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<br />IFile No 20042251 PaQe #161
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<br />APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that
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<br />1. I have researched the subject market area and have selected a minimum of three recent sales of properties most similar and proximate to the subject property
<br />for consideration in the sales comparison analysis and have made a dollar adjustment when appropriate to reflect the market reaction to those items of significant
<br />variation. If a significant item in a comparable property is superior to, or more favorable than, the subject property, I have made a negative adjustment to reduce
<br />the adjusted sales price of the comparable and, if a significant item in a comparable property is interior to, or less favorable than the subject property, I have made
<br />a positive adjustment to increase the adjusted sales price of the comparable.
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<br />2. I have taken Into consideration the factors that have an impact on value in my development of the estimate of market value in the appraisal report. I have not
<br />knowingly withheld any significant information from the appraisal report and I believe, to the best of my knowledge, that all statements and information in the
<br />appraisal report are true and correct.
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<br />3. I stated in the appraisal report only my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the contingent
<br />and limiting conditions specified in this form.
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<br />4. I have no present or prospective interest in the property that is the SUbject to this report, and I have no present or prospective personal interest or bias with
<br />respect to the participants in the transaction, I did not base, either partially or compietely, my analysis anlVor the estimate of market value in the appraisal report
<br />on the race, color, religion, sex, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the present
<br />owners or occupants of the properties in the vicinity of the subject property.
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<br />5. I have no present or contemplated future interest in the subject property, and neither my current or future employment nor my compensation for pertorming this
<br />appraisal is contingent on the appraised value of the property.
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<br />6. I was not required to report a predetermined value or direction in value fhat favors the cause of the client or any reiated party, the amount of the value estimate,
<br />the attainment of a specitic resuif, or the occurrence of a subsequent event in order to receive my compensation and/or employment for pertorming the appraisal. I
<br />did not base the appraisal report on a requested minimum valuation, a specific valuation, or the need to approve a specific mortgage loan.
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<br />7. I performed this appraisal in conformity with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal
<br />Standards Board of The Appraisal Foundation and that were in place as of the effective date of this appraisal, with the exception of the departure provision of those
<br />Standards, which does not apply. I acknowledge that an estimate of a reasonable time for exposure in the open market is a condition in the definition of market value
<br />and the estimate I developed is consistent with the marketing time noted in the neighborhood section of this report, unless I have otherwise stated in the
<br />reconciliation section.
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<br />8. I have personally inspected the interior and exterior areas of the subject property and the exterior of all properties listed as comparables in the appraisal report.
<br />I further certify that I have noted any apparent or known adverse conditions in the subject improvements, on the subject site, or on any site within the immediate
<br />viCinity of the subject property of which I am aware and have made adjustments for these adverse conditions in my analysis of the property value to the extent that
<br />I had market evidence to support them. I have also commented about the effect of the adverse conditions on the marketability of the subject property,
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<br />9. I personally prepared all conclusions and opinions about the real estate that were set forth in the appraisal report. If i relied on Significant professional
<br />assistance from any individual or individuals in the performance of the appraisal or the preparation of the appraisal report, I have named such individual (s) and
<br />disclosed the specific tasks performed by them in the reconciliation section of this appraisal report. I certify that any individual so named is qualified to perform
<br />the tasks. I have not authorized anyone to make a change to any item in the report; therefore, if an unauthorized change is made to the appraisal report, I will take
<br />no responsibility for it.
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<br />SUPERVISORY APPRAISER'S CERTIFICATION: If a supervisory appraiser signed the appraisal report, he or she certifies and agrees that
<br />I directiy supervise the appraiser who prepared the appraisal report, have reviewed the appraisal report, agree with the statements and conclusions of the appraiser,
<br />agree to be bound by the appraiser's certifications numbered 4 through 7 above, and am taking full responsibility for the appraisal and the appraisal report.
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<br />ADDRESS OF PROPERTY APPRAISED:
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<br />298 Maple Dr, Mepleton, ND 58059-4018
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<br />APPRAISER:
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<br />SUPERVISORY APPRAISER (only if required):
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<br />~~~~;ure~~~~F;tzt--
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<br />Date Signed: June 11, 2004
<br />State Certification #; CG-1148
<br />or State License #;
<br />State: ND
<br />Expiration Date of Certification or License; 1/1/2005
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<br />Signature;
<br />Name;
<br />Date Signed;
<br />State Certification #;
<br />or State License #;
<br />State;
<br />Expiration Date of Certification or License:
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<br />o Did
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<br />o Did Not Inspect Property
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<br />Freddie Mac Form 439 6-93
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<br />Page 2 of 2
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<br />Fannie Mae Form 1004B 6-93
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<br />Form ACR - "TOTAL for Windows" appraisai software by a la mode, inc. -1-800-ALAMODE
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