HomeMy WebLinkAbout94-04083
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I IN THE COURT OF COMMON PLBAS OF
I CUMBERLAND COUNTY, PENNSYLVANIA
I I' -r
I No. q~ - <I () ~ 1 c..v;1. ~~.f v"',,
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I CIVIL ACTION - AT LAW
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I JURY TRIAL DEMANDED
KBNNETH C. ANTHONY AND
ROBBRT A. BEBCHER,
Plaintiffs
ROUTE BI-TURNPIKE ASSOCIATES,
Defendants
NOTICE
YOU HAVE BEEN SUED IN COURT. If you wish to defend against
the claims set forth in the following pages, you must take action
within twenty (20) days after this Complaint and Notice are
served, by entering a written appearance personally or by
attorney and filing in writing with the Court your defenees or
objections to the claims set forth against you. You are warned
that if you fail to do so the case may proceed without you and a
judgment may be entered against you by the Court without further
notice for any money claimed in the Complaint or for any other
claim or relief requested by the Plaintiff. You may lose money
, or property or other rights important to you.
YOU SHOULD TAKE THIS PAPER TO YOUR LAWYER AT ONCE. IF YOU
DO NOT HAVE A LAWYER OR CANNOT AFFORD ONE, GO TO OR TELEPHONE 'l'HE
OFFICES SET FORTH BELOW TO FIND OUT WHERE YOU CAN GET LEGAL HELP.
NOT I C I A
Le han demandado a usted en la corte. Si usted quiere
defenderse de estas demandas expuestas en las paginas siguiented,
usted tiene viente (20) dias de plazo al partir de la fecha de la
demanda y la notificacion. Usted debe presentar una apariencia
escrita 0 en persona 0 por obongado u archivar en la corte en
forma escrita sus defensas 0 sus objeciones alas demandas en
contra de su persona. Se avisado que si usted no se defiende, la
corte tomara medidas tu puede entrar una orden contra usted sin
previo aviso 0 notificacion y por cualquier queja 0 alivio que es
pedido en la peticion de demanda. usted puede perder dinero 0
BUS propiedades 0 ostros derechos impoprtantes para usted.
LLEVE ESTA DEMANDA A UN ABODAGE IMMEDIATAMENT. 51 NO TIENE
ABOGARDO 0 51 NO TIENE EL DINERO SUFICIENTE DO PAGAR TAL
SERVICIO, VAYA EN PERSONA 0 LLAME POR TELEFONO A LA OFICINA CUYA
DIRECCION DE ENCUENTRA ESCRITA ABAJO PARA AVERIGUAR DON DE SE
PUEDE .CONSEGUIR ASISTENCIA LEGAL.
COURT ADMINISTRATOR
1 COURTBOUSE SQUARE
CUMBERLAND COUNTY COURT BOUSE
CARLISLE, PA 17013
(717) 240-6200
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KBNNBTH C. ANTHONY AND
ROBBRT A. BEECHER,
Plaintiffs
vs.
I IN THB COURT OF COMMON PLBAS OF
I CUMBERLAND COUNTY, PBNNSYLVANIA
I
I No."'~ -Yo 08 '> CL"t :r~",.."
I
I CIVIL ACTION - AT LAW
I
I JURY TRIAL DEMANDED
ROUTE B1-TURNPIKE ASSOCIATES,
Defendants
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COMPLAINT
The Plaintiffs, Kenneth C. Anthony and Robert A. Beecher,
through their attorney, Patrick F. Lauer, Jr., Esquire, aver the
I following in support of their civil complaint to enforce a
contract:
1. Plaintiffs are adult individuals Kenneth C. Anthony of
77 Mountain Road, Mount Holly Springs, Cumberland County,
Pennsylvania 17065 and Robert A. Beecher of 110 Hillside Drive,
Mount Holly Springs, Cumberland County, Pennsylvania 17065.
2. Defendants are the rennsyl vania General Partnership
Route B 1
Turnpike Associates of 6570 Carlisle Pike,
Mechanicsburg, Cumberland County, Pennsylvania 17055 and its
constituent members.
3. On or about February 25, 1991, the parties entered into
an Agreement of Sale of Real Estate whereby the Defendants would
sell the property located at 90 South Middlesex Road, Carlisle,
Cumberland County, Pennsylvania 17013 to the Plaintiffs for the
sum of $22,000.00, conditioned, inter alia, upon the Defendants'
obtaining final approval for the subdivision of the property.
See Exhibit "1" attached and incorporated herein by reference.
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The Agreement between the parties specifically
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contemplated that the plaintiff/Purchasers would improve the
'i property and that such improvements would "greatly enhance the
value of said property over and above the purchase price."
Paragraph 18 of Bxhibit "1."
5. The Agreement set a timetable of roughly five and one-
half months for settlement and the procurement of marketable
title, including approval of the subdivision, during which time
improvement of the property by Plaintiffs Anthony and Beecher was
to proceed. Paragraphs 3(a) and 12 of Exhibit "1."
6. Paragraph 3 (b) of the Agreement provided for an
extension of three and one-half months in the event the
Defendants/Sellers were unable to record the subdivision.
7. The Defendants were unable to procure marketable title,
particularly with regard to subdivision approval, before the
final settlement date of November 29, 1991 due to unreasonable
delay on their part.
8. The final installment of the purchase price was due on
the date of settlement. Because settlement has not yet occurred,
plaintiffs Anthony and Beecher have withheld the $16,500.00
payment. Paragraph 2 (b) of Exhibit" 1. "
9. The Agreement set forth provisions in the event of
default. The provisions for default of ths Defendants/Sellers by
reason of their inability to obtain subdivision are set forth in
Paragraph 18 of Exhibit "1." They delineate a procedure by which
the Defendants/Sellers are to pay to the Plaintiffs/Purchasers
the fair market value of the property in return for the property.
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II KBNNBTH C. ANTHONY AND
II 'ROBBRT A. BBBCHER,
I, Plaintifh
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I IN THB COURT OF COMMON PLBAS OP
I CUMBBRLAND COUNTY, PENNSYLVANIA
I
I No.
I
I CIVIL ACTION - AT LAW
I
I JURY TRIAL DEMANDBD
VB.
ROUTB 8l-TURNPIKE ASSOCIATES,
Defendants
I
I
VERIPICATION
,
II
I: above-captioned
I, Kenneth C. Anthony, state that I am the Plaintiff in the
oase and that the facts set forth in the above
,! Complaint are true and correot to the best of my knowledqe,
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: information, and belief. I realize that false statements herein
!are Bubject to the penalties for unsworn falsifioation to
authorities under 18 Pa. C.s. S 4940.
"
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AGREEMENT OF SALE OF REAL ESTATE
THIS AGRBBKBNT is made and entered into this l,t~ day of
February, 1991, by and betweenl ROUTB 81 - TURNPIKB ASSOCIATBS, a
Pennsylvania General Partnership, with a place of business at 6570
Carlisle Pike, Mechanicsburg, Cumberland County, Pennsylvania,
hereinafter called the "Seller",
AND
KBNNETd C. ANTHONY, of 77 Mountain Road, Mount Holly
Spr.l.ngs, Cumberland County/ Pennsylvar.ia, AND ROBBRT A. BRl1:CIIBR,
of 110 Hillside Drive, Mount 1I0lly Springs, Cumberland County,
Pennsylvania, her.einafter called the "Purchaser",
IN CONSIDERATION OF THE V.UTUAI, COVENANTS AND AGRI':EMENTS
HEREINAFTER CONTAINED, IT IS AGREED BY AND BETWEEN SELLER AND
PURCHASER AS FOI,LOWS I
1. Premises. l'he Seller agrees to sell to the
purchaser, and the purchase:c agrees to purchase and accept the
conveyance of all that certain tract or parcel of land, together
with the improvements erected t.hereon, if any, as more
particularly described and set forth in Exhibit "A" which is
attached hereto and incorporat.ed here.l.n by reference.
2. Consideration. The Purchaser agrees to pay to
Seller as full consideration or price of the said premises, the
sum of $22,000,00, payable as tollows:
f!. $5,500, CO Dol1:1rs upon the execution of this
Agreement, receipt whereof i3 hereby acknowledged;
b, The balance of $16,500.00, together. with
interest at the rate of Nine percent (9%) per annum on the unpaid
principal balance, which int3rest shall accrue until the date of
settlement, namely, August 15, 1991, ,md shall be payable in full
together with the outstanding principal balance,
3. .Settlement,
a. Settlement shall be held on or before the 15th
day of August, 1991, time to be of the essence,
b. In the event final subdivis.l.on approval has not
been obtained ~nd a subdiv~sion rGcorded on the date required for
settlement, Seller shall have the optJon of elCtending settlement
date for an add.\. tional period not, to exceed three (3) months.
Upon recording of the subd.l vision. <eller shall promptly notify
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Purchaser and settlement shall take place within fourteen (141
days of recording of subdivision if it occurs during the three (3
month extension period.
4. Prepavment. Purchaser shall have the right to
prepay all or any part of the unpaid principal balance, without
penalty for such prepayment, at any time and from time to time on
any regular installment date due, together with interest on such
prepayment to the date of payment, At such time as the interest
and purchase price are paid in full, Seller agrees to convey to
Purchaser said premises in fee simple by special warranty deed
subject to subdivision finalization,
5. Encumbrance. Seller and Purchaser acknowledge that
the premises is encumbered by a mortgage in favor of Fulton Bank,
Seller shall obtain a Release for the subject tract at final
settlement.
6. Preparation of Deeds.
a. Upon execution of this Agreement, Seller also
agrees to execute and deliver a deed for the premises described to
Louis J. Adler, Esquire, who shall retain said deed and deliver
same to Purchaser upon payment of the full purchase price stated
in this Agreement,
b. Upon execution of this Agreement, Purchaser also
agrees to execute and deliver a quitclaim deed for the premises
described to Louis J, Adler, Esquire, who shall retain said deed
and deliver same to Seller in the event of default by Purchaser so
that record real estate title may be expeditiously cleared.
7. Possession and Occupancy. Purchaser shall be
entitled to possession of the premises upon the execution and
delivery of this Agreement and the payment of any monies required
at the time of, or prior to, settlement. Purchaser thereafter
shall have the rigpt of occupancy.
8, Apportionment of Real Estate Taxes. Rents and
Expenses. All local real estate taxes shall be apportioned on a
fiscal year basis to the date of execution of this Agreement. All
rents, water rents, sewer rents, refuse charges and municipal
assessments will be apportioned, pro-rata, as of the date of the
execution of this Agreement, Thereafter, purchaser will pay all
annual real estate taxes as hereinbefore mentioned in Paragraph 2.
