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ADVANCED MARINE SURVEYS MARINE SURVEYOR 1990 Americraft 67' Houseboat Sum R Fun 52 E. Red Shadow Circle Kanab, UT 84741 (877) 656-8444 [email protected] INDEPENDENT MARINE SURVEYOR SINCE 2005

ADVANCED MARINE SURVEYS

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Page 1: ADVANCED MARINE SURVEYS

ADVANCED MARINE SURVEYSMARINE SURVEYOR

1990 Americraft 67' HouseboatSum R Fun

52 E. Red Shadow Circle Kanab, UT 84741(877) 656-8444

[email protected]

INDEPENDENT MARINE SURVEYOR SINCE 2005

Page 2: ADVANCED MARINE SURVEYS

Report of Marine Survey

Of The Vessel

Sum R Fun1990 Americraft 67' Houseboat

Conducted byJeffrey welker

Member of ABYC since 2005Graduate of Chapman School Of Seamanship 2005

Specializing in Houseboats

PREPARED EXCLUSIVELY FOR:

Christine Jensen

August 16, 2017

INDEPENDENT MARINE SURVEYOR SINCE 2005

Page 3: ADVANCED MARINE SURVEYS

TABLE OF CONTENTS

TOCSum R Fun surveyed by Advanced Marine Surveys - Kanab, UT 84741

SECTION PAGE NO.

I. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .INTRODUCTION 1II. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .GENERAL INFORMATION 2III. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .SYSTEMS 5

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .HULL DECK AND SUPERSTRUCTURE 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .CABIN APPOINTMENTS 7

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .PROPULSION 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .FUEL SYSTEM 10

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .ELECTRICAL SYSTEMS 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .FRESH WATER SYSTEM 14

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .SANITATION 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .STEERING SYSTEM 16

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .GROUND TACKLE 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .ELECTRONICS AND NAVIGATION EQUIPMENT 16

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .BONDING SYSTEM 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .SAFETY EQUIPMENT 17

. . . . . . . . . . . . . . . . . . . . . . . . .AIR CONDITIONING AND HEAT (AIR CONDITIONING) 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .LIQUIFIED PETROLEUM GAS SYSTEM (LPG) 20

IV. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .FINDINGS AND RECOMMENDATIONS 21V. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .SUMMARY AND VALUATION 29VI. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .PHOTOGRAPHS 33

TOCSum R Fun surveyed by Advanced Marine Surveys - Kanab, UT 84741

Page 4: ADVANCED MARINE SURVEYS

I. INTRODUCTION

1 of 43Sum R Fun surveyed by Advanced Marine Surveys - Kanab, UT 84741

SCOPE OF SURVEYActing at the request of Christine Jensen, the attending surveyor did attend onboard the 1990 Americraft 67' Houseboat, Sum R Fun beginning on , July 22, 2017where an ''in-the-water-survey'' WAS conducted at Bullfrog Marina Slips.The ship's papers were on board and appeared to be in order. The Hull Identification Number WAS NOT verified from the transom. Paperwork only. AMC000030090 A sea trial WAS NOT performed. An out-of the water inspection of underwater machinery and the exterior of the hulls wetted surface area WAS NOT performed The reason for the survey, was to ascertain the physical condition and value of the vessel. AC and DC power WAS NOT used to check operation of the electrical systems specified in this report only. No reference or information should be construed to indicate evaluation of the internal condition of the engines or the propulsion system's operating capacity. Electronic equipment was checked for ''power up'' only.This vessel was surveyed without removals of any parts, including fittings, tacked carpet, screwed or nailed boards, anchors and chain, fixed partitions, instruments, clothing, spare parts and miscellaneous materials in the bilges and lockers, or other fixed or semi-fixed items. Locked compartments or otherwise inaccessible areas would also preclude inspection. Owner is advised to open up all such areas for further inspection. Further, no determination of stability characteristics or inherent structural integrity has been made and no opinion is expressed with respect thereto. This survey report represents the condition of the vessel on the above dates, and is the unbiased opinion of the undersigned, but it is not to be considered an inventory or a warranty either specified or implied.NOTE: It is recommend and understood that all GAS engines be surveyed by a qualified Engine

Surveyor to determine the condition of the engines, gears and pumps, heat exchangers, coolers, etc.CONDUCT OF SURVEY:THE MANDATORY STANDARDS PROMULGATED BY THE UNITED STATES COAST GUARD (USCG), UNDER THE AUTHORITY OF TITLE 46 UNITED STATES CODE (USC); TITLE 33 AND TITLE 46, CODE OF FEDERAL REGULATIONS (CFR), AND THE VOLUNTARY STANDARDS AND RECOMMENDED PRACTICES DEVELOPED BY THE AMERICAN BOAT AND YACHT COUNCIL (ABYC) AND THE NATIONAL FIRE PROTECTION ASSOCIATION (NFPA) HAVE BEEN USED AS GUIDELINES IN THE CONDUCT OF THIS SURVEY.

