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HomeMy WebLinkAbout05-24-06 .. REV-1500 EX + (6-00) *' COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF REVENUE DEPT. 280601 HARRISBURG, PA 17128-0601 OFF~CIAL USE ONLY REV-1500 INHERITANCE TAX RETURN RESIDENT DECEDENT FILE NUMBER 21 ()5 O;;t 0942 NUMBER COUNTY CODE YEAR w .... x::~(I) ult:X:: wa.u J:oo ult:-J a.al a. <( DECEDENT'S NAME (LAST, FIRST, AND MIDDLE INITIAL) Mayo, Elaine R. DATE OF DEATH (MM-DD-YEAR) .... z w C w () w C 10-05-2005 (IF APPLICABLE) SURVIVING SPOUSE'S NAME ( LAST, FIRST AND MIDDLE INITIAL) 04-28-1925 o 1. Original Return D 4. Limited Estate o 6. Decedent Died Testate (Attach copy of Will) D 9. Litigation Proceeds Received DATE OF BIRTH (MM-DD-YEAR) D D D D 2. Supplemental Return SOCIAL SECURITY NUMBER 196-18-6118 THIS RETURN MUST BE FILED IN DUPLICATE WITH THE REGISTER OF WILLS SOCIAL SECURITY NUMBER 4a. Future Interest Compromise (date of death after 12-12-82) 7. Decedent Maintained a Living Trust (Attach copy of Trust) 10 Spousal Poverty Credit (date of death between . 12-31-91 and 1-1-(15) D 3. Remainder Return (date of death prior to 12-13-82) D 5. Federal Estate Tax Return Required o 8. Total Number of Safe Deposit Boxes D 11. Election to tax under Sec. 9113(A) (Attach Sch 0) 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) D Separate Billing Requested 8. Total Gross Assets (total Lines 1-7) 9. Funeral Expenses & Administrative Costs (Schedule H) 11. Total Deductions (total Lines 9 & 10) 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) 12. Net Value of Estate (Line 8 minus Line 11) COMPLETE MAILING ADDRESS 147 East Washington Street Chambersburg, PA 17201 (1 ) (2) (3) (4) (5) (6) (7) r I ( j .... z w o z o a. (I) w It: It: o U NAME George E. Wenger, Jr. FIRM NAME (If applicable) Hoskinson & Wenger TELEPHONE NUMBER 717/263-8535 OFFiCIAL USE ONL yl i i ! ! I I I I I ! .--. 1 . \.~ 1 1____\..0.______...1 (8) 730 ,032.69 600,000.00 NonE! None None f".) 1. Real Estate (Schedule A) z o i= <( ...I :::> .... 0: <( () w c::: 130,032.69 None None , (~) ; ~"J C-) I :-} (9) (10) 75,649.25 722.77 (11 ) 76,372.02 653,660.67 0.00 (12) 13. Charitable and Governmental Bequests/See 9113 Trusts for which an election to tax has not been made (Schedule J) 14. Net Value Subject to Tax (Line 12 minus Line 13) (13) (14) 653,660.67 SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES 0.00 29,414.73 0.00 0.00 29,414.73 20. D CHECK HERE IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT. Copyright 2002 form software only The Lackner Group, Inc. Form REV-1500 EX (Rev. 6-00: 15.Amount of Line 14 taxable at the spousal tax rate, 0.00 x .00 (15) or transfers under Sec. 9116(a)(1.2) z 0 i= 16. Amount of Line 14 taxable at lineal rate 653,660.67 x .045 (16) <( .... => a.. 17. Amount of Line 14 taxable at sibling rate 0.00 x .12 (17) ~ 0 () 18. Amount of Line 14 taxable at collateral rate 0.00 .15 (18) x x <( .... 19. Tax Due (19) , Decedent's Complete Address: STREET ADDRESS 891 Means Hollow Road CITY Sh ippensbu rg I STATE PA IZIP 17257 Tax Payments and Credits: 1. Tax Due (Page 1 Line 19) 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments C. Discount 27,250.00 1,470.74 Total Credits (A + B + C) 3. Interest/Penalty if applicable D. Interest E. Penalty Total Interest/Penalty (0 + E) 4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Check box on Page 1 Line 20 to request a refund 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. A. Enter the interest on the tax due. B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. Make Check Payable to: REGISTER OF WILLS, AGENT (1 ) 29,414.73 (2) 28,720.74 (3) (4) (5) 693.99 (5A) (58) 693.99 PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred;.................................................................................. D [!] b. retain the right to designate who shall use the property transferred or its income;..................................... D [!] c. retain a reversionary interest; or................ ........ .......................................................................................... D [!] d. receive the promise for life of either payments, benefits or care?.............................................................. D [!] 2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without receiving adequate consideration?............. .............................................................. ................................. .......... D [!] 