HomeMy WebLinkAbout09-22-06
.
.. RE\i-1~ EX + (1.00)
OFFICIAL USE ONLY
-
COMMONWEALTH OF
PENNSYLVANIA
DEPARTMENT OF REVENUE
DEPT. 280601
HARRISBURG, PA 17128-0601
REV-1500
INHERITANCE TAX RETURN
RESIDENT DECEDENT
COUNTY CODE YEAR
SOCIAL SECURITY NUMBER
FILE NUMBER
II
06
0302
_ NUMBE!L ____
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DECEDENTS NAME (LAST. FIRST, AND MIDDLE INITIAL)
Wenrick, Anita R.
DATE OF DEATH (MM-DD-YEAR)
THIS RETURN MUST BE FILED IN DUPLICATE WITH THE
167 -24-1671
DATE OF BIRTH (MM-DD-YEAR)
03-02-2006
03-15-1930
! REGISTER OF WILLS
-----------+-- ---
I SOCIAL SECURITY NUMBER
(IF APPLICABLE) SURVIVING SPOUSE'S NAME ( LAST, FIRST AND MIDDLE INITIAL)
I
!
---+-
, ~ 1. Original Return
D 4. Limited Estate
~ 6. Decedent Died Testate (Attach
copy of WII)
D 9. Litigation Proceeds Received
D
D
D
D
2_ Supplemental Return
3, Remainder Return (date of death prior to 12-13-82)
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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~"5)
n 5. Federal Estate Tax Return Required
8. Total Number of Safe Deposit Boxes
D 11. Election to tax under Sec. 9113(A) (Attach Sch 0)
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NAME
Jerry A. Weigle, Esquire
FIRM NAME (If applicable)
Weigle & Associates, P.C.
TELEPHONE NUMBER
717/532-7388
COMPLETE MAILING ADDRESS
126 East King Street
Shippensburg, PA 17257
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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) D Separate Billing Requested
8. Total Gross Assets (total Lines 1-7)
9. Funeral Expenses & Administrative Costs (Schedule H)
10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I)
19,007.69
13,183.71
(1) 68,000.00 OFFICIAL USE ONLY
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(2) None =
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(3) None (.I) (J
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(4) None N C~)
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(5) 54,990.86 C)
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(6) None ::t:: --- 11
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(7) None N ;J) c=)
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(8) 122,990.86
(9)
(10)
11. Total Deductions (total Lines 9 & 10)
(11 )
(12)
32,191.40
90,799.46
12. Net Value of Estate (Line 8 minus Line 11)
13. Charitable and Govemmental Bequests/Sec 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) 0.00
(14) 90,799.46
---------- --
x .00 (15) 0.00
x .045 (16) 4,085.98
x .12 (17) 0.00
x .15 (18) 0.00
(19) 4,085.98
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SEE INSTRUCTIONS ON REVERSE SIDE FOR APPLICABLE RATES
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15.Amount of Line 14 taxable at the spousal tax rate,
or transfers under Sec. 9116(a)(1.2)
0.00
16. Amount of Line 14 taxable at lineal rate
90,799.46
17. Amount of Line 14 taxable at sibling rate
0.00
0.00
18. Amount of Line 14 taxable at collateral rate
19. Tax Due
120.00
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;
PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS
1. Did decedent make a transfer and: Yes No
i1 i~x--.I
a. retain the use or income of the property transferred;.................................................................................. ~ ~
b. retain the right to designate who shall use the property transferred or its income;.................................... 0 ~
c. retain a reversionary interest; or.................................................................................................................. 0 ~
d. receive the promise for life of either payments, benefits or care?.............................................................. 0 ~
2. If death occurred after December 12, 1982, did decedent transfer property within one year of death without
receiving adequate consideration?..... ...................... ........ ....... ... ... ........ .... .... .... ........... ................ .... ........ ........... D
--'
3. Did decedent own an "in trust for" or payable upon death bank account or security at his or her death?......... []
4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which
contains a beneficiary designation?......................................... ................................. .......... ................................. i _~.J
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 peIjury, I declarelhat 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 lha personal representative Is based on all infonnation of which preparer has any knowledge. . _ _____ ~_
SIGNATURE OF PERSON RESPONSIBLE LING RETURN ADDRESS
~{;E:,"NsfBl"O .'"ORESS-~~~~~;~~.:.~: 17201 _ u ...
L .. D.. We~~.~k P. O. Box 93
JJLL Newburg, PA 17240
TURE OF PREPARER OTH ----ADDRESS ~------_.._--------------------_.._-._.----_..
Je A. We! Esq
.
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Decedent's Complete Address:
STREET ADDRESS
328 East Orange Street
CITY Shippensburg
STATE P A
Tax Payments and Credits:
1. Tax Due (Page 1 Line 19)
2. CreditslPayments
A. Spousal Poverty Credit
B. Prior Payments
C. Discount
4,500.00
204.30
Total Credits (A + B + C)
3. InterestlPenalty if applicable
D. Interest
E. Penalty
TotallnterestlPenalty (0 + E) (3)
4. If Line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. (4)
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. (5)
A. Enter the interest on the tax due. (5A)
B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5B)
Make Check Payable to: REGISTER OF WILLS, AGENT
126 East King Street
Shippensburg, PA 17257
ZIP 17257
(1) 4,085.98
(2)
4,704.30
618.32
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DATE
9 t7'~(J/,
DATE
f/-/'1~
DATE
CJ-J'I--Oh
For dates of death on or after July 1, 1 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. ~911 (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.S. ~9116 (a) (1.1) (ii)]. The statute does not exemDt 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. ~9116 (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.
~9116 1.2) [72 P.S. ~9116 (a) (1)].
The tax rate imposed on the net value of transfers to or for the use ofthe decedent's siblings is 12% [72 P.S. ~9116 (a) (1.3)}. A sibling is
defined under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption.
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Rev.160~ EX+ (8-91)
*'
SCHEDULE A
REAL ESTATE
COMMONWEALlll OF PENNSYLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Wenrick, Anita R.
FILE NUMBER
21-06-0302
All mal property owned solely or.. a IlInant In common must be reported at fair markat value. Fair market value Is defined as the price at which property would be
exchanged between a willing buyer ancIa wlIlIng seller, neither being compelled to buy or sell, both having reasonable knowledge of the relevant facts.
Real property which Is JoInUy-owned with right of survlvorehlp muat be disclosed on schedule F.
ITEM
NUMBER DESCRIPTION
1 Residence at 328 East Orange Street - Borough of Shippensburg, Cumberiand
County, PA
VALUE AT DATE
OF DEATH
68.000.00
TOTAL (Also enter on Line 1, Recapitulation)
68.000.00
(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)
"
. ReY.150~ EX+ '1-91)
*'
SCHEDULE E
CASH, BANK DEPOSITS, & MISC.
PERSONAL PROPERTY
COMMONWEALTH OF PENNSYLVANIA
INHERITANCE TAX RE1\JRN
RESIDENT DECEDENT
ESTATE OF
Wenrick, Anita R.
FILE NUMBER
21-06-0302
Include the proceeds of litigation and the date the proceeds were received by the estate.
All property JoIntly-owned with the right of survivorship must be disclosed on schedule F.
ITEM
NUMBER DESCRIPTION
1 Cash on hand at date of death
VALUE AT DATE
OF DEATH
600.00
2 Orrstown Bank Checking Account #531529000 - joint with Leonard E. Wenrick,
spouse, until his date of death on 02/1412006
13.310.41
Accrued interest on Item 2 through date of death
1.30
3
Orrstown Bank Savings Account #450192
762.56
Accrued interest on Item 3 through date of death
2.56
4
Patriot Federal Credit Union Money Market Account
28.069.03
5
Patriot Federal Credit Union Share Account
500.00
6
1993 Ford Truck F150
3.200.00
7
1998 Buick Regal LS Sedan
3.545.00
8
Personal Property
5.000.00
TOTAL (Also enter on Line 5, Recapitulation)
54.990.86
(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-11(1 EX+ (12-19)
.
