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' Edited Form File: U:\Pangaea\Rurarp2.frm ' Date Created: 14-Jul-1997 13:38:44 ' ' Fonts F,1,120,1,0,0,Arial Narrow F,2,75,1,0,0,Arial Narrow F,3,75,0,0,0,Arial Narrow F,4,80,0,0,0,Arial Narrow F,5,65,0,0,0,Arial Narrow F,6,70,0,0,0,Arial Narrow F,7,70,1,0,0,Arial Narrow F,8,60,0,0,0,Arial Narrow F,9,80,1,0,1,Arial Narrow ' P,1,2,URAR0693 ' ' Open Rectangles R,1,28,618,1211,0,1,0 R,171,292,8,8,0,1,0 R,252,292,8,8,0,1,0 R,398,292,8,8,0,1,0 R,543,292,8,8,0,1,0 R,187,711,13,13,0,1,0 R,218,711,13,13,0,1,0 R,332,711,13,13,0,1,0 R,363,711,13,13,0,1,0 R,478,711,13,13,0,1,0 R,509,711,13,13,0,1,0 R,94,986,13,13,0,1,0 R,138,986,13,13,0,1,0 R,416,986,13,13,0,1,0 R,534,1164,13,13,0,1,0 R,569,1164,13,13,0,1,0 ' ' Filled Rectangles R,1,28,12,1211,1,1,0 R,344,28,1,185,1,1,0 R,279,43,64,1,1,1,0 R,50,72,62,1,1,1,0 R,160,72,50,1,1,1,0 R,228,72,76,1,1,1,0 R,539,77,78,1,1,1,0 R,16,87,96,1,1,1,0 R,160,87,50,1,1,1,0 R,228,87,76,1,1,1,0 R,344,92,274,1,1,1,0 R,16,102,193,1,1,1,0 R,228,102,76,1,1,1,0 R,344,107,274,1,1,1,0 R,75,117,37,1,1,1,0 R,159,117,51,1,1,1,0 R,228,117,76,1,1,1,0 R,344,122,274,1,1,1,0 R,228,132,76,1,1,1,0 R,113,136,1,32,1,1,0 R,162,136,1,32,1,1,0 R,344,137,274,1,1,1,0 R,344,152,274,1,1,1,0 R,344,167,274,1,1,1,0 R,68,168,146,1,1,1,0 R,228,168,76,1,1,1,0 R,344,182,274,1,1,1,0 R,267,183,75,1,1,1,0 R,267,197,75,1,1,1,0 R,344,197,274,1,1,1,0 R,267,211,75,1,1,1,0 R,1,212,12,2,1,1,16777215 R,13,212,605,2,1,1,0 R,98,213,1,13,1,1,0 R,181,213,1,543,1,1,0 R,327,213,1,543,1,1,0 R,472,213,1,543,1,1,0 R,13,226,605,1,1,1,0 R,13,257,605,1,1,1,0 R,98,257,1,499,1,1,0 R,99,258,82,14,1,1,13158600 R,13,272,605,1,1,1,0 R,392,272,1,16,1,1,0 R,537,272,1,16,1,1,0 R,182,273,65,14,1,1,13158600 R,247,273,1,15,1,1,0 R,328,273,64,14,1,1,13158600 R,473,273,64,14,1,1,13158600 R,13,287,605,1,1,1,0 R,409,287,1,16,1,1,0 R,555,287,1,16,1,1,0 R,263,288,1,15,1,1,0 R,264,288,63,15,1,1,13158600 R,410,288,62,15,1,1,13158600 R,556,288,62,15,1,1,13158600 R,13,302,605,1,1,1,0 R,13,332,605,1,1,1,0 R,265,332,1,378,1,1,0 R,410,332,1,378,1,1,0 R,555,332,1,378,1,1,0 R,276,339,4,1,1,1,0 R,421,339,4,1,1,1,0 R,566,339,4,1,1,1,0 R,13,347,605,1,1,1,0 R,99,348,82,45,1,1,13158600 R,13,377,85,1,1,1,0 R,182,377,436,1,1,1,0 R,13,392,605,1,1,1,0 R,14,407,605,1,1,1,0 R,13,422,605,1,1,1,0 R,13,437,605,1,1,1,0 R,13,452,605,1,1,1,0 R,13,467,605,1,1,1,0 R,13,482,605,1,1,1,0 R,13,497,606,1,1,1,0 R,13,512,605,1,1,1,0 R,124,513,1,31,1,1,0 R,149,513,1,31,1,1,0 R,207,513,1,31,1,1,0 R,232,513,1,31,1,1,0 R,352,513,1,31,1,1,0 