3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death?......... D [!] 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation?.............. ..... ........ .............. ....... ...... ......... ....................... ................................ D [!] IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. Under penalties of pe~ury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct and complete. Declaration of preparer other than the personal representative is based on all information of which preparer has any knowledge. SIGNATURE OF PERSON RESPONSIBLE FOR FILING RE URN ADDRESS John S. Mayo .., j SiGNATiJREOFPERS4FOR F'~'NG RETU N 6169 White Church Road Shippensburg, PA 17257 ADDRESS 5" ~JA;~_ ~ DATE ADDRESS DATE 147 East Washington Street Chambersburg, PA 17201 :5' -2 )-ob For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 3% [72 P.S. 99116 (a) (1.1) (i)]. For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is 0% [72 P .5. 99116 (a) (1.1) (ii)]. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent, or a stepparent of the child is 0% [72 P.S. 99116 (a) (1.2)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is 4.5%, except as noted in 72 P.S. 99116 1.2) [72 P.S. 99116 (a) (1)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is 12% [72 P.S. 99116 (a) (1.3)J. A sibling ;s defined under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. Rev-1502 EX+ (6-98) *' SCHEDULE A REAL ESTATE COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Mayo, Elaine R. FILE NUMBER 21-06-0942 All real property owned solely or as a tenant in common must be reported at fair market value. Fair market value is defined as the price at which property would be exchanged between a willing buyer and a willing seller, neither being compelled to buy or sell, both having reasonable knowledge of the relevant facts. Real property which is jointly-owned with right of survivorship must be disclosed on schedule F. ITEM NUMBER DESCRIPTION VALUE AT DATE OF DEATH 1 Tract of real estate lying and being situate in Southampton Township, Cumberland County, Pennsylvania - known and numbered as 891 Means Hollow Road, Shippensburg, Pennsyvania - appraised at (see copy of appraisal-Attachment 2) 600,000.00 TOTAL (Also enter on line 1, Recapitulation) 600,000.00 (If more space is needed, additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule A (Rev. 6-98) Rev-1508 EX+ (6-98) . SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT Mayo, Elaine R. FILE NUMBER 21-06-0942 ESTATE OF Include the proceeds of litigation and the date the proceeds were received by the estate. All property jolntly-owned with the right of survivorship must be disclosed on schedule F. ITEM NUMBER DESCRIPTION 1 Adams Electric - refund VALUE AT DATE OF DEATH 30.27 2 Citizen's Bank, Savings Acct. 6140-234336 91.090.45 3 Citzen's Bank, Checking Acct. #6209814496 29.255.97 4 Commonwealth of PA - 2005 Income Tax Refund 80.00 5 Internal Revenue Service - 2005 Income Tax refund 476.00 6 1998 Honda Accord LX Coupe - VIN #1HGCG3246WA007159, sold for 9.100.00 TOTAL (Also enter on Line 5, Recapitulation) 130.032.69 (If more space is needed, additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule E (Rev. 6-98) REV-1151 EX+ (12-99) .'..... '. ~ . I I SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Mayo, Elaine R. Debts of decedent must be reported on Schedule I. FILE NUMBER 21-06-0942 ITEM NUMBER A. FUNERAL EXPENSES: DESCRIPTION AMOUNT See continuation schedule(s) attached 3,531.90 B. 1. ADMINISTRATIVE COSTS: Personal Representative's Commissions John S. Mayo ~ Social Security Number(s) / EIN Number of Personal Representative(s): Street Address 6169 White Church Road City Shippensburg State Year(s) Commission paid 2006 PA Zip 17257 30,000.00 2. Attorney's Fees Hoskinson & Wenger 30,000.00 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) Claimant Street Address City Relationship of Claimant to Decedent State Zip 4. Probate Fees Cumberland County Register of Wills 628.00 5. Accountant's Fees 6. Tax Return Preparer's Fees 7. Other Administrative Costs 11,489.35 See continuation schedule(s) attached TOTAL (Also enter on line 9, Recapitulation) 75,649.25 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H (Rev. 6-98) Rev-1502 EX+ (6-98) . SCHEDULE H-A FUNERAL EXPENSES continued COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Mayo, Elaine R. FILE NUMBER 21-06-0942 ITEM NUMBER DESCRIPTION AMOUNT 1 Auer Memorial Home and Cremation Services, Inc. - reimbursement for Obituary Notices 427.00 2 Aver Crematory - cremation fee 1.409.00 3 Family Traditions - funeral expense 100.90 4 Gordon's Memorials - bronze date marker 200.00 5 Park Lawns Memorials - Interment fee 1.270.00 . 