFORM RESIDENTIAL APPRAISAL REPORT FI N 06 0033 ProDertv De criDtion J e o. - Propertv Address 671 Old Mill Road City Newville State P A ZioCode 17241-9786 Le~al Description Deed Book A-33, paae 694 County Cum berland Assessor's Parcel No. 14-05-0419-007 Tax Year 05/06 R.E. Taxes $ 979.00 Special Assessments $ N/ A Borrower Paul Dick Estate Current Owner Dick, Paul Occupant: r xl Owner 1 Tenant [ J Vacant II Propertv riqhts aooraised r xl Fee Simple 1 Leasehold I Proiect Type r 1 PUD r 1 Condominium (HUON A only) HOA$ N/A /Mo. Neiahborhood or Proiect Name Lower Frankford Township Map Reference 05-0419 Census Tract 0130.00 Sale Price $ N/A Date of Sale N/A Description and $ amount of loan charges/concessions to be paid by seller N/ A Lender/Client Irwin & McKniaht Address 60 West Pomfret Street Carlisle P A 17013 Appraiser Stan A. Skowronek Address 124-126 North Hanover St. Carlisle, Pa. 17013 Location [J Urban l!J Suburban o Rural Predominant Single family housing Present land use % Land use change Built up DOver 75% 00 25-75% o Under 25% occupancy PRICE AGE One family 40% o Not likely o likely $ (ooe) (yrs) Growth rate o Rapid (K] Stable o Slow 00 Owner 95 80 Low New 2-4 family 00/0 00 In process Property values o Increasing 00 Stable o Declining o Tenant 275 Hiqh 100 Multi-family 00/0 To: Residential Demand/supply 0 Shortage 00 In balanoo o OM supply 00 Vacant(0-5%) Predominant Commercial 0% Marketina time n Under 3 mos. rX1 3-6 mos. n Over 6 mos. n Vacant lover 5%\ 140 I 30 Vac ) 60% Note: Race and the racial composition of the neighborhood are not appraisal factors. Neighborhood boundaries and characteristics: The subject is bounded on the north bv the North Mountains, on the east bv LonQs Gap ~ Rd on the south by Newville Rd and on the west by Whiskey Run Rd. . . Factors that affect the marketability of the properties in the neighborhood (proximity to employment and amenities, employment stability, appeal to market, etc.): ~ ~ There are no adverse factors to affect marketability of subject. Diverse stable employment and all supportina amenities are ~ within easy drivina distance. SMSA 3240 Market conditions in the subject neighborhood (including support for the above conclusions related to the trend of property values, demand/supply, and marketing time _ _ such as data on competitive properties for sale in the neighborhood, description of the prevalence of sales and financing concessions, etc.): Property sales records and MLS statistics show a steady moderate increase in property values over the past year. Average marketina time of 80-100 days shows a aood balance of supplv and demand. Few sales and financina concessions are needed in the neiahborhood. . Project Information for PUDs (If applicable) - - Is the developer/builder in control of the Home Owners' Association (HOA)? DYES DNa . Approximate total number of units in the subject project N/A Approximate total number of units for sale in the subject project N/A Describe common elements and recreational facilities: N/A Dimensions See leQal description Topography Rolling Site area 19.95 Acres mil Corner Lot 0 Yes 00 No Size Larger than normal Specific zoning classification and description Aaricultural Shape Irregular Zoning compliance 00 Legal 0 Legal nonconforming (Grandfathered use) 0 Illegal o No zoning Drainage Appears Adeauate Highest & best use as improved: rxr Present use n Other use (explain) View Open countrY Utilities Public Other Off-site Improvements Type Public Private Landscaping Averaae Electricity 00 100 amp Street Macadam 00 0 Driveway Surface Gravel Gas 0 Curb/gutter None 0 0 Apparent easements None Apparent Water DWell Sidewalk None 0 0 FEMA Special Flood Hazard Area DYes 00 No Sanitary sewer o Septic Street lights None R R FEMA Zone X Map Date 03/16/1988 Storm sewer n Allev None FEMA Map No. 421018 0005B Comments (apparent adverse easements, encroachments, special assessments, slide areas, illegal or legal nonconforming zoning, use, etc.): Private water and sanitarY systems are common to the area and have no adverse affect upon marketability. GENERAL DESCRIPTION EXTERIOR DESCRIPTION FOUNDATION BASEMENT INSULATION No. of Units 1 Foundation Cone Blk Slab None Area Sq.Ft. 1416 Roof 0 No. of Stories 1.5*** Exterior Walls Wood Qa~Spaoo None % Finished 0 Ceiling * 00 Type (Det.lAtt.) Detached Roof Surface Fiberglass Basement Full Ceiling Open Joist Walls * 00 Design (Style) 1.5 Story Gutters & Dwnspts. Aluminum Sump Pump No Walls Cone Blk Floor * 00 Existing/Proposed Existing Window Type Wood Frame Dampness Yes** Floor Dirt*/Conc None 0 Age (Yrs.) 56 Storm/Screens Y es/Y es Settlement None Obs Outside Entry Yes Unknown 0 Effective Aqe Yrs.) 20-25 Manufactured House No Infestation None Obs * Utilities on cone * R Factor Unk . ROOMS Fover Livinq DininQ Kitchen Den Familv Rm. Rec. Rm. Bedrooms # Baths Laundry Other Area Sq.Ft. ;, Basement ~ Level 1 1 1 1 2 1 1 1 416 . Level 2 ~ . Finished area above arade contains: 5 Rooms; 2 Bedroomcs); 1 Bath(s); 1,416 Square Feet of Gross LivinQ Area . INTERIOR Materials/Condition HEATING KITCHEN EQUIP. ATTIC AMENITIES CAR STORAGE: Floors Hdwd/Pi ne/Crpt Type HWBB Refrigerator 0 None ~ Fireplace(s) # _ 0 None 0 :. Walls Drywall Fuel Oil Range/Oven 00 Stairs 0 Patio n Garaae 2 iJ. nf r::lrc: Valuation SEfction SUMMARY APPRAISAL REPORT UNIFORM RESIDENTIAL APPRAISAL REPORT File No. 06-0033 ESTIMATED SITE VALUE. . . . . . . . . . . . . . . . . . . . . . . . . . . = $ 75 000 Comments on Cost Approach (such as, source of cost estimate, ESifIMATED REPRODUCTION COST-NEW OF IMPROVEMENTS: site value, square foot calculation and for HUD, VA and FmHA, the Dwelling Sq. Ft. @ $ = $ 0 estimated remaining economic life of the property): Sq. Ft. @ $ = 0 Cost Approach deemed a poor indicator of value due to . = age of the improvements. Estimated remaininQ . Garage/Carport L-Sq.Ft. @$ = 0 economic life is 25-30 years . ~ Total Estimated Cost New . . . . . . . . . . . . . . . . = $ 0 ~ ~ Less Physical I Functional r Exlernal Est. Remaining Econ. Life: . Depreciation = $ 0 Depreciated Value of Improvements . . . . . . . . . . . . . . . . . . . = $ 0 "As-is" Value of Site Improvements. . . . . . . . . . . . . . . . . . . = $ INDICATED VALUE BY COST APPROACH. . . . . . . . . . . = $ N/A ITEM SUBJECT COMPARABLE NO.1 COMPARABLE NO.2 COMPARABLE NO.3 671 Old Mill Road 80 Lay Road 4702 Enola Road 1402 Longs Gap Road Address Newville Newville Newville Carlisle Proximity to Subject 8.8 MI WSW 4.4MIW 5.8 M I E Sales Price $ N/A $ 175,000 $ 155,000 $ 175900 Price/Gross Liv. Nea $ 0.00 lZl $ 129.63 lZl $ 90.33 (lJ $ 85.14 lZl Data and/or Inspection MLS MLS AppData Verification Sources Courthouse Courthouse Courthouse Courthouse VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION r t (-) $ Adjustment DESCRIPTION I + (-) $ Adjustment DESCRIPTION I + (-) $ Adjustment Sales or Financing N/A None,Conv I None, Conv Unknown I I Concessions I DOM 202 , I I Date of Sale/Time N/A 07/14/2005 05/04/2004 I 7,750 09/15/2005 , I I I Location Suburban Suburban I Suburban Suburban I I I Leasehok:jJfee SirTvle Fee Simple Fee Simple I Fee Simple Fee Simple I I Site 19.95 Ac/Avg 27.70 Ac/Avg I -19.375 13.27 Ac/Avg , 16 700 17.185 Ac/Avg 6,912 , I View Open country Open country I Residential I Open Country I I 1.5 StorY/Fair 2 Story/Fair 2 Story/Fair I 2 Story/Fair I Desiqn and Appeal I Quality of Construdbn A veraae AveraQe Average I Average I I Age 56 Years 88 Years I 100 Years , 100 Years I I , I Fair/Averaae Fair (+50/0) I 8750 Fair/Average , Fair/Average Condition , I Above Grade T atal : Bdrms I T otaf : Bdrms I Baths I Total: Bdrms ' Baths , Total : Bdrms I Baths I Baths I I Room Count 15 5: 2: 1.00 6: 3: 1.50 : -1,500 6: 3: 2.00 : -3,000 8: 5: 1.00 : ~ Gross living Area 1.416 Sq.Ft. 1,350 Sq.Ft. I 990 1 716 Sq.Ft. I -4 500 2.066 Sq.Ft. , -9,750 I I ; Basement & Finished Full Bsmtl Full Bsmt/ I Full 8smt/ , Partial Bsmt/ I . I I ~ Rooms Below Grade Unfinished Unfinished I Unfinished I Unfinished I ; Functional Utility Average Average I Average , Average , I I , Heatinq/Cooling HWBB/None HWB8/None I FHA/None , FHA/None , ~ I I . Tvpical Typical I Tvpical I Tvpical ~ Energy Efficient Items I Garage/Carport 2 Car Garaoe 2 Car Garaae I None I 4000 None I 4,000 'T I I I ~ Porch, Patio, Deck, Porches Porches Porch/ I None I 3,500 I Fireplace(s), etc. : 1 Fireplace I , , , Fence, Pool, etc. Barn Barn I PoleBdg/Wkshp : -5 000 Barn I Unfin 2nd Floor None I 10,000 None I 10,000 None 1 0 000 I I I Net Adi. (total) f l + fx l - :$ 1 135 fx + [ 1 - :$ 25 950 [xl + f 1- :$ 14,662 Adjusted Sales Price Gross: 23.2% Gross: 32.90/0 Gross: 19.40/0 of Comparable Net: -0.6% $ 173 865 Net: .16.70/0 $ 180.950 Net: 8.30/0 $ 190 562 Comments on Sales Comparison (including the subject property's compatibility to the neighborhood, etc. ): Opinion of value range is $173 000 to $191,000. Surplus acreaae adjustments are made at $2,500/acre to account for a stream running through the site. Lack of suitable com parables with acreage within the subiect's immediate vicinity reQuired an expanded search area. These are the best sales com parables known to be available. Unfinished second floor of the subject is adjusted as follows: 490 sq. ft. @ $20 per SQ. ft. = $9,800, SAY $10 000. Time adiustment is made at 50/0 for one year. ITEM SUBJECT COMPARABLE NO.1 COMPARABLE NO.2 COMPARABLE NO.3 Date, Price and Data 11/06/1987 01/31/2005 07/12/1990 Source for prior sales $100,000 $1.00 $100,000 N/A within year of appraisal Courthouse Courthouse Courthouse Newlv subdivided Analysis of any current agreement of sale, option, or listing of the subject property and analysis of any prior sales of subject and comparables within one year of the date of appraisal: No prior transfers of the subject within the past 36 months and no prior transfers of comparable #1 within 12 months of its sale date. Comparable #2 transferred on Januarv 31 2005 for $1.00. Comparable #3 is newlv subdivided. INDICATED VALUE BY SALES COMPARISON APPROACH . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 180 000 II INDICATED VALUE BY INCOME APPROACH (If Applicable) Estimated Market Rent $ N/A /Mo. x Gross Rent Mu~iplier N/A = $ N/A This appraisal is made 00 "as is" o subject to the repars, alterations, inspections or conditions listed below o subject to completion per plans and specifications. Condttions of Appraisal: The property has been appraised in current condition. This is for the clients use only. I FLOORPLAN Borrower: Paul Dick Estate Property Address: 671 Old M ill Road City: Newville Lender: Irwin & McKni ht File No.: 06-0033 Case No.: State: P A Zip: 17241-9786 I----~-~_._- i I I I I Kitchen Bath Bedroom Bedroom illIIIIIIBHB- Dining // / / Cov)!resrP9'ch //. / ./ / / ,/ / / / Living / / / // // ../ /' // . Gov..eres1?9fCh. / ///"/ // /// / / . / / //%/' /~// / //////./.. .//~/ . . /. / / /l)1') frn r$h~" ' . // // / / .. /" /~ /// /// '/ / / //// / // / /I)f7e / /// / / / //" //. // ///// // // // / / // / / / / / / / // / / / / / / / / //></// / / / / ," /" / / / / /1 // // Sketch by Apex IV Windows ™ Code Description Size Totals GLA1 First Floor 1416.00 1416.00 pIp Covered Porch 96.00 Covered Porch 77.00 Covered Porch 60.00 233.00 OTH Unfinished Area 490.00 490.00 LIVING AREA BREAKDOWN Breakdown Subtotals AREA CALCULATIONS SUMMARY First Floor 8.0 x 16.0 x 28.0 x 10.0 31.0 30.0 80.00 496.00 840.00 Borrower: Paul Dick Estate Property Address: 671 Old M ill Road City: Newville Lender: Irwin & McKniaht State: PA Zip: 17241-9786 FRONT VIEW OF SUBJECT PROPERTY Appraised Date: December 17, 2005 Appraised Value: $ 180,000 REAR VIEW OF SUBJECT PROPERTY STREET SCENE Borrower: Paul Dick Estate Property A..ddress:671 Old Mill Road City: Newville Lender: Irwin & McKniaht -. State: PA -----~----------~_.---------~._-~".---.--- File No.: 06-0033 Case No.: Zip: 17241-9786 COMPARABLE PROPERTY PHOTO ADDENDUM File No.: 06-0033 Case No.: Borrower: Paul Dick Estate Property ,A.qdress: 671 Old Mill Road City: Newville Lender: Irwin & McKniaht State: PA Zip: 17241-9786 ...---- - ---- - COMPARABLE SALE #1 80 Lay Road Newville Sale Date: 07/14/2005 Sale Price: $ 175,000 COMPARABLE SALE #2 4702 Enola Road Newville Sale Date: 05/04/2004 Sale Price: $ 155,000 COMPARABLE SALE #3 1402 Longs Gap Road Carlisle Sale Date: 09/15/2005 Sale Price: $ 175,900 LOCA1\ON MAP r\\e No.: 06-0033 Case No.: 2\ : 11241-9186 ower. paul DicK Estate ert Jl,ddress:611 Old Mill Road : NeWVl\\e 1der: \rw\n & McKn\ ht _::::.------:::::::------- \ ... state', pA ~~~--~--- \ ~) /( /~/' ,/ \ \\ ; ; ( ff'~ IV /jl File No. 06-0033 ********* QUALIFICATIONS ********* The following checked items are SPECIFIC SPECIAL CONDITIONS that were identified by this appraiser during the inspection of the subject property, the com parables sales, and their neighborhoods and locations. Unless otherwise noted, the conditions that apply to the subject property or the comparable sales used DO NOT AFFECT THE MARKET VALUE OR THE FUTURE MARKETABILITY OF THE SUBJECT PROPERTY BEING APPRAISED. This is not a home inspection service. This is an appraisal to estimate market value. _1. The subject is located in a rural area and is less than 250/0 built-up. 2. Commercial/Industrial uses are located within the subject's neighborhood. These uses are typical of similar neighborhoods. _x_3. Vacant and undeveloped land uses are located within the subject's neighborhood. These uses are typical for the area. _x_ 4. The predominant value in the neighborhood is less than that of the market value of the subject property. This is due to the very wide range of value of properties in the area and superior quality of the subject property. _5. The subject property is located in a F.E.M.A. Identified Flood Zone. Flood insurance coverage is required and suggested. _6. Dampness is noted in the basement of the subject. Standing or running water was not present on basement floor. This condition is considered typical in dwellings of this style. _x_7. The subject property is serviced by private well and/or septic systems which is common for the area. _x_8. The subject is older than five(5) years. All mechanical systems including the heating, electrical and plumbing systems appear upon a visual exterior inspection to be in working order. No warranties are implied in this statement. _9. Repair items were noted in the comments section of the report. These comments on repair items are for descriptive purposes only and are not required repairs. The items listed are cosmetic in nature. _10. The basement floor is a dirt floor. This condition is common and typical for the area. and does not pose a health or safety hazard. _11. The subject property does contain functional obsolescence as noted in the report. This condition is considered typical and common for the area and this style dwelling. _12. The land value exceeds 300/0 of total value due to the high demand for vacant land in this neighborhood. This condition is considered common and typical for the neighborhood. _x_13. The land value exceeds 300/0 of total value. This is due to the large size of the site. This condition is considered to be typical and common. _14. Individual adjustments were required that exceed 150/0. These adjustments were required due to lack of more similar comparables on that individual rating. All comparables used are the best available. _x_15. Total adjustments exceed 250/0. This is due to the lack of comparable sales that were more similar in the subject's market area. All comparables used are the best available. _x_16. One or more comparable sales are older than six(6) months. Although there are comparable properties in the subject's area, none have sold recently; therefore, sales in excess of six(6) months have to be used. All com parables used are the best available. _x_17. One or more com parables used were in excess of one (1) mile from the subject property. Although there are comparable properties in the immediate area, none have sold recently. Therefore, it was necessary to use comparable sales outside of the immediate area. All comparables used are located in similar neighborhoods and within the same marketing area. All comparables used are the best available. _18. The electrical system was not connected during inspection. File No. 06-0033 r- · I I I I I ********* QUALIFICATIONS ********* _24. The subject property is located on a private road. _25. Wood infestation inspection is suggested. x_26. Last recorded deed transfer: Date_11/06/1987_, Consideration: $_$100,000_. _27. Proposed construction/renovation in accordance to plans and specifications to be completed in a workman-like manner. _28. Seller is paying part or all of closing costs. _x_29. All comparable sales are verified closed sales. _x_30. There are no special conditions or other requirements that would affect market value or future marketability in the Appraisal Report. CHECKED ITEMS ARE SPECIFIC SPECIAL CONDITIONS THAT WERE IDENTIFIED BY THIS APPRAISER DURING INSPECTION. File No. 06-0033 ********* QUALIFICATIONS ********* Confidentiality and Security Policy We consider privacy to be fundamental to our relationship with clients. We are committed to maintaining the confidentiality, integrity and security of clients' personal information. Internal policies have been developed to protect this confidentiality, while allowing client needs to be served. We restrict access to personal information to authorized individuals who need to know this information to comply with federal standards to protect your nonpublic personal information. We do not disclose this information about you or any former consumers or customers to anyone, except as permitted by law. The law permits us to share this information with our affiliates. The law also permits us to share this information with companies that perform marketing. When we share non public information referred to above, the information is made available for limited purposes and under controlled circumstances. We require third parties to comply with our standards for security and confientiality. We do not permit use of consumer/customer information for any other purpose nor do we permit third parties to rent, sell, trade or otherwise release or disclose information to any other party. Education As of the date of this report, I andlor Steven W. Barrett, SRPA, SRA, have completed the requirements under the continuing education program of the Appraisal Institute. File No. 06-0033 DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised, and each acting in what he considers his own best interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions. granted by anyone associated with the sale. · Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the Appraiser's judgment. STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION CONTINGENT AND LIMITING CONDITIONS: The appraiser's certification that appears in the appraisal report is subject to the following conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it. The appraiser assumes that the title is good and marketable and, therefore, will not render any opinions about the title. The property is appraised on the basis of it being under responsible ownership. 