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<br /> Uniform Residential Appraisal Report File# BAG 180
<br /> APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that:
<br /> 1. 1 have, at a minimum, developed and reported this appraisal in accordance with the scope of work requirements stated in
<br /> this appraisal report.
<br /> 2. 1 performed a complete visual inspection of the interior and exterior areas of the subject property. I reported the condition
<br /> of the improvements in factual, specific terms. I identified and reported the physical deficiencies that could affect the
<br /> livability, soundness, or structural integrity of the property.
<br /> 3. 1 performed this appraisal in accordance with the requirements of the Uniform Standards of Professional Appraisal
<br /> Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in
<br /> place at the time this appraisal report was prepared.
<br /> 4. 1 developed my opinion of the market value of the real property that is the subject of this report based on the sales
<br /> comparison approach to value. I have adequate comparable market data to develop a reliable sales comparison approach
<br /> for this appraisal assignment. I further certify that I considered the cost and income approaches to value but did not develop
<br /> them, unless otherwise indicated in this report.
<br /> 5. 1 researched, verified, analyzed, and reported on any current agreement for sale for the subject property, any offering for
<br /> sale of the subject property in the twelve months prior to the effective date of this appraisal, and the prior sales of the subject
<br /> property for a minimum of three years prior to the effective date of this appraisal, unless otherwise indicated in this report.
<br /> 6. 1 researched, verified, analyzed, and reported on the prior sales of the comparable sales for a minimum of one year prior
<br /> to the date of sale of the comparable sale, unless otherwise indicated in this report.
<br /> 7. 1 selected and used comparable sales that are locationally, physically, and functionally the most similar to the subject property.
<br /> 8. 1 have not used comparable sales that were the result of combining a land sale with the contract purchase price of a home that
<br /> has been built or will be built on the land.
<br /> 9. 1 have reported adjustments to the comparable sales that reflect the market's reaction to the differences between the subject
<br /> property and the comparable sales.
<br /> 10. 1 verified, from a disinterested source, all information in this report that was provided by parties who have a financial interest in
<br /> the sale or financing of the subject property.
<br /> 11. 1 have knowledge and experience in appraising this type of property in this market area.
<br /> 12. 1 am aware of, and have access to, the necessary and appropriate public and private data sources, such as multiple listing
<br /> services, tax assessment records, public land records and other such data sources for the area in which the property is located.
<br /> 13. 1 obtained the information, estimates, and opinions furnished by other parties and expressed in this appraisal report from
<br /> reliable sources that I believe to be true and correct.
<br /> 14. 1 have taken into consideration the factors that have an impact on value with respect to the subject neighborhood, subject
<br /> property, and the proximity of the subject property to adverse influences in the development of my opinion of market value. I
<br /> have noted in this appraisal report any adverse conditions (such as, but not limited to, needed repairs, deterioration, the
<br /> presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) observed during the inspection of the
<br /> subject property or that I became aware of during the research involved in performing this appraisal. I have considered these
<br /> adverse conditions in my analysis of the property value, and have reported on the effect of the conditions on the value and
<br /> marketability of the subject property.
<br /> 15. 1 have not knowingly withheld any significant information from this appraisal report and, to the best of my knowledge, all
<br /> statements and information in this appraisal report are true and correct.
<br /> 16. 1 stated in this appraisal report my own personal, unbiased, and professional analysis, opinions, and conclusions, which
<br /> are subject only to the assumptions and limiting conditions in this appraisal report.
<br /> 17. 1 have no present or prospective interest in the property that is the subject of this report, and I have no present or
<br /> prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or
<br /> completely, my analysis and/or opinion of market value in this appraisal report on the race, color, religion, sex, age, marital
<br /> status, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of the
<br /> present owners or occupants of the properties in the vicinity of the subject property or on any other basis prohibited by law.
<br /> 18. My employment and/or compensation for performing this appraisal or any future or anticipated appraisals was not
<br /> conditioned on any agreement or understanding, written or otherwise, that I would report (or present analysis supporting) a
<br /> predetermined specific value, a predetermined minimum value, a range or direction in value, a value that favors the cause of
<br /> any party, or the attainment of a specific result or occurrence of a specific subsequent event (such as approval of a pending
<br /> mortgage loan application).
<br /> 19. 1 personally prepared all conclusions and opinions about the real estate that were set forth in this appraisal report. If I
<br /> relied on significant real property appraisal assistance from any individual or individuals in the performance of this appraisal
<br /> or the preparation of this appraisal report, I have named such individual(s) and disclosed the specific tasks performed in this
<br /> appraisal report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make
<br /> a change to any item in this appraisal report; therefore, any change made to this appraisal is unauthorized and I will take no
<br /> responsibility for it.
<br /> 20. 1 identified the lender/client in this appraisal report who is the individual, organization, or agent for the organization that
<br /> ordered and will receive this appraisal report.
<br /> Freddie Mac Form 70 March 2005 Page 5 of 6 Fannie Mae Form 1004 March 2005
<br /> Form 1004-"TOTAL"appraisal software by a la mode,inc.-1-800-ALAMODE
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