6 Rev. John Good - funeral service 125.00 Subtotal 3.531.90 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H-A (Rev. 6-98) Rev-1502 EX+ (6-98) *' SCHEDULE H-B7 OTHER ADMINISTRATIVE COSTS continued ESTATE OF COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT Mayo, Elaine R. FILE NUMBER 21-06-0942 ITEM NUMBER AMOUNT DESCRIPTION 1 Adams Electric Cooperative - electric bill 108.22 2 Adams Electric Cooperative - Acct. #10975001 OO/October 2005 94.70 3 Adams Electric Cooperative - Acct. #20975001 OO/November 2005 40.44 4 Adams Electric Cooperative - Acct. #2097500100/electric bill 22.10 5 Adams Electric Cooperative - Acct. #2097500100/April 8.65 6 All Land Services, Inc. - survey of real estate 9.202.00 7 Cumberland County Recorder of Deeds - filing of subdivision plan 10.00 8 Cumberland County Recorder of Deeds - recording deed 39.50 9 Cumberland County Recorder of Deeds - recording Deed 39.50 10 Cumberland County Register of Wills - filling fees/Family Settlement Agreement 20.00 11 Cumberland Valley Law Journal - Executor's Notice 75.00 12 Don Boserman - mowingllawn maintenance 50.00 13 Franklin County Recorder of Deeds - filing subdivision plan 35.00 14 Franklin County Recorder of Deeds - recording deed 42.50 15 Hoskinson & Wenger - UPS overnight reimbursement 14.24 16 John D. Ausherman, SRA - real estate appraisal 400.00 17 Karen Zimmerman - care of animals 30.00 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H-B7 (Rev. 6-98) Rev-1502 EX+ (6-98) 0" ~..".. ~ SCHEDULE H-B7 OTHER ADMINISTRATIVE COSTS continued ESTATE OF COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT Mayo, Elaine R. FILE NUMBER 21-06-0942 ITEM NUMBER AMOUNT DESCRIPTION 18 Karen Zimmerman - care of animals 30.00 19 Karen Zimmerman - care of animals 30.00 20 Nightingale Auto - inspection/service of Honda Accord 74.70 21 North East Waste Services - Acct. #4356012/Jan-March 2006 62.70 22 North East Waste Services - Refuse bill/Acct. #4356012 62.70 23 Penny R. Morrison - notary fees/Family Release 40.00 24 t Penny R. Morrison - notary fees/deeds 10.00 25 Postmaster - stamps 7.40 26 Roy Snoke - Preparation of 2005 Income Taxes 67.00 27 Shippensburg Animal Hospital - euthanize sick cat 70.00 28 Southampton Township - subdivision approval 315.00 29 Southampton Township, Cumberland County - Subdivision Plan Review 187.50 30 Sprint - telephone bill 38.70 31 Sprint - telephone bill/December 2005 26.40 32 Sprint - telephone bill 25.42 33 Sprint - telephone bill 25.42 34 Sprint - telephone bill 25.75 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H-B7 (Rev. 6-98) Rev-1502 EX+ (6-98) SCHEDULE H-B7 OTHER ADMINISTRATIVE COSTS continued COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Mayo, Elaine R. FILE NUMBER 21-06-0942 ITEM NUMBER DESCRIPTION AMOUNT 35 The Sentinel - Legal - Executor's Notice 158.81 Subtotal 11.489.35 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule H-B7 (Rev. 6-98) Rev-1512 EX+ (6-98) *' SCHEDULE. DEBTS OF DECEDENT, MORTGAGE LIABILITIES, & LIENS COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF Mayo, Elaine R. FILE NUMBER 21-06-0942, Include unreimbursed medical expenses. ITEM NUMBER DESCRIPTION 1 Chambersburg Hospital - Lifeline bill VALUE AT DATE OF DEATH 40.00 2 Cingular - cell phone bill 24.86 3 Citi - credit card payment 27.34 4 Green Ridge Homes - nursing home bill 245.44 5 Green Ridge Village - nursing home telephone bill 25.44 6 Green Ridge Village - final nursing home bill 88.00 7 Sprint - phone bill 36.65 8 West Shore EMS - ambulance bill 175.33 9 WSI - garbage bill 59.71 TOTAL (Also enter on Line 10, Recapitulation) 722.77 (If more space is needed, additional pages of the same size) Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule I (Rev. 6-9S) REV-1513 EX+ (9-00) '* SCHEDULE .J BENEFICIARIES COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT NUMBER Mayo, Elaine R. NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 9116(a)(1.2)] RELATIONSHIP TO DECEDENT Do Not List Trustee(s) I FILE NUMBER 21-06-0942 SHARE OF ESTATE AMOUNT OF ESTATE (Words) ($$$) ESTATE OF I. 1 John S. Mayo 6169 White Church Road Shippensburg, PA 17257 Son 500/0 of the residuary Estate 312,858.34 2 E. Constance Morgan 2 Ivan Drive Mount Holly Springs, PA 17065 Daughter 500/0 of residuary Estate 312,858.34 Total 625,716.68 Enter dollar amounts for distributions shown above on lines 15 through 18, as appropriate, on Rev 1500 cover sheet II. NON-TAXABLE DISTRIBUTIONS: A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS TOTAL OF PART 11- ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET 0.00 Copyright (c) 2002 form software only The Lackner Group, Inc. Form PA-1500 Schedule J (Rev. 6-98) ;.