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ADDENDUM Borrower:Paul E ZenchenkoFile No.:21146 Property Address:3062 Seminole RdCase No.:48-48-6-0535831 City:SilvertonState:ORZip:97381 Lender:Alliance Capital Partners Corp/VA on that level measured at floor level to the exterior finished surface of the outside walls. Openings to the Floor Below Openings to the floor below cannot be included in the square footage calculation. However, the area of both stair treads and landings proceeding to the floor below is included in the finished area of the floor from which the stairs descend, not to exceed the area of the opening in the floor. Above- and Below-Grade Finished Areas The above-grade finished square footage of a house is the sum of finished areas on levels that are entirely above grade. The below-grade finished square footage of a house is the sum of finished areas on levels that are wholly or partly below grade. Fannie Mae guidelines: When an appraiser selects a rating and/or description of the subject property for a sales transaction, the selected rating and/or description must remain the same when reflecting that specific transaction. For example, if a C4 rating is selected for the sale of the subject property, then that property remains a C4 when using that specific sale as a comparable in future reports. The same expectation holds true for ratings and descriptions of comparable sales. When a comparable is used in a subsequent appraisal, the ratings and descriptions of that property should not change from one appraisal to the next when it reflects the same sale transaction. Note: Properties can have the same rating or description and still require an adjustment. It should be noted that this does not only apply to Condition and Quality ratings and can apply to other ratings or descriptions as well. For example, all water views may not be equal. In this instance, an adjustment should be made and explained in the Additional Comments section of the form or in an addendum. I have performed no services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment. If an adjustment is warranted and can be supported for minor difference in location, actual age, quality or condition within the same rating for quality or condition it will be applied. If no adjustment can be supported an adjustment will not be applied. Neighborhood Characteristics: The Dictionary of Real Estate Appraisal – 6th Edition, published by the Appraisal Institute. Urban – describes a built-up neighborhood with a concentration of population typically found within city limits or a neighborhood commonly identified with a city (the change here is using ‘built-up’ in place of ‘mature’ when describing the neighborhood) Suburban - describes a neighborhood that contains complementary properties with less concentrated population than is typically found in an urban neighborhood Rural – pertaining to the country as opposed to urban or suburban Checkbook entries on form page 1 of the URAR reflect the characteristics/population density (i.e., Built-Up) observed IN THE SUBJECT’S NEIGHBORHOOD, not relative to anywhere else in the world. ‘One Mile Rule’ is not valid any longer. Fannie Mae Selling Guide for Total Room Count. In general, a room is a kitchen, a bedroom, a living room, a dining room, a family room, an Addendum Page 2 of 10