Wooten Appraisal Co. 7301 Mission Rd., Ste #215 …

1 Wooten Appraisal Mission Rd., Ste #215 Prairie Village, KS Mortgage CompanyRe: Property:[N/A; Sample Appraisal ]Lee's Summit, MO 64082-4413 Borrower:[N/A; Sample Appraisal ]File No.:31207157In accordance with your request, we have performed a Desk Review FNMA #2006 of the Appraisal of the above referenced property. The ReviewReport of that Appraisal is purpose of this Review Appraisal is to determine whether the original Appraisal was performed in accordance with the Uniform Standards ofProfessional Appraisal Practice and whether the estimated market value of the subject property is sufficiently supported and Review Appraiser performed a thorough review of the original Appraisal report and relied on such secondary information/data sources such ascounty records, Heartland MLS, the Review Appraiser's files, etc. The Reviewer did no inspect the exterior or interior of the subject value conclusions reported are as of the effective date stated in the body of the report and contingent upon the certification and limitingconditions has been a pleasure to assist you.

2 Please do not hesitate to contact me or any of my staff if we can be of additional service to ,Kent L. Wooten , MAI, RM, SRAKS: G-112 General Real Property AppraiserMO: RA-1845 General Real Property ApprasierPage #2 File No. 31207157 Borrower/ClientFile AddressCityLenderCountyStateZip CodeTABLE OF CONTENTS31207157[N/A; Sample Appraisal ][N/A; Sample Appraisal ]Lee's SummitJacksonMO64082-4413 XYZ Mortgage CompanyInvoice ..Letter of Transmittal ..Review Short Form - 2006 ..General Text Addendum ..Multi-Purpose Supplemental Addendum ..Statement of Limiting Conditions ..USPAP Identification ..Location Map ..Flood Map ..Photograph Addendum ..12357910111213 Form TOCNP "TOTAL for Windows" Appraisal software by a la mode, inc. 1-800-ALAMODERESIDENTIAL Appraisal REVIEW SHORT FORML ending InstitutionLender's AddressName of BorrowerProperty AddressLoan NumberAppraised Value $DateLender's AppraiserPhoneAppraiser's AddressReview AppraiserPhoneReviewer's AddressREVIEW ANALYSISDESCRIPTION:Acceptable Unacceptable N/AAcceptable Unacceptable N/A 1.

3 5. 2. 6. 3. 7. UnitComment SectionLegal Description (verify)Census TractNeighborhoodSiteRemarks:COST ANALYSIS SECTION:Acceptable Unacceptable N/AAcceptable Unacceptable N/A8. Physical Depreciation12. Adjustments & Calculations9. Functional Depreciation(verify)10. External Depreciation13. Comments11. Land to ImprovementRatio (verify)Remarks:MARKET DATA ANALYSIS SECTION:Acceptable Unacceptable N/AAcceptable Unacceptable N/A14. Documentation Numbers21. Math Calculations (verify)(verified)22. Comments Section15. Location Adjustments23. Net Adjustment Ratio16. Site and View Adjustments1)2)3)%%%17. Quality/Design and24. Gross Adjustment RatioAppeal Adjustments1)2)3)%%%18. Condition Adjustments25. Comparable Data Sections19. Room Count and Square26. Income Approach (if App.)Feet Adjustments27. Condo Project Addenda20. Amenities AdjustmentsRemarks:ADDENDA REQUIREDCONDOMINIUMA cceptable Unacceptable N/AAcceptable Unacceptable N/A28.

4 Plat Map37. No. of Units Not Complete29. Building Sketch38. Presale Requirements Not Met30. Comparable Map39. Sale(s) From Project Needed31. Photo Pages40. Sale(s) Out of ProjectNeeded32. Statement LimitingConditions41. Addendum A33. Purchase Agreement42. Addendum B34. Original SignatureUNITS35. 442 Certification of43. Rental SurveyCompletion44. Operating Income Statement36. Copy of Permit forAddition/ConversionRemarks:REVIEWER'S SUMMARYA ppraisal report was:GoodFairPoorRecommendation:Accept as isAccept when revised - See items #Have another Appraisal prepared by someone elseOtherComments:Field Review was madeYesNoSales price $Appraiser's Value $Reviewer's Recommendation $Reviewer's SignatureTitleDate of ReviewReviewer's SignatureTitleDate of ReviewSee AttachedCopyright 1988 by the National Association of Review Appraisers and Mortgage UnderwritersReview Form No. 2006 Developed 1/88 Wooten Appraisal CompanyForm 006 "TOTAL for Windows" Appraisal software by a la mode, inc.

5 1-800-ALAMODEXYZ Mortgage Company[N/A; Sample Appraisal ][N/A; Sample Appraisal ]Lee's Summit, MO 64082-44130312295706A&B142,00012/04/2003 [N/A; Sample Appraisal ]N/A[N/A; Sample Appraisal ]Kent L. Wooten , MAI, SRA, RM[N/A; Sample Appraisal ][N/A; Sample Appraisal ]These sections are Cost Approach section is Market Approach section is acceptable. Reviewer has searched for additional market data, however no better sales, listings, or pending sales were supporting documents provided for review appeared acceptable and to support the descriptions, explanations, conclusions, opinions and values presented inthe original Appraisal report. Items #28 and 30-36 were not provided to the Review Appraiser. The descriptions, conclusions, opinions, etc. are well presented and sufficiently logical and the appraised value of $142,000 estimated in the original appraisalreport appears to be realistic and well supported as of the effective date of the valuation.