SCHEDULE H
FUNERAL EXPENSES &
ADMINISTRATIVE COSTS
COMMONWEALTH OF PENNSYlVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Wenrick, Anita R.
Debts of decedent must be reported on Schedule I.
FILE NUMBER
21-06-0302
ITEM DESCRIPTION AMOUNT
NUMBER
A. FUNERAL EXPENSES:
See continuation schedule(s) attached 11,077.79
B. ADMINISTRATIVE COSTS:
1. Personal Representative's Commissions
Social Security Number(s) I EIN Number of Personal Representative(s):
Street Address
City State Zip
-
Year(s) Commission paid
2. Attorney's Fees Weigle & Associates, P.C. 6,669.00
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, Cumberland County 302.00
5. Accountant's Fees
6. Tax Return Preparer's Fees
7. Other Administrative Costs 958.90
See continuation schedule(s) attached
TOTAL (Also enter on line 9, Recapitulation) 19,007.69
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA-1500 Schedule H (Rev. 6-98)
..
, Rev-i50, EX+ (8-.11
*'
SCHEDULE H-A
FUNERAL EXPENSES
conti n ued
~THOFPENNSYlVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Wenrick, Anita R.
FILE NUMBER
21-06-0302
ITEM
NUMBER
DESCRIPTION
AMOUNT
1
Cemetery Monument
2,000.00
2
Fog~lsanger-Bricker Funeral Home
8,350.50
3
Funeral Reception
252.29
4
Spring Hili Cemetery - grave opening
475.00
Subtotal
11,077.79
Copyright (c) 2002 form software only The Lackner Group. Inc.
Form PA-1500 Schedule H-A (Rev. 6-98)
. Rev-1111lJ EX+ (ll-98)
..
*'
SCHEDULE H-87
OTHER
ADMINISTRATIVE COSTS
continued
~THOFPENN8YLVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Wenrick, Anita R.
FILE NUMBER
21-06-0302
ITEM
NUMBER
AMOUNT
DESCRIPTION
1
Cumberland Law Journal - advertising Letters Testamentary
75.00
2
Estate Checks
8.50
3
Linda K. Klein - notary fee
13.00
4
Miscellaneous co-executor expenses
77.40
5
News Chronicle - advertising Letters Testamentary
117.50
6
Register of Wills, Cumberland County. filing PA Inheritance Tax Return
15.00
7
Register of Wills, Cumberland County - filing Family Settlement Agreement
75.00
8
Weigle & Associates, P.C. - reimbursement for postage, xerox copies, and long
distance telephone calls
27.50
9
Wolfe & Shearer Appraisals - real estate appraisal
275.00
10
Ziobrowski Appraisals - real estate appraisal
275.00
Subtotal
958.90
Copyright (c) 2002 form software only The Lackner Group, Inc.
Form PA-1500 Schedule H-B7 (Rev. 6-98)
'>
Rev.1611 EX+ (8-98)
.
SCHEDULE I
DEBTS OF DECEDENT,
MORTGAGE LIABILITIES, & LIENS
COMMONWEALTH OF PENNSYlVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
Wenrick, Anita R.
FILE NUMBER
21-06-0302
Include unrelmbunled medical expense..
ITEM
NUMBER DESCRIPTION
1 Borough of Shippensburg Tax Collector - 03/01/2006 real estate taxes
VALUE AT DATE
OF DEATH
337.53
2 Borough of Shippensburg Tax Collector - 03/01/2006 personal taxes
19.60
3 Borough of Shippensburg Tax Collector - 07/15/2006 real estate taxes
800.70
4 Penn National Insurance - automobile insurance premium
352.00
5 Penn National Insurance - homeowner's insurance premium
384.00
6 Unpaid funeral costs for Leonard E. Wenrick, spouse - (precedeased 02114/06)
Fogelsanger-Bricker Funeral Home, $7,773.50; Reception, $630.72
8,404.22
7 Utility expenses - including electric, gas, cable, telephone, and final cell phone
billing, from date of death to 04101/2006
666.54
8 Utility expenses - including electric and gas ($1,469.18), water, sewer, and refuse
($279.24), and telephone ($50.12) from 04/0212006 to 09/13/2006
1.798.54
9 Vehicle Expenses - including maintenance, repairs, tires, and inspections
420.58
TOTAL (Also enter on Line 10, Recapitulation)
13,183.71
(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. 6-98)
'\
REV.1"13 EX+ (9-110)
*'
SCHEDULE ..
BENEFICIARIES
COMMONWEALTH OF PENNSYlVANIA
INHERITANCE TAX RETURN
RESIDENT DECEDENT
ESTATE OF
NUMBER
Wenrick, Anita R.
NAME AND ADDRESS OF
PERSON(S) RECEIVING PROPERTY
TAXABLE DISTRIBUTIONS [include outright spousal
i:Iistributions.( and transfers
under Sec. l:I116(a)(1.2))
RELATIONSHIP TO
DECEDENT
Do Not Ust TRlsteelsl
FILE NUMBER
21-06-0302
SHARE OF ESTATE AMOUNT OF ESTATE
(Words) ($$$)
I.
1
Lenita D. Wenrick
P. O. Box 93
Newburg, PA 17240
Daughter
1/2 residue
42,899.73
2
Dennis E. Wenrick
7703 Talhelm Road
Chambersburg, PA 17201
Son
$5,000 plus 1/2
residue
47,899.73
Total 90,799.46
Enter dollar amounts for distributions shown above on lines 5 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)
LAST WIIL AND TESTAMENT
I, ANITA. R. WENRICK, of 328 East Orange Street, Shippensburg, Cumberland County,
Pennsylvania, being of sotmd mind, neoory and disposition, do hereby make, publish
and declare this my Last Will and Testament, hereby revoking and making void all
wills by 1m at any time heretofore made.
FIRST.
I order and direct the payment of all my just debts and funeral expenses as
soon as may be convenient after my decease.
SECOND. I give, devise and bequeath all my estate, real, personal and mixed,
whatsoever and wheresoever situate, to my beloved lnlsband, LEONARD E. WENRICK.
THIRD .
In the event my said husband should predecease me or is not living on the
sixtieth (60th) day following my death, I then give, devise and bequeath my said
estate as follows:
A. I give and bequeath the full sun of FIVE THOUSAND ($5,000.00) DOlLARS to my
son, DENNIS E. WENRICK.
B. I then direct that all the rest, residue and remainder of my estate, real,
personal and mixed, whatsoever and wheresoever situate, be sold at either
public or private sale as soon as may be convenient after my passing and
that my hereinafter-IlBJJEd Executors distribute the net proceeds of said
sale as follows:
1. ONE-HALF (1/2) of the net proceeds of sale to my son, DENNIS E.
'WENRICK, on a per stirpes distribution basis; and
2. ONE-HALF (1/2) of the net proceeds of sale to my daughter, LENITA. D.
DUNLAP, on a per stirpes distribution basis.
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(SEAL)
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FOURTH.