R,377,513,1,31,1,1,0 R,497,513,1,31,1,1,0 R,523,513,1,31,1,1,0 R,98,528,84,1,1,1,0 R,182,528,83,1,1,1,0 R,327,528,84,1,1,1,0 R,472,528,84,1,1,1,0 R,98,543,84,1,1,1,0 R,182,543,83,1,1,1,0 R,327,543,84,1,1,1,0 R,472,543,84,1,1,1,0 R,13,558,605,1,1,1,0 R,13,588,605,1,1,1,0 R,13,603,605,1,1,1,0 R,13,618,605,1,1,1,0 R,13,633,605,1,1,1,0 R,14,648,605,1,1,1,0 R,13,679,605,1,1,1,0 R,13,694,605,1,1,1,0 R,13,709,605,1,1,1,0 R,247,709,1,46,1,1,0 R,538,709,1,46,1,1,0 R,99,710,82,45,1,1,13158600 R,392,710,1,46,1,1,0 R,237,718,6,1,1,1,0 R,382,718,6,1,1,1,0 R,527,718,6,1,1,1,0 R,13,724,85,1,1,1,0 R,182,724,436,1,1,1,0 R,182,725,65,30,1,1,13158600 R,328,725,64,30,1,1,13158600 R,473,725,65,30,1,1,13158600 R,13,755,605,1,1,1,0 R,395,771,223,1,1,1,0 R,13,786,605,1,1,1,0 R,13,801,605,1,1,1,0 R,13,816,605,1,1,1,0 R,13,831,605,1,1,1,0 R,13,846,605,1,1,1,0 R,98,847,1,60,1,1,0 R,181,847,1,60,1,1,0 R,327,847,1,60,1,1,0 R,472,847,1,60,1,1,0 R,13,860,605,1,1,1,0 R,11,906,607,1,1,1,0 R,13,935,605,1,1,1,0 R,13,950,605,1,1,1,0 R,546,966,72,1,1,1,0 R,2,968,11,2,1,1,16777215 R,344,981,38,1,1,1,0 R,500,981,30,1,1,1,0 R,546,981,72,1,1,1,0 R,2,983,11,2,1,1,16777215 R,13,983,605,2,1,1,0 R,106,1014,512,1,1,1,0 R,13,1029,606,1,1,1,0 R,95,1044,524,1,1,1,0 R,13,1059,605,1,1,1,0 R,13,1074,605,1,1,1,0 R,540,1100,54,1,1,1,0 R,493,1115,125,1,1,1,0 R,382,1130,138,1,1,1,0 R,13,1179,301,1,1,1,0 R,317,1179,214,1,1,1,0 R,13,1193,301,1,1,1,0 R,317,1193,214,1,1,1,0 R,13,1208,301,1,1,1,0 R,317,1208,301,1,1,1,0 R,13,1223,301,1,1,1,0 R,317,1223,301,1,1,1,0 ' ' Lines L,169,301,181,290,1,0,0 L,250,301,262,290,1,0,0 L,396,301,408,290,1,0,0 L,541,301,553,290,1,0,0 ' ' Images ' ' Text Strings T,1,12,2,0,Valuation Section T,1,156,9,16777215,COST APPROACH T,1,655,9,16777215,SALES COMPARISON ANALYSIS T,1,1157,9,16777215,RECONCILIATION T,263,30,2,0, $ T,346,32,3,0, Comments on Cost Approach (such as, source of cost estimate, T,13,45,4,0, ESTIMATED REPRODUCTION COST-NEW OF IMPROVEMENTS: T,346,47,3,0, site value, square foot calculation and, for HUD, VA and FmHA, the T,149,60,2,0, $ T,218,60,2,0, $ T,13,61,3,0, Dwelling T,112,61,3,0, Sq. Ft. @ T,211,61,3,0, = T,346,63,3,0, estimated remaining economic life of the property): T,112,76,3,0, Sq. Ft. @ T,149,76,2,0, $ T,211,76,3,0, = T,211,92,3,0, = T,13,105,3,0, Garage/Carport T,112,106,3,0, Sq. Ft. @ T,149,106,2,0, $ T,211,106,3,0, = T,13,117,3,0, Total Estimated Cost-New . . . . . . . . . . . . . . . . . . T,218,121,2,0, $ T,211,122,3,0, = T,13,128,3,0, Less T,74,128,3,0,Physical T,119,128,3,0,Functional T,171,128,3,0,External