The use of the word ''appears'' is intended to indicate that a close or complete inspection was not possible or it was not deemed appropriate at the time of this survey. The deficiencies reported herein reflect the conditions observed at the time the survey was conducted.Use of asterisks * in the body of the report will indicate that a finding will be listed in the Findings and Recommendations section pertaining to the asterisked item, following the body of the report.

Page 5: ADVANCED MARINE SURVEYS

II. GENERAL INFORMATIONGENERAL INFORMATION

2 of 43Sum R Fun surveyed by Advanced Marine Surveys - Kanab, UT 84741

. . . . . . . . . . . . . . . . . . . . . . . . .FILE NUMBER: Sum R Fun Americraft . . . . . . . . . . . . . . .SURVEY PREPARED FOR: Christine Jensen

. . . . . . . . . . . . . . . . . . . . .NAME OF VESSEL: Sum R Fun . . . . . . . . . . . . . . . . . . . . .TYPE OF SURVEY: Condition and Value, Insurance

. . . . . . . . . . . . . .OVERALL VESSEL RATING: **** AVERAGE . . . . . . . . . . . .ESTIMATED MARKET VALUE: $75,800.00

. . . . . . .ESTIMATED REPLACEMENT COST: $250,000.00 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .BUILDER: Americraft

. . . . . . . . . . . . . . . . . . . . . . . . .MODEL YEAR: 1990 (As per HIN #) . . . . . . . . . . . . . . . . . . . . .MAKE OF VESSEL: Custom Houseboat

. . . .HULL IDENTIFICATION NUMBER (HIN): AMC000030090 . . . . . . .USCG DOCUMENTATION NUMBER: Non documented vessel

. . .STATE VALIDATION STICKER NUMBER: 18037635 (Expires 4/18) . . . . . . . . .STATE REGISTRATION NUMBER: UT0724SP (Expires 4/18)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .OWNER: Multiple ownership . . . . . . . . . .OWNER REQEUSTING SURVEY: Christine Jensen

. . . . . . . . . . . . . . . . . . . . . .E MAIL ADDRESS: [email protected] . . . . . . . . . . . . . . . . . . . .PLACE OF SURVEY: Bullfrog Marina Slips, Lake Powell Utah

. . . . . . . . . . . . . . . . . . . . .DATE OF SURVEY: July 22, 2017 . . . . . . . . . . . . . . . . . . . . . . .HULL MATERIAL: Steel

. . . . . . . . . . . . . . . . . . . . . . . . . . .HULL TYPE: Semi displacement, twin pontoon. . . . . . . . . . . . . .LENGTH OVER ALL (L.O.A).: 67.0 feet (As per measurements from

surveyor) . . . . .(LOAD) LENGTH WATERLINE (L.W.L).: In water survey, not measured.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .BEAM: 17.0 feet (As per measurement from surveyor) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .DRAFT: In water survey, not measured.

. . . . . . . . . . . . . . . . . . . . . . .DISPLACEMENT: No documentation to verify. . . . . . . . . . . . . . . . . .PROPULSION SYSTEM: Twin Mercury 115 hp. four cycle outboard

engines.

Page 6: ADVANCED MARINE SURVEYS

II. GENERAL INFORMATION

3 of 43Sum R Fun surveyed by Advanced Marine Surveys - Kanab, UT 84741

. . . . . . . . . . . . . . . . . . . . . . . . . . .FUEL TYPE: Gasoline. . . . . . . . . . . . . . . . . . . . . . . .FUEL CAPACITY: In water survey, not measured.

. . . . . . . . . . . . . . . . . . . . . . . . . . .AC POWER: 30 amp 125 volt . . . . . . . . . . . . . . . . . . . . . . . . . . .DC POWER: 12 volt.

. . . . . . . . . . . . . .FRESH WATER CAPACITY: In water survey, not measured. . . . . . . . . . . . . . . . . . . . . . . .HOLDING TANK: In water survey, not measured.

. . . . . . . . . . . . .INTENDED CRUISING AREA: Lake Powell . . . . . . . . . . . . . . . . . . . . . . .INTENDED USE: * Recreational

Page 7: ADVANCED MARINE SURVEYS

II. GENERAL INFORMATION

4 of 43Sum R Fun surveyed by Advanced Marine Surveys - Kanab, UT 84741

DEFINITION OF TERMS:The terms and words used in this report have the following meanings as used in this Report of survey:APPEARS:Indicates that a very close inspection of the particular system, component or item was not possible due to constraints imposed upon the surveyor(e.g. no power available, inability to remove panels, or requirements not to conduct destructive tests).

FIT FOR INTENDED USE:Use which is intended by Survey Purchaser(present or prospective owner).