In the event that any beneficiary of this my Last Will and Testamant is
tmder the age of eighteen (18) years, I then give and bequeath said beneficiary's
share to and appoint as Trustee of any property which passes under this Will or
otherwise, ORRS'lGJN BANK, ShiPJ:?ensburg, Pennsylvania, AS TRUSTEE, NEVERTHELESS, to
invest and re-invest the SaJ.le tmtil the said beneficiary reaches the age of eighteen
(18) years, with the following powers in addition to those presently given by law:
A. The power to expend the income towards the health, support and maintenance,
and education, including a college (both tmdergraduate and graduate),
trade, business or teclmical school educat~on, of the said beneficiary;
B. The power to expend the principal, within the discretion of the said
Trustee, if the incane is insufficient, towards the health, support and
maintenance, and education, including a college (both tmdergraduate and
graduate), trade, business or teclmical school education, of the said
beneficiary;
C. '!he power to sell any and all real estate, within the discretion of the
said Trustee;
D. '!he power and obligation to distribute the balance of principal and
interest, if any remaining, when the said beneficiary reaches the age of
eighteen (18) years, without the necessity of a formal adjudication of the
Trustee's Accotmt in the Court of Cc:mwn Pleas of Cuaberland Cotmty, upon
the receipt of a good and valid release;
E. The principal of the Trust and the income therefran shall be free fran the
debts, liabilities, and engagements of those beneficially interested
therein, and shall not be subject to assignment by him or her, nor to
attacl:mEnt or execution tmder any legal, equitable or other process for the
enforcement of j11n~ts or claims of any sort against them, either
individually or collectively.
FIFlH. I nominate, constitute and appoint my husband, LEONARD E. \JENRICK, to be
the Executor of this my Last Will and TestanElt; if he be unable to fulfill the
duties of Executor, I then nominate, constitute and appoint DENNIS E. WENRICK of 4607
\oJhite Church Road, Chambersburg, Pennsylvania, and LENITA D. DUNLAP of 416 Newville
Road,
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(SEAL)
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Newville, Pennsylvania, or the survivor thereof, to be the Co-Executors of this my
Last Will and Testament.
SIXTH .
I hereby direct that all federal, state and other death taxes payable
because of UW' death, with respect to the property fanning UW' gross estate for tax
purposes, whether or not passing tmder this Will, including any interest or penalty
imposed in connection with such taxes, shall be considered a part of the expense of
adninistration of UW' estate and that such be paid out of the rest and residue of my
estate.
SEVEN'lH. I direct that neither UW' personal representatives nor Guardians shall be
required to give bond for the faithful performance of their duties in any
jurisdiction.
IN WITNESS WHEREOF, I, ANITA R. WENRICK, have hereunto set my hand and seal to
this my Last Will and Testament, written on three pages, the first two pages signed
for identification only, this 2,y9 day of '??1i~Z-, 1992.
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( SEAL)
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This inst:rulrent was by the Testatrix, ANITA R. WENRIa<, on the date hereof,
signed, published and declared by her to be her Last Will and Test:aIIalt, in our
presence, who at her request and in her presence and in the presence of each other,
we believing her to be of sound and disposing mind and nemry, have hereunto
subscribed our names as witnesses.
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aH:DNWEAL'lll OF PENNSYLVANIA
OOUNTY OF CUMBERLAND
ss.
I, ANITA R. WENRICK, the Testatrix whose name is signed to the foregoing
instrurIlmt, having been duly qualified according to law, do hereby a.cknc::Mledge that I
signed and executed the instrument as my Last Will; that I signed it willingly; and
that I signed it as my free and voluntary act for the purposes therein expressed.
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9iNorn or affi+med to and acknowledged
before n.e by/ANITA R. WENRIa<, the Testatrix,
this. i/l(;~da.. y Of.... IV. ~lb<-/. .~(]1992.
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NOTARIAL SEAL V
Jeny A. Weigle. NotalY Public I
~hiDoensburg PA Cumberland County
t . . _.. ..f"\ftA
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cc::t+DNWEAL'lH OF PENNSYLVANIA
COUNTY OF ClJMBERIAND
We, 'J1dr {)t'/~ 1~'/.7/_u- and
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the witnesses whose names are s~gned to
SSe
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qualified according to law, do depose and say that we were present and saw ANITA R.
WENRICK, Testatrix, sign and execute the instrument as her Last Will; that she
signed willingly and that she executed it as her free and voluntary act for the
purposes therein expressed; that each of us in the hearing and sight of the
the foregoing instruIoont, being duly
"
Testatrix signed the will as witnesses; and that to the hP-Rr of nit,.. 'L-nrn-.T1 Orlrro +-h~
, - - -- - - J -~ ~ ""... ""0.... ......L.... v.... OVu.uu. llLL11U C:U.IU
under no constraint or undue influence.
~1-L/\i~ia )'1. c-~ v<:-L~y\
Swom or aff.
b~for~\ ma:-by' ,
and .-;~:.
~...t,'n 'e sS,e"ils this ~^-t:'
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NOTARIAL SEAL !
Jeny A. Weigle, Notary Public
~"hippensburg, PA Cumberiand County
~i\,! Commission Expires July 31,1994
WOLFE&SHEARER APPRAISAL SERVICES
File No. 06-082
APPRAISAL OF
SUMMARY APPRAISAL REPORT
LOCATED AT:
328 East Orange Street
Shippensburg, PA 17257
FOR:
Jerry A. Weigle, Attorney at Law
126 East King Street
Shippensburg, PA 17257
BORROWER:
N/A
AS OF:
July 26, 2006
BY:
William A. Bassett
PA General Certified Appraiser
WOLFE&SHEARER APPRAISAL SERVICES
File No. 06-082
August 8, 2006
Jerry A. Weigle, Attorney at Law
126 East King Street
Shippensburg, PA 17257
File Number: 06-082
In accordance with your request, I have personally inspected and appraised the real property at:
328 East Orange Street
Shippensburg, PA 17257
The purpose of this appraisal is to estimate the market value of the subject property, as improved.
The property rights appraised are the fee simple interest in the site and improvements.
In my opinion, the estimated market value of the property as of July 26,2006
is:
68,000
Sixty-Eight 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.
Sincerely yours
_ (5-':"
\~~~."-'-~ b....~~~
William A. Bassett
PA General Certified Appraiser
WOLFE & SHEARER APPRAISAL SERVICES
Uniform Residential Appraisal Report
File No. 06-082
The purpose of this summary appraisal report is to provide the lender/client with an accurate, and adequately supported, opinion of the market value of the subject property.
Property Address 328 East OranQe Street City ShiooensburQ State PA Zip Code 17257
Borrower N/A Owner of Public Record Estate of Leonard Wenrick County Cumberland
Legal Description Deed Book 28N/Paae 457
Assessor's Parcel # Tax I D 32-34-2413-055 Tax Vear 2005/2006
Neighborhood Name Borouah of Shiooensbura Map Reference Map 34-2413
Occupant [xl Owner Tenant r I Vacant Special Assessments $ N/ A r l PUD
II Property Rights APpraised LXJFee Simple I I Leasehold I ] Other (describe)
Assignment Type []Purchase Transaction l Refinance Transaction Other (describe) Estate of Anita R. Wenrick
Lender/Client Jerrv A. Weiale, Attorney at Law Address 126 East Kina Street Shiooensburo, PA 17257
Is the subiect property currently offered for sale or has it been offered for sale in the twelve months prior to the effective date of this appraisal? 11 Ves xl No
Report data source(s} used, offering price(s}, and date(s}. N/ A
R.E. Taxes $ 1 078
Census Tract 0132.00
HOA $ N/ A I I per vear I I per month
I U did U did not analyze the contract for sale for the subject purchase transaction. Explain the results of the analysis of the contract for sale or why the analysis was not performed.
N/A
: Contract Price $ N/ A Date of Contract Is the properly seller the owner of public record? I I Ves I I No Data Source(s)
. Is there any financial assistance (loan charges, sale concessions, gift or downpayment assistance, etc.) to be paid by any party on behalf of the borrower? U Ves UNo
If Ves, report the total dollar amount and describe the items to be paid. $ N/ A
Note: Race and the racial comDOsition of the neiahborhood are not aaoraisa. factors.