9, Local Real Estate Taxes. Future Water. Sewer and All
Municipal Assessments and Claims. All local real estate taxes,
future water, sewer and all municipal assessments and claims
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accruing from the date of the execution of this Agreement shall be
paid by Purchaser when and as same shall become due and payable.
Failure of Purchaser to malee auch payments on a current basis
shall give Seller the option to make payment of the delinquent
rents or charges and to add the amounts paid, with interest or
penalties plus a 6% accommodation charge, to the payments
otherwise required by this Agreement. Failure by the Purchaser to
submi, t such rents, assessments or charges to the proper authority
or to Seller herein within Six (6) months after the due date
stated on the appropriate billing shall constitute default on the
part of the Purchaser under this Agreement.
Nothing contained herein shall in any way be deemed to
require the Purchaser to be responsibla for the cost of or to
enter into any bonding or surety agreement for improvements or
otherwise which may be required by Middlesex Township in order for
Seller to obtain final subdivision approval for the Final
Subdivision Plan of Washington Common, Lots 1 through 5, dated
April 12, 1990, and the recording of said Plan.
10. Transfer Taxes. Seller. shall pay all state realty
transfer taxes calculated on the agreed consideration at the rate
applicable on the date of this Agreement; Purchaser shall pay any
local transfer tax, any documentary tax and any increase in the
rate of the state tax from that existing at the date of this
Agreement, Said conveyance stamps and taxes shall be furnished or
paid for at the time of delivery of deed.
11. Casual tv Insurance. Purchaser agrees at its own
expense to insure the premises against fire by policy or policivs
of insurance with extended coverage in the amount of not less than
the value of the improvements together with adequate liability
coverage $300,000,00/$100,000.00, Said insurance policies shall
be properly endorsed to show the interest of the Seller and Fulton
Bank, and each shall be entitled to the proceeds of said insurance
when due shall constitute a default under this Agreement. It is
expressly understood that the above insurance policy shall be in
addition to the insurance policy currently in force and effect by
Seller.
12, Leqal Title. The premises will be conveyed free
and clear of all liens, encumbrances and easements, excepting the
followingl existing building restrictions, ordinances, easements
of roads, privileges or rights of public service companies, if
any, agreement or like matters of record, and easements or
restrictions visible upon the ground. Otherwise, the title to the
described real estate shall be good and marketable, such as will
be insured by a licensed title insurance company at regular rates.
Legal title shall be conveyed by ,~ee simple deed with a special
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warranty,
In the event Seller is unable to give a good and
marketable title such as will be insured by a licensed title
insurance company subject to the aforesaid, Purchaser shall have
the option of taking such title as Seller can givu, without
abatement of price, or of being repaid all monies paid by
Purchaser to Seller on account of the purchaser price, together
with such reasonable costs of searching title as Purchaser may
have incurred. In the latter eVl3nt, there shall be no further
liability or obligation as to either party concerning this
Agreement which thereafter shall be null and void, Purchaser
shall be entitled to recover the costs aforesaid of title search
only if Purchasor obtained an attorney's opinion of condition of
title and notified Seller of any objections within Sixty (60) days
after date hereof. This provision shall be inapplicable if the
Seller's failure to provide a good dnd marketable title is due to
Seller's failure or inability to obtain a release of this property
from the existing Mortgage given by Seller to Fulton Bank or any
other Mortgage which may be placed on said property, or in the
event that final subdivision approval of the plan on which this
lot appears (Final Subdivision Plan for Washington Commons, Lots 1
through 5, dated April 12, 1990) is not obtained and the Plan
recorded on or before November 15, 1.991, in which case under
either or both of said events the Purchaser shall be entitled to
reimbursement and/or payment as hereinafter set forth in Paragraph
18 of this Agreement.
13. Maintenance and Hepai rs. Purchaser agrel3E that
Purchaser, at Purchaser's own expense, will maintain the premises
in a reasonable state of repair at all times and will not permit
any waste or disrepair to occur. Purchaser agrees to make any and
all repairs which, from time to time, become necessary or are
mandated by federal, state, county or municipal law, ordinances or
code in effect now or may become effective in the future.
14. AssionmenLQr Sale. This Agreement may not be
assigned by Purchaser without the prior written approval of
Seller, nor may the premises be sold by Purchaser by mean~ of an
installment sales agreement or compnrable document without the
prior written approval of Seller; provided that nothing contained
in this paragraph shall be construed as a prohibition against the
sale of the premises by Purchaser to il third party whereby Seller
receives the full consideration stated hereinabove, In the event
of such an "outright" sale, Seller agrees to execute (at no
addi tional cost to Seller) 1111 documents reasonably required to
effect such a sule and conveyance.
15. t@llantv as to Use or OccuDancv.
Seller warrants
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that present use of the premises is in conformity with federal,
state and local laws relative to zoning, building and other laws,
ordinances or codes. Seller makes no warranty or representation
as to the conformity of allY future use or occupancy of the subject
premises insofar as federal, state 01.' local laws are concerned
relative to zoning, building or other laws, ordinances or codes.
In the event that Purchaser wishes to obtain approval of a change
of use or occupancy, Seller agrees to cooperate to any reasonable
degree in such application or request, providing all costs
associated therewith shall be borne by the Purchaser.
16, Condemnation. In the event of condemnation of the
subject premises or any portion thereof by any governmental
agency, public authority or utility prior to the payment of all
the within obligations from Purchaser to Seller, the payment of
damages for the "taking" shall be divided between the Purchaser
and the Seller "as their respective interests then may appear."
17, Default.
BY PURCHASER; In the event of default by Purchaser,
Seller, may, as Seller's option, elect tal
(a) Retain the earnest money and all
monies paid on account of the
purchase price as liquidated damages,
in which event this Agreement shall
become null and void and both parties
shall thereupon be released of all
further liability hereunder. It is
hereby agreed chat, without resale,
Seller's damages will be difficult
of ascertainment and that the earnest
money and all monies paid on account
of the purchase price constitute a
reasonable liquidation thereof and
not a penalty.
In lieu thereof, however, Seller may elect either or
both of the following remedies:
(b) Apply the earnest money and all
monies paid on account of the
purchase price towards the purchase
price and proceed with an action
for specific performance,
(c) Apply said monies toward Seller's
loss on the resale of said property
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and proceed with an action at law
for all damages sustained by Seller.
Provided, however, that no such election of (b) or (c)
shall be final or exclusive until full satisfaction shall have
been received.
BY SELLER I Except as otherwise set forth in Paragraph
IB of this Agreement, in the event of default by Seller, Purchaser
may, at Purchaser's option, elect tal
Waive any claim for loss of bargain
in which event Seller hereby agrees
to repay to Purchaser the earnest money
and all monies paid on account, and
in addition, reimburse Purchaser for all
direct, out-of-pocket costs and
expenses (i,e" title examination,
survey, and attorney's fees and all
expenses incurred by Purchaser as
Bet forth in Paragraphs Band 9 of
this Agreement).
In lieu thereof, however, Purchaser may elect either or
both of the following remedies.
(a)
(b) An action for ~pecific performance;
(c) An action at law for damages
including loss of bargain (if
allowable) .
provided, however, that no such election of (b) or (c)
shall be final or exclusive until full satisfaction shall have
been rflceived.
lB. Default bv S€ller. Default bv Seller Due to
Failure to Obtain Mortqaqe Releases and/or Subdivision ADDroval:
It is understood by the parties to this Agreement that from the
date of taking possession of said premises in accordance with the
terms and conditions of this Agreemen1., the Purchaser intends to
make extensive repairs, rcmovations and improvements to the
existing structure on said property, It is further understood by
the parties ho':eto that all of said repairs, renovations and
improvements will greatly enhance the value of said property over
and above the purchase price prov.i.ded for her.ein, all of which
repairs, renovations and improvements shall be at the sole cost
and expense of Purchaser.
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Therefore, should the Seller be in default under the
terms and provisions of this Agreement as a result of the Seller's
failure or inability to obtain a Relonse of the property subject
to this Agreement from any and all Mortgages encumbering said
property on or before November 15, 1991, and/or should the Seller
fail to obtain final subdivision approval for the Final
Subdivision Plan for Washington Commons, Lots 1 through 5, dated
April 12, 1990, and record said Plan on or before November 15,
1991, then and in either of said events, the Seller shall pay to
Purchaser for the return of said property the fair market value
for said property as determined as hereinafter set forth.
The fair market value of the property for purposes of
this paragraph shall be determined by taking an average of the
written appraisals of three 93) licensed real estate appraisers.
One such real estate appraiser shall be selected by Seller who
shall bear the cost of said appraisal, one such real estate
appraiser shall be selected by Purcha~er who shall bear th~ cost
of said appraisal, and one such real estate appraiser shall be
selected by the other two real estate appraisers selected, the
cost of which shall be shared equally by the Seller and Purchaser.
All three real estate appraisals and the average thereof shall be
delivered to both the Purchaser and the Seller wi thin Fifteon 915)
days of the completion of all three appraisals and thereaft.er the
Purchaser shaJ.l pay to '.:he Seller the fair market value as
determined by the average of the three real estate appraisals
within thirty (30) days from the d~te of receipt of said average
appraisal, at which time the Quitclaim Deed provided in Paragraph
6 (b) to be held in escrow by LOllis J. Adler, Esquire, shall be
delivered to Seller.
Liens,
19. !,1acament of Liens ..,and Riqht of Purchaser to Pay
C\. Seller agrees that he will not knowingly or
voluntarily cause any encumbrance to be placed on said property
without prior written approval of Purchaser,
b. Notice, Notice of the entry of any mor.tgage,
judgment, lien or other encumbrance affecting title to said
premises received by the Soller after the date of execution of
this Agreement shall be given by tn0 Seller to the Purchaser
within Thirty (30) days of the recording thereof in the Cumberland
County Court House.
c. In the event uny n,ortgage, judgment. lien or
other encumbranca affecting titln to the premises existing at the
date of the exucution of this Agrer"m"nt or hereafter ent8red of
record and default in the payment i 8 made by the Selle~, then
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Purchaser shall have the right to make the delinquent payments and
to receive credit for the full amount of said payments made by
Purchaser and to deduct the amount thereof from the required
rights stated in this paragraph, Purchaser shall give Seller 3
days notice by certified mail of his intent to do so, but this
provision shall not limit Purchaser's right to make the delinquent
payments and to claim credit therefor,
20. R~cordinq. This Agreement may be filed of record
in any public office, 8S appropriate,
21, Applicable Law, In the event of any disagreement
or misunderstanding, the terms of this Agreement shall be
construed pursuant to the laws of the Commonwealth of Pennsylvania
in effect at the time of the execution hereof and as they maybe
amended subsequently,
22. Entire Aareement. This document contains the
entire agreement between Purchaser and Seller, there are no
representations, warranties, covenants, terms or conditions except
as specifically set forth herein,
23, Time of the Essence. Time shall be of the essence
of this Agreement and all of its conditions or modifications.