2. The appraiser has provided a sketch in the appraisal report to show approximate dimensions of the improvements and the sketch is included only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of its size. 3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in the appraisal report whether the subject site is located in an identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. 4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand. 5. The appraiser has estimated the value of the land in the cost approach at its highest and best use and the improvements at their contributory value. These separate valuations of the land and improvements must not be used in conjunction with any other appraisal and are invalid if they are so used. 6. The appraiser has noted in the appraisal report any adverse conditions (such as, needed repairs, depreciation, the presence of hazardous wastes, toxic substances, etc. ) observed during the inspection of the subject property or that he or she became aware of during the normal research involved in performing the appraisal. Unless otherwise stated in the appraisal report, the appraiser has no knowledge of any hidden or unapparent conditions of the property or adverse environmental conditions (including the presence of hazardous wastes, toxic substances, etc. ) that would make the property more or less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied, regarding the condition of the property. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, the appraisal report must not be considered as an environmental assessment of the property. 7. The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal report from sources that he or she considers to be reliable and believes them to be true and correct. The appraiser does not assume responsibility for the accuracy of such items that were furnished by other parties. 8. The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice. 9. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion, File No. 06.Q033 APPRAISERS CERTIFICATION: The Appraiser certifies and agrees that: 1. I have researched the subject market area and have selected a minimum of three recent sales of properties most similar and proximate to the subject property for consideration in the sales comparison analysis and have made a dollar adjustment when appropriate to reflect the market reaction to those items of significant variation. If a significant item in a comparable property is superior to , or more favorable than, the subject property, I have made a negative adjustment to reduce the adjusted sales price of the comparable and, if a significant item in a comparable property is inferior to, or less favorable than the subject property, I have made a positive adjustment to increase the adjusted sales price of the comparable. 2. I have taken into consideration the factors that have an impact on value in my development of the estimate of market value in the appraisal report. I have not knowingly withheld any significant information from the appraisal report and I believe, to the best of my knowledge, that all statements and information in the appraisal report are true and correct. 3. I stated in the appraisal report only my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the contingent and limiting conditions specified in this form. 4. I have no present or prospective interest in the property that is the subject to this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis andlor the estimate of market value in the appraisal report on the race, color, religion, sex, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property. 5. I have no present or contemplated future interest in the subject property, and neither my current or future employment nor my compensation for performing this appraisal is contingent on the appraised value of the property. 6. I was not required to report a predetermined value or direction in value that favors the cause of the client or any related party, the amount of the value estimate, the attainment of a specific result, or the occurrence of a subsequent event in order to receive my compensation andlor employment for performing the appraisal. I did not base the appraisal report on a requested minimum valuation, a specific valuation, or the need to approve a specific mortgage loan. 7. I performed this appraisal in conformity with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place as of the effective date of this appraisal, with the exception of the departure provision of those Standards, which does not apply. I acknowledge that an estimate of a reasonable time for exposure in the open market is a condition in the definition of market value and the estimate I developed is consistent with the marketing time noted in the neighborhood section of this report, unless I have otherwise stated in the reconciliation section. 8. I have personally inspected the interior and exterior areas of the subject property and the exterior of all properties listed as com parables in the appraisal report. I further certify that I have noted any apparent or known adverse conditions in the subject improvements, on the subject site, or on any site within the immediate vicinity of the subject property of which I am aware and have made adjustments for these adverse conditions in my analysis of the property value to the extent that I had market evidence to support them. I have also commented about the effect of the adverse conditions on the marketability of the subject property. 9. I personally prepared all conclusions and opinions about the real estate that were set forth in the appraisal report. If I relied on significant professional assistance from any individual or individuals in the performance of the appraisal or the preparation of the appraisal report, I have named such individual(s) and disclosed the specific tasks performed by them in the reconciliation section of this appraisal report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any item in the report; therefore, if an unauthorized change is made to the appraisal report, I will take no responsibility for it. SUPERVISORY APPRAISER'S CERTIFICATION: If a supervisory appraiser signed the appraisal report, he or she certifies and agrees that: I directly supervise the appraiser who prepared the appraisal report, have reviewed the appraisal report, agree with the statements and conclusions of the appraiser, agree to be bound by the appraiser's certifications numbered 4 through 7 above, and am taking full responsibility for the appraisal and the appraisal report. ADDRESS OF PROPERTY APPRAISED: 671 Old Mill Road, Newville, PA 17241-9786 File No.: 06-0033 Case No.: Borrowe~ Paul Dick Estate Property Address: 671 Old Mill Road City: Newville lender: Irwin & McKni ht ~ I , ~ L... State: PA Zip: 17241-9786 ~ ~ FloodMap Legend I-I00d IntollllatlOn "^I"P\PllU"';'''''''- .A")ttrit'JI 1/""\'........,......,... ^.....J,.'^-...... ____u...........- -- S. W. BARRETT REAL ESTATE & APPRAISAL SERVICES File No. 06-0031 APPRAISAL OF LOCATED AT: Enola Road Carlisle, PA 17013 FOR: Irwin & McKnight 60 West Pomfret Street Carlisle, PA 17013 BORROWER: Paul DICK Estate AS OF: S. W. BARRETT REAL ESTATE & APPRAISAL SERVICES File No. 06-0031 03/07/2006 Irwin & McKnight 60 West Pom fret Street Carlisle, PA 17013 File Number: 06-0031 Dear Sir or Madam: In accordance with your request. I have personally inspected and appraised the real property at: Enola Road Carlisle, PA 17013 The purpose of this appraisal is to develop an opinion of the market value of the subject property, as vacant. The property rights appraised are the fee simple interest in the site. In my opinion, the estimated market value of the property as of December 17,2005 is: $19,000 Nineteen Thousand Dollars The attached report contains the description. analysis and supportive data for the conclusions. final estimate of value, descriptive photographs, limiting conditions and appropriate certifications. Respectfully subm itted, ~ ~\ll rUAi'( Stan A. Skowronek Certified Residential Appraiser Borrower: Paul DICK Estate Property Address: Enola Road City: Carlille Lender: Irwin & McKnight State: PA Zip: 17013 FRONT VIEW OF SUBJECT PROPERTY Appraised Date: December 17, 2005 Appraised Value: $ 19,000 REAR VIEW OF SUBJECT PROPERTY STREET SCENE ~ LOCA liON MAP F\\e No.: 06-0031 Case No.: rrower: paul D\CK Estate o ert AddresS: Eoola Road I : car\is\e ander: \rW,n & McKn' ht _:--- ,,'._".,. ff- ~) .