~ ~-..; ~J .,J ,~ d .::~ ...~~ l "" {~ i J ,- \ ( 1>. '\!.. '-'U JRZ - 5.1 Mayo.2 July 6, 19?9 LAST WILL AND TESTAMENT I, Elaine R. Mayoff of 891 Means Hollow Road, Shippensburg, Pennsylvania, being of sound and disposing mindj memory and understanding, do hereby declare this to be my willi hereby revoking any and all former wills and codicils thereto by. me r--J heretofore made. :_,; I. I di.rect that all my just debts and funeral expens~=S I including all expenses of my last illness, shall be paid from my estate as soon as p~acticable after my decease as a part of the expense of the admini.stration of my estate. TT ~.L.. . I give, devise and bequeath the residue of my estate of every nature and wherever situate to my children, namely John S, Mayo, and E$ Constance Morgan I in equal shares. A, In the event my sonl John S, Mayo predeceases me or dies on or before the thirtieth day following my death, his share shall be distributed to said beneficiary's issue, per stirpes, living on the thirty-first day following my death, and in default of any such then-living issue, such "ATTACHMENT 1" r ~ ::.: .:~.'i ~~ yO 1J ".:~ ~ ;p ~ ~ L- Jl. ,,' cD share shall be distributed to his surviving spouse. B, Should my daughter, Eo Constance Morganf predecease me or die on or before the thirtieth day following my death, her share shall be distributed to her spousej Charles Morgan. III. In the event that anyone entitled to a share of my estate shall be under the age of twen'ty-two years at the time for distribution to such beneficiarYf I constitute and appoint Mellon Bankf NAf Shippensburgl pennsylvaniaf as trustee of any property which passes either under this will or otherwise to said beneficiary. Said trustee shall in the trusteefs sole discretion and without order of courtf use principal as well as income from time to time as may appear to be necessary for the beneficiary/s welfare! comfort/ medical care, recreation, support and educationf without responsibility to the beneficiary or to any person taking care of the beneficiary; and the remaining balance in the hands of said trustee shall be distributed to said beneficiary when the beneficiary attains the age of twenty-two years. If such beneficiary dies prior to attaining the age of twenty-two yearsf said trustee 'is authorized in the trustee's discretion to pay part or all of the beneficiary's funeral expenses and the remaining balance in the hands of said trustee shall be distributed to the beneficiary's personal representative. In the event the funds held Page 2 :!i\ "_'Ii :r",,1 d ~ ~ ," - _~J - t....P t ~ ~ ,~ ~ CD by the trustee for any beneficiary become in the opinion of the trustee too small for proper and efficient administration, the trustee, in the trustee's sole discretion, may deposit such funds in a savings account in the name of the beneficiarYG IV.. I direct my executor to give my son, John S. Mayo, the option to purchase my farm situate as 891 Means Hollow Road, Shippensburg, Pennsylvania, at its appraised valueG I direct my executor to secure the services of two independent appraisers and to average the appraisals to arrive at the purchase price for mx farm. My son's, John S. Mayo's, share of my estate may be applied directly to the purchase of my farm. v. }illy fiduciary under this will shall have the following powers in addition to those vested in them by law and by other provisions or my will applicable to all property whether principal or income, including property held for minors, exei-cisable without Court approval, and effective until actual distribution of all property: A. To retain any and all of the assets of my estate: real or personal, without regard to principle any or diversification of risk. B. TT1~ .LV invest In all forms of property including stock, Page 3 Q :f() ~ ~ -~ {}/" 7 ~ f; · 1 ~ Gj common trust funds and mortgage investment funds without restriction to investments authorized for Pennsylvania fiduciaries as they deem proper, without regard to any principle of diversification of risk. c. To sell at public or private sale, to exchange or to lease for any period of time any