SERVICEABLE: ADEQUATE:Sufficient for a specific requirement.

POWERS UP:Power was applied only. This does not refer to the operation of any system or component unless specifically indicated.

EXCELLENT CONDITION:New or like new.

GOOD CONDITION:Nearly new, with only minor cosmetic or structural discrepancies noted.

FAIR CONDITION:Denotes that system, component or item is functional as is with minor repairs. (MONITOR OFTEN)

POOR CONDITION:Unusable as is. Requires repairs or replacement of system, component or item to be considered functional.

USE OF *:Use of * in the body of this report will indicate that a finding will be listed in the ''Findings and Recommendations'' section pertaining to the * item.

Page 8: ADVANCED MARINE SURVEYS

III. SYSTEMSHULL DECK AND SUPERSTRUCTURE

5 of 43Sum R Fun surveyed by Advanced Marine Surveys - Kanab, UT 84741

HULL CONSTRUCTIONTYPE:

Semi-Displacement twin pontoon.MATERIAL:

SteelEXTERIOR HULL:

SteelCondition: Average condition for a vessel of this age. Some repairs sighted, all were welded steel. Note: Surveyor DID NOT pressure test pontoons.

BULKHEADS:Pontoon reinforcement is enhanced by interior steel bulkheads bonded to the hull with welded steel.Interior bulkheads were wood paneling over wood frames.Note: Surveyor DID NOT pressure test the pontoons bulkheads.

STRINGERS:Pontoons are reinforced with steel stringers, C channel Condition: Not sighted due to access. In water survey.

TRANSOM:Welded steel

DECK CONSTRUCTIONTYPE:

Steel deck beams with plywood over, secured. OTHER:

Hard top shade awning over forward cockpit. Part of upper deck. Stabilized appears serviceable.DECK FITTINGS

STANCHIONS:Welded steel rail system painted, runs the perimeter of the vessel. Boarding gates are port starboard fore and aft. Condition was serviceable.

BOW PULPIT (BOW RAIL):Steel spray skirting, appears to be in good condition. Some rust sighted at base of skirting.

WALKWAYS AND STAIRWELLS:21" walkways, with stairwell aft.

VENTILATION:Aluminum windows and vinyl and aluminum doors offer proper ventilation.

DECKBOX:Three sighted and in good working order.

PUSHPIT (STERN PULPIT):Aft swim platform and boarding ladder appears serviceable.

Page 9: ADVANCED MARINE SURVEYS

III. SYSTEMSHULL DECK AND SUPERSTRUCTURE

6 of 43Sum R Fun surveyed by Advanced Marine Surveys - Kanab, UT 84741

DECK FITTINGS(continued)DECK SURFACE:

Outdoor carpet lower decks, non skid surface upper decks.Condition: Good

HATCHES:Aluminum Engine and battery cover aft. Storage area fore deck. All open and secure.

GRAB RAIL:Steel hand rails painted, along sides of super structure and others at various locations on vessel. Appears adequate.

LIFE LINES:Boarding gates.

CLEATS:Steel cleats thru bolted.

ANCHOR PLATFORM:Anchors are stored under fore deck.

DAVITS:None sighted

SUPERSTRUCTUREMATERIAL:

Cabin house is wood core with Aluminum siding. Appears to be in good/fair condition.WINDOWS/PORTS/DOORS:

Large opening aluminum windows, large windshield, vinyl sliding glass door fore and aluminum single hung door aft. All appear serviceable.

JOINERY STRESS:Small signs of settling. Average condition for a vessel of this age.

CANVAS AND SUPPORT STRUCTURE:Canvas top with steel frame, well secured.

BRIDGE DECKMATERIAL:

Wood core, with non skid painted surface.TYPE:

SundeckHELM STATION:

There is not a helm station for upper deck.SEATS:

Portable outdoor chairs sighted. BIMINI:

None sighted

Page 10: ADVANCED MARINE SURVEYS

III. SYSTEMSHULL DECK AND SUPERSTRUCTURE

7 of 43Sum R Fun surveyed by Advanced Marine Surveys - Kanab, UT 84741

BRIDGE DECK(continued)WINDSHIELD:

None sightedSAFETY RAIL SYSTEM:

Steel rail and stanchion system surrounds the upper deck. Appears serviceable.OTHER:

Pivoting metal slide appears serviceable. Metal diving platform appears serviceable.

ADDITIONAL EQUIPMENT AND ACCESSORIESGENERAL EQUIPMENT:

Boarding ramp, extra gear, outdoor chairs, sleeping pads, vacuum, tables, coolers, battery charger, extra LPG tanks, cleaning supplies, some tools.

DINGHY/TENDERS:None sighted.

CANVAS AND COVERS:All appear to be in good condition.

FENDERS:Buoys located on vessel are in good condition.

