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  1. ' Edited Form File: U:\Pangaea\70m2.frm
  2. ' Date Created:    18-Jul-1997 13:05:18
  3. '
  4. ' Fonts
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  12. P,1,2,Form70M
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  87. '
  88. ' Lines
  89. '
  90. ' Images
  91. '
  92. ' Text Strings
  93. T,3,1237,2,0,Revision 12/92
  94. T,104,122,1,0,Amendment Date
  95. T,290,122,1,0,Seller
  96. T,7,488,1,0,(1)
  97. T,7,859,1,0,State
  98. T,7,840,1,0,Appraiser's Name (print)
  99. T,31,122,1,0, Contract Date
  100. T,183,1237,2,0,This form was reproduced by United Systems Software Company  (800) 969-8727
  101. T,430,839,1,0,Phone # (           )
  102. T,453,1187,1,0,Other
  103. T,31,982,1,0,The co-signing appraiser
  104. T,147,859,1,0,Residential Certification
  105. T,496,820,1,0,Date Prepared
  106. T,375,820,1,0,Effective Date
  107. T,476,859,1,0,Tax ID #
  108. T,7,820,1,0,Appraiser's Signature
  109. T,5,605,1,0,The value estimated is based on the assumption that the property is not negatively affected by the existence of hazardous substances or detrimental
  110. T,7,618,1,0,environmental conditions unless otherwise stated in this report.
  111. T,272,618,1,0,The appraiser is not an expert in the identification of hazardous substances or
  112. T,7,631,1,0,detrimental environmental conditions.
  113. T,165,631,1,0,The appraiser's routine inspection of and inquiries about the subject property did not develop any information
  114. T,7,644,1,0,that indicated any apparent significant hazardous substances or detrimental environmental conditions which would affect the property negatively
  115. T,7,656,1,0,unless otherwise stated in this report.
  116. T,168,656,1,0,It is possible that tests and inspections made by a qualified hazardous substance and environmental expert
  117. T,7,669,1,0,would reveal the existence of hazardous substances or detrimental environmental conditions on or around the property that would negatively affect
  118. T,7,680,1,0,its value.
  119. T,31,488,1,0,Their analyses, opinions and conclusions were developed, and this report was prepared, in conformity with the
  120. T,495,488,1,0,Uniform
  121. T,532,488,1,0,Standards of
  122. T,31,500,1,0,Professional
  123. T,83,500,1,0,Appraisal
  124. T,124,500,1,0,Practice (\"USPAP\"), and in accordance with the regulations developed by the
  125. T,451,500,1,0,Lender's
  126. T,489,500,1,0,Federal
  127. T,522,500,1,0,Regulatory
  128. T,568,500,1,0,Agency as
  129. T,31,512,1,0,required by FIRREA, except that the Departure Provisions of the USPAP do not apply.
  130. T,31,910,1,0,The co-signing                                         appraiser the subject property, both inside and out, and has made an exterior inspection of all
  131. T,31,932,1,0,comparable sales listed in the report.
  132. T,187,932,1,0,The report was prepared by the appraiser under direct supervision of the co-signing appraiser.
  133. T,580,932,1,0,The
  134. T,31,948,1,0,co-signing appraiser accepts responsibility for the contents of the report including the value conclusions and the limiting conditions, and
  135. T,31,963,1,0,confirms that the certifications apply fully to the co-signing appraiser.
  136. T,31,1106,1,0,The co-signing appraiser's level of inspection, involvement in the appraisal process and certification are covered elsewhere in the addenda