real or personal property and to give options for sales, exchanges or leases, for such prices and upon such terms or conditions as they deem proper. D. To allocate receipts and expenses to principal or income or partly to each as they from time to time think proper. E. To compromise any claim or controversy. F. To distribute in cash or in kind or partly in each. G. To hold property in their names without designation of any fiduci~ry capacity or in the name of a nominee or unregistered, '1:7T y.. . I direct that all taxes tha-t may be assessed in consequence of my death of whatever nature and by whatever jurisdiction imposed, shall be paid from my residuary estate as a part of the expense of the administration of my estate. Page 4 ,;q-~ J "'-/ i. ~; ~ (~ J J G\ '--'" VII. The interest of the beneficiaries hereunder shall not be subject to anticipation or to voluntary or involuntary alienation; and the principal and income shall be paid by the trustee or guardian directly to or for the use of the beneficiary entitled thereto, without regard to any assignment, order, attachment or claim whatever. VIII.. I appoint Mellon Bank, NA, of Shippensburg, Pennsylvania, as executor of this my will. IX~ No bond shall be required of any fiduciary hereunder In any jurisdiction. ~... A. In case of my death, I desire my cats and my dog, Kelly, to be placed in the care of my daughter, E. Constance Morgan. I further direct that with the help of Dr. Kathy Purcell, my daughter shall place my animals in loving homes or at the Helen Krause Foundation. Page 5 IN WITNESS WHEREOFy I hereunto set my hand and seal to this my last will and testament, consisting of seven typewritten pages, the first .five or which bear my signature in the margin for the purpose /& ~day of C/;7 V of identification this 19--22-. ~~ '':), C ~..._ ". (lj~ '-.) ( SEAL) Signed, sealed, published and declared by the above-named' testatrix as and for her last will and testament in our presence, who in her presence, at her request and in the presence of each other have hereunto set our hands as attesting witnesses. /l ' 0:7 If:" · ';;,;Mf 0. w4ffi./~&c /" 0 / . -- I ~ ./} /? . //; .// R . .#. //1 . / ,; ~ /..v'7:L' c'd;,a.-t..>4e,f ~..#/<IU.A ~; ..... ~ // ./ -cr- .//7 f'/~ /? /' /;1 /' ". A: ,.-. ,~y J"./ /~.~ . " 'l, ., . .. I.. ....-""1","... . "-""'.:\ -r -:-i-T .",,T ~ir./&_/'li j I, /7/ f flf /A:4./ ~ V"~J .., , - '=~?) (; / ,;rl on .1 J 0 ,L ,f , ,-' ./1 . /1) / .I,. L2 -, -' I A-~ ~ > ...~l "'''''-, Je} i/ .Vi/) ,-'> j' I / -' .4/;J' I q 1,,1 /7-'.""" (....,0/~ j hI IW r'r--,; " i/ / C; r' /c.0U' L~(;j~::::_n'- './.,A/ "f 0\--1/1,. (.-,f/uq/ [fr'~..' t-:".).-b/~~).f .,~_ We, Elaine R.. Mayo, J()EL If.. ZULU AkS-EK and TaR;:;' R. fitJ~~ the testatrix and the witnesses respectively, whose names are signed to the attached or foregoing instrument, being first duly sworn, do hereby declare to the undersigned authority that the testatrix signed and executed the instrument as her last '_7'; 1 1 v.. -'- -'- ..I.. :::>,....,r:l L.A. ..l. .J. '-A.. testament and that she executed it as her free and voluntary act for the purposes therein expressed and that each of the witnesses, in the presence and hearing of the said testatrix/ signed the will as witnesses and to the best of Page 6 their knowledge, said signer was at that time eighteen years of age or older, of sound mind and under no constraint or undue influence. ()(7 ~ ~ c. y~ fl. f1~ Testatrix ~~ y(J /~~/A~ Witness ~ ~~~ Wit ess ~ r Subscribed! sworn to and acknowledged before me by' the above--named signer and subscribed and sworn to before me. by the above-named witnesses this I~+~ day of JUG1 19~. \ t~ rm~~ ~ No aro Public ) Q ~ ~A~l~tl. SEA! , .~ ~ M. OO.oor~~tSg ~~~~ ~~~,: ; M ~ii~~~ ~Wl\" C~~~~ri@~ c~.. ~A ~ L__ A:i~ C@Bmt"Jm~~ t:rn~i~~_fj~__~...~.J Page 7 ~ :S '-.) ~ - ~ J \' \ \ A _~ --- '-" JRZ - 5.1 mayo.2 March 24/ 2000 CODICIL I, Elaine R~ Mayo, of 891 Means Hollow Road, Shippensburg, Pennsylvania, being of sound and disposing mind, memory and understanding I do hereby declare this to be a, codicil to my will dated July 16, 1999. ~"'......... i- I~ -" . -,-., F'T"-I : , ."".'-) -.;--) ~=j I hereby revoke paragraph VIII of my said will whictr~Teads~s follows: ill appoint Mellon Bank, NA, of Shippensburg[ Pennsylvania, as executor of this my will." IN LIEU THEREOF', I direct that the following be substituted: II I appoint my SOD, lJohn S. Mayo! as executor of this my will. Should my said son, John S. Mayo, predecease me or fail to qualify as executor} I appoint Mellon Bank, NA, of Shippensburg, Pennsylvania, as executor of this my will." II. In all other respects I hereby ratify, confirm and republish my will dated July 16, 1999, together with this codicil as and for my will. -:;::.