DOCK LINES:Average condition.

CABIN APPOINTMENTSINTERIOR DESCRIPTION:

JOINERY AND FINISH:The joinery and finish work are in average condition for a vessel of this age. Well taken care of.

CABIN BRIGHT WORK:Wood paneling, wood cabinetry and finish work throughout.

INTERIOR BULKHEADS:Some areas are showing small signs of separation. Common on a vessel this age.

WATER INTRUSION SIGNS:None Sighted.

STORAGE AREAS:The cabinets, lockers, drawers, and shelving were ample amount for a vessel of this size.

HEADLINERS:Headliner material appeared to be a light colored acoustic paneling. Appeared serviceable.

DOORWAYS:Newer vinyl sliding door forward, and single hung doors aft.

FABRIC AND CUSHIONS:Fabrics and cushions are in average condition.

Page 11: ADVANCED MARINE SURVEYS

III. SYSTEMSCABIN APPOINTMENTS

8 of 43Sum R Fun surveyed by Advanced Marine Surveys - Kanab, UT 84741

INTERIOR DESCRIPTION:(continued)FLOOR AND WINDOW COVERINGS:

Carpet throughout, tile in galley and linoleum in head. Blinds, all are in good condition.ACCOMMODATIONS:

Two (2) sofas in salon, One (1) double and one single bunks midship port, two (2) single bunks starboard midship. Lots of sleeping pads sighted.

HEADS:One (1) manual flush head with type 3 MSD (Marine sanitation device) midship port side.

SHOWERS:One (1) molded FRP shower enclosure, with glass door, aluminum frame.

FAUCET FIXTURES:Faucet and fixtures on this vessel, were demand pump 12 volt, for all fresh and lake water. Appears serviceable.

LIGHT FIXTURES:12 volt lights throughout the vessel, with newer LED style light sighted.

SALON FURNISHINGS:Two (2) fabric sofas with Four (4) bar stools, entertainment area port, helm station and captains chair to starboard.

VENTILATION:Windows and doors throughout provide adequate ventilation.

CONDITION AND DEFICIENCIES:The overall house keeping for this vessel was average. It reflects the care of a conscientious crew, with good sea keeping skills.

GALLEYLOCATION:

Port midshipSINKS:

Double stainless steel sink in galley, with sperate potable water.REFRIGERATION:

NorcoldModel: NXA841.3Serial #: 21216668

STOVE/OVEN:FrigidaireModel: FFGF3011LWF/ LPGSerial #: VF61302250

MICROWAVE:WhirlpoolModel: MH6600XW-0Serial #: FGX0820181

Page 12: ADVANCED MARINE SURVEYS

III. SYSTEMSCABIN APPOINTMENTS

9 of 43Sum R Fun surveyed by Advanced Marine Surveys - Kanab, UT 84741

GALLEY(continued)ACCESSORIES:

Assorted dishes, pots and pans, and silverware, and small kitchen appliancesFREEZER:

Fros TekModel: 160 LPGSerial #: Not sighted. *B.1Freezer was not mounted to fore deck.

BARBECUE:WeberModel: LPG free standing*C.1Barbecue on fore deck was not mounted at time of survey.

PROPULSIONMAIN ENGINES

TYPE:Two (2) Four stroke outboard engines.

MANUFACTURER:MercuryModel: Not sightedSerial #: Not sighted (In water survey)

LABELS AND NOTICES:Not sighted, in water survey.

HORSE POWER:115 hp eachTotal: 230 HP

NUMBER OF CYLINDERS:Four (4)

INDICATED HOURS:Port hours: 530.5 (As per meter at helm) Starboard hours: 534.9 (As per meter at helm)

THROTTLE CONTROLS:MercuryModel: Mechanical lever/cable type.

FLAME ARRESTOR:USCG approved.

EMERGENCY SHUT DOWN:Keys at helm station

Page 13: ADVANCED MARINE SURVEYS

III. SYSTEMSPROPULSION

10 of 43Sum R Fun surveyed by Advanced Marine Surveys - Kanab, UT 84741

MAIN ENGINES(continued)ENGINE MOUNTS AND BED:

Steel plates welded and painted.DRIP PANS:

None Sighted. Engine fluid and loose debris falls into bilge area.VENTILATION:

Open airBILGE BLOWERS:

None required on this vessel.EXHAUST SYSTEM:

Through outdrives.FUEL TRANSFER (PUMPS):

Vacuum bubble type, USCG approved hose.FUEL SYSTEM

MAIN ENGINE(S) FUEL SYSTEMFUEL TYPE:

Gasoline.MATERIAL:

AluminumNUMBER OF TANKS:

Not sighted, in water survey.TANKS CAPACITY:

Not measured, in water survey.SECURED:

Not sighted, in water survey.FILL PIPE LOCATIONS:

Side decks FILL PIPE GROUNDED:

Appears to be properly grounded.FILL PIPE MATERIAL:

Aluminum welded to tanks.HOSE CONNECTIONS, CLAMPS:

Not all hoses sighted were double clamped.FUEL LINES AND FITTINGS:

Fuel hoses on this vessel are not all labeled Marine Grade or USCG Type.*C.2Some fuel lines on this vessel are not labeled USCG type.