24, Bepresentations with Respect to Hazardous Waste.
Seller warrants that to the best of its knowledge,
information and belief no toxic waste or hazardous materials have
been deposited on the premises which warranty shall survive
settlement.
25. Additional Provisions. Seller warrants that to the
best of its knowledge, information and belief no toxic waste or
hazardous materials have been deposited on the premises which
warranty shall survive settlement.
26. Special Clause~:
a. 'fhe parties agree that the Purchaser may use
the existing domestic water supply until said property .J.S served
with public water.
b. Purchaser herein has inspected the said
property and agree to purchase same in an "as is" condition.
27. Bindinq Aqreement. This Agreement shall extend to
and be legally binding upon the parties hereto, their respective
heirs, executors, administrators and assigns.
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28, Waiver. The failure of either party to insist upon
mtrict enforcement of any provision of this Agreement shall not
constitute a waiver of the right to enforcement of that provision
or of any other provision.
29. Modification.
shall be binding unless same
by Seller and Purchaser.
30. Descriptive Headinqs, The descriptive headings
used herein are for convenience only and they are not intended to
indicate all of the matter in the sections which follow them.
Accordingly, they have no effect whatsoever upon the rights or
obligations of the parties,
No modification of this Agreement
shall be in writing and duly approved
31. Gender and Number, The neuter gender where used
herein shall be deemed to be masculine or feminine, and the
singular number where used herein shall be deemed to be plural,
whenever the sense of the instrument 50 requires; further, the
masculine or feminine gender where used herein shall be neuter and
the plural number where used herein shall be deemed to be
singular, whenever the sense of the instrument so requires,
32, Personal Property. Not applicable,
33. Confession of Judqment. In the event of default of
payment of any sum of principal or interest herein agreed to be
paid for the space of Thirty (30) days after the same shall become
due and payable by the terms hereof, or the breach of any other of
the terms of this Agreement, the whole of said principal,
following written notice to purr:hasar with a Thirty (30) day
opportunity to cure, at the option of Seller, shall become ~ue and
payable forthwith, anything hereinbefore contained to the contrary
notwithstanding, In such case of default, Purchaser hereby
authorizes and empowers any attorney of any court of record in the
Commonwealth of Pennsylvania or e13ewh~re to appear for Purchaser
and confess a judgment for the ent,i.re principal sum and interest
remaining unpaid thereon, with 10% attorney's commission or fees,
hereby waiving the right of exemption dnd inquisition, so fare as
the land herein described and any property or building thereon may
be concerned. Said Seller, may proceed by Action of Ejectment of
this Agreement after default made af! aforesaid for the recovery of
said premises; in such case, Purchaser hereby authorizes and
empowers any attorney of any court of record in the Commonwealth
of Pennsylvania, or elsewhere, to a9pear for Purchaser and confess
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judgment of ejectment, and authorizes the immediate issuing of a
Writ of Possession and Execution, (without asking leave of court)
for the costs and 10' attorney's commission or fees, waiving all
stay and exemption laws.
PRIOR TO THE SIGNING OF THIS AGREEMENT, PURCHASER HAS
HAD EXPLAINED THAT IN CASE OF DEFAULT, A JUDGMENT CAN BE ENTERED
IN COURT WITHOUT PRIOR HEARING AGAINST HIM OR HER WHICH WILL
REQUIRE THE PAYMENT OF ALL AMOUNTS DUE AND UNPAID UNDER THIS
AGREEMENT, OR WHICH WII,L REQUIRE DELIVERY OF POSSESSION OF THE
PROPERTY. PURCHASER UNDERSTANDS THE CONFESSION OF JUDGMENT CLAUSE
AND AGREES TO ITS TERMS, PURCHASER HAS HAD YEARS OF FORMAL
SCHOOLING AND HAS INCOME OF MORE THAN $10,000.00 PER YEAR.
IN WITNBSS WHERBOF, the parties hereto have hereunto set
their hands and seals the day and year first above written,
intending to be legally bound hereby.
SELLERr
ROUTE 81 - TURNPIKE ASSOCIATBS,
a Pennsylvania General Partnership
ATTESTr
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l.jI~' Secretary
(CORPORATE SEAL)
ATTESTr
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Secretary
BYr SPORTING GRBBN, INC.
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BYr MCFLYNN, INC.
AW,~__, -/," -;;'/~- L-
President
(COr.PORATE SEAL)
WI'rNJ:;SS I
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PURCHASBR:
~"'I~!(~LL---
Kenneth C. Ant ony . .
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Robert A. Beecher
Purchaser
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COMMONWEALTH OF
tit I tJ
PENNSYLVANIA, COUNTY OF . t,,~i' lL~#'e '........
)55.
before me
BB IT RBMBMBBRBD, that on ,~'''tudL<..~,j'
if '
the subscriber personally appeared Joseph
/991
,
D, Snyder who
acknowledged himself to be the President of Sporting Green, Inc.,
a Corporation, General Partner of Route - 81 Turnpike Associates,
a Corporation, and that being authorized to do so dS such
corporate officer executed the foregoing instrument for the
purposes therein contained on behalf of the corporation.
WITNBSS my hand and seal the day and YEt6r
aforedescribed,
,",
~IUr^HI^L ',[1\l
',ANIII1A M. TlTH, Ncu"y r,,~uo
MachAnlcablJro. Cuml)f)"nncl Comly
My ('.on""i"ol",' E.pI.... Moy 4, llJl12
~'4!/~ ~JI ~,I'
'Notary Public
COMMONWEALTH OF PENNSYLVANIA, COUNTY OF
)55.
BB IT RBMKMBBRBD, that on
before me the subscriber personally appeared
,
who
acknowledged himself to be the President of McFlynn, Inc., a
Corporation, General Partner of Route - 81 Turnpike Associates, a
Corporation, and that being authorized to do so as such corporate
officer executed the foregoing instrument for the purposes therein
contained on behalf of the corporation,
WITNBSS my hand and seal the day and year
aforedescribed.
!~ .
_. /L-. ILLI f) _
NOtary pub1ic
lIGfAIIM. IfAL
MAlltA A, llflIIY. IIOrAR'f PU8lIC
~~~1S8UIIG TWP.. IWJI'KlN rnuHlv
".. C(lIllMISSIIlN fJlPlIl(UQY 1i I Y~1
- 10 ..
~
.'
, '
COMMONWEALTH OF PENNSYLVANIA, COUNTY OF t.1G IId~"-(-(:~t J,-(1G )8S.
DB IT RBllBllBBRBD, that on >-'l,/.,..t'<'~'(, ,j~ 1<191
/
before me the subscriber personally appeared Kenn~th C.
,
Anthony
and Robert A. Beecher, known to me (or satisfactorily proven) to
be the persons, whose names are subscr ibod to the wi thin
instrument and acknowledged that they executed the same for the
purposes therein contained.
WITNBSS my hand and seal the day and year aforesaid.
N7,';"ISeal
Mlry,1 No',,,,',,, Nctlry"'blo
Cfllr.I;.'1!t E.'O''', , Cu'nbef1w1Q ~
~l, ";'~'r.,,:I'i'''~:1 r.prwAprt 11,1.
'Jlk"4 (/, /il-l-C./-d~
Notary P~lic .
- 11 -
"
ALL THAT CBRTAIN tract or parcel of ground situate in
Middlesex Township, Cumberland County, Pennsylvania, bounded and
described as follows, to witl
BRGIIIIIlING at a point on the western side of South
Middlesex Road, B.R. 1005, at the division line between Lots Nos.
3 and 4 on the hereinafter mentioned Plan of Lots; thence along
the western side of South Middlesex Road, S.R, 1005, South 11
degrees 37 minutes 58 seconds East, 207,99 feet to a point; thence
continuing along S6me by a curve to the right having a radius of
935.37 feet, an arc length of 100,89 feet to an iron pin at the
division line between Lots Nos. 1 and 3 on said Plan; thence along
said division line South 78 degrees 22 minutes 02 seconds West,
124.56 feet to a concrete monument; thence North 11 degrees 37
minutes 58 seconds West, 180.00 feet to a concrete monument;
thence North 46 degrees 39 minutes 55 seconds West, 137.49 feet to
an iron pin, said iron pin being the common corner of Lots Nos. 1,
3, 4, and 5; thence along the division line between Lots NOB. 3
and 4 on said Plan; North 66 degrees 50 minutes 05 seconds East,
80.55 feet to a concrete monument; thence continuing along same
North 78 degrees 22 minutes 02 seconds East, 130.00 feet to a
concrete monument on the western side of South Middlesex Road,
S. R. 1005, being the point and place of BEGINNING.
BEING Lot No.3, Final Subdivision Plan of Washington
Commons, which Plan is recorded in the Office of the Recorder of
Deeds in and for Cumberland County, Pennsylvania, in Plan Book
, Page
UNDER AND SUBJECT to drainage easements, sanitary sewer
easements, setback lines, conditions, restrictions and rights of
way as shown on the above-mentioned Plan of Lots and of record.
BEING PART OF THE SAKE PREMISES which Paul W. Sunday and
Jean C. Sunday, his wife, by their Deed dated the 28th day of
April, 1989, and recorded in the Office of the Recorder of Deeds
in and for Cumberland County, Pennsylvania, in Deed Book X, Volume
33, Page 779, granted and conveyed unto Route 81 Turnpike
Associates, a Pennsylvania General Partnership,
BXHIBIT "A",
" '
Eall,," Z
,~
t"'I
, I
,J'
, .
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Btlvln W. Barritt RI.I Eltatl
124 N. Hlnover 8tr...
ClrUII., PA 17013
(717)243.8848
MIY 17. 1994
r
I
t
, ~
.!
,
I'
'I
II
I'
I,
Ii
Bob Beecher
110 Hillside Drive
Mt. Holly Springs, PA 17065
RE:
Property -
90 South Middlesex Rd,. Middlesex
Carlisle, PA 17013
BEECHER, BobfANTHONY,Ken
94-0431
Borrower -
FileNo, .
Dear Sir or Madam:
In accordance wllh your request, I have personally Inspected and prepared an appraisal
report 01 the real property located at:
90 South Middlesex Rd" Middlesex, Carlisle. PA
The purposll 01 this appraisal Is to estimate the market value 01 the property described
In the body ot this appraisal report,
Enclosed, please IInd the appraisal report which describes certain data gathered during
the Investigation 01 the property, The methods 01 approach and reasoning In the
valuation 01 the various physical and economic lactors 01 the subject property are
contained In this report,
An Inspection 01 the property and a study 01 pertinent factors, Including valuation
trends and an analysis of neighborhood data, leade the appraiser to the conclusion that
the market value, as 01 May 9. 1994, Is :
$86,000
The opinion of value expressed In this report Is contingent upon the Limiting
Conditions attached to this report,
It has been a pleasure to assist you; III may be of further service to you In the future,
please let me know,
Respectfully submitted,
Steven W, Barrett Real Estale
s~ ~cu; 't~\l.