  137. T,31,1121,1,0,section of this appraisal.
  138. T,333,1187,1,0,Trainee
  139. T,271,859,1,0,Certification #
  140. T,453,1203,1,0,SS#
  141. T,85,859,1,0,License
  142. T,395,1187,1,0,Review
  143. T,31,1021,3,0,has inspected the exterior of the subject property and all comparable sales listed in the report.
  144. T,278,982,1,0,the interior of the subject property and:
  145. T,31,1002,3,0,has not inspected the exterior of the subject property and all comparable sales listed in the report.
  146. T,31,1040,1,0,The report was prepared by the appraiser under direct supervision of the co-signing appraiser.
  147. T,422,1040,1,0,The co-signing appraiser accepts responsibility
  148. T,31,1056,1,0,for the contents of the report, including the value conclusions and the limiting conditions, and confirms that the certifications apply fully to the
  149. T,31,1071,1,0,co-signing appraiser with the exception of the certification regarding physical inspections.
  150. T,403,1071,1,0,The above describes the level of inspection
  151. T,31,1087,1,0,performed by the co-signing appraiser.
  152. T,139,982,3,0,has not personally inspected
  153. T,7,1220,1,0,State
  154. T,147,1220,1,0,Residential Certification
  155. T,85,1220,1,0,License
  156. T,271,1220,1,0,Certification #
  157. T,7,1187,1,0,Appraiser's Signature
  158. T,7,1203,1,0,Appraiser's Name (print)
  159. T,608,215,1,0, .
  160. T,31,551,1,0,This appraisal assignment was not based on a requested minimum valuation, a specific valuation, or the approval of a loan. (3)
  161. T,7,527,1,0,(2)
  162. T,31,473,1,0,The Appraiser certifies and agrees that:
  163. T,31,527,1,0,Their compensation is not contingent upon the reporting of predetermined value or direction in value that favors the cause of the client, the
  164. T,31,539,1,0,amount of the value estimate, the attainment of a stipulated result, or the occurrence of a subsequent event.
  165. T,46,400,1,0,months is considered a reasonable marketing period for the subject property based on
  166. T,97,911,3,0,has personally inspected
  167. T,608,419,1,0, .
  168. T,31,292,1,0,The contract indicated the following concessions or incentives:
  169. T,28,253,1,0,Personal property
  170. T,26,272,1,0,The contract indicated
  171. T,31,49,1,0,The subject property is
  172. T,124,271,3,0,no financing concessions
  173. T,218,194,3,0,was included.
  174. T,108,229,3,0,was not included
  175. T,29,230,1,0,Personal property
  176. T,379,215,1,0,Estimated contributory value is $
  177. T,128,48,3,0,currently not under contract.
  178. T,104,253,3,0,was included
  179. T,31,195,1,0,The contract indicated that personal property
  180. T,608,311,1,0, .
  181. T,197,122,1,0,Contract Price
  182. T,31,68,1,0,The contract and/or escrow instructions
  183. T,333,68,1,0,The unavailability of the contract is explained later in the addenda
  184. T,31,83,1,0,section.
  185. T,298,177,1,0,in the sale.
  186. T,31,330,1,0,If concessions or incentives exist, the comparables were checked for similar concessions and appropriate adjustments were made,
  187. T,31,346,1,0,if applicable, so that the final value conclusion is in compliance with the Market Value defined herein.
  188. T,196,98,3,0,were reviewed.
  189. T,31,99,1,0,The contract and/or escrow instructions
  190. T,197,67,3,0,were not available for review.
  191. T,216,176,3,0,was not included
  192. T,41,22,6,16777215,CURRENT SALES CONTRACT
  193. T,41,369,6,16777215,MARKET OVERVIEW
  194. T,227,370,1,16777215,Include an explanation of current market conditions and trends
  195. T,41,445,6,16777215,ADDITIONAL CERTIFICATION
  196. T,41,704,6,16777215,ADDITIONAL COMMENTS
  197. T,41,783,6,16777215,APPRAISER'S SIGNATURE & LICENSE/CERTIFICATION
  198. T,41,883,6,16777215,CO-SIGNING APPRAISER'S CERTIFICATION
  199. T,41,578,6,16777215,ADDITIONAL (ENVIRONMENTAL) LIMITING CONDITIONS
  200. T,41,1142,6,16777215,CO-SIGNING APPRAISER'S SIGNATURE
  201. T,31,177,1,0,The contract indicated that personal property
  202. T,286,195,1,0,It consisted of
  203. T,191,230,1,0,in the final value estimate.
  204. T,169,253,1,0,in the final value estimate.
  205. T,248,272,1,0,or other incentives.
  206. T,268,99,1,0,The following summarizes the contract:
  207.