~...._// \ .> ( , \ ';1 ! -~ / " ;/ \ . \ '\ "" \~~H~ ; '\ i ( ~ ". /',\'? \ (-:'(\" - ---"--- \ 0' }.... \, ~~\ \~{") t I. 1 ( I ; . I " J -,---'......... -/) ~ . SUMMARY APPRAISAL REPORT LAND APPRAISAL REPORT File No. 06-0031 Prof;erty Address Enola Road Census Tract 0119.00 LENDER DISCRETIONARY USE City Carlisle County Cumberland State P A ZioCode 17013 Sale Price $ Leqal Description Deed Book 193, page 649 Tax 10 # 29-04-0377-036 Date Owner/Occupant Dick Paul E. Ma Reference 04-0377 Mortgage Amount $ II Sale Price $ N/ A Date of Sale N/ A Property Rights Appraised Mortgage Type Loan charges/concessions to be paid by seller $ N/ A [X) Fee Simple Discount Points and Other Concessions R.E. Taxes $ 45.00 Tax Year 05/06 HOA $/Mo. N/ A 0 Leashold Paid by Seller $ Lender/Client Irwin & McKnioht R Condominium (HUON A) 60 West Pomfret Street Carlisle, PA 17013 PUD Source LOCATION DUrban l!J Suburban o Rural NEIGHBORHOOD ANALYSIS Good Avg Fair Poor BUlL T UP o Over 75% 00 25-75% o Under 25% Employment Stability 00000 GROWTH RATE o Rapid 00 Stable o Slow Convenience to Employment 00000 PROPERTY VALUES o Increasing 00 Stable o Declining Convenience to Shopping 00000 DEMAND/SUPPL Y o Shortage 00 In Balance o Over Supply Convenience to Schools 00000 MARKETING TIME n Under 3 Mos. 00 3-6 Mos. n Over 6 Mos. Adequacy of Public Transportation 0000 ~ PRESENT LAND USE % LAND USE CHANGE PREDOMINANT SI>G.E FAMlL YHOUSING Recreation Facilities 00000 ~ 00 00000 . Single Family 1 OOIc Not Likely OCCUPANCY PRICE AGE Adequacy of Facilities ~ - 0 00 00000 2-4 Family 001<< Likely Owner $(000) (yrs) Property Compatibility ~ - 0 0 00000 Multi-Family ~ In process Tenant 75 Low 20 Protection from Detrimental Condo Commercial ~ To: Vacant (0-5%) 00 90 High 75 Police & Fire Protection 00000 Industrial OOIc Vacant (over 5%) 0 Predominant General Appearance of Properties R~RR Vacant 9001<< 80- 50 Appeal to Market Note: Race or the racial composition of the neighborhood are not considered reliable appraisal factors. COMMENTS The subject acreaoe is located at the top of the North Mountains In North Middleton Township with the only known egress being via foot per Mr. Richard Dick. Inspection was from a distance due to the difficulty of access. Dimensions See leaal description Topography Mountain Site Area 16 Acres m/I Corner Lot No Size Typical for area Zoning Classification Conservation Zoning Compliance Yes Shape Irregular HIGHEST & BEST USE: Present Use Present Other Use None Drainage Appears Adeauate UTILITIES Public Other SITE IMPROVEMENTS Type Public Private View Woods Electricity 0 None Street N/A 0 0 Landscaping N/A Gas 0 None Curb/Gutter N/A 0 0 Driveway N/A Water 0 None Sidewalk N/A 0 0 Apparent Easements None Apparent Sanitary Sewer o None Street Lights N/A R R FEMA Flood Hazard Yes. No X Storm Sewer n None Allev N/A FEMA. MaD/Zone 420367 0005 B/Zone C Comments (Apparent adverse easements, encroachments, special assessments, slide areas, etc.): There appears to be no apparent adverse easements encroachments or other adverse conditions. The only know access to the property is on foot per Mr. Richard Dick. The undersigned has recited three recent sales of properties most similiar and proximate to subject and has considered these in the market analysis. The description includes a dollar adjustment. reflecting market reaction to those items of significant variation between the subject and comparable properties. If a significant item in the comparable property is superior to, or more favorable than, the subject property, a minus (-) adjustment is made, thus reducing the indicated value of subject; if a significant item in the comparable is inferior to, or less favorable than, the subject properly, a plus (+) adjustment is made, thus increasing the indicated value of the subject. ITEM SUBJECT COMPARABLE NO.1 COMPARABLE NO.2 COMPARABLE NO.3 Enola Road 15-03-0059-050 31-12-0328-058 31-13-0110-010 Address Carlisle Pioeline Rd Newville Mt. View Road, Newville Farm Road, Newville Proximity to Subject 12.9 MI W 17.7 MI SW 15.5 MI SW Sales Price $ N/A $ 19,000 $ 20,000 $ 18,000 Price/ Acre $ o $ 12390 $ 1600 0 $ 9150 Data Source Owner/Crthse Courthouse Records Courthouse Records Courthouse Records .. VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION I +( -)$ Adjustment DESCRIPTION I +( -)$ Adjustment DESCRIPTION , +( -)$ Adjustment ~ Sales or Financing Unknown Unknown I Unknown I I ;; Concessions I ~ Date of Salemme N/A 02/24/2004 I 62 04/29/2005 I 08/18/2004 I 46 I I , . Location Suburban Suburban Suburban I Suburban , I I I SiteNiew 16 Ac/Woods 15.34 AclWoods I 12.5 Ac/Woods I 19.68 AclWoods I I I Access Limited Limited Rd. Access(20%) : -320 Limited I I T opographv Mountains Mountains I Mountains I Mountains I , I I , I I I , I I Net Adj. (total) rxl + [l- :$ 62 r 1 + rxl- :$ 320 rxl + I 1- :$ 46 Indicated Value Gross: 5.0 I Gross: 20.0 I Gross: 5.0 I of Subiect Net: 5.0 $ 1.301 Net: -20.0 $ 1,280 Net: 5.0 $ 961 ,...._____1.._ _L l""_I_ _ ,.....~ ""--~--"'- r ~ .. .. Borrower: AKERS, Estate Property Address: Enola Road City: Carlisle lender: Irwin & McKniaht ., State: PA r I I j I Zip: 17013 FRONT VIEW OF SUBJECT PROPERTY Appraised Date: December 17,2005 Appraised Value: $ 19,000 REAR VIEW OF SUBJECT PROPERTY STREET SCENE LOCATION MAP File No.: 06-0031 Case No.: Zi : 17013 Borrower: AKERS Estate Pro er Address: Enola Road Cit : Carlisle Lender: Irwin & McKniaht \ State: PA == - ~ ,) ~.-"-...._, /../:.- ,. '-/ \ > .r' I /.' \. \, I t I '""- // '\ , "\ ; .J f }' ...,./ /'----/7'-; .... 1'/ /~1- ,,\~O\l"{ /" "....""'/----.,r/ / ( ,..... ----,--..1 ,;~.....,.., N"''' J -.9~/ ) I ! ./ :r-/ i ---/--/ File No. 06..Q031 ********* QUALIFICATIONS ********* The following checked items are SPECIFIC SPECIAL CONDITIONS that were identified by this appraiser during the inspection of the subject property, the comparables sales, and their neighborhoods and locations. Unless otherwise noted, the conditions that apply to the subject property or the comparable sales used DO NOT AFFECT THE MARKET VALUE OR THE FUTURE MARKETABILITY OF THE SUBJECT PROPERTY BEING APPRAISED. This is not a home inspection service. This is an appraisal to estimate market value. _x_1. The subject is located in a rural area and is less than 250/0 built-up. _ _2. Commercial/Industrial uses are located within the subject's neighborhood. These uses are typical of similar neighborhoods. _x_3. Vacant and undeveloped land uses are located within the subject's neighborhood. These uses are typical for the area. _ _4. The predominant value in the neighborhood is less than that of the market value of the subject property. This is due to the very wide range of value of properties in the area and superior quality of the subject property. _5. The subject property is located in a F.E.M.A. Identified Flood Zone. Flood insurance coverage is required and suggested. _6. Dampness is noted in the basement of the subject. Standing or running water was not present on basement floor. This condition is considered typical in dwellings of this style. x_7. The subject property is serviced by private well and/or septic systems which is common for the area. _ _8. The subject is older than five(S) years. All mechanical systems including the heating, electrical and plumbing systems appear upon a visual exterior inspection to be in working order. No warranties are implied in this statement. _9. Repair items were noted in the comments section of the report. These comments on repair items are for descriptive purposes only and are not required repairs. The items listed are cosmetic in nature. _10. The basement floor is a dirt floor. This condition Is common and typical for the area. and does not pose a health or safety hazard. _11. The subject property does contain functional obsolescence as noted in the report. This condition is considered typical and common for the area and this style dwelling. _12. The land value exceeds 300/0 of total value due to the high demand for vacant land in this neighborhood. This condition is considered common and typical for the neighborhood. _13. The land value exceeds 300/0 of total value. This is due to the large size of the site. This condition is considered to be typical and common. _14. Individual adjustments were required that exceed 15%. These adjustments were required due to lack of more similar com parables on that individual rating. All com parables used are the best available. _ _15. Total adjustments exceed 250/0. This is due to the lack of comparable sales that were more similar in the subject's market area. All com parables used are the best available. _x_16. One or more comparable sales are older than six(6) months. Although there are comparable properties in the subject's area, none have sold recently; therefore, sales in excess of six(6) months have to be used. All comparables used are the best available. _x _17. One or more com parables used were in excess of one (1) mile from the subject property. Although there are comparable properties in the immediate area, none have sold recently. Therefore, it was necessary to use comparable sales outside of the immediate area. All comparables used are located in similar neighborhoods and within the same marketing area. All com parables used are the best available. _18. The electrical system was not connected during inspection. . File No. 06..Q031 r · ********* QUALIFICATIONS ********* _24. The subject property is located on a private road. _25. Wood infestation inspection is suggested. _ x26. Last recorded deed transfer: Date_02/01/1999_, Consideration: $_1.00 _27. Proposed construction/renovation in accordance to plans and specifications to be completed in a workman-like manner. _28. Seller is paying part or all of closing costs. _x_29. All comparable sales are verified closed sales. _x_30. There are no special conditions or other requirements that would affect market value or future marketability in the Appraisal Report. CHECKED ITEMS ARE SPECIFIC SPECIAL CONDITIONS THAT WERE IDENTIFIED BY THIS APPRAISER DURING INSPECTION. 