Page 14: ADVANCED MARINE SURVEYS

III. SYSTEMSELECTRICAL SYSTEMS

11 of 43Sum R Fun surveyed by Advanced Marine Surveys - Kanab, UT 84741

ELECTRICAL SYSTEM (D.C. SYSTEM)VOLTAGE:

12 voltBATTERIES:

Twelve volt acid batteries are not secured. Not in acid proof containment. Positive posts were covered. *C.3Acid batteries were not secured in acid proof containment.

BANKS:One (1) bank of 6 Interstate batteries in parallel, for house. Separate starting batteries.

MAIN BATTERY SWITCHES:No battery switches were sighted for the house batteries.*C.4No battery switches were sighted for the house batteries.

PANEL:Overcurrent Protection: Fuses and circuit breakers.

BREAKERS/FUSES:Eight (8) individual switches sighted at main electrical panel. Breakers and fuses sighted in engine compartment, and main helm. All appear serviceable.

TYPE CONNECTORS:Not all connectors on this vessel are round Lugs, or captive spade type.*C.5Not all connectors on this vessel are round Lugs, or captive spade type. Wire nuts sighted.

ROUTING/SUPPORT:Not all wiring on this vessel was secured.*C.6Not all wiring on this vessel was secured at time of survey.

CHARGING SYSTEM:Alternators on main engines.

CHARGING SYSTEM (BATTERY CHARGER):Portable style sighted.

CHARGING SYSTEM (ALTERNATOR):Number: Two (2) marine grade

OUTLETS:12 Volt outlets were of cigarette socket type. Appeared serviceable.

ELECTRICAL SYSTEM (A.C. SYSTEM)SHORE POWER INLET:

30 amp 125 volt. Weather protected

Page 15: ADVANCED MARINE SURVEYS

III. SYSTEMSELECTRICAL SYSTEMS

12 of 43Sum R Fun surveyed by Advanced Marine Surveys - Kanab, UT 84741

ELECTRICAL SYSTEM (A.C. SYSTEM)(continued)SHORE POWER:

Shore power cord sighted, locking cap in place.AC SOURCE SELECTOR SWITCH:

None sightedMAIN BREAKER:

On generatorBRANCH BREAKERS:

Eight (8) individually switched branch breakers. Location: Main A.C. panel.

CIRCUIT LOAD MONITORS:None sighted

CONNECTIONS (TYPE):Not all connectors on this vessel are round Lugs, or captive spade type as noted in findings section of this report.

WIRE TYPE (SIZE AND RATING):Some wiring sighted was not labeled MARINE GRADE or BOAT WIRING*C.7Some wiring sighted was not labeled MARINE GRADE or BOAT WIRING

OUTLETS:Various A.C. outlets available throughout houseboat, appear adequate and conveniently located. GFCI (ground fault circuit interrupter) do not appear to be located in all recommended locations.*C.8GFCI (ground fault circuit interrupter) do not appear to be located in all recommended locations.

POLARITY:No power to test

GENERATORS AND INVERTERSTYPE:

Generator driven by gasoline powered internal combustion engine,MANUFACTURER:

HondaModel: EU7000is Fuel Injected. Serial #: 786102004732

FUEL TYPE:Gasoline powered.

KILOWATT RATING:7.0 kw.

VOLTAGE RATING:120 AC.

Page 16: ADVANCED MARINE SURVEYS

III. SYSTEMSELECTRICAL SYSTEMS

13 of 43Sum R Fun surveyed by Advanced Marine Surveys - Kanab, UT 84741

GENERATORS AND INVERTERS(continued)INDICATED HOURS:

No hour meters sightedLOCATION:

PortableFLUID LEVELS:

Not Checked.COOLING SYSTEM:

Closed coolant/air cooledFUEL SUPPLY:

Intragal fuel tankFUEL FILTER:

In lineLUBRICATION SYSTEM:

Spin on/off type filter.EXHAUST SYSTEM:

The exhaust system for the generator is in an area where CARBON MONOXIDE should always be taken into consideration, whenever running the generator.Always close doors and windows on the vessel. Be aware of anyone swimming.*C.9The exhaust system for the generator can be put in areas where CARBON MONOXIDE should always be taken into consideration, whenever running the generator.Always close doors and windows on the vessel. Be aware of anyone swimming.