STAN SKOWRONEK
PA Certification 'RL-001572.l
Sll~~" W IlIrl~!\ Itlllll "M" ('1112~:1 66~1I
. .
.
c....
'ro If' 001 " IIln RESIDENTIAL APPRAISAL REPORT PUI No.
!.!EI"!,ty".d~"" .90 SOllth Kiddluex ROld CII)' CarUBle ~Io" PA /,pCod. 17013
"J'I~D.~."IPllon 5'0 Attached Plot. PlIn~ HlddleBe~ 'l'wp Counly Curoberland
1'\.: ""'m"I~.!ctI.NO, Ullkllown r" v." 9 3/9" Ill"'" $ 9 II ell ~ . 6pte'" Au...mtnl.
.. "'trOWlt ClifllnlOwn., Occu III I I ': Ownlt ,. 1 r,nant
Pro t t1 hll' ralud Fu Sin': I. i l'IlSlhold 1"0 leI 1 PI PUt) 'Cl)llliomlnlum ltiUON~ onl HOAS
~~IJh_bcl'~~H'PtoIICINlm. NOlie KnowlI M,pll"."n" / ".65 Conmr"cl 0118.00
.., ~~.p.,!~~ J_ ,._~ n.. Oil' ot 6DI, n. OUCllpllon Ilnd S amounl ulIO." chllfvuJCunC16510nS 10 IJ. pllld by 1111'1 n.
,'~; ~M~_~~J!~~I .lob..Beecher Addll55 110 Ul11slde Prive.HL Holly SprLnas. fA
,alllr MdlU&
LOCIlIon I,' '''1 ~ud"l ". . mtrl:I" : ~~~, ,.mllylDUlI16E i
Iulllup : . ,n II '"" ,$1000) IV'"
Orowlh Rill I I SlOw X: 0'1'111" 9 5 ~ 50 loW New,
Prolllrty v.lulI I X..151Ibll i. OlCllnlng hnanl lO,9 High 100
D.mand/suppIV : x: In balance OVlIsUpply, ~: Vncarll (0.6%) I' prQdOfl1lnanl) ':
Mark.lIn lIm. Und., 3 mus I 3 8 m05 i Ow 6 rM5 VacBlll (II~W ~', I
.tlI, ~... ....IM ,,,I.ltom,,,III..., '" ..Ig~lo,~..d." ,01.""ltll '..I,,",
N"ohbo,hoodooundllll"ndchllocIIIIIIIC. Subject III bounded on the North by Route 9,,1.. on the East by
1dlllu,,,, ~o.d. Oil the South by Route 233 and on the West by Route 233.
Factor. th.1 afl.tl the mark.lablllty at Ih. plop.flllS In lh. neighborhoOd IprOkanlly to I!lnllloym.nt iilld /Illllnllle5, employm.nt Slablllly, appul 10 mllrk.l, .tc,):
Tb.~e.re nO adverBe factorB to affect marketabllity of subjcct, Diverse stable cmployment and
JU..lcllpporting 'JIlenit,ieB arc within flasy drIvlng distance, SHSA 37.'.0
Vlcanl
IMo
"....11... WI' "
One Fllmlly '.0
1," 'Iltl1I1Y 0
Mulll.fOnllly 0
CommercllIl 0
L... Uti ,Ilt'll
I 'NOI"lkIlV
, ,
X:lnprocnl
To Resldelltial
Illk.,v
Mark.t conditIon. In Ih. subJecl neighborhOod (inCluding support 101' lhe above conclUSions relaUrd 10 Ihe Hend at property valullS. d.mand/suPPIY, and mark.flng 11m.
_. IUch .. dltl on comp.tlnv! proplltlu tor sal. In Ihe !1elghborllood, de5CrlpllOn 0' lhe prevalenCl vI 'Illes and IlnllnCll10 conceuions, 'fc,l'
valueB are currently stable with an av~rage marketlng time for previouB quarter 76
! '''IHII.lor....tI"ltr PUOI (If IIppllcable) -, IS IIle developer/bulldlr 111 conlrol 01 the Home Owners' Association (HOA)?
.~ Approximate tolal number of units In Ih, subject proj.ct He Approkunatl 10131 number 01 UMs lor SIll' In Ihe subject prolecf
D,lcrlb. common .1.menU and rtcrtaUOnallaCIIIIIU' N
Dlmtnllonc ~O]'.9911l24.56xI80~137 .,.9x80,55xI30 TopogIDphV Level
llIta'.. lLOLJCre ,JIl0 COIn" lei vos' XiNO 5". Typical for area
Specific zoning ellUlfleallon and dl5Ct1pllOn RF. Residen t 181 F~_r.1!l I _. ",. Shane I r regular
Zoning eompll.nCl Lx 1 l.gRI f 1 legal nonconlormlng (r,'IrCI,:~~rIIO _to) Illegal No lonlng Olalnao. Adequa te
':1 ~~~_st~.~.s.t ~SI"U 1~-provl~: t-i1.Pru,nl use : : Olll,er u~e fekplaln) View Other Resident i8l
I..,'".' Utmu.. PubliC Other Otf-IIl.lm"ovemlnll TYlll Public Prrvall landscaping Averaae
. Ellctrlclty t!I.. SII18t Macadam X: I,' ! DrivewaySurface None
Gu 1 Curb/guller None I Apparenleasements Unknown
Wlter --, Well Sidewalk None FEMA SpeCial Flood Hillard Area ;-"] VU "[X] No'
8anlllrySlWtr L. 'I SlIptic St...otllghl! None FEMAlone C Mop Dal' 06/15/81
!.~",!!.Wtr J1 AII.y None FEMAMapNo 420363
!: Comments (appar.nt adverse easlmlnls, encroachments, special asslssmenls, slide alalls, IlIeglll or laoa! nonconlormlng laMing use, etc.): Well/S~pti_c
,!;,Q!!I/!!9!LJ9r.are!l and have no adverae effect on marketabillty, There are no apparent adver~e
m n ncr hm or th r a verse conditions, Crc a roximatel 50 ft. t r ar
GENERAL DESCRIPTION EXTEIlIOR DE~CRIPTlON FOYNDATlON BASEMENT INSYLATION
No, of UnllS __ _1 Foundation Stone Slab None Aleil SQ_ Ft 672 Rool
No, 0' Storln .2.. Exterior Walls V i.ny 1 CraWl Space None o/~ Frnlsillld 0% Ceiling
, Typ. (D.t.IAIt) Det ached llooIS"I", Sh Ingle B",mtnl Full COIling Unfinished W,lIs
,.:. D.slgn (Styl.) .~_ St.ory Gutters & DwnspU, Aluminum Sump Pump None Walls Stone r-Ioor
Exlltlng/PrOPOeed ~_~.istin& Window TYPI Double Hung Dampness .Yes Floor Concrete Nonl
Ag. (Vra.) .. _~_Q.- Z5yr~ Slorm'Scrll"S Thermo Slwement None Outside Entr'J Yes Unknown
I Err,cllVI A . Vrs 10- 15 Manutactured House No Inllslllllon None
I ROO!>lL uFoylr lIUlnl DininO Kitchin Dtn Family Ilm Ilee Ilm. B'drooms
,
No
']
I""
xl
~
i~'1
["-'1
.~..,
I
, Balhs
laundry
Other
Area Sq. Ft.
_~~Il).I~~
k.~~1.1.
.l.v~.1_2
3
I
672
672
I
I
INTERIOR
Floor.
Walll
I Trim/Finish
Batn Floor
BalhWalnscot
Door.
Flnishld arll "'WI rade contains: 6
Mltlfllls/Condlflon HEATING
Carpet/Vinyl Ty~ FHA
Drywall Full Oil
_ Pine Condlflon Avg
Vinyl CODLING
Drywall Control Na
Wood Oln" Na
Av rl ondit Lon ConditIOn Na
Additional f'lIturts (special Mergy I'ficl,nt lIems, elc,):
Rooms,
3 Aedroom 5';
KITCHEN EOYIP
Helrlgero1!Or
Han~8/0ven Xi
OlSposal 1'-'
Dlshwaslw
FanfHlJo~
~Icrowav"
Wusheril) or
Covered porch.
I
Blllh S .
AMENITIES
i FireplllCa(s)'
l)allO
Oecl(
X POfell
Fence
Pool
1 344 Squllre Feel 0' Gross l!vln Area
CAll STOIlAGE:
None ,X
I .
: X GaraQB lof cars
AlIached
. X I Detached
Bullt.ln
Carport
Omrawa
ATTIC
Nona
Stairs
Drop Slalr
SC1Jt1l0
Floor
Hall1ed
FlnlshlHI
patio. 100 amp. electric service.
I....:....' ConOltlon or thl Improvements, dBj)rtClallon (r>"YSlCOI, !unctlOl1al. and ulernal) ropOlrs Mltded. quality of conWucllon, rarnodllllng/addlllons, etc,
. ~lllliY!lments are In average condition with no physlcsl or functional lnadequacles apparent. .
D~!I~~It. observed in basement which appears to be the result of sprlng rains, .. 100 year old
~\I(.~lj,~&, completely gutted and remodeled reaults In the estimated age of 20,25 years,
AdV.r.. Ilrfll'Of1m.nfal conditions (SUCh 118, b.lI nol Ilmlttd fo. halBlllous wlIsla5, tOklC su!)sl""ces, lIe I pre&enf In thll Improvements, on Ihe 51111, or In Ill.
Imm.dl.lt '_nl~ of th. SUbltet proplrty No adverse environmentsl conditions are apparent/discloaed,
'rtadll"laform7019t
,~ C!l
I'M,11012
SlII:WB'lI 'nr 11~1 j ~'i'l! P""II~~ 1)0"1 ~ IAOllI'j21 DalJ
I h'''' e M~o 'nnn 11104 (6 9Jl
, .
. ..
CI.. .:
RESIDENTIAL .!f!/"AISAL REPORT , Fill No.
EITIMATlOIITEVALIJE .". ,.$ 20.000 r Commln!s on Colt ApptOlch (Iuch II, IOI.llCI 01 C:Olt III/mill,
'Ii: lITl!lATlD RIPRDDUCTlDN CDIT.~IW,Of I!lPROVI!lI~II: . III. "'01, "001' 1001 ,OICOlO"on, on' 101 HUO, VA an' FmHA, Ih.
