*%%" % "?NONE OFFERED @NONE OFFERED 0GAS-IS ZK1 OVER 6 MNS. KEQUAL CONSIDERATION KPERCENTAGES "KRANGED KVALUE IS %Z Z && (( 66  6 8 9, , :V V ?? @00GZZKKKKK""1(NO ADVERSE  ESTIMATE MARKET VALUEVACANT SINGLE FAMILY NO ADVERSE ACRES PER TAX  NOT ZONED !IMPROVED TO SINGLE FA$ASPHALT "LEVEL "GENTLY SLOPED #TYPICAL No adverse easements, encroachments, or conditions noted at time of inspection. No survey was furnished the appraiser. The lender is advised to rely on the survey for title and legal conditions. Estimate market value.VacantSingle family No adverse easements, encroachments, or conditions noted at time of inspection. No survey was furnished the appraiser. The lender is advised to rely on the survey for title and legal conditions. acres per Tax Assessor Not zonedImproved to single family.AsphaltLevelGently slopedTypicalBasically rectangularIrregularRuralResidentialAdequateNo adverse easements, encroachments, or conditions noted at time of inspection. No survey was furnished the appraiser. The lender is advised to rely on the survey for title and legal conditions.HUD-1 Rural/AverageRural/AverageNone offeredClsd.ConventionalNone offeredt is being valued "as is".xj\U{ukUM?91 $BASICALLY RECTANGULAR$IRREGULAR %RURAL %RESIDENTIAL  &ADEQUATE  (NO ADVERSE EASEMENTS, 6INSPECTION/TAX RCDS 9RURAL/AVERAGE  :RURAL/AVERAGE ?NONE OFFERED 6HUD-1  8CLSD.  ESTIMATE MARKET VALUE0VACANT ZSINGLE FAMILY MARKETABILITY NO ADVERSE ACRES PER TAX  NOT ZONED !IMPROVED TO SINGLE FA,"GENTLY SLOPED  &ADEQUATE ?CONVENTIONAL  "LEVEL #TYPICAL $NONE ,$ASPHALT V$BASICALLY RECTANGULAR $IRREGULAR 0 %ON SITE V%RESIDENTIAL %RURAL Z &SEPTIC  ?CONVENTIONAL @NONE OFFERED GAS-IS KEQUAL CONSIDERATION K1 OVER 6 MNS. KRANGED KVALUE IS $NONE %ON SITE &SEPTIC 6MLS# MARKETABILITY  The subjecAll the sales were given equal consideration in the overall value estimate. However sales # and # were given the most weight in the final valuation process. ne year. This sale was considered to be more similar to the subject and representative of the market than some later available requiring larger adjustment percentages. The subject's market has maintained stable values over the past twelve months with some appreciation. However, no time adjustment is yet required.  00ZZ !,,""#$,,$VV$  $0 0 %VV  %  One of the sales utilized is above the preferred Fannie Mae guideline of six months closed, but within the allowable oThe adjusted value estimates ranged from $, to $,. Their mean and median values are $, and $, respectively.Based on the above considerations and analysis, it is this appraisers opinion that the Estimated Market Value of the subject property as of -, is $,.NoneOn SiteSepticMLS#Inspection/Tax Rcdsser that would effect the subject's marketability.  (NO ADVERSE (NO ADVERSE EASEMENTS, 6HUD-1 6INSPECTION/TAX RCDS  6MLS# 8CLSD. 9RURAL/AVERAGE , :RURAL/AVERAGE V The subject 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 apprai inherent in rural properties, the adjustment percentages are above the recommended Fannie Mae guidelines. This situation is unavoidable. No more similar sales, listings, or pendings were available for use that yielded lower adjustment percentages. KPERCENTAGES Because of the more limited sales comparables available, coupled with the increased variablesm