T,218,155,2,0, $ T,13,156,3,0, Depreciation T,211,156,3,0, = T,172,6,1,0,UNIFORM RESIDENTIAL APPRAISAL REPORT T,257,169,2,0, $ T,13,171,3,0, Depreciated Value of Improvements T,154,171,3,0, . . . . . . . . . . . . . . . . . . . . . . T,13,186,3,0, "As-is" Value of Site Improvements T,154,186,3,0, . . . . . . . . . . . . . . . . . . . . . . T,257,185,2,0, $ T,13,200,2,0, INDICATED VALUE BY COST APPROACH T,257,200,2,0, $ T,175,200,3,0, . . . . . . . . . . . . . . . . T,45,213,2,0,ITEM T,121,213,2,0,SUBJECT T,212,213,2,0,COMPARABLE NO. 1 T,357,213,2,0,COMPARABLE NO. 2 T,502,213,2,0,COMPARABLE NO. 3 T,13,244,3,0, Address T,13,257,3,0, Proximity to Subject T,98,274,2,0, $ T,248,274,2,0, $ T,393,274,2,0, $ T,538,274,2,0, $ T,13,273,3,0, Sales Price T,13,288,3,0, Price/Gross Liv. Area T,98,290,2,0, $ T,182,290,2,0, $ T,327,290,2,0, $ T,472,290,2,0, $ T,13,304,3,0, Data and/or T,13,320,3,0, Verification Sources T,15,333,5,0,VALUE ADJUSTMENTS T,114,333,3,0,DESCRIPTION T,197,333,3,0,DESCRIPTION T,269,333,6,0,+( ) Adjustment T,342,333,3,0,DESCRIPTION T,414,333,6,0,+( ) Adjustment T,487,333,3,0,DESCRIPTION T,559,333,6,0,+( ) Adjustment T,13,349,3,0, Sales or Financing T,13,363,3,0, Concessions T,13,379,3,0, Date of Sale/Time T,13,393,3,0, Location T,13,408,6,0, Leasehold/Fee Simple T,13,423,3,0, Site T,13,439,3,0, View T,13,454,3,0, Design and Appeal T,15,457,3,0, T,13,471,5,0, Quality of Construction T,13,484,3,0, Age T,13,499,3,0, Condition T,13,515,3,0, Above Grade T,103,515,6,0,Total T,126,515,6,0,Bdrms T,156,515,6,0,Baths T,186,515,6,0,Total T,209,515,6,0,Bdrms T,239,515,6,0,Baths T,332,515,6,0,Total T,355,515,6,0,Bdrms T,385,515,6,0,Baths T,477,515,6,0,Total T,500,515,6,0,Bdrms T,530,515,6,0,Baths T,13,531,3,0, Room Count T,13,545,3,0, Gross Living Area T,155,545,3,0,Sq. Ft. T,238,545,3,0,Sq. Ft. T,383,545,3,0,Sq. Ft. T,528,545,3,0,Sq. Ft. T,13,561,3,0, Basement & Finished T,13,574,3,0, Rooms Below Grade T,13,590,3,0, Functional Utility T,13,605,3,0, Heating/Cooling T,13,620,6,0, Energy Efficient Items T,13,635,3,0, Garage/Carport T,501,14,2,0,File No. T,13,651,3,0, Porch, Patio, Deck, T,13,665,3,0, Fireplace(s), etc. T,13,680,3,0, Fence, Pool, etc. T,13,711,3,0, Net. Adj. (total) T,203,711,4,0, + T,248,711,2,0, $ T,348,711,4,0, + T,393,711,2,0, $ T,493,711,4,0, + T,538,711,2,0, $ T,13,727,3,0, Adjusted Sales Price T,13,740,3,0, of Comparable T,248,742,2,0, $ T,393,742,2,0, $ T,538,742,2,0, $ T,13,759,6,0, Comments on Sales Comparison (including the subject property's compatibility to the neighborhood, etc.): T,45,848,2,0,ITEM