FLAME ARRESTOR:None sighted

ACCESSIBILITY:Portable

WARNING LABELS:Warning labels were sighted, but not in all recommended locations of the vessel.*C.10Carbon Monoxide warning labels were not mounted in all recommended areas of the vessel.

IGNITION PROTECTION:Not in an area requiring ignition protection.

DC/AC INVERTER:Heart InterfaceModel: 2500 watt

LOCATION & VENTILATION:Aft closet starboard.

Page 17: ADVANCED MARINE SURVEYS

III. SYSTEMSELECTRICAL SYSTEMS

14 of 43Sum R Fun surveyed by Advanced Marine Surveys - Kanab, UT 84741

GENERATORS AND INVERTERS(continued)NOTE:

Whenever using a portable type generator on any vessel for A/C power, be sure to ground the generator to the vessels bonding system to avoid stray current from eating away at you tanks, and lower units. Also be aware of any swimmers. This could put stray current into the water around the vessel and can cause shock or death to swimmers.*C.11Whenever using a portable type generator on any vessel for A/C power, be sure to ground the generator to the vessels bonding system to avoid stray current from eating away zincs anodes and your aluminum fuel and black water tanks, and lower units. Also be aware of any swimmers. This could put stray current into the water around the vessel and can cause shock or death to swimmers.

FRESH WATER SYSTEMFRESH WATER SYSTEM: (POTABLE WATER)

STORAGE TANKS:Not sighted, in water survey.

CAPACITY:Not determined, in water survey.

MATERIAL:Not sighted, in water survey.

ACCUMULATOR TANK:None Sighted.

PUMPS:Lake and fresh water pumps are 12 volt diaphragm type. All appear serviceable.

HOSES AND CLAMPS:Reinforced plastic hoses. Plastic fittings.

DOCK SIDE PRESSURE REGULATOR:None Sighted.

FRESH WATER SYSTEM (HOT WATER SYSTEM)TYPE:

LPG (Liquid Petroleum Gas)MANUFACTURER:

SuburbanModel: SW6D

CAPACITY:6 gallons.

PRESSURE RELIEF VALVE:Copper pressure relief valve built into tank.

Page 18: ADVANCED MARINE SURVEYS

III. SYSTEMSFRESH WATER SYSTEM

15 of 43Sum R Fun surveyed by Advanced Marine Surveys - Kanab, UT 84741

FRESH WATER SYSTEM (HOT WATER SYSTEM)(continued)IGNITION PROTECTION:

In an area not requiring ignition protection.NOTE:

The water heater is in a closet that is also being used for storage. *C.12The locker containing the water heater is also being used as a storage area. Items were sitting on top of water heater at time of survey. Inverter is also located in the same area.

FRESH WATER SYSTEM (WATER MAKING SYSTEM)TYPE:

None sightedSANITATION

SANITATION (BLACK WATER)MANUAL OR ELECTRIC TYPE:

ManualNUMBER OF HEADS:

One (1)LOCATION OF HEADS:

One (1) port aftM.S.D TYPE USCG SYSTEM:

Certification Type: MSD U.S.C.G. Type III. (Holding tank)RAW WATER SUPPLY AND CLAMPS:

Appears serviceable where sighted.DISCHARGE HOSES AND CLAMPS:

In water survey, not sightedPUMP-OUT LOCATION:

Side of cabin clearly markedMACERATOR:

None sighted.HOLDING TANK:

Not sighted. In water surveyCAPACITIES:

In water survey, not measured. SANITATION (GREY WATER)

BASINS, SHOWERS, HOSES AND CLAMPS:The basins and showers on this vessel drain overboard in the near vicinity of the specific basin or shower pan. No sump collection sighted.

Page 19: ADVANCED MARINE SURVEYS

III. SYSTEMSSTEERING SYSTEM

16 of 43Sum R Fun surveyed by Advanced Marine Surveys - Kanab, UT 84741

STEERING SYSTEMTYPE:

HydraulicMANUFACTURER:

Teleflex Model: Sea Star

NUMBER OF STATIONS:One (1) main helm

LINES AND FITTINGS:Copper lines with copper fittings. Reinforced flexible hose, with metallic fittings. Appears serviceable.

PRESSURE/RESERVOIR TANK READING:None sighted.

GROUND TACKLEGROUND TACKLE

ANCHORS:Danforth style Size: Approximately 25 to 30 lbs each An ample amount of anchors for a vessel of this size.

RODE MATERIAL:Various lines sighted, are in good condition, with an ample amount for a vessel of this size.

LINE:Remember that Lake Powell can turn nasty in minutes. Micro Bursts occur often in the summer time with no warning. Always anchor good use spikes for sand, and have a plan with the crew onboard for storms and emergencies, with extra gear at the ready!

WINDLASS:None Sighted.

