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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 Marshall & Swift Residential Cost Handbook for Fire Place : $ 20.20 X Regional and Local Multipliers of 1.09 and 1.05 = $2,311 - 23% = $1,780 X 30%= $500 indicated value. Utilizing sales any further back than within the past 12 months would result in sales that would not be applicable to the market conditions within the last 6 months and would be considered misleading in trying to adjust to current market conditions and would grossly exceed typical line, gross and net adjustments in order to conform to current market conditions. The Indicated Value by Sales Comparison Approach, $836,000, is calculated using the following weights: 36.3% - 8622 Bunker Ln S; Sale Price $875,000; Adjusted Value $873,400; Gross Adj: 12.5% 36.5% - 550 53rd Av NW; Sale Price $760,000; Adjusted Value $816,400; Gross Adj: 12.3% 27.1% - 4055 Timber Trail NE; Sale Price $710,000; Adjusted Value $816,400; Gross Adj: 20.9% Analytics: The analytics provided in this report is only based on a narrow sampling of properties that were considered competitive sales to the subject property and are not supportive of the overall market reaction in subject's market area. The weight is calculated using the ratio of a Comparable's gross adjustment percentage to the overall gross percentage. Comparables that have a lower gross percentage are assigned a higher weight. Comparables that have a higher gross percentage are assigned a lower weight. The weights are then applied to each Comparable's adjusted value, the sum of which provides the overall weight. RECONSIDERATION OF VALUE/REVIEW: The requirements are very specific that a reconsideration of value/review can be requested to review appropriate comparable sales. Any pressure to use or review inappropriate sales that are chosen simply for their sale price in a "Reconsideration of Value" request and are not found to be superior comparable sales will be considered a violation Appraiser Independence protected in the Dodd-Frank Act by unlawfully influencing an appraiser and encouraging a targeted value. This violation will be immediately reported to the Consumer Financial Protection Bureau, the ASC, all applicable State and Federal authorities and any related Government Sponsored Enterprises. DISCLOSURE OF SERVICES INCLUDED IN THE CURRENT ASSIGNMENT AND POTENTIAL ADDITIONAL FEE AFTER REPORT SUBMISSION: The fee for this order contemplates only the enclosed report and client requirements in the initial appraisal request. Any subsequent consultation and/or revisions, not stated in the original order, are not included in that fee. Any additional information, sales, consultations regarding this Appraisal and Report will be billed based on scope of work, which shall be determined by the appraiser of this report. Requests for additional information, including but not limited to additional comparables, the Cost or Income Approaches to value when not applicable, reliable, or necessary to form a credible opinion of value etc., or when not included in the Client's original assignment order, may result in additional fees commensurate with the amount of additional work required to satisfy the request for additional data FNMA 1004MC guideline for reporting active listings: This guidance states that the Total # of Active Listings indicated under the Current – 3 months column should always indicate the number as of the effective date of the report and not a cumulative amount or any other number. If the data is available for the prior month columns, these should be shown as the number of listings as of the last day of that period of time. The FNMA Announcement states the following: “In Form 1004MC, in order to provide the most accurate depiction of the “Months of Housing Supply” as of the effective date of the appraisal, the “Total # of Comparable Active Listings” should be based on a specific point in time. For example, when completing the “Current – 3 Addendum Page 6 of 10