-:) ~~3 -: .-..-.-, .' T:~ '= ) . __. iUr"l . -~ ~, ) ---";-1 IN WITNESS WHEREOF, I have hereunto set my hand and seal this ,;;- Ii day or 0<"'''''''"; , "-"Jr, '7(;:;!./iLA::"'_"j(~,<> , 2 d,;:JC1 . Signed, sealedJ 2~R, M~~ ~ published and declared by the above-named ( S EAJ..J ) testatrix as and for her codicil to last will and testament in our presence, who in her presence, at her request and in the presence of each other have hereunto set our hands as attesting witnesses. ,,,':'-"'(':-'-"l~.~.::.,.,," " ~,:k.'~'<- l ~--- ..-,,-, ':~,~"q /f .\;" I'? -j'l.. ,,// a f g ?,tJ /". . ,'''f/"i?tu;:;;t;itfLiJ 1J-1J ll!p# {f,p' Ij,t" (,f/1Wf' 1."f~"-(ffE,,:J J' (I ,,/{/'if .' . (/ ,(i> /; n i/ ....L. b Wej Elaine R" Mayou I!J Ail #/) f:I. 4' r.'wtl tv' \y-(J iVL. fJ 'l. . ,;11....; if #;1 . ,fl } iPrtdLrt;;t/1.lf~:P'L~/ 1/ ,,";7r t~ and 7tlli~L/e: .'! /"'I l'1~~, the testatrix and the witnesses respectively, whose names are signed to the attached or foregoing instrument) being first duly sworn, do hereby declare to the undersigned authority that the testatrix signed and executed the instrument as her codicil to her last will and testament and that she executed it as her free and 'voluntary act for the purposes therein expressed and that each of the witnesses, in the presence and hearing of the said testatrix, signed the codicil as witnesses and to the best of their knowledge, said signer was at that time Page 2 eighteen years of age or older, of sound mind and. under no constraint or undue influence. 00 ' f) .~I . L-~\'vt Y ~~ Testatrix Q (/.) - ~ /l '- ,~(/ .?-; ",,,,,:;>7 ~'l' './~~'2:.Yr l' ~ ~ ~ ~,-:-t" ~ A~_./.r:../'~A:.,J ,.. (/Wi tness ./--'/ J/ ":# ( ,~~'~ ~_~7:;:/ ;y~. I ......-'r...-:~ Subscribed, sworn to and acknowledged before me by the above-named signer and subscribed and sworn to before.~e.by the above-named witnesses this I)~ day of RY?(2 ;' I , i 0 w 0 ~~;/L r L Notary Public' Witness .' Hamilton ~Ob~~.~.r~'Y Public I ! ShipJ2ensburg Bora. Cumberland County! 1 fv'ly 'Vommission Enoires Sept 22, 2000 ~ ! -.-~._-'--- p ". I Page 3 Ausherman Bros. Real Estate Inc. P'ro ertv De!icrintion t e o. Pronertv Address 891 Means Hollow Road City Shippensburq State Pa ZiD Code 17257-8208 Lenal Deseriotion Countv Cumberland Assessor's Parcel No. 39-14-0171-012 Tax Year 2005 R.E. Taxes $ Snecial Assessments $ 0.00 Borrower Jack/Elaine Mayo Current Owner Jack/Elaine Mayo Estate Occupant: r l Owner r Tenant IXl Vacant .. ProDertv riahts aODraised r:xJ Fee Simole I l Leasehold .Proiect Tvne lPUD r l Condominium IHUDNA onlv) HOA $ /Mo. Neinhborhood or Proiect Name MaD Reference 39-14-0171-012 Census Tract 0131.01 Sale Price $ Date of Sale Oescrintion and $ amount of loan charaes/concessions to be naid bv seller Lender/Client Appraisal For Market Value Address Aooraiser John D. Ausherman SRA Address 229 North Second Street, Chambersbura, Pa 17201 Location DUrban CZI Suburban o Rural Predominant Sin~e family housing Present land use % Land use change Built up DOver 75% CZI 25-75% o Under 25%. occupancy PRI AGE One family ~ [Z] Not likely D Likely $(000) (yrs) Growth rate o Rapid [gj Stable o Slow [gj Owner 95 ~Low~ 2-4 family _ o In process Property values 0 Increasing [gj Stable o Declining D Tenant 275 Hiah 100 Multi-family _ To: Demand/supply 0 Shortage ~ In balance 0 Over supply ~ Vacant (0-5%) ':i::.'i:!WHi~:1 Predominant lii]~(::' Commercial Marketina time n Under 3 mos. rxi 3-6 mos. Fi Over 6 mos. n Vac.lover 5%\ 200 10 vacant 20 Note: Race and the racial composition of the neighborhood are not appraisal factors. Neighborhood boundaries and characteristics: Refer to the attached map for boundaries of this property. : Factors that affect the marketability of the properties in the neighborhood (proximity to employment and amenities, employment stability, appeal to market, etc.): ~ The subiect orooerty is located in Southamoton township, Cumberland County. Market conditions in the subject neighborhood (including support for the above conclusions related to the trend of property values, demand/supply, and marketing time n such as data on competitive properties for sale in the neighborhood, description of the prevalence of sales and financing concessions, etc.): Interest rates