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(APPRAISAL REPORT)
<br />48-48-6-0535831
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<br />21146
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<br />APPRAISER'S CERTIFICATION:The Appraiser certifies and agrees that:
<br />1.I have, at a minimum, developed and reported this appraisal in accordance with the scope of work requirements stated in this
<br />appraisal report.
<br />2.I performed a complete visual inspection of the interior and exterior areas of the subject property. I reported the condition of
<br />the improvements in factual, specific terms. I identified and reported the physical deficiencies that could affect the livability,
<br />soundness, or structural integrity of the property.
<br />3.I performed this appraisal in accordance with the requirements of the Uniform Standards of Professional Appraisal Practice
<br />that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the
<br />time this appraisal report was prepared.
<br />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
<br />approach to value. I have adequate comparable market data to develop a reliable sales comparison approach for this appraisal
<br />assignment. I further certify that I considered the cost and income approaches to value but did not develop them, unless otherwise
<br />indicated in this report.
<br />5.I researched, verified, analyzed, and reported on any current agreement for sale for the subject property, any offering for sale
<br />of the subject property in the twelve months prior to the effective date of this appraisal, and the prior sales of the subject property
<br />for a minimum of three years prior to the effective date of this appraisal, unless otherwise indicated in this report.
<br />6.I researched, verified, analyzed, and reported on the prior sales of the comparable sales for a minimum of one year prior to the
<br />date of sale of the comparable sale, unless otherwise indicated in this report.
<br />7.I selected and used comparable sales that are locationally, physically, and functionally the most similar to the subject property.
<br />8.I have not used comparable sales that were the result of combining a land sale with the contract purchase price of a home
<br />that has been built or will be built on the land.
<br />9.I have reported adjustments to the comparable sales that reflect the market's reaction to the differences between the subject
<br />property and the comparable sales.
<br />10.I verified, from a disinterested source, all information in this report that was provided by parties who have a financial interest in
<br />the sale or financing of the subject property.
<br />11.I have knowledge and experience in appraising this type of property in this market area.
<br />12.I am aware of, and have access to, the necessary and appropriate public and private data sources, such as multiple listing
<br />services, tax assessment records, public land records and other such data sources for the area in which the property is located.
<br />13.I obtained the information, estimates, and opinions furnished by other parties and expressed in this appraisal report from
<br />reliable sources that I believe to be true and correct.
<br />14.I have taken into consideration the factors that have an impact on value with respect to the subject neighborhood, subject
<br />property, and the proximity of the subject property to adverse influences in the development of my opinion of market value. I have
<br />noted in this appraisal report any adverse conditions (such as, but not limited to, needed repairs, deterioration, the presence of
<br />hazardous wastes, toxic substances, adverse environmental conditions, etc.) observed during the inspection of the subject property
<br />or that I became aware of during the research involved in performing this appraisal. I have considered these adverse conditions in
<br />my analysis of the property value, and have reported on the effect of the conditions on the value and marketability of the subject
<br />property.
<br />15.I have not knowingly withheld any significant information from this appraisal report and, to the best of my knowledge, all
<br />statements and information in this appraisal report are true and correct.
<br />16.I stated in this appraisal report my own personal, unbiased, and professional analysis, opinions, and conclusions, which are
<br />subject only to the assumptions and limiting conditions in this appraisal report.
<br />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
<br />personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my
<br />analysis and/or opinion of market value in this appraisal report on the race, color, religion, sex, age, marital status, handicap,
<br />familial status, or national origin of either the prospective owners or occupants of the subject property or of the present owners or
<br />occupants of the properties in the vicinity of the subject property or on any other basis prohibited by law.
<br />18.My employment and/or compensation for performing this appraisal or any future or anticipated appraisals was not conditioned
<br />on any agreement or understanding, written or otherwise, that I would report (or present analysis supporting) a predetermined
<br />specific value, a predetermined minimum value, a range or direction in value, a value that favors the cause of any party, or the
<br />attainment of a specific result or occurrence of a specific subsequent event (such as approval of a pending mortgage loan
<br />application).
<br />19.I personally prepared all conclusions and opinions about the real estate that were set forth in this appraisal report. If I relied on
<br />significant real property appraisal assistance from any individual or individuals in the performance of this appraisal or the
<br />preparation of this appraisal report, I have named such individual(s) and disclosed the specific tasks performed in this appraisal
<br />report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to
<br />any item in this appraisal report; therefore, any change made to this appraisal is unauthorized and I will take no responsibility for it.
<br />20.I identified the lender/client in this appraisal report who is the individual, organization, or agent for the organization that ordered
<br />and will receive this appraisal report.
<br />21.The lender/client may disclose or distribute this appraisal report to: the borrower; another lender at the request of the borrower;
<br />the mortgagee or its successors and assigns; mortgage insurers; government sponsored enterprises; other secondary market
<br />participants; data collection or reporting services; professional appraisal organizations; any department, agency, or instrumentality
<br />of the United States; and any state, the District of Columbia, or other jurisdictions; without having to obtain the appraiser’s or
<br />supervisory appraiser’s (if applicable) consent. Such consent must be obtained before this appraisal report may be disclosed or
<br />distributed to any other party (including, but not limited to, the public through advertising, public relations, news, sales, or other
<br />media).
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