ELECTRONICS AND NAVIGATION EQUIPMENTELECTRONICS AND NAVIGATION EQUIPMENT

VHF:LowranceModel: LVR-850, 12 volt mounted.

GPS:None sighted

SPEED LOG:None Sighted.

DEPTH SOUNDER:None sighted

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III. SYSTEMSELECTRONICS AND NAVIGATION EQUIPMENT

17 of 43Sum R Fun surveyed by Advanced Marine Surveys - Kanab, UT 84741

ELECTRONICS AND NAVIGATION EQUIPMENT(continued)FISH FINDER:

None Sighted.COMPASSES:

None sightedSHIPS CLOCK:

Appears serviceable.BURGLAR ALARM:

None Sighted.ELECTRONICS (ENTERTAINMENT)

STEREO SYSTEM:KenwoodModel: KDCX597, 12 volt mounted.

SPEAKERS:Yamaha and Realistic speakers sighted throughout vessel appear serviceable. All were mounted.

TELEVISION(S):VizioModel: Not sighted due to mounting. Measures 32"

DVD:SonyModel: 110 volt Blu Ray single DVD/CD

BONDING SYSTEMBONDING SYSTEM

MAIN BONDING CONDUCTOR:The bonding system appears to be in order and appears serviceable where sighted A separate bonding survey was not performed and surveyor did not use a corrosion meter to establish a level of protection.If a more detailed analysis is required, the surveyor recommends a complete separate bonding system survey.

SAFETY EQUIPMENTSAFETY EQUIPMENT (UNITED STATES COAST GUARD)

NUMBER AND TYPE OF PFD'S:An adequate amount of USCG type adult and children's vests were sighted, in an area approved for disbursement.

NUMBER OF THROWABLE PFD'S:One (1) Type IV-U.S.C.G. approved throwable device.

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III. SYSTEMSSAFETY EQUIPMENT

18 of 43Sum R Fun surveyed by Advanced Marine Surveys - Kanab, UT 84741

SAFETY EQUIPMENT (UNITED STATES COAST GUARD)(continued)FIRE EXTINGUISHERS:

Three (3) ABC dry chemical with gauges sighted. Note: None of the fire extinguishers sighted had current dates or current tags.*A.1Not enough fire extinguishers onboard for a vessel this size and not properly inspected and tagged. (2011)

VISUAL DISTRESS SIGNALS:None sighted

SOUND DEVICES:Bell: Yes, operable.

POWER EXHAUST BLOWERS:None required on this vessel.

NAVIGATION LIGHTS:Not checked. Put on list of items to check before vessel is underway. Check: Sidelights All-round lights, Stern light, and Anchor lights to be sure they are all operable before driving 30 minutes before dusk.

INLAND NAVIGATION RULE BOOK (12M-39'4" OR LONGER):Inland navigational rules were not sighted at helm station.*C.13Inland navigational rules were not sighted at helm station.

"NO OIL DISCHARGE" PLAQUE:No oil discharge placard sighted in engine spaces.*C.14No oil discharge placard sighted in engine spaces.

TRASH DISPOSAL PLACARD:Not found *C.15The trash disposal placard was not properly displayed in the galley.

AUXILIARY SAFETY EQUIPMENTLIFE RAFT:

None sightedSMOKE DETECTOR:

None Sighted. Highly recommended.*C.16Smoke alarms are always recommended by the surveyor.

SEARCH LIGHT:Flood lights

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III. SYSTEMSSAFETY EQUIPMENT

19 of 43Sum R Fun surveyed by Advanced Marine Surveys - Kanab, UT 84741

AUXILIARY SAFETY EQUIPMENT(continued)FIRST AID KIT:

Surveyor always recommends fist aid kits. Always check dates on items in kit to be sure everything is current and will work in case of emergencies.

FUME SNIFFER ALARM SYSTEMS:Carbon monoxide fume detectors are highly recommended.*B.2Smoke and CO detectors are highly recommended by the surveyor.

BILGE PUMPSLIST:

None required on this vessel.AIR CONDITIONING AND HEAT (AIR CONDITIONING)

AIR CONDITIONING AND HEAT (AIR CONDITIONING)TYPE:

Evaporative air coolerMANUFACTURER:

Not sightedNUMBER OF UNITS:

One (1)LOCATION:

Upper deckAIR CONDITIONING AND HEAT (HEAT)

TYPE:Forced air

MANUFACTURER:Atwood Model: Hydro Flame

NUMBER OF UNITS:One (1)

VENTILATION:Cowl vents and dorads as provide natural ventilation.

HOSES, CLAMPS AND CONNECTORS:Appears serviceable where sighted.