Neighborhood Characteristics One.unit Housing Trends One.lJoitHolIslog f're~eo~~dtl.e %
Location X Urban Suburban Rural Prooertv Values X Increasina Stable Declinina PRICE AGE One-Unit 85 %
. Built-Up X Over 75% 25-75% Under 25% Demand/Supply Shortaae X In Balance Over Supplv $(000) (vrs) 2-4 Unit 10 %
: Growth Rapid X Stable Slow Marketina Time Under 3 mths X 3-6 mths Over 6 mths 60 Low 40 Multi-Family 5 %
~ Neighborhood Boundaries East Kina Street to the north Earl Street to the west. Garfield Street to 140 Hiah 100 Commercial %
~ the south, Queen Street to the east. 90 Pred. 70 Other Vacant %
Neighborhood Description The subiect orooertv is located in the Borouah of ShiooensburQ. ShiDDensbura Borouah is Icoated within both
Cumberland and Franklin County. Interstate 81 intersects the ShiDDrnsburo Marketarea south of the Borouah providina easy access to
all emolovment centers within Cumberland and Franklin County.
Market Conditions (including support for the above conclusions) ProDertv values are currentlv increasinQ. Interest rates ranae between 6.00 to 7.5 oer
cent orovidino for an active market at this time.
Dimensions 32' X 172' Area 5504 So.Ft. Shape Rectanaular View Residential
Specific Zoning Classification Residential Zonina Description HiQh Density Residential
Zoning Compliance [X Legal [lLegal Nonconformina (Grandfathered Use) I INo Zonina I IlIIeaal (describe)
Is the highest and best use of the subject property as improved (or as proposed per plans and specifications) the present use? lXJ Ves U No If No, describe.
Utilities Public Other (describe) Public other (describe)
Electricity r xli 1 Water I X I I
Gas r xli I Sanitary Sewer I X I 1
FEMA Special Flood Hazard Area lIVes rX lNo FEMA Flood Zone C FEMA Map #
Are the utilities and off-site improvements typical for the market area? fx lVes I INo If No, describe.
Are there any adverse site conditions or external factors (easements, encroachments, environmental conditions, land uses, etc.)? UVes lXJ No
Oft-site Imorov.ments-Type Public
Street Macadam Ix J
Alley Rear Ix I
420368 0001A FEMA Map Date 3/15/1979
Private
r l
r 1
If Ves, describe.
GENERAL DESCRIPTION FOUNDATION EXTERIOR DESCRIPTION materials/condition
Units I X lOne I lOne with Accessory Unit II I Concrete Slab r Crawl Space Foundation Walls Stn/ A va
# of Stories 2 StOry IIx I Full Basement f Partial Basement Exterior Walls Alum/Ava
Type IX]Det. r lAtt. I JS-Det.lEndUnit BasementArea 825 sQ. ft. Roof Surface Metal/AvQ
X Existing r lProposed I JUnderConst. BasementFinish 0% Gutters&DownspoutsAlum/AvQ
Design (StYle) 2 story lOutside Entrv/Exit r lSump Pump Window Type WoodDH
VearBuilt 1875 Evidenceof I Jlnfestation StormSash/lnsulated Yes/No
Effective Age (Vrs) 20 1 Dampness r 1 Settlement Screens Yes
Attic None Heating I I FWA I r X l HWBB II I Radiant Amenities WoodStove(s) #
Drop Stair X Stairs lOther I Fuel Oil Fireplace(s}# Fence
X Floor Scuttle Cooling 1 1 Central Air Conditioning PatiolDeck X Porch Fr/Rr
Finished Heated] Individual I f1 Other Pool Other
APpliances I IRefrigerator I IRanoe/Oven I I Dishwasher r ] Disoosal I I Microwave I IWasherlDrver r lOther(describe)
Finished area above arade contains: 6 Rooms 3 Bedrooms 1 Bath(s) 1.559 Square Feet of Gross Livina Area Above Grade
Additional features (special energy efficient items, etc.). Front Dorch rear Dorch outbuildinas (shed) in Door condition.
INTERIOR materials/condition
Floors Caro/Hdw/Fair
Walls Plas/DW/Fair
Trim/Finish Wood/Fair
Bath Floor Vinyl/Fair
Bath Wainscot Marolite/Fair
Car Storage I I None
Driveway # of Cars
Driveway Surface
Garace # of Cars
Carport # of Cars
Alt. [1 Det. r l Built-in
.
.
. Describe the condition of the property (including needed repairs, deterioration, renovations, remodeling, etc.). The subiect orooertv is in fair condition with maior
cosmetic and reoairs needed. Items needed is new olaster/Drvwall installed in walls and ceilinas in Dinina Room and front second floor
bedroom railinQ to second floor needs replaced. All the floor coverina needs replaced or refinished the kithchen cabinets need oainted
and/or replaced. Overall the interior needs painted and various walls and ceilinas throuQhout the property need oatched. Outbuildinos
are in very Door condition and should be demolished. No value givina to these buildinas.
Are there any physical deficiencies or adverse conditions that affect the livability, soundness, or structural integrity of the property? LJ Ves lXJ No If Ves, describe.
Does the property generally conform to the neighborhood (functional utility, style, condition, use, construction, etc.)? lXJ Ves U No If No, describe.
Freddie Mac Form 70 March 2005
- uling ACIIOftware, 800.234.8727 www.........com
Page 1 016
FaMie Mae Form 1004 March 2005
1004._05033005
WOLFE & SHEARER APPRAISAL SERVICES
There are 2 comparable properties currentlv offered for sale in the subiect neighborhood ranging in price from $ 89.000 to $ 100 000
There are 3 comoarable sales in the subiect neiahborhood within the past twelve months ran ing in sale price from $ 75 000 to $ 85 000
FEATURE I SUBJECT COMPARABLE SALE NO.1 COMPARABLE SALE NO.2 COMPARABLE SALE NO.3
328 East Orange Street 208 South Washington St 113 South Washington Street 39 Spring Street
Address Shiooensbura PA Shippensbura. PA Shippensbura, PA Shiooensbura. PA
Proximitv to Subiect 0.09 MI S 0.04 MI SW 0.75 MI W
Sale Price $ N/A $ 85.000 $ 81 000 $ 75.000
Sale PricelGross Liv. Area $ 0.00 SQ. ft. $ 63.72 SQ. ft.l $ 64.29 sa. ft. $ 60.48 sa. ft.
Data Source(s) Inspection Court House Records/Multi-List Court House Records/Multi-List Court House Records/Multi-List
Verification Source(s) Court House Records Ct. Hs. Rec. Ct. Hs. Rec.
VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +(.) $ Adjustment DESCRIPTION +(-) $ Adiustment DESCRIPTION +( -J $ Adiustment
Sale or Financing N/A COny Conv Cony
Concessions DaM 1 DaM 63 DOM 91
Date of SalefTime N/A 6/15/2006 4/5/2006 9/6/2005
Location Urban Urban Urban Urban
LeaseholdlFee Simole Fee Simple Fee simole Fee simole Fee simole
Site . 13 acres .04 acres .07 acres .04 acres
View Residential Residential Residential Residential
Design (Style) 2 stOry 2 stOry 2 stOry 2 stOry
Quality of Construction Ava/Alum Ava/Frame Ava/Alum Ava/Frame
Actual Aae 131 +/- Years 100 +/- yrs 100 +/- yrs 100+/- yrs
Condition Fair Averaae -15,000 Averaae -15.000 Averaae -15.000
Above Grade Total IBdrmsJ Baths Total I BotmsJ Baths Total IsamsJ Baths Total IBdrmsJ Baths
Room Count 6131 1 6131 1 5121 1 8 14 I 2 -3.000
Gross Livina Area 1 0.00 1 559 sa. ft. 1 334 SQ. ft. 2250 1.260 SQ. ft. 2.990 1.240 SQ. ft. 3.190
Basement & Finished Full 8smt Full 8smt Full 8smt Full 8mst
Rooms Below Grade Unfinished Unfinished Unfinished Unfinished
Functional Utility Averaae Averaae Averaae Averaae
Heating/Cooling OHW88/None OHW/None GFHAlNone OFHAlNone
. Energy Efficient Items Tvoical Typical Tvoical Tvoical
.
. Garage/Carport None 1 car Qaraoe -3 000 None None
PorchlPatiolDeck Fr/Rr Porch Fr/Rr Porch Fr/Rr och Fr/Rr och
.
.
. Net Adiustment (Total) 1 l+ rxl- $ 15,750 1 1+ [xl. $ 12010 [ 1+ rxl- $ 14810
Adjusted Sale Price Net Adj. -18.5% Net Adj. -14.8% Net Adj. -19.7%
- of Com parables GrossMj. 23.8% $ 69,250 Gross Mi. 22.2% $ 68 990 Gross Mi. 28.3% $ 60 190
I lX]did U did not research the sale or transfer history of the subject property and comparable sales. If not, explain
My research I I did r X did not reyeal any prior sales or transfers of the subiect property for the three vears prior to the effectiye date of this aooraisal.
Data source(s) Court House Records
My research I I did r X did not reyeal any orior sales or transfers of the comparable sales for the year prior to the date of sale of the comparable sale.
Data source(s) Court House Records
Report the results of the research and analysis of the orior sale or transfer history of the subject property and com arable sales (report additional prior sales on paae 31.
ITEM SUBJECT COMPARABLE SALE NO. 1 COMPARABLE SALE NO.2 COMPARABLE SALE NO.3
Date of Prior SalelTransfer 7/10/1979 None None None
Price of Prior SalelTransfer $65 890
Data Source(s) Court House Records Court House Records Court House Records Court House Records
Effective Date of Data Source(s) August 7. 2006
Analysis of prior sale or transfer history of the subject property and comparable sales The subiect orooerty has not sold or been listed within the Dast 3 Years.
The comparables sales have not sold or been listed the year orior to the current sale.
Summary of Sales Comparison Approach. The subiect property and comoarables are located in within the Borough of Shiooenburg. All the
comparables are similar in aae and desian. However, the Subiect property is in fair condition with renovations and mechanical uodates
needed throuahout the property. Therefore, this aooraiser felt that the condition adiustment was a proper adjustment made. All the
comparables are verified sales and are the best available.
Indicated Value bv Sales Comparison APproach $ 68 000
Indicated Value bv: Sales ComDarison ADDrOach S 68 000 Cost ADDrOach /if develoDlldl S N/ A Income ADDrOach /if develoDlldl S N/A
.
. This appraisal is made [K] "as is," U subject to completion per plans and specifications on the basis of a hypothetical condition that the improvements haye been completed,
o subject to the following repairs or alterations on the basis of a hypothetical condition that the repairs or alterations have been completed, or o subject to the following required
· inspection based on the extraordinary assumption that the condition or deficiency does not require alteration or repair:
.
Based on a complete visual Inspection of the Interior and exterior areas of the subject property, defined scope of work, statement of assumptions and limiting
conditions, and appraiser's certification. my (our) opinion of the market value, as defined, of the real property that Is the subject of this report Is S 68,000
as of Julv 26 2006 which is the date of InSPection and the effective date of this aDoralsal.
Uniform Residential Appraisal Report
File No. 06-082
Friddle Mac Form 70 March 2005
Produced uling ACllOlIware. 800.234.8727 www._.com
Page 2 of 6
FaMoe Mae Form 1004 March 2005
1004_~ 033005
Wolfe & Shearer Realtors
WOLFE & SHEARER APPRAISAL SERVICES
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COST APPROACH TO VALUE (not required by Fannie Mae)
Provide adeauate information for the lender/client to replicate the below cost fiaures and calculations.
Support for the opinion of site value (summary of comparable land sales or other methods for estimating site value) NtA
ESTIMATED I I REPRODUCTION OR I I REPLACEMENT COST NEW OPINION OF SITE VALUE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . = $
. Source of cost data Dwellino 1 559 Sa. Ft. t!il $ ............= $ 0
.
Qualilv ratina from cost service Effective date of cost data 8smt: 825 So.Ft. Sa. Ft. t!il $ ............=$ 0
Comments on Cost APproach (aross Iivino area calculations, depreciation, etc.)
Cost Approach was found inaoorooriate for this analvsis due to Garaoe/CarDort 0 Sa. Ft. t!il$ ............= $ 0
. the aqe and deoreciation of the subiect orooertv. ............=$ 0
Total Estimate of Cost-New
Less Physical I Functional I External
Deoreciation I I = $ ( 0
Deoreciated Cost of Imorovements . . . . . . . . . . . . . . . . .. . . . . . . . .. . .. . . = $ 0
"As-is" Value of Site Imorovements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . = $
Estimated Remainina Economic Life (HUD and VA only) Years INDICATED VALUE BV COST APPROACH...................... = $ 0
INCOME APPROACH TO VALUE (not required by Fannie Mae)
. Estimated Monthly Market Rent $ X Gross Rent Multiplier =$ Indicated Value by Income APoroach
Summary of Income Approach (including support for market rent and GRM) Nt A
PROJECT INFORMATION FOR PUOs(if applicable)
Is the developerlbuilder in control of the Homeowners' Association (HOAI? r lVes r lNo Unit Ivoe(sl r 1 Detached r 1 Attached
Provide the followino information for PUDs ONLY if the develooerlbuilder is in control of the HOA and the subiect orooertv is an attached dwellina unit.
Legal name of oroiect
Total number of ohases Total number of units Total number of units sold
. Total number of units rented Total number of units for sale Data source( s I
Was the project created bv the conversion of an existino buildino(sl into a PUD? r JYes r lNo If Yes, date of conversion.
. Does the project contain any multi-dwellino units? liVes I INo Data source( s I
.
Are the units, common elements, and recreation facilities complete? UVes UNO If No, describe the status of completion.
.
Are the common elements leased to or by the Homeowners' Association? UVes UNo If Yes, describe the rental terms and options.
Describe common elements and recreational facilities.
Uniform Residential Appraisal Report
File No. 06-082
FreddIe Mac Form 70 March 2005
Produced using AClooflwore. 800.234,8727 www.aciweb.com
Page 3 016
Fallllle Mae Form 1004 March 2005
1004_06033005
WOLFE & SHEARER APPRAISAL SERVICES
Uniform Residential Appraisal Report
File No. 06-082
This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit; including a
unit in a planned unit development (PUD). This report form is not designed to report an appraisal of a manufactured home or a unit
in a condominium or cooperative project.
This appraisal report is subject to the following scope of work, intended use, intended user, definition Of market value, statement of
assumptions and limiting conditions, and certifications. Modifications, additions, or deletions to the intended use, intended user,
definition of market value, or assumptions and limiting conditions are not permitted. Th~ appraiser may expand the scope of work
to include any additional research or analysis necessary based on the complexity of this appraisal assignment. Modifications or
deletions to the certifications are also not permitted. However, additional certifications that do not constitute material alterations
to this appraisal report, such as those required by law or those related to the appraiser's continuing education or membership in an
appraisal organization, are permitted.
SCOPE OF WORK: The scope of work for this appraisal is defined by the complexity of this appraisal assignment and the
reporting requirements of this appraisal report form, including the following definition of market value, statement of assumptions
and limiting conditions, and certifications. The appraiser must, at a minimum: (1) perform a complete visual inspection of the
interior and exterior areas of the subject property, (2) inspect the neighborhood, (3) inspect each of the comparable sales from at
least the street, (4) research, verify, and analyze data from reliable public and/or private sources, and (5) report his or her analysis,
opinions, and conclusions in this appraisal report.
INTENDED USE: The intended use of this appraisal report is for the lender/client to evaluate the property that is the subject of
this appraisal for a mortgage finance transaction.
INTENDED USER: The intended user of this appraisal report is the lender/client.
DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open market
under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is
not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of
title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well, informed
or well advised, and each acting in what he or she considers his or her own best interest; (3) a reasonable time is allowed for
exposure in the open market; (4) payment is made in terms of cash in U. S. 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 ASSUMPTIONS AND LIMITING CONDITIONS: The appraiser's certification in this report is subject to the
following assumptions and limiting conditions:
1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title
to it, except for information that he or she became aware of during the research involved in performing this appraisal. The
appraiser assumes that the title is good and marketable and will not render any opinions about the title.
2. The appraiser has provided a sketch in this appraisal report to show the approximate dimensions of the improvements. The
sketch is included only to assist the reader in visualizing the property and understanding the appraiser's determination of its size.
3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or
other data sources) and has noted in this appraisal report whether any portion of the subject site is located in an identified Special
Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this
determination.
4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question,
unless specific arrangements to do so have been made beforehand, or as otherwise required by law.
5. The appraiser has noted in this appraisal report any adverse conditions (such as needed repairs, deterioration, the presence of
hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he or she became aware of
during the research involved in performing this appraisal. Unless otherwise stated in this appraisal report, the appraiser has no
knowledge of any hidden or unapparent physical deficiencies or adverse conditions of the property (such as, but not limited to,
needed repairs, deterioration, the presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) that
would make the property less valuable, and has assumed that there are no such conditions and makes no guarantees or
warranties, express or implied. The appraiser will not be responsible for any such conditions that do exist or for any engineering or
testing that might be required to discover whether such conditions exist. Because the appraiser is not an expert in the field of
environmental hazards, this appraisal report must not be considered as an environmental assessment of the property.
6. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory
completion, repairs, or alterations on the assumption that the completion, repairs, or alterations of the subject property will be
performed in a professional manner.
Freddie Mac Form 70 March 2005
Produced USIng ACI sOllware, 800.234.8727 www.aciweb.com
Page 4 016
Fannie Mae Form 1004 March 2005
1004_05033005
WOLFE & SHEARER APPRAISAL SERVICES
Uniform Residential Appraisal Report
File No. 06-082
APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that:
1. I have, at a minimum, developed and reported this appraisal in accordance with the scope of work requirements stated in this
appraisal report.
2. I performed a complete visual inspection of the interior and exterior areas of the subject property. I reported the condition of
the improvements in factual, specific terms. I identified and reported the physical deficiencies that could affect the livability,
soundness, or structural integrity of the property.
3. I performed this appraisal in accordance with the requirements of the Uniform Standards of Professional Appraisal Practice
that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the
time this appraisal report Was prepared.
4. I developed my opinion of the market value of the real property that is the subject of this report based on the sales comparison
approach to value. I have adequate comparable market data to develop a reliable sales comparison approach for this appraisal
assignment. I further certify that I considered the cost and income approaches to value but did not develop them, unless otherwise
indicated in this report.
5. I researched, verified, analyzed, and reported on any current agreement for sale for the subject property, any offering for sale
of the subject property in the twelve months prior to the effective date of this appraisal, and the prior sales of the subject property
for a minimum of three years prior to the effective date of this appraisal, unless otherwise indicated in this report.
6. I researched, verified, analyzed, and reported on the prior sales of the comparable sales for a minimum of one year prior to the
date of sale of the comparable sale, unless otherwise indicated in this report.
7. I selected and used comparable sales that are locationally, physically, and functionally the most similar to the subject property.
8. I have not used comparable sales that were the result of combining a land sale with the contract purchase price of a home
that has been built or will be built on the land.
9. I have reported adjustments to the comparable sales that reflect the market's reaction to the differences between the subject
property and the comparable sales.
10. I verified, from a disinterested source, all information in this report that was provided by parties who have a financial interest in
the sale or financing of the subject property.
11. I have knowledge and experience in appraising this type of property in this market area.
12. I am aware of, and have access to, the necessary and appropriate public and private data sources, such as multiple listing
services, tax assessment records, public land records and other such data sources for the area in which the property is located.
13. I obtained the information, estimates, and opinions furnished by other parties and expressed in this appraisal report from
reliable sources that I believe to be true and correct.
14. I have taken into consideration the factors that have an impact on value with respect to the subject neighborhood, subject
property, and the proximity of the subject property to adverse influences in the development of my opinion of market value. I have
noted in this appraisal report any adverse conditions (such as, but not limited to, needed repairs, deterioration, the presence of
hazardous wastes, toxic substances, adverse environmental conditions, etc.) observed during the inspection of the subject property
or that I became aware of during the research involved in performing this appraisal. I have considered these adverse conditions in
my analysis of the property value, and have reported on the effect of the conditions on the value and marketability of the subject
property.
15. I have not knowingly withheld any significant information from this appraisal report and, to the best of my knowledge, all
statements and information in this appraisal report are true and correct.
16. I stated in this appraisal report my own personal, unbiased, and professional analysis, opinions, and conclusions, which are
subject only to the assumptions and limiting conditions in this appraisal report.
17. I have no present or prospective interest in the property that is the subject of this report, and I have no present or prospective
personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my
analysis and/or opinion of market value in this appraisal report on the race, color, religion, sex, age, marital status, handicap,
familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or
occupants of the properties in the vicinity of the subject property or on any other basis prohibited by law.
18. My employment and/or compensation for performing this appraisal or any future or anticipated appraisals was not conditioned
on any agreement or understanding, written or otherwise, that I would report (or present analysis supporting) a predetermined
specific value, a predetermined minimum value, a range or direction in value, a value that favors the cause of any party, or the
attainment of a specific result or occurrence of a specific subsequent event (such as approval of a pending mortgage loan
application).
19. I personally prepared all conclusions and opinions about the real estate that were set forth in this appraisal report. If I relied on
significant real property appraisal assistance from any individual or individuals in the performance of this appraisal or the
preparation of this appraisal report, I have named such individual(s) and disclosed the specific tasks performed in this appraisal
report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to
any item in this appraisal report; therefore, any change made to this appraisal is unauthorized and I will take no responsibility for it.
20. I identified the lender/client in this appraisal report who is the individual, organization, or agent for the organization that ordered
and will receive this appraisal report.
Freddie Mac Form 70 March 2005
Produced using ACI softwere. 800.234.8727 www.eciweb.com
Page 5 of 6
Fennie Mae Form 1004 March 2005
1004_05033005
WOLFE & SHEARER APPRAISAL SERVICES
Uniform Residential Appraisal Report
File No. 06-082
21. The lender/client may disclose or distribute this appraisal report to: the borrower; another lender at the request of the borrower;
the mortgagee or its successors and assigns; mortgage insurers; government sponsored enterprises; other secondary market
participants; data collection or reporting services; professional appraisal organizations; any department, agency, or instrumentality
of the United States; and any state, the District of Columbia, or other jurisdictions; without having to obtain the appraiser's or
supervisory appraiser's (if applicable) consent. Such consent must be obtained before this appraisal report may be disclosed or
distributed to any other party (including, but not limited to, the public through advertising, public relations, news, sales, or other
media).
22. I am aware that any disclosure or distribution of this appraisal report by me or the lender/client may be subject to certain laws
and regulations. Further, I am also subject to the provisions of the Uniform Standards of Professional Appraisal Practice that
pertain to disclosure or distribution by me.
23. The borrower, another lender at the request of the borrower, the mortgagee or its successors and assigns, mortgage insurers,
government sponsored enterprises, and other secondary market participants may rely on this appraisal report as part of any
mortgage finance transaction that involves anyone or more of these parties.
24. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are
defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal
report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as if a
paper version of this appraisal report were delivered containing my original hand written signature.
25. Any intentional or negligent misrepresentation(s) contained in this appraisal report may result in civil liability and/or criminal
penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States Code, Section
1001, et seq., or similar state laws.
SUPERVISORY APPRAISER'S CERTIFICATION: The Supervisory Appraiser certifies and agrees that:
1. I directly supervised the appraiser for this appraisal assignment, have read the appraisal report, and agree with the appraiser's
analysis, opinions, statements, conclusions, and the appraiser's certification.