", D..llln. 1.344 1"F10' 40.00.' 53./60 ,,"m,'" """,,"ng lCO"omIC "I. 01 Ih. PIOP"~) Co.t now
.....nt, 6721PIII 12.00 8.06" from Horshl11 Swift Vllultlon Svrv1~.
W.ll/S.ptic/porch/f.tio 10,000 Handbook Ind locsl cost In.ly.i.. L.nd
I Oorl..lCorP<l1l Iq F10' velue from Herket lleto Compori.on,
Tollll.Uml"dC.lI~'w ., /: .82" llepred.t Ion based on .,e life obllrved
Llll 1.0" Phl.',"1 10neIl0,,"1 EMlllnOl condit Ion Ind Harket Dltl Andy.i.,
D.p""IUon ',OOQ , ., 5,000 Estimated Remelnlni Economic I.He ~~"O
D'j)r.cl.lIdV.lulollmprovtmlnll . S 66.82" I yrs I
't'
)\ 'Aa,I,'Vllul 01 1111 Imp'OYlmlnr" . $ 2 . 000
,,: I.DIUTII VALUIIHDIIA".DACN . , . ,
JTI~ IU,JECT eOMPARAUl1 ~O 1 I;O!lPAnAUlE ~O 1 I eO!lPARAUlE ~O 1
90 South Kiddlesex ROld 130/ West Pine Street 11109 Trlndle Rosd 105 Fry town ROld
}""!' Cnli.l ...\Ht. Holly Sprlnp,Q ,CsrllQle ,Clrlisle
,~ro"mll)'lolublocl, 9.Jll.hll . 13. .H.Iles I 19MBe. ..1
, 8lI"~"" , N...,.I, 9~,OOO ,. I, U.90Q, .,,,11..97,000.
.p'I"Ill'0"LI"AIII' 65.83'/' 16.6/ :/11~,28 ,I ,,9.4" Ii 1"',98 il 56.92 ~t 15.00"
DIllandlOl Inspection I Courthouse Records Courthouse RecordQ ,CourthouQe Record.
VIII~"U" lIou"" I i
~AJYI"AOJU5.TMI~T8 oE.~C~,I~T10~, OESCRIPTIO~ ,Ill'"""'" 0f.6CRiPtION ,,",",,'''''1, OE5CRlPtIO~
Illl" 01 flnon"ng None, Conv : None, Conv 'None, VA
C..""I... ,~".....,."..".."., ."..". DOH Unl<nown I DOH Unknown : DOH 52
.~.II..'~I'lTIm. HI... 3/94 1/9" i 1193
'. .\""11.""" Avenp,e Averalle : Avereie i Avereie
0: Jl...h.oldlh,llmpl' Fee Simple I Pee Simple ,Pee Simple I Pee Simple
. IllI.,. 1,03 Ac/ilvll .38 Ac/Avp, ,.60 Ac/Avi 3,9 Ac/Avp,
i '!IIlL., Other Res Id i Other Res Id , Othe r Res ld i Other Re. id
.. .~llll~~'Ap,,"1I 2 Story ;2 Story ,2 Story : 2 Story
Ou~HI)'.f_C'no"",lIon AVIlIV inyl : Avp,lV Iny 1 I AVil Sh Inp,l e : Avp,1 Shlnp,le
I.~.'''' .. 20.25 yrs,4 yr. 2,000159 yrs +3,000,100 yrs
.... J9.ndJ~9.n.." Aver'ge, I Averalle, I Avcraie, ,Aver8ie,
." ~..._G!~~I llIt.r Ikl"'.. I4It~. ; In'l . 14cWI ILI:'I ,III'. I~,.t, 11."1 In,,1 l)ef"f., Ihihl
I Room Counl Ii; 3 ,1 ,5 3, 1. 5 1.000, 6 3 ; 6 ,3 2
-,!r9~,.\I!'"iAr.., 1.344Sq,fI 11,200 60Fl +2.100: 1,/98 6,FI 6,80011,704 Iq.Ft
I... Ill..m. ,"".fI.nl.,.hld ;Full Bsmt lpull Bsmt ~'ull 8smt Partial Bsmt
. .R.",m-,!,'owGlldt \ Unfinished I Unfin iahed , Unfln Ished , Unfin IQhed
. ]u.",.U.o"-"UIUlI)' Average : Average ,Average : Average
. ~!~n,,~~llni... ' FHA/Ns : PHA/CA "2,000, ~'IIA/Na ; EBB/No CA
t 1~!illJ"IfIC1,"II"m' I Typical I Typical, ,Typical i Typical
f OoraJ.l.!f:.lrport, 'INone ,I Car Garap,e, '3.000,None iNane,
. P."h, PIUO, Dock, Porch/Patio Deck Porch/Deck Porches
.flI'PII'!('), 'I', INane iNane : I Pi replace . 2,000 I' P1.uce
, _"n'L~I,I", !None : None None I None
. .--- E""" ""=1'" .i . 'xi 1 5 800'[ : , IXI.',' 'I I 1'1'
~lI.~~IO.I!L 5,800 ii, ..~.. .)1.1.: ,:.~, 1,900
~~~;I!::~~rICl ,.,,_....,_..'w..~;~~.~~t:Ifl$ 86: 200 I~;:..lf:~fjl 83,1 00 !~;~....~~:~:,l, 89,100
Comm.nu on SailS Comparison (InClu~lng 11'1. subl.ct property's compatibility 10 tl'l. n'lgl'lbO/hOOd, 'lclLack of suitable campa rabIes in
b.lIl._ll\!l1j!!!:J'_s, immediate vicinity required an expanded search area, .. 100 year old dwellini
Jl.ut.~!l.d 8n4. completely remodeled resul t inll In the est imated age of 20' 2 5 years.
, . l J' Ac',~,~rr.N
'6.000
+5,000
'2.000
.~ ,400
+1,500
'1,000
_... "..ITIM SUBJECT;. COMPARAUlE NO , , COMPARABLE NO 2 CO!lPARABlE NO. 1
Dill, PrIC'ln~ Oat. None : None I None None
SourcI. for prior SillS None 'None I None ! None
,)I1[h.in.1!'Lollppr.'1I1 CQurthse Rec ~ Cou rt house Record s . Cou rthouae Records , Cou rthQuse Records
AnalYSIS of Iny current agrllment 01 sale, optlcn, or IlslIng of Il'Ie sUbl'CI prop,rty and analySIS of any prior sal.s of SU!)I'C! and comparablO! Wlll'lln on. y.ar of 11'1. dll. ollppralsal:
~~ priOr ~ales within past year.
INDICATID VALUIIYlALlI CDIIPAftIIDNA"ftOACH 1 8 6 . 000
IMDICATlD VALUIIY INCOME A""OAeM If A !lcabl. Esllmat.l1 Market I~.nl S {Mo, . Gross A,n! Multi lie' . S
TillS IppralUll1l mlde _~ 'as Is' I i subl'C! 10 Ihl r.palrs, .llt,ratlons, IOspl!cllons or condlllons Ilst'd below subj.ct fa completlnn per plans and $j).Clflcallons,
eon"lIonoo'App"",,: The property has been appraised In current condition. See attached addendum.
fI",IRoconClIIIUon: Cost and Msrket Analysis consistently support my ,estlmsted market value. GRN
AnalysiS was found inlpproprlat,e fot' this analysis, Greateat weight Is applied to the Market
p.~. Analysis, Supporting file Information substantiatea these estimates.
Th. purpose 0' this appraisal 18 10 Ulima I. Ihe r.larket valll' 01 the ',al property th,ll 15 fhe 5l)!)jlJC\ 01 thl~ repo/!, based 011 tl1. above cundlllans arod lh, C.IlI'ICIIIIOI1, coollng.nf
and limiting condlllons, and market valv' dellnlllon l~al.ltlf Slo1htd 10 1M JlUcnel1 Freddie Mllc Fo,m 4]9,rannl' Ma. Form 100~1J lAlIV1sld "/93 )
I \WlI IITIMATI TNI IIA'11T VALUI, AI DIfIIID, D' THI ftlAl PIOP!ftTV THAT II THI "JICT OP TH" ''''l8J' AI OP May 9. 1994
I_N II THI . DATI OP INIPICTION AND THI IPPICTlVI DATI 0' THII ft"O~TI I'.. 8~. OO)~' -If
AH'AIIIrr-::-:-.'.--\/ \, IU' ft'.-uII~LVIr. UlftIDI:.
'l'!.~~_ :--~ -;.:::~.)\.\J f'rw'<-_ slgnlllu~.' - ,Old i X Old Not
~~..!..,,11'M1 SKOWRONEK NOIn. STEVF.N W, BARRE'rT. SRA. SRPA In'PICI Proporly
D,!!!.fl.lll'!!~i",d HlY 9, 1994 0,,, II"",, sign" May 9. 1994
'lJlJ.~I.!~!\l!!!2l!' RL.001572 'L 5,"1. PA SI'I.C""""",",GA 000298 L 110" PA
Orlllltll"'" S,"IO O,S"I.I.I"n", 88 026921 A '"'' PA
Irtddl,"'lIflll'mi'Ol-. 12CI1 PM,IJOI2 1'""'I/Muf~r'~'OO4(lJ9J)
Srln' oN n., 't" U,t" I ~'I'I! 1'1 i 114:1 ~ij~ft
. ..
Ilqrrowerl CU,nt
PrOlllflv Addr_
9!.L
-~
. , SKETCH ADDENDUM
___..nE!:HEL-_Jl!1.!1AN1'J!QNldtIl!JI. .... _ _ 'n.'____ ,-,----,---
__. 90 SOll~JL.M.1!I!!b!!!;lILBll_u..HJlllllnll!x, _ ________,__.._.___________
__~ulb.l!I~UmL __n_ Cyml1uJ.!lruL,__.____~.I..I~,____J.'A.____~l' Co!!! 17013
~1tJSJUhU_____n. __ .._ .n
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ffl.13A 11 1980 Forms and Wormlt Inc, 31& WM""y Ave N"w HlI\lIm, C r 06/\11 All Algi'll., ReBer.....ed 1 (800) 243.04&<4&
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S. W. BARRETT REAL ESTATE APPRAISAL SERVICES
Borrow.r/Clltnl
PlODtrlY Addr...
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L.nd.,
Bob ANTHONY Ken
Iddlusex Rd,. Middlesex
County (;umberlnnd
B~:ECHER
90 South
Carlisle
Bob Beecher
Zip Cod. 17013
5111. I'A
APPRAISAL ADDENDUM SPECIAL CONDITIONS
The loIIowln, .",,,,ktd Iltml... Ipcdn< Ipc.,.1 <on.tirionllhal w.,. id.nlln.d by IIIiI appnl.., durin,lJI. 1n."",llon 0( Ihr lubJcd property, IJI. <omparablt ....,.
