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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 Neighborhood Market Conditions A BROAD VARIETY OF MORTGAGE FINANCING IS AVAILABLE AT RATES PURCHASERS CONSIDER ATTRACTIVE. SELLER FINANCING IS VIRTUALLY NON EXISTENCE, ALTHOUGH SELLER CONCESSIONS ARE NOT UNCOMMON. MLS RECORDS INDICATE AN AVERAGE MARKET TIME OF ABOUT 75 DAYS, WHICH IS CONSIDERED A REASONABLE EXPOSURE TIME FOR THE SUBJECT. MOST NEIGHBORHOOD HOMES SELL WITHIN 100.0% OF LIST PRICE, PROVIDED THERE DESIGN, APPEAL AND CONDITION ARE CONSISTENT WITH MARKET EXPECTATIONS. THERE IS CURRENTLY A SUPPLY AND DEMAND SHORTAGE FOR KEIZER AND SALEM AS ACCROSS THE UNITED STATES AT PRESENT AND MAY BE FOR ALL OF 2021. WHILE IT WILL REMAIN TIGHT THROUGH 2021 THERE ARE HOUSES TO BE FOUND. HOME BUYERS WILL JUST HAVE TO DO MORE RESEARCH AND FRIVING THAN THEY MIGHT HAVE DONE IN THE PAST WHEN THERE WERE MORE HOUSES FOR SALE. Site Comments THIS IS BASICALLY A FLAT, SLIGHTLY ABOVE ROAD GRADE SITE THAT IS VERY TYPICAL OF THE NEIGHBORHOOD IN TERMS OF SIZE TOPOGRAPHY, VIEW AND GENERAL APPEAL. IT PROVIDES A SUITABLE SETTING FOR THE IMPROVEMENTS AND IS CONSISTENT WITH MARKET EXPECTATIONS IN THIS PRICE RANGE. LANDSCAPING CONSISTS OF SOME FOUNDATION PLANTINGS, SHRUBBERY AND A FEW TREES. WHILE NO READILY APPARENT ADVERSE SITE CONDITIONS OR EXTERNAL FACTORS WERE NOTED, MANY SITE-RELATED ISSUES ARE BEYOND THE SCOPE OF THIS ASSIGNMENT. STATEMENTS REGARDING ZONING COMPLIANCE ARE INTENDED ONLY IN THE MOST BASIC SENSE. ZONING AND BUILDING ORDINANCES VARY SIGNIFICANTLY FROM ONE MUNICIPALITY TO ANOTHER AND CAN BE EXTREMELY DETAILED. THE SCOPE OF THIS ASSIGNMENT DOES NOT INCLUDE A COMPARISON OF EVERY POTENTIALLY SIGNIFICANT CHARACTERISTIC OF THE SUBJECT PROPERTY'S SITE AND IMPROVEMENTS RELATIVE TO ZONING AND BUILDING ORDINANCES. UNLESS OTHERWISE NOTED, STANDARD UTILITY AND RIGHT-OF-WAY EASEMENTS ARE INSIGNIFICANT TO VALUE. HOWEVER, A CURRENT LOCATIONAL OR BOUNDARY SURVEY, WHICH WAS UNAVAILABLE TO THE APPRAISER, MAY REVEAL ENCROACHMENTS, EASEMENTS, ZONING VIOLATIONS OR OTHER MATTERS OF INTEREST THAT COULD WARRANT MODIFICATION OF THE APPRAISED VALUE. Physical Deficiencies or Adverse Conditions WHILE NO PHYSICAL DEFICIENCIES OR ADVERSE CONDITIONS THAT AFFECT LIVABILITY, SOUNDNESS OR STRUCTURAL INTEGRITY WERE NOTED, SUCH ITEMS ARE GENERALLY BEYOND THE EXPERTISE OF THE APPRAISER. ISSUES OF SOUNDNESS AND STRUCTURAL INTEGRITY ARE OFTEN RELATED TO AREAS THAT ARE HIDDEN FROM THE APPRAISER'S VIEW. SEE LIMITING CONDITION #4 AND COMMENTS ON PAGE THREE RELATED TO APPRAISER'S DEFINITION OF "COMPLETE VISUAL INSPECTION." Comments on Sales Comparison While there are several sales located within the subject's neighborhood, it was necessary to expand the search for comparable properties, to include sales located outside of the subject's immediate neighborhood, attempting to uncover truly comparable sales, which are in similar condition to the degree of the subject property. Comparable sale 1 was used because they are similar in total bedroom and bath count, style, condition, has a GP shop and close to the subject's actual age and GLA. Comparable sale 2 was selected because it is similar in bathcount, condition, has a GP shop. Comparable #3 was included in the analysis due to its similarities to the subject in total bedroom, bath count, condition, has a GP shop and close to the subject's actual age and basement square footage. Weighted Value was utilized in arriving at subject's estimated market value. All line item differences between subject closed sales have been considered and if no adjustment was made it was not warranted from the sales (listings) noted in this report. See attached addendum for additional comments. MLS photo was used for Sale 3. ADDITIONAL COMMENTS Clarification of Intended Use and Intended User: The Intended User of this appraisal report is the Lender/Client. The Intended Use is to evaluate the property that is the subject of this appraisal for a mortgage finance transaction, subject to the stated Scope of Work, purpose of the appraisal, reporting requirements of this appraisal report form, and Definition of Market Value. No additional Intended Users are identified by the appraiser. Clarification of the term "complete visual inspection": Certification #2 on page 5 of this report states that the appraiser has performed a "complete visual inspection" of the property. It should be understood that the "complete visual inspection" was performed within the context of the intended use and intended user identified on page 4 and clarified above. That is, the appraiser's inspection of the property is for valuation purposes only and is strictly for the purpose of assisting the lender/client (and only the lender/client) in evaluating the property for a mortgage finance transaction. The appraiser's inspection of the property was limited to what was readily observable without moving furniture, floor coverings or personal property. Unless otherwise stated, the appraiser did not view attics, crawl spaces or any other area that would involve the use of ladders or special equipment. The appraiser's viewing of the property was limited to surface areas only and can often be compromised by landscaping, placement of personal property or even weather conditions. Most importantly, the appraiser's inspection of the property is far different from and much less intensive than the type of inspections performed to discover property defects. The appraiser is not a home inspector, building contractor, pest control specialist or structural engineer. An appraisal is not a substitute for a home inspection or an inspection by a qualified expert in determining issues such as, but not limited to, foundation settlement or stability, moisture problems, wood destroying (or other) insects, rodents or pests, radon gas or lead-based paint. The client is invited and encouraged to employ the services of appropriate experts to address any area of concern. Addendum Page 9 of 10