are at record lows and the housina market remains strona. - Project Information for PUDs (If applicable) - - Is the developer/builder in control of the Home Owners' Association (HOA)? o Yes D No Approximate total number of units in the subject project Approximate total number of units for sale in the subject project Describe common elements and recreational facilities: Dimensions irreaular in shape Topography rollinQ Site area 117 acres Corner Lot DYes o No Size averaqe Specific zoning classification and description Res/d. Shape irreaular Zoning compliance CZI Legal 0 Legal nonconforming (Grandfathered use) 0 Illegal o No zoning Drainage averaae Hiohest & best use as imoroved: rX1 Present use n Other use (exDlain) View qood Utilities Public Other Off-site Improvements Type Public Private Landscaping averaae Electricity [gj Street asphalt [gj D Driveway Surface stone Gas D none Curb/gutter none 0 D Apparent easements none Water D on site Sidewalk none 0 D FEMA Special Flood Hazard Area o Yes [gj No Sanitary sewer o on site Street lights none R R FEMA Zone X Map Date 8/4/1988 Storm sewer n none AIIev none FEMA MaD No. 42158700158 Comments (apparent adverse easements, encroachments, special assessments, slide areas, illegal or legal nonconforming zoning use, etc,): No adverse conditions easements or encroachments observed in this neiqhborhood. - GENERAL DESCRIPTION EXTERIOR DESCRIPTION FOUNDATION BASEMENT INSULATION No. of Units 1 Foundation stone Slab no Area Sq. Ft. 1,200 Roof _0 No. of Stories 2 Exterior Walls brick Crawl Space ves % Finished 0 Ceiling ~ C3;J Type (Det./Att.) detached Roof Surface metal Basement yes Ceiling fLioist Walls ~ C3;J Design (Style) 2 sty Gutters & Dwnspts. Qal Sump Pump no Walls stone Floor ~ C3;J Existing/Proposed existina Window Type d.huna Dampness no eyid Floor concrete None _0 Age (Yrs.) 160 Storm/Screens x Settlement no Outside Entry yes Unknow~ 0 Effective Aoe (Yrs.) 30 Manufactured House no Infestation unknow ROOMS Fover Livinn Dinino Kitchen Den Familv Rm. Rec. Rm. Bedrooms # Baths Laundrv Other Area Sa. Ft. - Basement 1 200 : Level 1 1 1 1 1 1 .5 1 200 - Level 2 4 2 1 300 - ~ Finished area above arade contains: 8 Rooms' 4 Bedroom(s): 2 Bath(s): 2,500 Sauare Feet of Gross Livina Area i INTERIOR Materials/Condition HEATING KITCHEN EQUIP. ATTIC AMENITIES CAR STORAGE: Floors wd.lin/avq Type h.water Refrigerator [gj None 0 Fireplace(s) # _ C3;J None 0 Walls plaster/avq Fuel oil Range/Oven ~ Stairs 0 Patio 0 Garage # of cars Trim/Finish wood/a va Condition ava Disposal D Drop Stair 0 Deck 0 Attached 2 Bath Floor !in/ayq COOLING Dishwasher [gj Scuttle C3;J Porch porch CZI Detached Bath Wainscot plaster/avq Central none Fan/Hood [gj Floor 0 Fence 0 Built-In Doors wood/avq Other Microwave 0 Heated 0 Pool R Carport Condition WasherlDrver n Finished n Drivewav qravel Additional features (special energy efficient items, etc.): Condition of the improvements, depreciation (physical, functional, and external), repairs needed, quality of construction, remodeling/additions, etc.: Physical incurable depreciation onlv due to normal wear and tear associated with aqe. i Adverse environmental conditions (such as, but not limited to, hazardous wastes, toxic substances, etc.) present in the improvements, on the site, or in the immediate vicinity of the subject property.: No adverse enviromental conditions were observed on the subiect orooertv or within the neiqhborhood. UNIFORM RESIDENTIAL APPRAISAL REPORT FI N Freddie Mac Form 70 6/93 PAGE 1 OF 2 Form UA2 - "TOTAL for Windows" appraisal software by a la mode, inc. - 1-BOO-ALAMODE Fannie Mae Form 1004 6/93 "ATTACHMENT 2" ESTIMATED SITE VALUE . _ _ __ ~ -. - - ~ - - - - -----------.. ----------- $ Comments on Cost Approach (such as, source of cost estimate, site value, ESTIMATED REPRODUCTION COST-NEW-OF IMPROVEMENTS: square foot calculation and for HUD, VA and FmHA, the estimated remaining Dwelling 2,500 Sq. Ft. @$ 0.00 = $ economic lite of the property): Cost fiqures were derived form 1 200 Sq. Ft. @$ 1.00 = - Marshall Swift Cost Service with a local factor than aDDlied. = Remainina economic life is 40 years. ~ Garage/Carport _ Sq. Ft. @$ 0.00 = ! Total Estimated Cost New _ -----.