II1d thrl, Mtahbomood. and IOt'lIlorll, Unit.. uthrf"*l.r nUlr.J.lhr n1tdillurlllhat apply 10 IhI llibjcd pruptl1)' or 1M ,,'umparlblr. uard DO NOT IIftd the marbt
vllLat 01' &hI rUlUl'l n_nll.bUily l'llb. luhjrl;t pf'Uptl1)' twin, .ppr.h~. '.lll. i. nut. hi.,,, iJ\llWI,..ion Ir",icc. Thl, I. an .pprtl..111J ,Ul.matt marktl valu..
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Thll subjecl is 10cal.'II In a rural arCa and i$IIJSS lhan 2S% buill up, Thl$ condition Is lypicaI and common ror lhe area and
DOES NOT affccllhc mwkel valuc or fUIaI'C markcllIbility or Ihe suhjeCI,
Commertillll1nduslrial USll~ ore localcd wi!hin the subjccI's nclghborhood, These USll~ we Iypical or simUw neipborhoodt
and DO NOT alIectlhe markel valuc or rUlure markclllbilily or the subject properly,
Vacanl and undevelojlL'\I hUld uses we localed within lhe subject's neighborhood, These uses ore Iypiclll ror the area and
DO NOT IIfrect!he markel value or ru!ure mwkelahUIly or the ,~ubjecl properly.
The predominant value in !he neighborhood Is less than Ihal or Ihe mwltel value or the subject properly, This is due to tbe
very wide ronge or value or properlies In the wea WId superior qualily of the subjecI properly, This condition DOES NOT
arrectthe markel vlllue or thll subject or ils ruture marketability.
The subjecl properly is localed in a F,E,M,A, IdeOlined Rood Zone. This condillon DOES NOT arrecl!he mllrltel value or
ruture morkelabHily or the sabjecl when lllxxI insurunce coverage Is required, Flood Insurance is sugsesled.
Dampness is noted In the busemenlor Ihe subject. This condition is considered Iypical in dwellings or !his slyle and DOES
NOT arrecI mwkel value or the fulure mwkelllbllily or Ihe subject StWlding or running walcr WllS nOl presenl on basement
floor. ~/
The subjecl properly is serviced by private well ~ and septic V syslems which is common for the lire..
This does notllfrecl mwket value or rUlure marketability. -
The subjeclls older than five (S) yews old. All mechanical syslems Including the healing. eleclriclll and plumbing syslems
aJlpeW upon a visulll exterior inspection to be in working order, No wOlTanties we Implied in !his statement.
Repair ilems were noled in lhe comments section or the report, These comments on repllir ilems lire ror descriptive
purposes only and ore nOI required repairs, The repllir items listed ore cosmelic in nature and DO NOT arrectthe mmet
value or ralure mwilelllbillly or lhe subjecl properly,
The basemenl floor Is a dirl noor, This condition is common and Iypiclll ror lhe orca and DOES NOT arrectthe markel
value or rUlure mwkelllbility or the subject The presence or a dirt nonr DOES NOT pose a health or sarely hazard.
The subject properly does cOlllain fur,ctional obsolescence u.~ noted in !he reporl, This condition is considered Iypical and
common ror the orca and this style dwelling and DOES NOT IIfrectlhe morket value or ruture mwke18bility of the subject
property,
The land value exceeds 30% or IOIllI value due 10 !he high demand ror vocantland in this neighborhood, This condlllon is
considered common and typical ror th~ neighborhood and DOES NOT afrec!lhe mwkel value or rUlure mwketabillly of
lhe subject.
The land value exceeds 30% or 10lal value, This Is due to the large size or !he sile, This condilion Is considered to be
typical and com mOIl and DOES NOT IIffeclthe morkel value or ru!ure morkelllbilily or Ihe subject
Indivldaal ndjusunenls were required thai exceed IS%, These adjustmlJnts were required due to lack or more similar
complll'llbles on thai individual rating, All three compwables we the BEST A V AILABLE,
TOlal adjuslmeOls exceed 2S%, This i$ due to the IlICk or comporable soles lhal were more similar in !he subject's markel
wea, AlIlhree compwables arc Ihe BEST A V AIL ABLE,
One or more comporable sales are older!han six (6) mon!hs old, Although Ihere ore comporable properties in the subject's
orea. none have sold recenlly.therero/'C. Solles in excess of six (6) monlhs old have to be used, All three compuables used
were the BEST A V AIL ABLE,
One or more comporables used were in excess or one (I) mile rrom $abjecI property, Although there are complll'llble
properties In the immediale orea. none have sold receOlly, Therefore. il was necessary 10 use compwoble sales outside of
the Immedla!e area, All compwables used are located in similar neighborhoods and within the same marketing IUU AU
three comparables used were lhe BEST A V AllABLE,
The eleclrical syslem wu.~ not connecled during inspection.
The water service Wa.~ nOI connecled during inspection,
The heating system Wa.s shul down during in$pection,
Rooring Plumbing Electrical Heating
Inground swimming pool . out buildings __ included
lenders guidelines,
According 10 lenders guidelines a maximum or __ acres were considered ror Ihis valualion, Remaining ocreage was
given no value,
The subjecl properly is located on a privale road,
Wood Inresllllion inspectiOll is suggesled,
Last recorded deed Iransrer: Date LJ N .<Ak' ,,; ;\) , Consideralion: S _
Proposed consuuction/renovalion in accordance 10 plans and specifications to be completed In a workman-like manner.
Seller is paying part or all or closing cosLs, This DOES NOT arrccllhe mwket value or rUlure m.ukclability of Ihe subject
All comparable sales we verined c10Slld sales,
There we no special condilions or OIher requlremenl$thal would IIffecl mwket value or rUIUre markelabilily in Ihis Ap-
praisal Report
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cerlificalion is suggested.
, nOl Included
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DI'INITION 0' MARKET VALUE: Th. mo.1 prob.blo prlc. which a proporty .hould b,lng In a eomp.llllv. and
o.,.n market undar all condlllon. ..qul.,I. 10 0 ,.1' "'0, th.. buyer .nd ..lIer, ..eh acllng p,ud.nlly, knowl.dg..bly
.nd ...umlng Ih. prlc. I. nol a".ct.d by u"du. .lImulu. Impllell In Ihl. d.flnlllon I. Ih. eon.ummatlon 0' a ..1.
a. of a .p.clfl.d dat. and Ih. pa..lng 0' IltI. Irom ..lIer 10 buyor undor eondlllon. wher.by. (I) buy., .nd ..11.,
.,. typlo.lfy motlvat.d; (2) bolh p.rll.. ... w.1I Inrorm..d or w.1I .dvl..d, .nd ..ach aellng In whal he con.,d... hi.
own b..1 Inl....I; (3) a ....on.bl. lime I. .1I0w.d lor '~po.uro In th. opon m.rk.l, (4) p.ymonl I. m.d. In lerm.
01 n.h In U S, doll.r. or In t..rm. 01 tI".ncl.1 .".ng.m..nt. comp.,abl. ther.to; and I~) Ih. prlc. ..p....nl. th.
norm.1 conlld..atlon for th. prop.rty .old un.tt.cl.d by .pocla' or c".lIv. fln.nelng or ..I.. conc,,,'on.' g..nlOd
by .nyon. ...oclal.d wllh tho ..I.
'Adju.lm.nl. 10 Ih. comp.rabl.. mU'1 b. mado lor .p.cl., or cr..ollvo financing or ..,... conc...lon. No adju.tm.n"
a.. n......ry 'or Iho.. Call. which a.. norm.lly paid by ..11." .. a ro.ull of Iradlllon or law In . m.,k.t ar..;
th... cO.I. a.. r..dlly Id.nllllabl. .Inc. Ihe ..1I.r P'Y' Ihe.. co.l. In vlrlu.lly .11 ..I.. ".n..ctlon.. Sp.clal or
o...lIv. tlnanclng adlullm.nl. c.n b. mad. 10 th. comper.ble property by comparl.on. 10 tln.nclng lerm. ofl.red
by a third parly Inllllullonal I.nd.r Ihal I. not ol...dy Involv.d In Ihe properly or 'r.n..cllon. Any .dlu.lm.nl
.hould not b. ..lcul.l.d on . m.chanlcal doll.. lor dollar cO.I 01 Ihe IInanclng or conc...lono bUI the doll.r
amount of any .dlu,lm.nl Ihould Ippro.ltlmato tho ma,kot'1 rUBcllo" 10 the financing or co"colllo"1 baud on the
appr.I..,'.judgm.nt
STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION
CONTINGEN~ AND LIMITING CONDITIONS: Th. appro"er'. c..llflc.llon Ih.lopp.a" In Ih. .ppral.., ..pori
I. .Ubj.Cllo Ih. following condlllon.'
1. Th. appral..r will not b. r..pon.,bl. lor m.Il." 01 . '.gal nalura Ihal a".ct allher Ih. properly being .ppral.ad
or th. tltI. 10 II, Tlla .ppr.I... ...ume. Ihal tha tltI. " good .nd mark.tabl. and, th.r.'oro, wlli nol rond., .ny
opinion. .boUllh.Ilt1. Th. property I. appr.'.ed on Ih. ba.l. of II b.lng und.r r..pon.'ble own."hlp
2, Th. .ppr.'..r h.. provided a .k.leh In Ih. .ppral..1 r.porl 10 .how .ppro~lm.le dlm.n.lcn. of Ihe Improv.menl.
and Ih. .k.lch I. Includ.d only 10 ...1.1 Ih. ro.d.r of th. r.port In vl.u.llzlng Ihe prop.rty .nd undellt.ndlng Ihe
appr.'..,'. d....mlnallon a' II. .,..
3, Th. .pprol..r h.. e..mlned Ih. .veilab'e 1I00d m.p. Ih.1 ar. provld.d by Ihe Feder.1 emerg.ney Man.gemenl
Ag.ncy ,or olh., dala .ouree.) .nd h.. nOled In the .ppr.I..1 r.port whelh.r Ih. .ublecl .lIe I. 10c.l.d In an
Id.ntlfled Splelal Flood Hazard Area. Becaul8 the appraIser ill not 8 lurveyor, he or ahe mike. no gUI,.nleea,
a~pr... or Impli.d, r.gerdlng thl. determination.