T,121,848,2,0,SUBJECT T,212,848,2,0,COMPARABLE NO. 1 T,357,848,2,0,COMPARABLE NO. 2 T,502,848,2,0,COMPARABLE NO. 3 T,13,863,5,0, Date, Price and Data T,13,877,5,0, Source for prior sales T,13,891,5,0, within year of appraisal T,13,909,5,0, Analysis of any current agreement of sale, option, or listing of the subject property and analysis of any prior sales of subject and comparables within one year of the date of appraisal: T,13,955,2,0, INDICATED VALUE BY SALES COMPARISON APPROACH . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . T,536,954,2,0, $ T,13,970,2,0, INDICATED VALUE BY INCOME APPROACH (If Applicable) Estimated Market Rent T,536,970,2,0, $ T,110,986,6,0, "as is" T,153,986,6,0, subject to the repairs, alterations, inspections, or conditions listed below T,431,986,6,0, subject to completion per plans and specifications. T,13,986,6,0, The appraisal is made T,13,1001,3,0, Conditions of Appraisal: T,13,1031,3,0, Final Reconciliation: T,13,1075,6,0, The purpose of this appraisal is to estimate the market value of the real property that is the subject of this report, based on the above conditions and the certification, T,13,1089,6,0, contingent and limiting conditions, and market value definition that are stated in the attached Freddie Mac Form 439/Fannie Mae Form 1004B (Revised T,13,1104,7,0, I (WE) ESTIMATE THE MARKET VALUE, AS DEFINED, OF THE REAL PROPERTY THAT IS THE SUBJECT OF THIS REPORT, AS OF T,372,1118,2,0, $ T,525,1119,2,0,. T,13,1119,7,0, (WHICH IS THE DATE OF INSPECTION AND THE EFFECTIVE DATE OF THIS REPORT) TO BE T,13,1144,7,0, APPRAISER: T,317,1144,7,0,SUPERVISORY APPRAISER (ONLY IF REQUIRED): T,13,31,4,0, ESTIMATED SITE VALUE T,13,1165,3,0, Signature T,317,1165,3,0,Signature T,550,1165,3,0, Did T,585,1165,3,0, Did Not T,13,1180,3,0, Name T,317,1180,3,0,Name T,544,1181,3,0,Inspect Property T,13,1193,3,0, Date Report Signed T,317,1194,3,0,Date Report Signed T,265,1210,3,0,State T,317,1210,3,0,State Certification # T,569,1210,3,0,State T,13,1210,3,0, State Certification # T,317,1226,3,0,Or State License # T,13,1225,3,0, Or State License # T,569,1225,3,0,State T,265,1225,3,0,State T,1,1238,8,0,Freddie Mac Form 70 6-93 T,169,1238,8,0,This form was reproduced by United Systems Software Company (800) 969-8727 - Page 2 T,523,1238,8,0,Fannie Mae Form 1004 6-93 T,388,970,2,0,/Mo. x Gross Rent Multiplier T,532,971,2,0,= T,337,970,2,0,$ T,598,1089,6,0,). T,258,32,3,0,= T,251,171,3,0,= T,251,186,3,0,= T,251,200,3,0,= T,131,32,3,0,. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .