3. Tax Equalization Board reconvenes

IFile No 20042251 Paoe #181 ~ CURRENT SALES CONTRACT 0 The subject property is currentlv not under contract. 0 The contract and/or escrow instructions were not available for review. The unavailability of the contract is explained later in the addenda section. ~ The contract and/or escrow instructions were reviewed. The following summarizes the contract I CDntract Date Amendment Date CDntract Price Seller l 15/15/2004 123000 Dean & Linda Wiedmann 1 ~ The contract indicated that personal property was not included in the saie. o The contract indicated that personal property~. h consisted of ~ Estimated contributory value is $ Personal property was not included in the final value estimate. 0 Personal property ~ in the final value estimate. ~ The contract indicated no financing concessions or other incentives. 0 The contract indicated the following concessions or incentives: 0 If concessions or incentives exist, the comparables were checked for similar concessions and appropriate adjustments were made, it applicable, so that the final value conclusion is in compliance whh the Market Vaiue defined herein. ~ MARKET OVERVIEW Include an explanation 01 current market condhions and trends, 3 to 6 months is considered a reasonable marketing period for the subject property based on Local MLS data shows averaQe davs on the market at 91 for 3 unit and more properties located in North 011-94 in Cass Countv over the past 6 months. ~ ADDITIONAL CERTIFICATION The Appraiser certifies and agrees that: (1) The analyses, opinions and conclusions were developed, and this report was prepared, in conformhy whh the Uniform Standards of Professional Appraisal Practice ("USPAP"), except that the Departure Provision of the USPAP does not apply. (2) Their compensation is not contingent upon the reporting of predetermined value or direction in value that favors the cause of the client, the amount of the value estimate, the attainment of a stipuiated resuh, or the occurrence of a subsequent event. (3) This appraisal assignment was not based on a requested minimum valuation, a specllic valuation, or the approval of a loan. ~ ADDITIONAL (ENVIRONMENTAL) LIMITING CONDITIONS The value estimated is based on the assumption that the property is not negatively affected by the existence of hazardous substances or detrimental environmentai condhions unless otherwise stated in this report. The appraiser is not an expert in the identification of hazardous substances or detrimental environmental condhions. The appraiser's routine inspection 01 and inquiries about the subject property did not develop any information that indicated any apparent significant hazardous substances or detrimental environmental condhions which would affect the property negatively unless otherwise stated in this report. It is possible that tests and inspections made by a qualified hazardous substance and environmental expert would reveai the existence of hazardous substances or detrimental environmental condhions on or around the property that would negatively affect hs value. C8J ADDITIONAL COMMENTS This is a comelete aeeraisal summarv renort for the nurnose of financinn nurchase of sub'ect nronertv. This annraisal is intended for mortoaee linancine onlv bv the listed client in this reoort and anv other use of this annralsal must have nrior written consent bv this aeoraiser. C8J APPRAISER'S SIGNATURE & LICENSE/CERTIFICATION Appraiser's Signatt~ ;:..c:t:.7f- Effective Date June 4, 2004 Date Prepared June 11 , 2004 Appraiser's Name pri ~sl!nJ( Wastweet Phone # V01 ) 433-7247 State NO o License ~ Certllication # CG-1148 Tax ID # 45-0430034 0 CD-SIGNING APPRAISER'S CERTIFICATION 0 The co-signing appraiser has personally inspected the subject property, both inside and out, and has made an exterior inspection of all comparable sales listed in the report. The report was prepared by the appraiser under direct supervision of the co-signing appraiser. The co-signing appraiser accepts responsibility for the contents of the report including the vaiue conclusions and the limhing condhions, and confirms that the certifications apply fully to the co-signing appraiser. 0 The co-signing appraiser has not personally inspected the interior of the subject property and: 0 has not inspected the exterior of the subject property and all comparable sales listed in the report. 0 has inspected the exterior of the subject property and all comparable sales listed in the report. 0 The report was prepared by the appraiser under direct supervision of the co-signing appraiser. The co-signing appraiser accepts responsibilhy tor the contents ot the report, including the value conclusions and the limhing condhions, and contirms that the certllications apply fully to the co-signing appraiser whh the exception of the certification regarding physical inspections. The above describes the level of inspection pertormed by the CO-Signing appraiser. 0 The co-signing appraiser's level of inspection, involvement In the appraisal process and certitication are covered elsewhere in the addenda section of this appraisal. 0 CD-SIGNING APPRAISER'S SIGNATURE & LICENSE/CERTIFICATION Go-Signing Effective Date Date Prepared Appraiser's Signature Go-Signing Appraiser's Name (print) Phone # ( ) State o License o Certllication # Tax ID # Page 2 of 2 Form MPA2 - "TOTAl. for Windows" appraisal software by a la mode, inc. -1-800-ALAMODE