Agenda - 06-07-2011 - 5p - Laserfiche WebLink

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~o APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that 1. I have researcfed the subject market area and have sele~d a minmum of three recent sales of properties most similar and prom to the subject property for wnslderation in the sales comparison analyse and have nrede a dollar ad)usimert when appropriate to reflect the market reaction to those hems of sigreficard vadatlon. f a sigrrireard ilern in a comparable Ixoperty is supedor to, a rrrore favorable than, the subject property, I have made a neg~ve ~justrnerd to reduce the adppted sales pdce bl the comparable acrd, i a signRcard ilem n a comparable property is irterlor to, or less favorable than the subject property, I have made a positive adjustmert to increase the adjusted sales price of the wmparable. 2. I have taken inro consideration the factors that have an impact on value kr my developmerd of the estimate of market value in The appraisal report I have not krrowingly withheld any signficant krformation from the appraisal report and I believe, To the best of my krwwledge, thffi all stalemerds and information in the appraisal report are true and coned 3. I stated in the appraisal report only my own personal, unbiased, and professional anatysls, opinions, and conclusions, which are subject onty to the contingent and Ikniting condiions spedrfuM in this form. 4. I have ne presert or prospective interest In The properly chat is the subject to this report, and I have no preserd or prospective personal irderest or bias with respect to the participards in the transaction. I did not base, either partially or completely, my analysis and/or the esimate of markr.4 value In the appraisal report on the race, cola, reFigion, sex, handicap, famiial status, or national origin of either the prospective owners or occuparts of the subject property or of the present owners or occupams of the properties in the vicinity of the subject property. 5. 1 have na present or caderrrplated future irterest N the subject property, and neiirer my canard or future empbymert nor my compensation for perfanning this appraisal is condngerd on the appraised value of the property. 6. I was not required to report a predetwmined value or dkecion in value That favors the cause of the Giert or any related party, the amourt of the value estimate. the aialnrrrert of a specific result, or the ocWrrence of a subsegrrert event in order to receive my compensation andtor employmerd for pertormhig the appraisal. I did not base the appraisal report an a requested minimum valualbn, a specific vaWation, or the need to approve a specfc mortgage ban. 7. 1 performed this appraisal in confomrity with the Un'rfonn Standards of Professional Appraisal Practice that wen; adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were th place as of the eiectlve date of iris appraisal, with the exception of the deparhrre provision of those Standards, which not apply. I acknowledge that an estimate al a reasonable time fa exposure in the open market le a condition n the defmifion of market slue and the estknate I developed le consistent x4it the madreting time noted in the nerghbofiood section of this report, unless I have otherwise stated in the reconaliation secion. 8. 1 have personaiy inspected the irdedor and exterior areas of the subject property and the exterior of all properties Fisted as conrparables in the appraisal report I further certify that I have noted any apparerd or Imown adverse condiiorrs in the subject improvements, on the subject sde, or on arty site within the immediate viciruly of the sub~ct property of which I am aware and have made adjustinents far these adverse conditions in my aralysis of the property value to the extent that I had market evidence to support them. I have also commerded about the effect of the adver~ condilens on the marketabiity of the subject property. 9. I personalty prepared ~ conclusions and opinions about the reef estate that were set torch in the appraisal report i I relled on signiticard proFessiorral asalstance hom any individual or irrdviduals in the perfomrarxe of the appraisal or the preparation Af the appraisal report, I have named such indiridual(s) and disclosed the specific tasks pertorm~ by them in the recondliatien section of this appraisal report. I cerify that any individual so named is qualifred to perform the Tasks. I Crave not authored anyone to make a change to arty item in the report therefore, 'rf an unauthorized change is made m the appraisal report, I wit take no responsibllhy for i. SUPERVISORY APPRAISER'S CERTIFICATION: i a supervisory appraiser signed the appraisal report, he or she certifies acct agrees that I directly supervise the appraiser who prepared the appraisal report, have reviewed the appraisal report, agree with the stalemems and conclusions of the apps"ssr, agree to lie bound by the appraiser's certiicatlons numbered 4 through 7 above, and am taking toll msponsr~rTity for the appraisal and the apprasal report. ADDRESS OF PROPERTY APPRAISED: Srook#rotlovr f2oad (1.369 ac+1-?. I~tarrd 1dC 27243 APPRAISER: Signatu~ `~' Name: Stott W. Dorsett Date Signed: Apra 25 2011 State Certification ~: A702 or State Ixense #: State: NC Expiration Date of Certification or L3cerrse: June 30, 2011 SUPERVISORY APPRAISER (only if required): Signature: Name: Date Signed: State Certification #: or State License ~: State: l~iration Date of Certiication or License: ;=i Did i_; Did Nat Inspect Property Freddie Mac Form 439 693 Page 2 of 2 Fannie Mae Farm t0o46 6-93 form ACR - "TOTAL for Windows• appraisal software by a 1a mode, inc. -1-81)g-ALAMODE