-------= $ Less Physical Functional External Depreciation I I =$ Depreciated Value of Improvements --------------------------------- =$ "As-is" Value of Site Improvements =$ INDICATED VALUE BY COST APPROACH ------------------ --....... =$ ITEM SUBJECT COMPARABLE NO_ 1 COMPARABLE NO.2 COMPARABLE NO.3 891 Means Hollow Road Tax Parcel G-16-10 3265 Woodstock Road 681 Wagner Road Address Shippensbura Paxton Run Road ShiD. Chambersburq Chambersburo Proximitv to Subiect 1:"".,-;'1,),.,, 3.53 miles 5.75 miles 5.39 miles Sales Price 1$ 605.000 675.000 588.000 Price/Gross Livinll Area 1$ ctJ$ 222.10 ctJ $ 202.10 ctJ 269.23 ctJ Data and/or Verification Source MLS/INSPECTION MLS/lNSPECTION MLS/lNSPECTION -- VALUE ADJUSTMENTS ~ DESCRIPTION : + H$ Adiust. DESCRIPTION : + ( -)$ Adiust. DESCRIPTION : + ( -)$ Adiust. Sales or Financing Conv.Sale Conv.Sale Conv.Sale Concessions None None None Date of Sale/Time 3/26/2004 : 1/12/2005 : 12/31/2004 : Location Ayeraae Averaae : Averaae Averaae Leasehold/Fee Simole Fee Simple Fee Simple Fee SimDle : Fee Simole Site 117 acres 141.71 acres 64.03 acres 96.6 acres View aood aood aood aood Desinn and Anneal 2 sty 2 sty 2 stv 2 stv Qualitv of Construction Brick Brick Brick Brick -- Aoe 160 150+ 160 160 Condition Averaae Averaae Averaae Averaae Above Grade Total: Bdrms: Baths Total: Bdrms : Baths : Total: Bdrms : Baths Total : Bdrms : Baths : Room Count 8 : 4 : 2 9 4 : 1 : 8 : 4 : 2 : 8 4 : 1 : Gross Livinn Area 2 500 Sa. Ft. 2 724 So. Ft. : -2 240 3 340 So. Ft. : -8,400 2184 Sa. Ft. : +3 160 - - B~sement & Finished Full Full Full Full - Roams Below Grade 0 0 0 0 ~ Functional Utilitv Averaae Averaae : Iweraae : Averaae : -- Heatinn/Coolinn No C.Alr No C.Alr : ohw no air : oha no air : - Enernv Efficient Items N/A N/A : N/A : N/A : Garane/Carnort 1 car qaraae 1 car qaraqe : Garaae : +3 000 1 car aaraae : Porch, Patio, Deck, Porch Porch : Porch Porch Fireolace(s\ etc. Fireplaces Fireplaces : FireDlaces F:ireplaces Fence Pool etc. None None : None : None : Other : Barn : : Net Adi. (total\ r l + fX1 :$ 2240 r l + fX1 :$ 5400 D<l+ n :$ 3160 Adjusted Sales Price II I':,;:., ,',."; ",'~:;;":;'':I :,,' of Comoarable $ 602,760 $ 669,600 $ 591,160 Comments on Sales Comparison (including the subject property's compatibility to the neighborhood, etc.): All three sales would oenerallv aooeal to the same market as the subiect property and represent the best sales available in this market. These sales as well as other sales and current market offerinos were considered bv the appraiser. The hiahest and best use of the subiect land is its current use/farmland. ITEM SUBJECT COMPARABLE NO.1 COMPARABLE NO.2 COMPARABLE NO.3 Date, Price and Data No previous sale No previous sale No previous sale No previous sale Source, far prior sales C.House C.House C.House C.House within vear of annraisal Analysis of any current agreement of sale, option, or listing of subject property and analysis of any prior sales of subject and comparables within one year of the date of appraisal: No sales or transfers in the past 36 months. INDICATED VALUE BY SALES COMPARISON APPROACH _4_... .....--... ...--..--....---....----.- .---- ---.-----.. ---. .".....-....- $ 600 000 INDICA TED VALUE BY INCOME APPROACH (if Aoolicable\ Estimated Market Rent $ /Mo. x Gross Rent Multiplier -$ This appraisal is made [g) "as is" D subject to the repairs, alteration~ inspections or conditions listed below D subject to completion per plans & specifications. Conditions of Appraisal: Refer to the attached addendum for limitinq conditions of this report. Final Reconciliation: Principal weiaht is aiven to the sales approach which indicates what buvers and sellers are doina in the marketolace after neaoiatina for similar tvoe oroperties. - The purpose of this appraisal is to estimate the market value of the real property that is the subject of this report, based on tha above conditions and the certification, contingent - and limiting conditions, and market value definition that are stated in the attached Freddie Mac Form 439/FNMA form 1004B (Revised ). - I (WE) ESTIMATE Tr V AlU~ AS DEFINED, OFTHE REAL PROPERTY THAT IS THE SUBJECT OF THIS REPORT, AS OF October 39.2005 (WHICH IS THE DATE PECTION AND THE EFFECTIVE DATE OFTHIS REPORT)TO BE $ 600,000 APPRAISER: SUPERVISORY APPRAISER (ONLY IF REQUIRED): Siana~~ :=:-. Sionature D Did D Did Not Name JoK'lJ"1S. 'Ausherman SRA Name Inspect Property Date R~ Sioned October 30 2005 Date ReDort Sioned State Certification # GA-000148L State Pa State Certification # State Or State License # State Or State License # State Valuation Section Freddie Mac Form 70 6/93 UNIFORM RESIDENTIAL APPRAISAL REPORT PAGE'20F2 Form UA2 - "TOTAL for Windows" appraisal software by a la mode, inc. - 1-800-ALAMODE FileNo Fannie Mae Form 1004 6-93