h*_!&, _"Y "IHOTHER ,7HOVER 6 MN. 7HPERCENTAGES + BHRANGED V7HSITE 7HWEIGHTED SALE BNCLIF'S LISC. Z2NCLIFFS 3Q?V#V#?--A##A##A##C22CBBD0202DBBH66H77H,7,7HV7V7H77H77H7,CNZ2Z2N33G MAPSCO  TEX  N/A  N/A  N/A  N/A #ONE #1 #1.5 #TWO  $ATTACH  $DETACH  %Mapsco TexasN/AN/AN/AN/AOneOne1.5TwoAttachedDetachedTraditionalContemporarySpanishBrick veneerWoodSidingBrick/SidingComp. ShingleShake ShingleNone observed during drive-by appraisal.Storm windowsor drive-by appraisal purposes, interior is assumed to be of similar average condition. N/ACorner LotInside Lotx/Resndtl.x/Ruralacs/RuralA/SimilarAverageGoodFairCentral H/ASpace/RWUFloor/NonewmeZOD@zmeXLC:62.*&" 1 Garage2 Garage1 Carport2 CarportNoneOpen/Cvd.Cvd./Cvd.Open/OpenNoneStorm windowsThermopaneDallasDallasN/AVacantSingle Family Resdtl.0-5%Newubject neighborhood has access to all the necessary support facilities to include schools, shopping, recreation, and employment. The improvements conform well to the surrounding neighborhood. There are no adverse factors observed by the appraiser that would effect the subject's marketability. m-zshZUKA72( +Property appears in good exterior condition. No recognizable deferred maintenance. For drive-by appraisal purposes the interior is assumed to be of equal good condition. Cvd/OpenThe sWBFPFenceSubject appears in good to average condition from the exterior. No deferred maintenance recognizable. FState Certified TX-1327432-R2 CarNone1 CarState Licensed TX-1326776-LTwoDuplexFort WorthTarrantCvd/OpenCvd/CvdCvd/Deckoid^AԀ N/A1 CarportAgricl.Age differences adjusted at .5% of the sales price times the difference in age. Auto storage differences applied at the market extracted rate of $1,000 per covered space and $2,500 per enclosed.Other feature differences adjusted at recognized market values.Adjusted sales values ranged from $, to $,. Their mean and edian values are $, and $, respectively. ed at the rate of $ per acre. This derived from recent land sales and land to improvements ratios.&s" OSite differences were adjustBath differences adjusted at the market rate of $800 per half bath and $1,500 per full bath.of six months closed, but within the allowable one year. This sale was considered to be more similar to the subject and representative of the market than some later available requiring larger adjustment percentages. The subject's market has maintained stable values over the past twelve months with some appreciation. However, no time adjustment is yet required., %TRAD  %CONT  %SPAN &BRICK &WOOD &SIDING &BRK/SID &COMP &SHAKE (NONE (STORMS +AVG.  0-5% ,NEW -CONFORM V-NEIGH. ,-NO ADVERSE -#ONE #TWO ,3 9  N/A SFR , #1 , &BRICK +AVG. 9AVG ,>2 CARPORT "ASTORM WINDOWS #"HFINAL CONCLUSION 0B [ #1.5 V#TWO $ATTACH $DETACH $DUPLEX V3%CONT 0%MFGD DW C%MFGD-SW VC%SPAN Z%TRAD  33N/A 6CORNER LOT 6INSIDE 7X/RES. 7X/RUR 7ACS./RURAL 8A/SIM. 9AVG 9GOOD  9FAIR !=CENT. "=SPACERWU #--,-,-V-V---##,3,3#,,#VV#$$$V3V3%%00,,%ZZ7?,#,#&BRK/SID &SIDING &WOOD &COMP ,&SHAKE V(NONE (STORMS #=FLOOR/NONE $>1 GARAGE >2 GARAGE >1 CARPORT >2 CARPORT >NONE ?OPEN/CVD ?CVD/CVD ?OPEN/OPEN ANONE ASTORM WINDOWS  ATHERMOPANE  OOne sale utilized is above the recommended Fannie Mae guideline All the sales were given equal consideration in the overall value estimate. However, Sale # was given the most weight in the final value conclusion for being Based on the above anaysis, the Estimated Market Value of the subject property as of October , 1997 is 25.00SF), bedrooms, and bathrooms. A discussion of the adjustments applied to each of the comparable sales is included in the Additional Comments Addendum.YP e +GOOD -3N/A 5C- C6CORNER LOT 06INSIDE Z7ACS./RURAL 7X/RES. 7X/RUR 8A/SIM. g%CC%VCVC&&&&&,,&VV((++--35CC6ZZ60077/9FAIR 9GOOD V=CENT. =FLOOR/NONE "=SPACERWU >1 CARPORT ">1 GARAGE 0" DALLAS  DALLAS  N/A  VACANT SFR 0-5% NEW NEIGH. CONFORM NO ADVERSE +GOOD ?CVD/OPEN  N/A Z, N/A Z6 MAPSCO  DALLAS , FT.WTH 3 DALLAS 0, TARRANT 3 TEX 0 N/A Z N/A IThe comparables analyzed above represent homes of similar quality construction and location. Adjustments applied to dissimilarities in square footage of living area at ($NoneNonetage adjustments are in one case above recommended Fannie Mae guidelines. This situation is unavoidable. No more sales, listings, or oendings were available for use as comparables that yielded lower adjustment percentages or were considered more similar to the subject or representative of the market. +CWBFP DFENCE NCLIF'S LISC. 2 CAR NONE 1 CAR  NCLIFFS  #TWO  $DUPLEX  FT.WTH  TARRANT CVD/OPEN  Z,Z, Z6Z6  ,, 33 0,0, 33 00 ZZ   222222663366060666,,,,OCVD/CVD CVD/DECK  N/A 1 CARPORT AGRIC. HAGE HAUTO HOTHER HRANGED HSITE HBATH HOVER 6 MN. B N/A 1 CAR 21 CARPORT 62 CAR 2NONE 2CVD/CVD 6CVD/DECK 06CVD/OPEN 3AGRIC. 6VACANT ,g Because of the limited sales available, percenDistances are typical of the subject's market area.This adjustment considered to also cover conditional differences in all but unusual circumstances.Manufactured Single WideManufactured Double WideC- r> >2 GARAGE Z">NONE "?CVD/CVD ,#?CVD/OPEN -?OPEN/CVD #?OPEN/OPEN V#ANONE # 89,,9VV9==="">0"0">Z"Z">"">"">""?## ]# !gHWEIGHTED SALE 70BHFINAL CONCLUSION BZBHCOMPARABLES 0BBCNONE DNONE HPERCENTAGES + ZBCHDISTANCES B,CHCOVERS CONDITION DIF C%MFGD-SW %MFGD DW 5C- "Q ATHERMOPANE #CNONE BCWBFP 2DFENCE 02DNONE BHAGE 6HAUTO 7HBATH 7HCOMPARABLES ZBHCOVERS CONDITION DIF ,CHDISTANCES C#]$ $]% %]