1 f. \oi ~1 ~ ~~. ~ f:'. I ,.. f:l ~ I ."; ~i ~J ~: \.1 ~ \. ~ ~ \~ f~ ~; (-~ ~i'~ l..t~ ~~! i.~~ ;~ i- ~" ,'1 :4- :~. ..4 If \1 :1 11\ ~ ":\ 1.~1 ,'-," ; l' . File No. 06-0031 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 I each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised. and each acting in what he considers his own best interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions. granted by anyone associated with the sale. * Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financing adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional lender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanical dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's reaction to the financing or concessions based on the Appraiser's judgment. STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION CONTINGENT AND LIMITING CONDITIONS: The appraiser's certification that appears in the appraisal report is subject to the following conditions: 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it. The appraiser assumes that the title is good and marketable and, therefore, will not render any opinions about the title. The property is appraised on the basis of it being under responsible ownership. 2. The appraiser has provided a sketch in the appraisal report to show approximate dimensions of the improvements and the sketch is included only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of its size. 3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other data sources) and has noted in the appraisal report whether the subject site is located in an identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees. express or implied, regarding this determination. 4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand. 5. The appraiser has estimated the value of the land in the cost approach at its highest and best use and the improvements at their contributory value. These separate valuations of the land and improvements must not be used in conjunction with any other appraisal and are invalid if they are so used. 6. The appraiser has noted in the appraisal report any adverse conditions (such as, needed repairs, depreciation. the presence of hazardous wastes, toxic substances, etc. ) observed during the inspection of the subject property or that he or she became aware of during the normal research involved in performing the appraisal. Unless otherwise stated in the appraisal report, the appraiser has no knowledge of any hidden or unapparent conditions of the property or adverse environmental conditions (including the presence of hazardous wastes, toxic substances, etc. ) that would make the property more or less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied, regarding the condition of the property. The appraiser will not be responsible for any such conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, the appraisal report must not be considered as an environmental assessment of the property. 7. The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal report from sources that he or she considers to be reliable and believes them to be true and correct. The appraiser does not assume responsibility for the accuracy of such items that were furnished by other parties. 8. The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice. 9. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory completion, repairs, or alterations on the assumption that completion of the improvements will be performed in a workmanlike manner. . File No. 06-0031 APPRAISERS CERllFICA liON: The Appraiser certifies and agrees that: 1. I have researched the subject market area and have selected a minimum of three recent sales of properties most similar and proximate to the subject property for consideration in the sales comparison analysis and have made a dollar adjustment when appropriate to reflect the market reaction to those items of significant variation. If a significant item in a comparable property is superior to , or more favorable than, the subject property, I have made a negative adjustment to reduce the adjusted sales price of the comparable and, if a significant item in a comparable property is inferior to, or less favorable than the subject property, I have made a positive adjustment to increase the adjusted sales price of the comparable. 2. I have taken into consideration the factors that have an impact on value in my development of the estimate of market value in the appraisal report. I have not knowingly withheld any significant information from the appraisal report and I believe, to the best of my knowledge, that all statements and information in the appraisal report are true and correct. 3. I stated in the appraisal report only my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the contingent and Limiting Conditions specified in this form. 4. I have no present or prospective interest in the property that is the subject to this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or the estimate of market value in the appraisal report on the race, color, religion, sex, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or occupants of the properties in the vicinity of the subject property. 5. I have no present or contemplated future interest in the subject property, and neither my current or future employment nor my compensation for performing this appraisal is contingent on the appraised value of the property. 6. I was not required to report a predetermined value or direction in value that favors the cause of the client or any related party, the amount of the value estimate, the attainment of a specific result, or the occurrence of a subsequent event in order to receive my compensation and/or employment for performing the appraisal. I did not base the appraisal report on a requested minimum valuation, a specific valuation, or the need to approve a specific mortgage loan. 7. I performed this appraisal in conformity with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place as of the effective date of this appraisal, with the exception of the departure provision of those Standards, which does not apply. I acknowledge that an estimate of a reasonable time for exposure in the open market is a condition in the definition of market value and the estimate I developed is consistent with the marketing time noted in the neighborhood section of this report, unless I have otherwise stated in the reconciliation section. 8. I have personally inspected the subject property and the exterior of all properties listed as comparables in the appraisal report. I further certify that I have noted any apparent or known adverse conditions in the subject improvements, on the subject site, or on any site within the immediate vicinity of the subject property of which I am aware and have made adjustments for these adverse conditions in my analysis of the property value to the extent that I had market evidence to support them. I have also commented about the effect of the adverse conditions on the marketability of the subject property. 9. I personally prepared all conclusions and opinions about the real estate that were set forth in the appraisal report. If I relied on significant professional assistance from any individual or individuals in the performance of the appraisal or the preparation of the appraisal report, I have named such individual(s) and disclosed the specific tasks performed by them in the reconciliation section of this appraisal report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any item in the report; therefore, if an unauthorized change is made to the appraisal report, I will take no responsibility for it. SUPERVISORY APPRAISER'S CERllFICA liON: If a supervisory appraiser signed the appraisal report, he or she certifies and agrees that: I directly supervise the appraiser who prepared the appraisal report, have reviewed the appraisal report, agree with the statements and conclusions of the appraiser, agree to be bound by the appraiser's certifications numbered 4 through 7 above, and am taking full responsibility for the appraisal and the appraisal report. ADDRESS OF PROPERTY APPRAISED: Enola Road, Carlisle, PA, 17013 .--{ r" r-"" J \ i' SUPERVISORY APPRAISER (only if required) ~ II ~-- /1 APPRAISER: . 1,/ I)) a1l" eLl J , I~, . ~L:~~ iflf9 ~V' ~) #.-. f ,,1' 1;11 I'!? .~ I~V ~ ~\~. OMS NO. 2li02~265 ,=r . A. B. TYPE OF LOAN: U.S. OEPARTMENT OF HOUSING & URBAN DEVELOPMENT 1.0FHA 2.0FmHA J. DCONV. UNINS. ".OVA s.DcONV. INS. 6. FILE NUMseR: \7. LOAN NUMBER: 5 ETTL.EMENT STATEMENT 01201 8. MORTGAGE INS CASE NUMBER: C. NOTE: Thl:o farm I:: fum/:JhQd 10 f1lvo you Q :ora/omit"' of ac'u.' :JlHllom"nl r:a:ts. Amoun'.: paid 10 Qnd by rhe ~"ttJemonl Dgenr II", ahown. IItfms markod 7POC;r WOrD paid 0U13id., tho cto"ng; (hey OIlJ :!:.hown htJ", lar Informal/enol purpa:;o:i end 4"' not In,tudod In the ro/4/:. 1.0 :wo /01'01 ,'IOI)lOUOI"'" D. NAME AND ADDRESS OF BORROWER: E. NAME AND ADDRESS OF SELLERl F. NAME AND ADDRESS OF LENDER: P:1ul W. GellDI And E'JAtc of P:lul E. Dick and Fred A. Gonys Annono Burns lr3ct or Land In Nonh Mlddlelcn G. PROPERTY LOCATION: H. SETILEMENT AGENT: 25-1876783 I. SETTLEMENT DAT=: Tr;ct or l.;lnd In North Mlddloton Ab:maCl Senlemenl nnd ProPDny Sarvlcc:. Ifle April 1 a. 2006 Cumberland County. Ponnayhrgnlg PLACE OF SElTLEMENT Pan or 29.04.0377-030 227 Nonh Ouke Slraot Lot Nos. 3 & 4 or Iho Flnul Su bdiwllllon Plan or ECUIID Df PA LanCJGIQr. P;\ 17602 J. SUMMARY OF BORROWER'S TRANSACTION K. SUMMARY OF SELLER'S TRANSACTION 100. GROSS AMOUNT DUE FROM BORROWER: ....00. GROSS AMOUNT DUE TO SELLER: 1Q1. CentrD" SalDs Prlc.a 396 B85.00 "'01. Contracl SaleD Prlco 395.885.00 102. pOflon4il1 PrOP!HN I 402. Personal ProoerN I 103. Scnlemenl enartJl)' 10 Borrower (Line 14001 9461.10 olOJ. I 104. I 404. I 105. .1 405. I Ad/IJ:tmtlnr~ For JI~m:J PDld By Sail",. In adlll'lnco AdJu:umtJnI:; For ""m~ Pofd Bv Sal/or In QdVllnC12 106. ClrvfTown TilllO:l to I 406. Cllyrrown Ta-05 10 107. County TClxas \0 .407. CcunlY Ta)(o~ Ie 10B. Scheel TaxolS \0 -40B. Sc:hDOI T~.o' III 10a. SUI/Dill Partlen of CIl B. TWD TAX 417.57 409. 8uYQrr; Panlon of Co & TWD Tix 417.57 110. Buvera ponlon of Scheol Tax ! 71.~;J ,'O"~90 410. BUYrJl1) ponlon of ScnDCI1 a. / -, / 7 .-: '. 101.UO ",. I 41'. '12. I 412. I 120. GROSS AMOUNT DUE FROM BORROWER (I C S; 'f ), ..j) .t06;B64~~T 420. GROSS AMOUNT DUE TO SELLER ~(// C i~, If <~ I 39'7.403.57 200. AMOUNTS PAID BY OR IN BEHALF OF BORROWER: 500. REDUCTIONS IN AMOUNT DUE TO SELLER: 201. DeDaal1 or oarnQ:Jl mDney I 501. ExCM& Df.tlJoslt (Soo In:Urucllon61 I 202. Prlnelosl Amounl of Now LODnea) I 502. SDlllam~nl Chiilroe, tD SellorrUna '''\001 I 32. BJ6.32 203. Exlsllnq 103n1if laken sub/oellD I 503. 8dsllnq laan{~l tDkell Dubloclto I 204. 504. P:Jyoff Df lIr&t MonRAga 10 Goldbeck McCalCarly & I i4.B52.1G 205. 505. Payoll Dt zoecDnd Mon!:laa., 10 HeR MQncr C;Jrc ~nd Sc 20.tiJ:J.::i5 206. 506. 207. 507. 208. 508. 209. I 509. AdJu::lmtJnfs Fer Itftm: Un~Djd By Sollor . AdJIJ:tmont~ For lIem:; Unpaid BIf StJ/I~r 210. CllVrTcwn Ta.o5 to I 510. Cltyrrawn Talen ID 211. County Taxe3 10 I 511. County Tlno, 10 212. School T,u(~ 10 512. St;hDoIT311ca Ie 213. 513. 214. 514. 215. 51S. I 216. I 516. I 217. 517. I 218. 51B. I 219. 51S. I 220. TOTAL PAID BY/'FOR BORROWER I 520. TOTAL. REDUCTION AMOUNT OUE SEl.LER 1~e,524.03 JOD. CASH A.T SETTLEMENT FROMlTO BORROWER: 600. CASH AT SETTLEMENT TOIFROM SELLER: 301. GrD~' Amount DUD From Borrowor (L1no 1201 I 406.864.87 601. Grc36 AmoUnl DUD To Saller(L1ne 420l 1, I I J {'. II -:. J9";~03.57 302. Less Amounl PaId By/For Borrowar (L/nt) 220) . l ) 602. Len Roducllon=, DUD Seller (L1nCl 520) ( 128.524.03 JOJ. CASH ( X FROM J ( TO) BORROWER ilL:) WllL.5 ; -4*;8S478~ 603. CASH ( X TO J r FROM) sELL~R I .2G8,819,64 '. ") /() { I . \ I ./ /'1 Sol/or ~, "I.'~ i EalulD of t"~U1 ~ D.I~k~n~ Fre~ . GOItYll .- / /./' / -1 'f1itr/ ...,.. BY: e ~ '/ ,/ ~. '- 'Wt!" ~l Jj,o. < Tho undotllgnad horeby gcknowledgo rfJc.clpl or g c:omplclod copy of PDDU 1&2 of lhl:; :;Ialemont & any 5l1t5lchmonts rolorrod \0 huroln. -- . . I'''U'' 'J L SETTLEMENT CHARGES 700. TOTAL COMMISSION BOI8Gd Dn Pr ca S It!J ,", ~"It~ t=14QJ14 P^1O I=ROM -OIvl~Dn at CommlS!lon (linG 70010 ,. "'allaw~: Donl\ow~lt"$ 5!ll~M'tS 701. S IQ I=UNO:; A 'j rLJtJc:; ... T 102.$ to ::tTTLe,..eIllT St:rrl:a.lI:NI 703. CommISsion Plld 'II Sonlomonl 704. 10 000. ITEMS PAYABL.E IN CONNEcnOfl WITH LOAN 801. Laan Orlalnahon FoCI I D 10 B02. Logn DI,caunl "11 10 e03. AIJIHDIUI FOG 10 tio",. Crodll Repon I 10 BaS. L.o~aor&ln~pOCI~n-Foo I 10 BOG. MOnQiQG Inll. App_ Foo I \0 IJ07. ""Gumption Fcc I Ie BOB. I tWS. 810. a1'. 900. ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE 901. Inlore~l Fram \0 @ S Id;;iy r d;:SY-J %) 902. MIP Tollns. for L1(oOILogn lar I monl~lJ 10 903. Hn~rd In!:ur:mce Premium lor '.0 YO"rs \0 904, 90S. I 1QOD. RESERVES DEPOSITED WITH LENDER 1001. H:I%:Jrd In~urDnGC I monlhll S por monlh 1002, Mor1QpQO In:nW:mca I monlhs I :Ii par month , 003, CllvITown Ta.o. monlhs S per monlh 1004. CoUnly TI.1.os I monlh:s S par monlh 1005. School TLlJlclJ I monlho S PQr monlh laO~, monlno $ por monln '100,. I month:s a:o S par month 100B. I monlh& 161 S per men,h 1100. TITLE CHARGES I 1101. Solllemonl or Closlnq Foe I 10 1102. AbslulCI or Tlllo Scorch I la I "0:3. Till" ~x.'mlnnllo'n I 10 1104, TIIII1 Inauranco Binder I Ie "05. Decumo"l PreDuruUon Ie Abstract SCllllomonl gnd ProDt!lrtyServlcae. Inc 35.00 '1106. NotefY FooG 10 Ab:;I~c:t Settlement Ind ProoClrty Services, Jne 5.00 10_CO 1101. Anornoy',S Fe~ Ie Eric J. Wlonor. Eaqulm 2.900.00 (meluClo::; DDOVD Irom mJrTlt!or:! J 11M Thle-In~umn~ I 10 AblllrDcl Senlemenl :lnd PrOD.,rtv Services Inc. BII~lc :2 3-43.15 -ilncJudtJ::: nbo\fr:J 110m nlJrnoar::1l ) 1109. Lonl]ore CovarllRQ I $ 1110. Ownor:a CCIIOr.lQO I S 386.865.00 Z,J4:3.75 1111. EnCII 100,300 10 Ab:m;1ct ~81ifamQn\ aM Propeny ~Ol'\llce5. Ino ,on,oo 1"2. Clo31na PrOIOCllon Lollar I 'D Slawgr\ ulc-Gu"rnnry Co. 35.00 1113. Wlra roo I Ie Ab~lr.Jcl SalllamQnl gnd f:lrcpany ServiCafl. Ine ~O.OO l' ,"'. -Ovornlghl Fee to Abn\r5lcl Sonlomonl :1nd PrcDeny SaNlco&, Inc 15.00 JO.OO '115. I 1116. I '117. I l' 1a. I 1200. GOVERNMENT RECORDING AND TRANSFER CHARGES 1201. Aoccrdlng FOOD: Daod S 138.50: Mongggo :s : Rclo;l:SO S 38.50 1202. ClIVlCDUnlV T.uclSIOImp:s: Dotld I :1 968.85' Mortc:loa J 9titl.8~ '203. S~le T:;Jx}SI;-amDa: RO\lonue Stamp, 3.959.00: Mol1\7.luQO 3.968.85 1204. I 1205. I 1JDO. ADDITIONAL SETrLEMENT CHA,.RGES 1301. Survey I 10 1302. PO:llln:;ctldlon I 10 1303. Co & Twp Tg)u,~ Curronllv Duo i Ie Robin K. Sholloobort1or Tax Callector 29.04-D377.U:m 1.7~1.91 '30~. 2005 T::1lt.C1i PaDt Duo I 10 Cumberl:and County Tax Cllllm Buroau 2a.04.0377-0J6 6Ji .54 1305. Seo addU'1 dl~b. ClC'llbll I 10 25,404,Q2 1400. TOTAl. SETILEMENT CHARGE$ (Enlor an L1n~ 1 OJ. SOCUan J Jlnd 602. SactJorl K) 9.-'61. '0 32.8JSn o. 1I1gnlng JllglI 1 at 11111 1l1l11.lTl4Inl, \11. .'gn.10"1I1 pCknll'Ollot.lll_ ,"'.tpl DI. l:EI"1pIIlIQ~ "Qpt Dr p-o-:J or mI. r-o f1ll1O" 1l11l1Q~ I ('.'1'/ ' />^ /(' _ /r:'/ L" . ;' ,_'( t ,I f \... Lr" t.. /t__ I. c, , _' AblllrlilCl Sat1lamcmt :md Propony S((rulc.a~.IJ1C: Salllernonl "'gonl Cel1lUed Ie be a IrUfI copy. . %66 10cp 66c ADDITIONAL DISBURSEMENTS EXHIBIT 80:~T 900c-01-dd~ f::0'd .' I ,. Borrower: Paul W. Gettel and Annette Burns Soller: Estate of Paul E. Dick and Fred A, Gettys Settlement Agent: Abstract Settlement and Property Services, Inc (717)299-5430 Place of Settlement: 227 North Duke Street Lancaster, PA 176Q2 Sottlement Date: April 1 0, 2006 Property Location: Tract of Land In North Middleton Cumberland County, Pennsylvania Part of 29-04-0377-030 Lot Nos, 3 & 4 of the Final Su bdlvlslon Plan of Estate of pa PAYEE/DESCRIPTION NOTE/REF NO BORROWER SELLER Hartman & Assoc. Inc. Survey Cost Robin Sollenberger School Taxes Fred A. Gettys Relmbumt of Recreation & Recor 17,500.00 7,390.02 1,514.00 Total Additional Dlsbursoments shown on Line 1305 S 0.00 $ 26,404.02 (01201.PFDI01201l,G) EOO/EOO "d 10211 662(X~j) dl:JSl:J 11p:9l(NOH)9002-0l-Mdl:J " .mM&rBank . 499 Mitchell Road, Millsboro, DE 19966 Mail Code DE-MB-12 Phone (888) 502-4349 Fax (302) 934-2955 December 29, 2005 Law Offices Irwin & McKnight West Pomfret Professional Building 60 West Pomfret Street Carlisle, Pennsylvania 17013-3222 ~~~r!:uwrr~ )/~N Q:5 2006 Re: Estate or Paul EDick Social Securitv: 196-14-1634 Date of Death: December 17. 2005 . '. I . .\ & tvl c Kl'J I G I-IT Dear Sir or Madam: Per your inquiry dated December 22, 2005, please be advised that at the time of death, the above-named decedent had on deposit with this bank the following: 1. Type of Account Checking Account Account Number 9835256125 Ownership (Names oj) Paul EDick * Roger B Irwin, Marcus A McKnight, POA's * Opening Date 03/08/04 Balance on Date of Death $6,127.43 Accrued Interest $ 0.17 Total $6,127.60 Interest Paid iTD $ 0.00 (Accrued interest is not included) 2. Type of Account Mortgage Account Account Number 9786005 Ownership (Names oj) Paul EDick * Opening Date 10/19/00 Balance on Date of Death $60,064. 73 **This amount is not to be used for payoff purposes. For a payoff balance, please call 1-800-724-2440. * For further account information, regarding a safe deposit box or ownership and any changes, closures and/or reimbursement of funds, please contact our North Middleton Branch at 1958 Spring Road, Carlisle, PA 17013 or #717-240-4512. Sincerely, ~~~C:C;.'~ /7 ,;:; ;/ Nancy Clagett Records Management .. -. , . ... / // COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF PUBLIC WELFARE BUREAU OF FINANCIAL OPERA nONS DIVISION OF THIRD PARTY LIABILITY ESTATE RECOVERY PROGRAM PO BOX 8486 HARRISBURG. PA 17105-8486 rf.:..j\f.~' (f!..~ U.W R~ 1.\".. ;>;..i, :1 ~# ~ l\ \ l\ \,~,.. 1 .~ '~ ' ' 1.1. ,Ni 4 '7-00b January II, 2006 IRWIN & MCKNIGHT LAW OFFICES ROGER B IRWIN ESQ WEST POMFRET PROFESSIONAL BUILDING 60 WEST POMFRET STREET CARLISLE PA 17013-3222 8L \flCK'Nl(]H1' Re: PAUL DICK CIS #: 310175541 SSN: 196-14-1634 Date of Death: 12/17/2005 Dear Attorney Irwin: Please be advised that the Department of Public Welfare maintains a claim in the amount of $17,273.59 against the above-mentioned estate. This claim is for restitution of medical assistance granted on behalf of the decedent for which the Probate Estate is now responsible to reimburse the Department according to Act 49, 62 P.S. 1412, effective August 15, 1994, as amended by Act 20-95, effective June 30, 1995. Enclosed is the Department's itemized statement of claim. A portion of this medical expense, namely $7,519.49, was incurred during the last six months of the decedent's life; therefore, it is a Class 3 claim pursuant to Section 3392 of the Decedents, Estates, and Fiduciaries Code, 20 Pa. C.S.A. 3392(3). The balance of the claim, namely $9,754.10, is to be entered as a priority Class 6 claim against the estate. Please acknowledge receipt of this letter and advise whether the Commonwealth's claim is admitted and when payment may be expected. If the estate accounting is complete, please provide a copy. If the estate contains real estate, please provide copies of the deed, the latest tax assessment, and a current appraisal, if available. Sincerely, l~~.~ Carl G. Rinkevich TPL Program Investigator 717-772-6258 717-772-6553 FAX Enclosure ,. ,.. .J' January 4, 2006 Richard L. Dick 671 Old Mill Rd. Newville, PA 17241- The Funeral Service for Paul E. Dick Hoffman-Roth Funeral Home, Inc. 219 North Hanover Street Carlisle, P A 17013 (717)243-4511 14661-211 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 SER VICES, FACILITIES, AUTOMOTIVE EQUIPMENT, AND MERCHANDISE THAT YOU SELECTED WHEN MAKING THE FUNERAL ARRANGEMENTS. OUR SERVICE: Traditional Funeral Service Package . . . . . . FUNERAL HOME SERVICE CHARGES SELECTED MERCHANDISE: Ratlin Casket. . . . . . . . . . . . . . . . . . . . . . . Stainless Steel lnt. Receptacle. . . . . . . . . . . . . . . . . . THE COST OF OUR SERVICES, EQUIPMENT, AND MERCHANDISE THAT YOU HAVE SELECTED . . . . . . . . . . . . . Cash Advances Openil1g Grave. . . . . . . . Newspaper Obituary Notice-Sentinel . Clergy Offering . . . . . . . . Certified Copies of Death Certificates. Flowers. . Organist. . . . . . . . . . Ch urch Fee. . . . . . . . . . TOT AL CASH ADVANCES AND SPECIAL CHARGES . Total Total Cost . TOTAL AMOUNT DUE . This statement is net and payable in full within 30 days of receipt. $3790.00 $3790.00 $3120.00 $2690.00 $9600.00 $400.00 $114.50 $300.00 $72.00 $212.00 $100.00 $100.00 $1298.50 $10898.50 10898.50 - - - - - - -. - - - - - - - - - - - - - - - - - - - - - - - - - --- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -- Please return this portion with your Remittance $ Amount Enclosed Service 10 # 14661-211 Paul F j\~ -. L / REV-l500 EX + (6-00) * COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE DEPT. 280601 HARRISBURG, PA 17128-0601 REV-1500 INHERITANCE TAX RETURN RESIDENT DECEDENT OFFICIAL USE ONL Y FILE NUMBER 21 -0 60054 COONTYCOi5E ~Ar-- - - 'N'U'MBER-- t- Z W C w o w c DECEDENT'S NAME (LAST, FIRST, AND MIDDLE INITIAL) DICK PAUL DATE OF DEATH (MM-DD-Year) SOCIAL SECURITY NUMBER E DATE OF BIRTH (MM-DD-Year) 1 96- 1 4 - 1 634 THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS 12/17/2005 08/1 0/1918 (IF APPLICABLE) SURVIVING SPOUSE'S NAME (LAST, FIRST, AND MIDDLE INITIAL) SOCIAL SECURITY NUMBER w ~ :.: ~ (I) oa::~ w&8 ::c a:: ~ o 8: CD c( ~ 1. Original Return D 4. Limited Estate ~ 6. Decedent Died Testate (Atlach copy of Will) o 9. Litigation Proceeds Received o 2. Supplemental Return o 4a. Future Interest Compromise (date of death atter 12-12-82) D 7. Decedent Maintained a Living Trust (Attach copy of Trust) D 10. Spousal Poverty Credit (date 01 death between 12-31-91 and 1-1-95) D 3. Remainder Retum (date of death prior to 12.13-82) D 5. Federal Estate Tax Return Required _ 8. Total Number of Safe Deposit Boxes D 11. Election to tax under Sec. 9113(A) (Mach Sch ':1 THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: NAME COMPLETE MAILING ADDRESS ROGER B. IRWIN 60 WEST POMFRET STREET FIRM NAME (If Applicable) IRWIN & McKNIGHT TELEPHONE NUMBER 717 249-2353 CARLISLE r~p A 17013 1, 134,885.00IC)~, !. . I z o ;:: <( ...I ::) t- o: <( o w a: z o i= <( t- ::) Q. :E o o >< <( I- ~ Z W C Z o ~ en w a:: a:: o o 1. Real Estate (Schedule A) 2. Stocks and Bonds (Schedule B) 3. Closely Held Corporation, Partnership or Sole-Proprietorship 4. Mortgages & Notes Receivable (Schedule D) 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) 6. Jointly Owned Property (Schedule F) D Separate Billing Requested 7. Inter-Vivos Transfers & Miscellaneous Non-Probate Property (Schedule G or L) 8. Total Gross Assets (total Lines 1-7) 9. Funeral Expenses & Administrative Costs (Schedule H) 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) 11. Total Deductions (total Lines 9 & 10) 12. Net Value of Estate (Line 8 minus Line 11) (1 ) (2) (3) (4) (5) OF~C[AL USI;;~~L~ - -, ,~-) (-:-~ .-.::;:., -' C'~) ,c, .:.::::, --,.., (:,c5 I :1 ~-'- .") !"'.. ";. 'i-..:..~ Lj 8,127.60. (.) .4=:- ;::~:-2 - .,:- 0' (6) (7) (8) 1,143,012.60 (9) (10) 101,405.29 40,532.69 (11 ) (12) (13) 141,937.98 1,001,074.62 13. Charitable and Governmental Bequests/See 9113 Trusts for which an election to tax has not been made (Schedule J) 16. Amount of Line 14 taxable at lineal rate 17. Amount of Line 14 taxable at sibling rate 18. Amount of Line 14 taxable at collateral rate 19. Tax Due 14. Net Value Subject to Tax (Line 12 minus Line 13) SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES (14) 1,001,074.62 0.00 X _ (15) 0.00 1 ,001 ,074.62 X .045 (16) 45,048.36 0.00 X .12 (17) 0.00 0.00 X .15 (18) 0.00 (19) 20. D CHECK HERE IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT >.> BESURETO.ANSWER..ALLiQUESTIONSONREVERSESIDEANDRECHECK MATH << 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) 'UOndOpB JO poolq Aq JaLna4M 'luapa~ap a4l 4l!M UOWWOO U! lUaJBd auo lSBallB SB4 04M renp!^!pU! UB SB 'GO ~6 uo!pas Japun 'pau!!ap S! BU!lq!s 'rj '[(E' ~)(B)9 ~ ~6~ 'S'd GL] %G ~ S! sBu!lq!s S,luapaoap a4l !O asn a4l JO! JO Ol SJa!SUBJl !O anlB^ lau a4l uo paS05w! alBJ XBl a41 .[( ~)(B)9 ~69 'S'd GL] (G' ~)9 ~ ~6~ 'S'd GL U! palou SB ldaoxa '%9'17 S! Sa!JBp!!auaq IBau!I s,luapaoap a4l !O asn a4l JO! JO Ol sJa!SuBJl!O anlB^ lau a4l uo pasodw! alBJ XBl a41 '[(G' ~)(B)9~ ~6~ 'S'd GL] %0 S! Pl!40 a4l!0 lUaJBddalS B JO 'lUaJBd a^!ldopB UB 'lUaJBd IBJnreU B !O asn a4l JO! JO Ol4lBap lB JaBUnOA JO aBB !O SJeaA aUO-AluaMl PI!40 paseaoap e WOJ! sJa!SueJl!O anle^ lau a4l uo pasodw! aleJ xel a41 :OOOG ' ~ Alnr Jaue JO UO 4lBap JO salep JOj . AJBP!Iauaq AIUO a4l S! asnods BU!^!Alns a4l l! ua^a alqBO!ldde U!lS aJe UJmaJ xel e BU!I!! pUB SlaSSB lO amsolOs!p JOI SluaWaJ!nbaJ AJOlnlBlS a4l pue 'xel WOJ! asnods Bu!^!~ns e Ol JaJsUBJl e ldwaxa lOU saop alnlels a41 .[(!!) (~' ~) (e) 9 ~ ~69 'S'd GL] %0 S! asnods Bu!^!~ns a4l !O asn a4l JO! JO Ol sJa!SuBJl IO anlB^ lau a4l uo pasodw! aleJ XBl a4l '966 ~ '~ AJenuer JaUB JO uo 4lBap JO salBp JOj ,[(!) (~. ~) (e) 9 ~ ~69 'S'd GLl %8 S! asnods Bu!^!~ns alH !O asn a4l JOJ JO Ol sJa!suBJl IO anlB^ lau a4l uo pasodw! alBJ XBl a4l '966 ~ '~ AJBnUBr aJo!aq pUB 1766 ~ '~ Alnr JaUB JO uo LHBap JO salBp JOj 8~OL~ Vd Jl81l~V8 13381813t!.:J 0 183M 09 SS3ClOOV ~'~ 3^11V1N3S3Cld3Cl NVH1 Cl3H10 Cl3ClVd3Cld ~O 3Cln1VN81S 3lllAM3N OV08 lllV\J OlO ~L9 q() ~'1 ~ 31'10 ~PGL~ Vd ONHn13H 3H1.:JO lH\fd S\f 11 311.:J aN\f ~ 31na3H~S 3131dWO~ lSnW nOA 'S3A SI SNOI1S3nO 3^08\f 3H1.:JO AN\f 01 H3MSNV 3H1.:JI 00 00 00 [K] 00 [Xl [Xl ON D ....................................................................................................... l- uonBuB!sap AJBP!Jauaq B su !BlUOO lP!4M AlJadoJd alBqOJd-uou Ja4l0 JO 'Al!nUUB "lunoo~'rj luawamal:lIBnp!^!PUI UB UMO luapaoap P!O '17 o ................. l-4lBap Ja4 JO S!4 lB Al!JmaS JO lunOOOB )!UBq 4lBap uodn alqBABd JO "JO! lSnJl U!" UB UMO luapaoap P!O '8 o .............................. ...............................,...........,............ ..... ... 'l-uO!lBJap!SUoo alBnbape Bu!^!aoaJ ln04l!M 4lBap IO JBaA auo U!4l!M AlJadoJd JaJsuBJllUapaoap P!P 'G86 ~ 'G ~ Jaqwaoao JaUB paJJnooo 4lBap!\ 'G D ............................................................. l-aJBO JO sliJauaq 'sluawABd Ja4l!a *0 aw JO! as!woJd a4l a^!aoaJ 'p D ...................................................................................................... JO ~lSaJalu! AJBUO!SJa^aJ B U!BlaJ '0 o ........................................ :awoou! Sl! JO paJJa!SuBJl AlJadoJd a4l asn IIB4s 04M alBUB!sap Oll4DP a4l U!BlaJ 'q o ........................................................................... ~ paJJalSUBJl AlJadoJd a4l !O aWOOU! JO asn a4l u!BlaJ 'B saA :PUB JalSUBJl B a)!BW luapaoap P!O . ~ S)l001S 31 'I1~dO~dd'l 3H1 NIIIXII N'I ~NIO'l'd A8 SNOI1S3nO ~NIM0110:l 3H! ~3MSN'I 3S'I31d lN3Dtf IS111M :/0 H31SID3H :oJ >foaL/Q 8>/ElW (8S) '3na 3~NV1V8 a4l S! S!41 ''rjS + S aU!l lO IBlOl a4l Jalu3 '8 ('rjg) 'anp XBl a4l uo lSaJalu! a4l Jalu3 ''rj (g) o3na XVl a4l S! S!41 'aouaJa!!!p a4l JalUa 'G aU!l UB4l JalBaJB S! E aU!l + ~ aU!l *1 'g (17) punlaJ e ~sanbaJ Ol O~ aU!1 ~ a6ed uo xoq >I~a4~ olN3WA Vdl::l3^O a4l S! S!41 'a~uaJau!p a4l Jalua '8 aU!l + ~ aU!l UB4l JalBaJB S! G aU!l *1 '17 (E) ( 3 + a ) Alleuad/lSaJalullBlO 1 98'B170'S17 98'B170'SP 00'0 00'0 31V18 I 3l81l8V8 AlIO OVOl:! VlON3 00 ~ ~ SS3l:JaaV 133l:J1S :ssaJ a aldwo slua a:>a 00'0 98'B170 'SP AllBuad '3 lSaJalul '0 alqB~!IddB !! AllBuad/lsaJalUI 'E - ,,) '-..n ~ ::t..6 ("i. J + 'rj ) Sl!paJJ IBlO 1 -6~CF> O'~ ">- ~ .~~ ~ 0 ~ (() ~ ~ "- .-s lunO~S!O 'J SluaWABd JOPd '8 l!paJ8 AlJa^Od IBsnods ''rj sluawABd/sl!paJJ 'G (6 ~ aU!l ~ aBBd) ana xe 1 . ~ :SI!paJ~ pUB Sluaw~ed XB.l PP'd I I ::> I a p REV-1502 EX + (6-98) ~* SCHEDULE A REAL ESTATE .COMMONWEAL TH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER DICK PAUL E 21 06 0054 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 orooertv which is iointlv-owned with riClht of survivorshio must be disclosed on Schedule F. ITEM NUMBER 1. DESCRIPTION 1100 Enola Road, Carlisle, North Middleton Township, Cumberland County, Pennsylvania 179 Acres (See Appraisal Attached) 2. 671 Old Mill Road, Lower Frankford Township, Cumberand County, Pennsylvania (See Appraisal Attached) (Also Includes Deed Book 124, Page 161) 3. Enola Road, North Middleton Township, Cumberland County, Pennsylvania 16 Acres of Mountain Ground (Deed Book Q, Vol 36, Page 670 - Deed Book 102, Page 395 and Deed Book 193, Page 649) (see Appraisal attached) Enola Road Parcel - Lots 3 & 4 of Final Subdivision Plan SOLD - Settlement Sheet Attached 4. VALUE AT DATE OF DEATH 540,000.00 180,000.00 19,000.00 395,885.00 TOTAL (Also enter on line 1, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) 1 134 885.00 REV-1508 EX + (6-98) ~* COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY ,.. ESTATE OF DICK PAUL FILE NUMBER E 21 06 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with right of survivorship must be disclosed on Schedule F. 0054 ITEM NUMBER 1. DESCRIPTION M& T Bank - Checking Account #9835256125 VALUE AT DATE OF DEATH 6,127.60 2. Cash on Hand 2,000.00 TOTAL (Also enter on line 5, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) 8 127.60 REV-1511 EX + (12-99) ~* .COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF DICK PAUL Debts of decedent must be reported on Schedule I. 21 06 E SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS FILE NUMBER 0054 ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. Hoffman-Roth Funeral Home, Inc. 10,989.50 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 36,500.00 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 885.00 5. Accountant's Fees 6. Tax Return Preparer's Fees Patricia A. Rosendale, CPA 400.00 7. Cumberland Law Journal - Estate Notice 75.00 8. The Sentinel - Estate Notice 122.51 9. Notary Fees 75.00 10. Closing Costs on Sale of Lots 3 & 4 of Enola Road Parcel 32,836.32 11. Citizens Bank - Fee to Drill Safe Deposit Box 152.00 12. Grant Marshall Engineering - Survey 1,498.86 13. Irwin & McKnight - Prior Legal Fees 17,841 .1 0 14. Register of Wills - Filing Fee 30.00 TOTAL (Also enter on line 9, Recapitulation) $ 101.405.29 (If more space is needed, insert additional sheets of the same size) REV-1512 EX,\+ (6-98) * "-- COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE I DEBTS OF DECEDENT, MORTGAGE LIABILITIES & LIENS ESTATE OF DICK FILE NUMBER PAUL E 21 06 0054 ITEM NUMBER 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. Include unreimbursed medical expenses. DESCRIPTION Robin K. Sollenberger - Real Estate Taxes Department of Public Welfare - CIS # 310175541 Cumberland-Goodwill Fire & Rescue - Ambulance Financial Recovery Services, Inc. Capital Management Services, Inc. Creditor: Household Bank - Account #5440455003710624 Goggins & Lavintman, P .A. Attorney for Schwan's Beneficial - Account #71171500517271 Arrow Financial Services Creditor: Providian - Account #4465690800498717 Cletus Kipps - Combining Grain R & W Equipment Co. - Invoices Attached Cumberland County Tax Claim Bureau - 2003 & 2004 Taxes VALUE AT DATE OF DEATH 115.68 17,273.59 406.00 5,622.47 877.05 14.37 7,497.39 2,320.03 720.00 4,121.41 1 ,564.70 TOTAL (Also enter on line 10, Recapitulation) $ (If more space is needed, insert additional sheets of the same size) 40,532.69 REV.'513EX+~* ,. COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF DICK NUMBER I. SCHEDULE J BENEFICIARIES PAUL E FILE NUMBER 21 On RELATIONSHIP TO DECEDENT Do Not List Trustee(s) Lineal 0054 AMOUNT OR SHARE OF ESTATE Remainder ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, ON REV-1500 COVER SHEET ll. NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 9116 (a) (1.2)] 1. Richard L. Dick 671 Old Mill Road Newville, PA 17241 1. B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS 1. TOT AL OF PART II - 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 ~rILL AJVD TEST Ajl;fENT I, PAUL E. DICK, of North 1\1iddleton To\vnship, Cumberland County, Pennsylvania. declare this instrument to be my Last \Vill and Testament, hereby expressly revoking all \Vills and Codicils heretofore made by me. 1. I direct my Executor to pay all of my debts, funeral and adn1inistrative expenses as soon as may be done conveniently after my decease. 2. I authorize and empo\ver my Executor to sell any realty o\vned by me at my death, and not specitically devised herein, at either public or private sale, and to gIve good and sufficient deeds therefor, in fee simplc~ as I could do if living. 3. I direct that my Executor shall purchase a granite headstone matching the headstone fur my father, Harry Dick, to be placed at my gravesite beside that of my father. In order to insure that suHicient funds are immediately available for this purpose, I have designated my estate as the beneficiary of a Ten Thousand Dollar ($ 10,000.00) life insurance policy. 4. I give, devise and bequeath my Schultz j\lobile Home located in St. Thomas, Pennsylvania to my fmmer wife, BETTY LOUISE ALTIZER. 01 \( ~ n +", ht.l I C'\ <.00.3, 5. I give~ devise and bequeath all the rest. residue and remainder of my estate of every nature and \vherever situate to my son, RICH4r\RD L. DICK. 6. I nominate and appoint RICH~A.RD L. DICK, to be the Executor of this my Last \Vill and Testament; he is to serve as such \vithout bond. I hereby suggest that 111Y personal representative retain the services of Ir\vin, NfcKnight & Hughes~ as att0111eys in the settlement of my estate. " IN \VITNESS \\-'HEREOF, I have hereunto set my hand and seal this /(..,,1 day of April, 2002. ~t*~ PA.UL E. DICK (SEAL) Signed, sealed, published and declared by the above-named person as and for a Last \Vill and Testament, in our presence, \-vho at said person's request, in said person's presence and in the presence of each other have hereunto set our names as S/J c. r. ibing . '1.",'i tn. ess. ~~';l.. .._.,/) !. ... \' fl i /. .'],. / /. ~t 1.1: I 'I , '. .- I ,; , I i / J J! .J.., I ( f~r./~.'.11I / VI.' ','r- (; ""iti/. - !, K(--// Ili./f?" L:>.) j/ ~f ~ (! . 0/ ..ti! 'f./ . f\ r?t t~. 'I { j (,tJ v I ~ . r':' i~ I I ... : I J vl', it' V\.et 'I~ /., I ~ ..:.. ~ ACK1~O"VLEDGl\IENT AND AFFID.L~ 'lIT \'VE, PAUL E. DICK~ J,ACQTJELINE L. DR~ \VB"..\CGH and l\IA.RTH~-\ L. NOEL, the testator and witnesses respectively, \vhose names are signed to the foregoing instrument, being frrst duly s\vorn, do hereby declare to the undersigned authority that the testator signed and executed the instnlment as his Last \Vill, and that he had signed \villingly, and that he executed it as his free and voluntary act for the purpose herein expressed, and that each of the \vitnesses, in the presence and hearing of the testator, signed the \Vill as a \vitness and that to the best of their kno\vledge the testator "vas, at that time, eighteen years of age or older, of sound mind and under no constraint or undue int1uence. /J I ' '-- COLVr"ION\VEAL TH OF PENNSYL v'ANIA ss COUNT-\" OF CU1\IBERLL-\.ND Subscribed, s\\'om to and ack...l1o\vledged before me by PA.UL E. DICK, the testator herein, and subscribed and s\vorn to before rne by J~~CQlrELINE L. DR~ "'B_.\l:GH and l\tL<\RTH~~ L. NOEL, w'itnesses, this /0 '! day of _April, 2002. /'1 /i-; ./ !",rz,'C .) _ ctLI..~_ ".,Not- rv Public .' " { / Notarial Seal . Roger B. Irwin, Notary Public f.~;'l._~;;~~te 8c~o, CtJmborland (:.r~:.;r:~ I\.ly t,ord(nl~;,310n Expires Q,_'t 0, -.. .-, ,._---_.'~-'. tv'lemb81 ;',~..r/;\,tIJ3nial\ss('Ct,i!:CI.' \.; Notarie,':