6 The values estimated by the Cost, Market and/or Income approaches are in closeproximity to one another. There were no departure provisions and the value not subject to any conditions. The intended user of this report is the above referenced client and/ortheir assigns. The intended use of this report is to assist the user in making a lending decision. Any other use of the report by any other user is ,000142,000142,000 President/Owner [No Supervisory Signature Required] N/A N/APage #3 File No. 31207157 Summary Appraisal ReportSUPPLEMENTARY DATA////ITEMSUBJECTCOMPARABLE NO. 1 COMPARABLE NO. 2 COMPARABLE NO. 3 AddressProximity to SubjectSales Price$$$$$$$$Price/Gross Liv. AreaData SourceVALUE ADJUSTMENTS+( )$ Adjust. +( )$ Adjust. +( )$ Adjust. DESCRIPTIONDESCRIPTIONDESCRIPTIONDESCRIP TIONS ales or FinancingConcessionsDate of Sale/TimeLocationSite/ViewDesign and AppealQuality of ConstructionAgeConditionAbove GradeTotal BdrmsBathsTotalBdrmsBathsTotalBdrmsBaths TotalBdrmsBathsRoom CountGross Living AreaSq.

7 & FinishedRooms Below GradeFunctional UtilityHeating/CoolingGarage/CarportPorc hes, Patio,Pools, EnergyEfficient ItemsFireplace(s)Other ( kitchenequip., remodeling)Net Adj. (total)+$+$+$Indicated Valueof Subject$$$ Comments on Sales ComparisonREVIEWER'S SUMMARY COMMENTSC opyright 1988 by the Association of Review Appraisers and Mortgage UnderwritersReview Form No. 20061/88 Form 006 "TOTAL for Windows" Appraisal software by a la mode, inc. 1-800-ALAMODE[N/A; Sample Appraisal ]Lee's Summit, MO 64082-4413140, ReviewCheddinton/Gd6,200 SF/Gd1/2-Duplex; RanchTypical (s) = 0/NewNew 21,234100%; 0 SF Fin.+0 Bath; Not HVAC2-Car GaragePatioThermalpanesFP= ,Jacuzzi350 SW Raintree 's Summit, miles135, #1115974 Conv. @ Market+ $-0- Concessions11/03 CL/DOM=109 Raintree ,000 ; RanchTypical (s)=13+10,000 21,289-1,925100%; 0 SF Fin.+0 Bath; Not HVAC2-Car GarageDeck,Hot Tub,Sprklr-2,000 ThermalpanesFP=1-1, ,Drapes,Alrm5, ,5751616 SE Dalton 's Summit, miles143, #1135263 Conv.

8 @ Market+ $-0- Concessions10/03 CL/DOM= ,850 ; Ranch-5,000 Typical (s) = 0/NewNew 21,320-3,0100%; Slab+7,500 [Included]Full HVAC2-Car GaragePatioThermalpanesFP=1-1, ,Fans1, ,390509 NW Ashurst 's Summit, miles155, #1130538 Conv. @ Market+ $-0- Concessions09/03 CL/DOM=1 Country ,250 ; RanchTypical (s)=7+7,500 Good/Inf.[Included]52 21,159+2,625100%; 0 SF Fin.+0 Bath; Not HVAC2-Car GaragePatioThermalpanesFP=1-1, ,Drapes,Fans9, ,125 Comparables were recent sales of nearby similar 1-Story houses with 2-car garages, full HVAC & comparable to the subject inamenities, quality/type of construction & lot characteristics. Only 1 recent sale in Cheddington was found & used in the original Appraisal under review. Sales #1 & #3 wereolder homes and Sale #2 lacked a basement. These were arm's-length, verified closed transactions that did not involve significant seller-paid concessions or undue motivationComparables were considered good indicators of value that did not require excessive adjustments.

9 Equal weight given to all sales in selecting Subject's final value #4 File No. 31207157 OVERFLOW ADDENDUM >URAR: Adverse Environmental Conditions: No environmental hazards is assumed to be on or near the subject property or revealed in the originalappraisal under review that would adversely impact Subject's value, use, appeal and/or marketability. Thisreview Appraisal assumes that Subject does not suffer from any form of structural problems, inoperativeequipment, insect infestation, hazardous waste materials [radon, UFFI, asbestos, electromagnetic ratiation,PCB's, etc.]. However, the Appraiser is not a professional certified inspector nor is considered an expert indeterming the exact condition, remaining live, etc. of components of construction. [See limiting conditions"No. 6]. Consequently, the client is advised to order any inspections by qualified professionals that aredeemed appropriate for conclusive verification.

10 If any inspections reveal the subject has any significantproblems that materially impact value/use/marketability, a correction/mitigation program should beprescribed and the cost to cure estimated. As a result, the Appraiser reserves the right to amend the valueestimated herein as well as related issues such as marketing time. >URAR: Conditions of Appraisal :This Appraisal report is a Limited/Restricted Desktop Report FNMA #2006 with no inspection of the subjector comparable sales. It is made in full compliance with the Uniform Standards of Professional AppraisalPractice [SR-2(b)].Market Value is defined by the federal financial institutions regulatory agency (see "Statement of LimitingConditions" of the Appraisal report). The Fair Market Value of Subject's Fee Simple Estate is appraisedherein predicated on as-is condition, no seller concessions & a normal marketing period of 90-to-120 daysfrom date of inspection.