2. I accept full responsibility for the contents of this appraisal report including, but not limited to, the appraiser's analysis,
opinions, statements, conclusions, and the appraiser's certification.
3. The appraiser identified in this appraisal report is either a sub-contractor or an employee of the supervisory appraiser (or the
appraisal firm), is qualified to perform this appraisal, and is acceptable to perform this appraisal under the applicable state law.
4. This appraisal report complies with the Uniform Standards of Professional Appraisal Practice that were adopted and
promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal
report was prepared.
5. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are
defined in applicable federal and/or state laws (excluding audio and video recordings), ora facsimile transmission of this appraisal
report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as if a
paper version of this appraisal report were delivered containing my original hand written signature.
APPRAISER
Signature .~ ~\"':b ~ \:..;..~~
Name William A. Bassett
Company Name Wolfe&Shearer Appraisal Services
Company Address 33 South Pitt Street
Carlisle, PA 17013
Telephone Number 717-243-1551
Email Address . ,
Date of Signature and Report ~ \ ~ '\ \ ~ \0 "
Effective Date of Appraisal July 26, 2006
State Certification # GA-001618-L
or State License'#
or Other (describe) State #
State PA
Expiration Date of Certification or License June 30, 2007
SUPERVISORY APPRAISER (ONLY IF REQUIRED)
Signature
Name
Company Name
Company Address
Telephone Number
Email Address
Date of Signature
State Certification #
or State License #
State
Expiration Date of Certification or License
ADDRESS OF PROPERTY APPRAISED
328 East OranQe Street
ShippensburQ, PA 17257
APPRAISED VALUE OF SUBJECT PROPERTY $ 68,000
SUBJECT PROPERTY
o Did not inspect subject property
o Did inspect exterior of subject property from street
Date of Inspection
o Did inspect interior and exterior of subject property
Date of Inspection
LENDER/CLIENT
Name
Company Name Jerry A. WeiQle, Attorney at Law
Company Address 126 East KinQ Street
ShippensburQ, PA 17257
Email Address
COMPARABLE SALES
B Did not inspect exterior of comparable sales from street
Did inspect exterior of comparable sales from street
Date of Inspection
Freddie Mac Form 70 M...ch 2005
Produced ..Ing AClloftwere. 800.234,8727 WWW.8ClW8b.com
Page 6 of 6
F8IlIlie Mae Form 1004 March 2005
1004_05033005
Wolfe & Shearer Realtors
Borrower: N/A..
ProPerty. Address: 328 East Orange Street
'City: ShipPEmsburg
Lanoer: Jerrv A. Weiale Attornev at Law
State: PA
----
Zip: 17257
FRONT VIEW OF
SUBJECT PROPERTY
Appraised Date: July 26, 2006
Appraised Value: $ 68,000
REAR VIEW OF
SUBJECT PROPERTY
STREET SCENE
Borrower: N/A "
P.roi:>ertv Address: 328 East Orange Street
City: Shippensbura
Lender: Jerrv A. Weiale Attornev at Law
COMPARABLE PROPERTY PHOTO ADDENDUM
File No.: 06-082
Case No.:
State: PA
Zip: 17257
/'
/
/
,/'
///
//
/,/'
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)~
COMPARABLE SALE #1
208 South Washington St
Shippensburg, PA
Sale Date: 6/15/2006
Sale Price: $ 85.000
COMPARABLE SALE #2
113 South Washington Street
Shippensburg. PA
Sale Date: 4/5/2006
Sale Price: $ 81.000
COMPARABLE SALE #3
39 Spring Street
Shippensburg. PA
Sale Date: 9/6/2005
Sale Price: $ 75,000
. '
DIMENSION LIST ADDENDUM
File No.: 06-082
Case No.:
State: PA
Zip: 17257
GROSS BUILDING AREA (GBA) 1,559
GROSS LIVING AREA (GLA) 1,559
Area(s) Area % of GBA
Living 1.559 100.00
Level 1 825 52.92
Level 2 734 47.08
Level 3 0 0.00
Other 54 3.46
Basement 0 0.00
Garage 0 0.00
Area Measurements Area Type
Measurements Factor Total Level 1 Level 2 Level 3 Other Bsmt. Garage
27.00 x 2300 x --1..QQ 621.00 ~ ~ ~
13.00 x 600 x --1..QQ = 78.00
14.00 x 9.00 x --1..QQ = 126 00
27.00 x 16.00 x J..Q.Q 432.00
1300 x 6.00 x --1..QQ 78.00 ~
16.00 x 14.00 x J..Q.Q 224.00
x x =
x x 8
x x 8
x x 0
x x 0 0 0
x x = B 0 0 B ~
x x = 0 B
x x 0 B 0
x x = 0 0
x x = 0 0 0 0
x x 0 ~ B
x x B
x x ~
x x =
x x ~ 0
x x = B
x x B
x x 0
x x 0 B B 0
x x ~ 0 0
x x B 0 0 0
x x B 0 0 8
x x ~ 0 B
x x 0 ~ 0
x x = ~ B 8 0
x x
x x
x x B 0 0 0
x x = 0 0 0
x x = 0 0 0 B
x x B 0 B 0
x x 0 0 0 0
x x 0 8 0 0 0
x x 0
x x 8
x x
x x = B
x x =
x x 8
x x
x x 0 0
x x = ~ 8 0 0
x x 0 8 B
x x 0
x x B B 8 0
x x B. B
x x 0 0 0
ThlI loon wla produced on 1he ACI Development RlpldFormo o)'Olom (100) 234-8721
. .
Borrower: N/A FileNo.: 06-082
Property Address: 328 East OranQe Street Case No.:
City: ShippensburQ State: PA Zip: 17257
Lender: Jerrv A. Weiale Attorney at Law
14.0' 6.0' 14.0'
I
I
b Iq
0; 173.0'
b
cO
....
6.0'
13.0'
b FIRST FLOOR b SECOND FLOOR
cx:l b cx:l
C"') co? C"')
N
b
~
14.0' 14.0'
b b
cO cO
13.0' 13.0'
Sketch by Apex IV WindowsTM
AREA CALCULATIONS SUMMARY LIVING AREA BREAKDOWN
Code Description Size Totals Breakdown Subtotals
GLAl Firat: l'J.oor 825.00 825.00 I'irat: l'J.oor
GI.A2 Second Floor 734.00 734.00 23.0 x 27.0 621.00
Pip Porch 54.00 54.00 6.0 x 13.0 78.00
9.0 x 14.0 126.00
Second FJ.oor
16.0 x 27.0 432.00
6.0 x 13.0 78.00
14.0 x 16.0 224.00
TOTAL LIVABLE (rounded) 1559 6 Areas Total (rounded) 1559
FLOORPLAN
LoeA TION MAP
File No.: 06-082
Case No.:
State: PA
Zip: 17257
./
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..........................._-,._----_.~_..~,.,.-,.
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MAP(C)1984-2002 TELE ATLAS NA. INC Scale: 1 .56 mi 1 es
Prepared by: Wolfe Shearer Realtors 717-243-1551
110 Address Date Price RM BR Bath SQFt Proximity
s 328 E ORANGE ST N/A 6 3 1 1559 0.00 HI
1 208 S WASHINGTON ST 6/15/2006 85,000 6 3 1 1,334 0.09 MI S
2 113 S WASHINGTON ST 4/5/2006 81,000 5 2 1 1,260 0.04 MI SY
3 39 N SPRING ST 9/6/2005 75,000 8 4 2 1,240 0.75 HI w
. .
APR 2 1 2006
April 20, 2006
TO: Law Offices of
Weigle & Associates, P.C.
126 East King St.
Shippensburg, PA 17257
FROM: Todd L. Miller
Cust. Service Specialist
P.O. BOX 250
SHIPPENSBURG PA 17257-0250
RE: ESTATE OF Anita R. Wenrick
DATE OF DEATH: March 2,2006
IT IS HEREBY CERTIFIED THAT THE ABOVE NAMED DECEDENT HAD, ON THE ABOVE DATE, THE
FOLLOWING ACCOUNTS WITH ORRSTOWN BANK:
CHECKING ACCOUNTS
ACCOUNT NO. TITLE OF ACCOUNT DATE OPENED PRINCIPAL & ACCRUED INTEREST
531529000 Leonard E. Wenrick 04/01/86 $13,310.41 $1.30
Anita R. Wenrick
SAVINGS ACCOUNTS
ACCOUNT NO. TITLE OF ACCOUNT DATE OPENED PRINCIPAL & ACCRUED INTEREST
450192 Leonard E. Wenrick 11/02/92 $762.56 $2.56
Anita R. Wenrick
..
MAR 2 8 2606
ITDLR. \L CJ<LDIT UJ\'IOl\i
March 27,2006
Weigle & Associates, P.C.
126 East King St
Shippensburg, PA 17257
RE: Estate of Anita R Wenrick
To Whom It May Concern:
I am writing in regards to your request for date of death values on the above referenced member. This account
was owned individually. This account was converted from the previous owner (Leonard) on 03/02/06. There was no
accrued interest because the account was converted to Anita's name the same day that she passed away.
Account
2570710
Prime Share (00)
Money Market (20)
Date of Death
Principal
$500.00
$28,069.03
Accrued Interest to
000
$0.00
$0.00
If you have any questions with regard to the above balances, or need additional information, please contact a
Membership Officer at 717-263-4444.
Sincerely I
Patriot Federal Credit Union
800 Wayne Avenue, Chambersburg, PA · (717) 263-4444 · Mailing Address: P.O. Box 778, Chambersburg, PA 17201-0778
I ,
'. ..
. ,
. .
.
- .
COOVER'S AUTO SALES ~ SERVICE, LLC cf'"&HCC. 1981
9662 MOLLY PITCHER HIGHWAY, SHIPPENSBURG, PA.InS7
PHONE (717) S32.3047 E.MAIL cooversauto@pa.net
GENERAL REPAIRS - STATE INSPECfION - NC SERVICE - QUALITY PRE.OWNED MOTOR VEHICLES
NAME Lenita D Dunlap DATE 08/02/06
ADDRESS 204 R N High St POBox 93 H PHONE 423-5128
CITY, ST. Newburg, Pa 17240 WORK
COUNTY CELL
YEAR 1993 OLD ODOMETER
MAKE Ford NEW ODOMETER
MODEL F150 XL 4X4 BRKLF
BODY Tk BRK RF
VINNO. 2FTEF14N4PCB17339 TIRELF
REG NO. EXP DTE TIRE RF
INS CO. POLICY #
QTY ITEM NUMBER DESCRIPTION
cf'"&HCC. 1981
71771
BRK LR
BRK RR
TIRE LR
TIRE RR
EXP DTE
PRICE
LABOR DESCRIPTION
I have appraised the above vehicle and have determined that in my opinion the vehicle's actual
cash value to be $ 3,200.00
I authorize above work to be performed. We assume no responsibility for loss
or damage of any kind while vehicle is on our lot or being driven for testing or
delivery. Payment in full to be made before vehicle is released.
AUTHORIZED SIGNATURE:
FARM USE TAX EXEMPT NO.
PD CASH
CHECK #
LUBE.OIL.FILTER
STATE INSP FEE
NC SERVICES
PARTS TOTAL
LABOR TOTAL
SUB. TOTAL
SALES TAX
AMOUNT DUE
PAYMENT
BALANCE DUE
AMOUNT
0.00
0.00
0.00
0.00
'"
Ke1tey ~l~~ Book - Private Party Pricing Report - Buick, Regal
, '
Page 1 of2
.~-=
ClOlIe Window )(
.~ ~,E"m TO PRINTER
ad'Jertis€<ment
\/\) h ii t ! 1,) V . il Sd t i 1 e qui C I.-j cl t I U fa c t u r i n 9 pi iJ t l t
; 11 No,th ,:-:~ nd So ut'~ l\f'lertCa r'l eans to you.
1998. Buick Regal LS Sedan 4D
BLUE BOOK'::! PRIVATE PARTY VALUE
Condition
.,/ Excellent
(Selected)
- advertisement ---
Vehicle Details
Engine: V6 3.8 Liter
Tr.nsmiuion: Automatic
DrivetrBin: FWD
MileBge: 102,000
Selected Standard Equipment
Air Conditioning Tilt Wheel
Power Steering Cruise Control
Power Windows AM/FM Stereo
Power Door Locks Cassette
Dual Front Air Bags
ABS (4-Wheel)
Traction Control
Value
$3,970
Good
Fair
Selected Optional Equipment
Premium Sound
Dual Power Seats
Blue Book Private Party Value
Private Party Value is what a buyer can expect to pay when buying a used
carfrom a private party. The Private Party Value assumes the vehicle is sold
"As Is" and carries no warranty (other than the continuing factory
warranty). The final sale price may vary depending on the vehicle's actual
condition and local market conditions. This value may also be used to derive
Fair Market Value for insurance and vehicle donation purposes.
Vehicle Condition Ratings
./ Excellent (Selected)
~""fiI'~~aP'"~"'-\I"!
.. ~1,. i ,fLJ,..'
$3,970
"Excellent" condition means that the vehicle looks new, is in excellent
mechanical condition and needs no reconditioning. This vehicle has
never had any paint or body work and is free of rust. The vehicle has a
clean title history and will pass a smog and safety inspection. The
engine compartment is clean, with no fluid leaks and is free of any wear
http://www.kbb.com/kb/ki.dll/kw.kc.ucp?kbb.P A;;P A055;& 17201&pop;619905&;;ucp;&9;BU;I4
5/21/2006
Kel~y Blue Book - Private Party Pricing Report - Buick, Regal
I . . .
Page 2of2
~ ~
or visible defects. The vehicle also has complete and verifiable service
records. Less than 5% of all used vehicles fall into this category.
Good
r.lr..JOD $3,545
"Good" condition means that the vehicle is free of any major defects.
This vehicle has a clean title history, the paint, body and interior have
only minor (if any) blemishes, and there are no major mechanical
problems. There should be little or no rust on this vehicle. The tires
match and have substantial tread wear left. A "good" vehicle will need
some reconditioning to be sold at retail. Most consumer owned vehicles
fall into this category.
Fair
Dt."1O $3,025
"Fair" condition means that the vehicle has some mechanical or cosmetic
defects and needs servicing but is still in reasonable running condition.
This vehicle has a clean title history, the paint, body and/or interior need
work performed by a professional. The tires may need to be replaced.
There may be some repairable rust damage.
Poor
o N/A
"Poor" condition means that the vehicle has severe mechanical and/or
cosmetic defects and is in poor running condition. The vehicle may have
problems that cannot be readily fixed such as a damaged frame or a
rusted-through body. A vehicle with a branded title (salvage, flood, etc.)
or unsubstantiated mileage is considered "poor." A vehicle in poor
condition may require an independent appraisal to determine its value.
* Pennsylvania OS/21/2006
Copyright @ 2006 by Kelley Blue Book Co., All Rights ReselYed. May-Jun 2006 Edition. The
specific information required to determine the value for this particular vehicle was supplied by
the person generating this report. Vehicle valuations are opinions and may vary from vehicle to
vehicle. Actual valuations witJ vary based upon market conditions, specifications, vehicle
condition or other particular circumstances pertinent to this particular vehicle or the
transaction or the parties to the transaction. This report is intended for the individual use of
the person generating this report only and shall not be sold or transmitted to another party.
Kelfey Blue Book assumes no responsibility for errors or omissions. (v. 06053)
"~--: SEND ro PRINTER
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5/21/2006