4, Th. appr.'.ar will not give 1..llmony or .ppe.r In co'''' bec.u.. h. or .he m.d. en .ppr.I..1 01 Ihe proparty In
qUI.tion unl... .peclfic arrangement' to do 10 have beGn made beforehand
5, Tha appral.ar ha. ..lImel.d th. v.'ue 0' Ih. land in Ihe co.1 .pproach .1 II. hlgh.'1 .nd be.1 u.. and Ihe
Improvementl at their contributory value The lopsrslo vslUStlonH 01 the land and improvements mUlt not be
u..d In eonjuncllon with any other .ppr.l.al .nd .r. invalid IIlh.y .r. .0 u.ad,
5, Th. appr.'.er Ii.. noled In Ih. .ppral.al reporl .ey .dv.r.e condlllon. (.uch .., n..d.d rep.lr., depr.cl.llon, Ihe
pr.lence of hazardouI waltel, toxic lubltancel, elc.) observed during the Inspeclion 0' the subject property or that
h. or .ha becam. .w.r. 01 during the norm.1 r....rch involved In p.rformlng the appr.I..!. Unl... otharwl.e .Ialed
In Ih. .ppralul reporl, Ih. .pprel..r h.. no knowl.dg. 0' any hidd.n or unepparenl condition. of Ih. prop.rty or
adv.,s. environmenta' condition I (including the prosenc8 01 hazardous wastes, to)lic lubltanc8s, etc_) Ihat would
make the property mar. or Ie.. valuable, and has assumed thai there are no such conditions llnd mIkes no
gu.ranl... or wa".nti.., e.pre.. or Implied, ragardlng Ih. condition 01 Ih.. prop.rty Th. .ppral.er will nol be
r..pon.lbla for any ouch condlllon. Ihal do .".t or for .ny .nglO..rlng or I..ting Ih.1 mlghl b. r.qulred 10 dl.covar
wh.ther luch conditions 8)1lst. Betluse the appraiser il nol 8n 8)1pert in the Ueld of cJnvlronmental hazards, the
appral.al report mUlt not be consIdered 81 an enVIronmental Bn$nmon! 0' the property
7. The appral.er obtained the information, estimates, and opinions that were e)lpressed in the appraisal report 'rom
.ource. that he or Ihe conliders to be reliable and believes them to be true and correct The appraller does not
...ume r..pon.,blllly 'or the aeeur.cy of .uch Il.m. Ih.1 w.r. 'urnl.h.d by olh.r partie.
e, Tha appral..r will not dl.clo.. Ihe eont.nl. 0' Ih. .ppr.I.., r.porl .~c.pt .. provld.d for In Ih. Uniform
SI.nd.rd. of Prof...lon.' Appral..1 Pracllc.
8. The appraiser hal blsed his or her 8pprlll181 ropOrl and valuRtlon conclulion tor an appraisal that Is lubject to
s.Us'actory completion, repairs, or aller8tlonl on the assumption ther complelion or the improVfimentl will be
per'ormed in a workmanlike manner
10. The appr.i..r mUll provld. his or her prior written consent before the lender/client speCified in the appraisal
report o.n dlllrlbut. Ih. .ppra".1 r.porl (including conclu.lon. .bout Ih.. properly v.luo, lh. .ppral..r'. Idenllly
and prot...lonll design.lions, and referencos to any profeSSional appraIsal organizations or the firm with which the
Ipprll..r I. I..ocllled) 10 anyone other than Ihe bc.rrower, the mortgages or It !I successors and assigns, the mortgage
Inlur.r; Qonlultlntl; profeaslonal appraisal organizatiOns: any slBlo or 'ijderl:llty approved finanCial institution; or any
dlp.rtment, ag.nc~, or inslrumenlality at the UnIted Statos or any stale or lhe Otllrict 0' Columbia, e)lcopr that
Iha lender/ell.nt m.y dlllrlbu," th. properly d..crrptlon ..cllon of tho r.pOrl only 10 d.l. coll.cllon or r.porllng
..rvlee,.) wllhoul having 10 obl.,n the appr.I..r'. prror wrrll.n con.onl The .ppr.l.er'l written con..nl and
.pproval musl alia be obtaIned beloro Ihe appraisal can bo convoyod by anyone to tho publiC through .dvertis!ng.
publiC ,.'allon., n.w., ..Ia., or olher m.dla
,..dell. M.c 'orm 43g 5,93
Page 10' 2
'annl. M.. Form 1004S 5-93
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APPRAISER" CERTifiCATION t Th. App,."., corllll0. and agl..' Ihal
I. I haya "..arch.d Ih. .ubl.cl market aroa .nd hovo .ol.cled . minimum of Ihlee I.canl ,ale. of proporlle. mo"
.Imllar and plo.'mal. 10 'he .ublec' prop.'ly lor con.,d.,allon In 'ho .al.. comparl.on .naly'" .nd hay. mad. a
dollar adlu.'m.n' wh.n approprlal. 'A IOlIocl Ih. mO/k.t I..cllon to tho.. 1I0ml of "gnlllcant yO/lallon II a
.Ignlll.anl lI.m In a comparable ploporty I. .up.rlor to, or more I..oroblo than, tho .ubl.cl prop.rty, I hlye mad.
a nalallye adlu,'manllo reduca Ihe adlu.,.d .01., prlc. of tho comparablo .nd, If a .Ignlllconl 110m In a comparable
pr~perly II Inferior '0, or Ie.. I..or.blo Ih.n Iho .ubloct plOPOrty, I ha.. made a po.,II.e .dlullmenl 'A InclOa.. the
adlull.d lal.. pllce of tho comp.'lble
2, I haye lak.n Into con.ldO/.llon Ihe lactolo that ha.o an i'npacl qn .alua In my de.alopment of the ..lImale of
marke' yalue In 'he Ipprol..1 IOpOlt I ha.. nol knowingly wllhheld .ny .Ignlllcanl Inlolmallon Irom Ih. .pprol..1
rlport and' bill..., to 'he bOIl 01 my knowl.dg., thai all ,tat.m.nt. and Infolmallon In the applal.al IOpOrt .r.
true and oor"cl,
3, I .lated In 'he .ppral..1 IOport cnly my own pellonal, unbl..od, and plolelDional anely.", opinion., .nd
conclu.lonl, which a" .ublec' only to Ihe conllngenland IImlllng condlllon. .pecllled In thl, fOlm
4, I haye no pro..nt 01 pro.pecll.e Inlere.t In the properly that I, Ihe .ubject 10 thl. repolt, and I ha.. no pie.en'
or pro.pecll.. pe..onal InlerOlt or bl.. with re.pect to Ihe palllclp.nl. In the tron.aellon I did no. bile, ellher
plrtlally or complelaly my In.'y", .nd/~I tho .,"m.to 01 markot .aluo In tho applel.al roport on Iho lOCO, color,
rlllglon. .e.. handicap, famlllll lI.tu., or nallon.' ollgln of ellhol tho pr~.peoll.e ownOll or occupanl. 01 tho .ubloc'
property or 01 the pr..ent owne.. or occup.nt. of Iho propertlo.ln Iho ,'cln'ty 01 tho ,ubjoct plopolly.
5, I haye no pre.on' or conl.mpl.t.d lutulo inlO"OIt In tho ,ubloct proporty, end nollhor my curront or fUlule
.mploymenl nor my compon..tlon lor pOlfolmlng thl, .ppI.I,al I, conllngent on tho appI.I,ed ..Iue 01 tho property,
0, I w.. "0' "qulrod to roport a predotelmlned .aluo or dlroction In ..Iuo th.t la,oll the cau.o 01 the ellenl or
any rolalad p.,ty, tho .mount 01 the ..Iue elllmate, tho attalnmenl 01 a .peclllc le.ull, or Iho occullence 01 a
.ub.equant e.en' In ordar 10 ,ecel.e my compen..tlon and/or employmenl lor perlolmlng Ihe .pplal,el. I did not
b... the apprallal report on a requested mInimum valuation, a specific valuation, or the neod to approve 8 specific
mortgage loan,
7, I perlormed Ihl. approl.., In conlormlly with the Unllolm Standard, 01 Plole..lonal Appral.al Pracllce that were
adoplad and promulgaleo by Ihe AppI.'''' St.nd.,d. Soald 01 The Appral.el Foundallon and thaI wore In placo a.
01 'he ellecll.e date 01 thla apPI.".!. wllh the o.cepllon 01 tho departure pro,','on 01 Iho,e St.nd.rd" which doo.
not apply, I .cknowl.dgo 'h.t an o.lImale 01 a lo..on.ble 11m. fOl e'po,uro In tho open malket I. a condlllon In
the dellnlllon 01 malkel ..Iue .nd tho elllm.te I do.oloped I, con""ent with the markollng lime noted In Ihe
neighborhood ..cllon 01 Ihl. repo,t, unle.. I ha.o olhelwlae lIated In the leconclllallon ,ecllon
8, I ha.e pel,onally In.pectod Ihe Inlellor Ind o,tellor ele.. of the ,ub,ect properly end the e,tellor 01 all properllea
lIated .. campara biOI In the appralaal lepolt I lurthal co rilly thet I ha.e notod any app.,ont 01 known .d..r.e
condlllon. In tho .ublect Implo..ment., on tho ,ublaol .lIe, or on any ,lie wllhln the Immedlale "c'nlly of the
.ublect propelty of whloh I .m .w.,e .nd h..e m.de edlu,trnente lor Ihe.e .d.e..e oondlllon, In my analy.l. 01
tho proper'y ..Iue 10 the e.tent Ih.t I h.d m.,ket e.'dence 10 SUPPOlt Ihem. I ha.e also commanted about the
,".ct ollhe .d..rse condlllons on tho m.,ketablllty 01 Ihe subject p,operty.
8, I pe"on.lly prep.,ed ell conoluslons end opinions ebout Ihe leal estale thet wele setlorth In the applalsal lepolt.
II I relied on slgnlllcan' plole..lonel ...I".nce from any Indl.ldual or Indlvlduel. in tha pellormance of the
appral..1 or the p,ep.,atlon of Ihe appraisal report, I ha.e named such Indl.'duel(s) and disclosed the .paclllc tesks
porlormed by them In Ihe r.oonclll.tlon section 01 this eppralsel repolt. I cartlly thet eny Indl.lduel so named Is
qualified to perform the t..ks, I he.e nol authorized anyone to meke a ohange to .ny Item In the rapolt; therefore,
II an un.uthorlzed ch.ngels m.delo the eppralsal report, I will lake no rasponslblllly fOl It.
SUPERVISORY APPRAISER'S CERTIFICATION :1,. supel,'sory applal.er "gned the eppralsel report, heal she
clltlll.. and .gra.s th.' I directly .upel,'se the .ppralsel who prepared Ihe applelsal lepolt, he.e le.lewed the .ppr.,..1
report, Igrea with the IfBtements and conclusions ot the appraiser, agree to be bound by the appraiser's certifications
numbered 4thlough 7 abo.e, end am taking lull responslblllly lor the .ppralsal and the applalsal report
ADDRESS OF PROPERTY APPRAISED: 90 South Middlesex Rd.. Middlesex
APPRAISER:
8lgnalulI: ~ ~~\)VJr,."'I~
N.m.: STAN SKOWRONEK
Dat.8Ign.d: May 9, 1994
81at. Certlllcallon': .1tt.:...oO 15 7 2. L
0' Slal. L1c.n.. "
Still.: PA
(.plratlon Oat. 01 C.,tlllcallon 01 lic.n..: 6/30/95
SUPERVIS9j1.Y"APPRAI~IY If reqUi',ed)'
C ) I j_~
Slgnalule .::> ~ t.0 '.-J .'
Name STEVEN W. BARRETT. SRA. RPA
Dare Signed May 9. 1994
Slale CerllfICallOn " GA' 000298 . L
or Slale L1cen.s , RB' 026921 ,A
SIal. PA
bpI/allan Oale of CSllllleallon 01 Llesn.e 6/30/95
Old I X I Old Nollnspscl Plopelty
'flddl. M.c 'olm 43g S,g3 Page 201 2
'annla Maa Form 10048 6.93
Slmn'N lI'rfllIIIIUIII~I'111 (ll1)24J61148
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8. Admitted in pllrt I1/ld denied in plll1. It is admitted that the final installment
of the purchase price WIlS due on the duy of the settlement. The rellSon stated IlS to why payment
hIlS been withheld is denied in thllt the Defendlll1ts are without knowledge or information
sufficient to form a belief IlS to the truth of the averment I1/ld the information is solely within the
knowledge of the Plllintiffs, the Ildverse parties, llI1d therefore proof is deml1/lded at the trial of
the cause hereon.
9, Denied, The terms of the Agreement spellk for themselves.
10. Admitted in part I1/ld denied In part. It is admitted that the described
appraisal WIlS provided. It is denied that the sum indicllted reflects the true market value of the
property.
WHEREFORE, the Defendl1/lts demlll1d thlltthe within action be dismissed together
with the cost of suit.
NEW MATTER
II. Paragraph 18 provides the sole I1/ld exclusive procedure for resolving the
matter in the event that settlement does not tllke place by the dales indicated,
] 2, Defendl1/lts have embarked upon undertllking that procedure I1/ld upon its
completion will be prepared 1.0 comply with the Agreement.
13. The action at law is not appropriatll in that the relief sought must be
conditioned upon action by the Defendant in the form of the cancellation of the Agreement of
Sale which requires Equity lIS the appropriate form.
WHEREFORE, Defllndants demand that the above action be dismissed with the
costs of suit,
"
DATED: August 12, 1994
~f2~
Louis J. Adler. Esquire
Attorney for Defendants
ADLER & CLARA V AL
125 Locust Street
P. O. Box 11933
Harrisburg. P A 17108
Telephone: (717) 234-3289
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RBNNBTH C. ANTHONY AND
ROBBRT A. BBBCHBR,
Plaintifh
I IN THE COURT OF COMMON PLBAS OF
I CUMBBRLAND COUNTY, PBNNSYLVANIA
I
I No. 94-4083 CIVIL TBRM
I
I CIVIL ACTION - AT LAW
I
I JURY TRIAL DEMANDED
VB.
ROUTB 81-TURNPIRE ASSOCIATBS,
Defendants
RBPLY
11. paragraph 18 provide. the .ole .nd exclu.ive procedure for
re.olving the matter in the event that .ettlement doe. not take place by
the date. indicated.
11. Denied.
12. Defendant. have emb.rked upon undert.king that procedure and
upon it. completion will be prepared to comply with the Agreement.
12. Admitted in part and denied in part. Plaintiffs
believe, and therefore aver, that any steps Defendants may have
made toward compliance with the terms of the Agreement of Sale
of Real Estate are unreasonably dilatory, superficial relative
to the provisions of the agreement, or both.
13. The action at law i. not appropriate in that the relief .ought
mu.t be conditioned upon action by the Defendant in the form of tha
c.ncallation of the Agreement of sala which require. Equity a. the
appropriate form.
13. The averments contained in Paragraph 13 of the
Defendant's New Matter comprise an issue of law to which no
response is required. Should an answer be required, however,
Buch assertion iy expreBsly denied; and, by way of further
answer, Plaintiffs have an adequate remedy at law in that
Plaintiffs seek enforcement of the contract through money
damageB through what waB once termed an action in assumpsit.
KBNNETH C. ANTHONY AND
ROBBRT A. BBECHER,
Plaintifh
& IN THE COURT OF COMMON PLBAS or
I CUMBERLAND COUNTY, PBNNSYLVANIA
&
& No. 94-4083 CIVIL TBRM
&
& CIVIL ACTION - AT LAW
&
& JURY TRIAL DBMANDED
v..
! ROUTE 8l-TURNPIKB ASSOCIATBS,
I i Defendants
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VBRIPICATION
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i I I, Kenneth C. Anthony, etate that I am the Plaintiff in the
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'! above-captioned case and that thlil facte eet forth in the above
II
Reply are true and correct to the beet of my knowledge,
:information, and belief. I realize that falee statements herein
,
,are eubject to the penalties for unsworn falsification to
[authorities under 18 Pa. C.S. S 4940.
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',URICK f. LAUR. JR
AlIorney II' I.....
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MI., Bulldln'"
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KBNNBTH C. ANTHONY and
'I ROBBRT A. BeBCHeR,
I Plaintiffs
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VB.
I IN THB COURT OF COMMON PLBAS or
I CUMBBRLAND COUNTY, PBNNSYLVANIA
I
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No. 'I' I : 1(' . ~;' ')
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CIVIL ACTION - AT LAW
'i ROUTB 81-TURNPIKe ASSOCIATes,
, , Defendants
JURY TRIAL DBMANDeD
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AND NOW, this JJ~
be i~sued against Defendant Route
1994, let there
Associates a Rule
I
.1 to Show Cause why they have not obtained an Appraisal for the
subject property at 90 South MiddleBex Road within a reaBonable
i: period.
! . S~c:...e
I Rule returnable within twenty (20) daYB of i. _.
I
BY THB COURT}'/
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, KBNNETH C. ANTHONY and
ROBBRT A. BEECHER,
Plaintiffs
vs.
I IN THE COURT OF COMMON PLEAS OF
I CUMBERLAND COUNTY, PENNSYLVANIA
I
I No.
I
I CIVIL ACTION - AT LAW
I
I JURY TRIAL DEMANDED
ROUTE 8l-TURNPI~E ASSOCIATES,
Defendants
PBTITION FOR RULE TO SHOW CAUSB
Plaintiffs respectfully aver the following in support of
their Petition for the issuance of a Rule to Show Cause as to why
, Defendants failed to respond to the Plaintiffs Complaint within
twenty days I
1. The above-captioned parties are in dispute over th"
value of a parcel of real property which was to have been sold
from Defendant to Plaintiff by the final closing date of November
29, 1991. (See the Complaint, para. 5-7.)
2. The Agreement of Sale of Real Estate between the parties
provides that each party will obtain an Appraisal of the fair
market value of the subject property.
(See the Complaint,
Bxhibit I, para. 18. A reproduction of Paragraph 18 has been
attached hereto as Exhibit "A" for convenience.)
3. The Agreement does not set a time deadline by which time
each party is to have obtained such an Appraisal. (Id.)
4. The Agreement does, however, provide for a fifteen day
deadline in which to calculate the average of the appraisals, and
a thirty day deadline for the Defendants to pay Plaintiffs the
fair market valul!I of the property. A reasonable time limit can
be ascertained from these figures. (Id.)
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5.
The Defendants suggested leeking Apprahals of the
subject property as early a8 April 26, 1994. (See Exhibit "B"
attached hereto and incorporated by referenae.)
6. The Plaintiffs obtained an Appraisal of the property on
I May 9, 1994. (See the Complaint, Exhibit I!.)
7. Despite numerous reque8t8, Defendant8, a8 of the time of
I the filing of thi8 Petition, 8ti1l has not obtained an appraisal
'I
of the subject property, 80me 115 daY8 after the initiation of
I the procedure set forth in the Agreement of Sale.
'WHEREFORE, Plaintiff8 re8pectfully request that thi8 Court
!I
'! iSlue a Rule to Show Cause a8 to why they have not obtained an
Appraisal for the 8ubject property at 90 South Middlesex Road.
i!
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Re8pectfully 8ubmitted,
I)
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. --.
\
Patrick F. Lauer, Jr., Esquire
2108 Market Street, Aztec Building
Camp Hill, Pennsylvania 17011
1011 46430 Tel. (717) 763-1800
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Date.
8' IN Jqt.f
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MRBlNEN'!' OF BaToR OF REAL BSTATB
Paragraph 18 reads as followsc
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18. Default b~ S~l~er. ~~~~~lt bv ~eli:~ ~~~
Pailure to Obtain ort a e Re1 and/o di ~
ADDrovalc It is understood by the parties to this Agreement
that from the date of taking possession of said premises in
accordance with the terms and conditions of this Agreement,
the Purchaser intends to make extensive repairs, renovations
and improvements to the existing structur& on said property.
It is further understood by the parties hereto that all of
said repairs, renovations and improvements will greatly
enhance the value of said property over and above the
purchase price provided for herein, all of which repaire,
renovations and improvements shall be at the sole cost and
expense of the Purchaser.
Therefore, should the Seller be in default under the
terms and provisions of this Agreement as a result of the
Seller's failure or inability to obtain a Releaee of the
property subject to this Agreement from any and all
Mortgages encumbering said property on or before November
15, 1991, and/or should the Seller fail to obtain final
subdivision approval for the Final Subdivision Plan for
Washington Commons, Lots 1 through 5, dated April 12, 1990,
and record said Plan on or before November 15, 1991, then
and in either of said events, the Seller shall pay to
Purcha~er for the return of said property the fair market
value for said property as determined as hereinafter eet
forth.
The fair market value of the propertr for purpoees of
this paragraph ehall be determined by tak ng an average of
the written appraisals of three 93) [sic] licensed real
estate appraisers. One such real estate appraiser shall be
selected by Seller who shall bear the coet of said
appraisal, one such real estate apppraiser shall be selected
by Purchaser who shall bear ~he cost of said appraisal, and
one such real estate appraiser shall be selected by the
other two real estate appraiser. selected, the cost of which
shall be shared equally by the Seller and Purchaser. All
three real estate appraisals and the average thereof shll be
delivered to both the Purchaser and the Seller within
Fifteen 915) [sic] days of the completion of all three
appraisals and thereafter the Purchaser [sic] ehall pay to
the Seller [sic] the fair market value as determined by the
average of the three real estate appraisals within thirty
(30) days from the date of receipt of said average
appraisal, at which time the Quitclaim Deed provided in
Paragraph 6 (b) to be held in escrow by Louis J. Adler,
Esquire, shall be delivered to Sellor.
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