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III. SYSTEMSLIQUIFIED PETROLEUM GAS SYSTEM (LPG)

20 of 43Sum R Fun surveyed by Advanced Marine Surveys - Kanab, UT 84741

LIQUIFIED PETROLEUM GAS SYSTEM (LPG)TYPE:

LPG. (Liquid Petroleum Gas)LOCATION:

Aft deck and fire deck. MOUNTING:

Appears serviceable.REGULATOR:

Appears serviceableVENTILATION:

Open airSHUT-OFFS:

At tanksLINES AND FITTINGS:

Seamless copper and flex line copper fittings

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IV. FINDINGS AND RECOMMENDATIONS

21 of 43Sum R Fun surveyed by Advanced Marine Surveys - Kanab, UT 84741

Deficiencies noted under ''SAFETY'' should be addressed before vessel is next underway. These findings represent an endangerment to personnel and/or the vessel's safe and proper operating condition. Findings may also be in violation of U.S.C.G. regulations.Deficiencies noted under ''OTHER DEFICIENCIES'' should be corrected in the near future so as to maintain standards and to help the vessel to retain it's value.Deficiencies will be listed under the appropriate heading: A. SAFETY DEFICIENCIES B. OTHER DEFICIENCIES NEEDING ATTENTION

C. SURVEYORS NOTES AND OBSERVATIONSA. SAFETY DEFICIENCIES:

A.1 (PAGE 18) FIRE EXTINGUISHERS:Three (3) ABC dry chemical with gauges sighted. Note: None of the fire extinguishers sighted had current dates or current tags.

FINDINGS RECOMMENDATIONSNot enough fire extinguishers onboard for a vessel this size and not properly inspected and tagged. (2011)

Investigate further and supply a fire extinguisher on the fore deck, near the salon, the galley, and on the aft deck.The use of dry chemical stored fire extinguishers should have a full maintenance check by a qualified service facility ONCE A YEAR. and be tagged with the proper tag and date.USCG: CFR 25-30-10(g)(1)Comply with USCG and NFPA recommended standards for fire protection.

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IV. FINDINGS AND RECOMMENDATIONS

22 of 43Sum R Fun surveyed by Advanced Marine Surveys - Kanab, UT 84741

B. OTHER DEFICIENCIES NEEDING ATTENTION:B.1 (PAGE 9) FREEZER:Fros TekModel: 160 LPGSerial #: Not sighted.

FINDINGS RECOMMENDATIONSFreezer was not mounted to fore deck. All appliances and equipment designed for

permanent installation, shall be securely mounted to the vessels structure.ABYC: E-8.15.12Investigate further and mount freezer to withhold large waves during storms and micro bursts.

B.2 (PAGE 19) FUME SNIFFER ALARM SYSTEMS:Carbon monoxide fume detectors are highly recommended.

FINDINGS RECOMMENDATIONSSmoke and CO detectors are highly recommended by the surveyor.

All vessels 26 feet or more with accommodation spaces used for sleeping, shall be equipped with a single station smoke alarm that is listed to UL217 for recreational vehicles, and is installed and maintained according to the devices manufacturing instructions. NFPA 302 (12.3)A Carbon Monoxide detection system shall be installed in all boats with enclosed accommodations.ABYC: A24.7.1Detectors shall be located to monitor the atmosphere in the main cabin, and each sleeping areaABYC: A24.7.2Further investigate and supply CO detectors and smoke alarms. Mount smoke detectors High, and CO detectors about half way up wall.

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IV. FINDINGS AND RECOMMENDATIONS

23 of 43Sum R Fun surveyed by Advanced Marine Surveys - Kanab, UT 84741

C. SURVEYOR'S NOTES AND OBSERVATIONS:C.1 (PAGE 9) BARBECUE:WeberModel: LPG free standing

FINDINGS RECOMMENDATIONSBarbecue on fore deck was not mounted at time of survey.

Always secure appliances and LPG tanks to stanchions to avoid it from tipping over before vessel is underway, to withstand large waves during micro bursts.

C.2 (PAGE 10) FUEL LINES AND FITTINGS:Fuel hoses on this vessel are not all labeled Marine Grade or USCG Type.

FINDINGS RECOMMENDATIONSSome fuel lines on this vessel are not labeled USCG type.

With Ethanol in today's fuel on the docks, keep an eye on the hose and pump gaskets to avoid any deterioration of the hoses. Investigate further, and replace fuel lines as necessary. It is recommended to replace fuel lines every 10 years. Flexible hoses shall be USCG Type A-1, or B-2.ABYC: H-24.12.6.1Hoses shall comply with requirements for Marine Grade Fuel Hose.ABYC: H-24.6.1Hoses shall be marked on the outermost cover with the manufactures name, year, and labeled USCG or Marine Fuel HoseABYC: H-24.6.2

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IV. FINDINGS AND RECOMMENDATIONS

24 of 43Sum R Fun surveyed by Advanced Marine Surveys - Kanab, UT 84741

C. SURVEYOR'S NOTES AND OBSERVATIONS:C.3 (PAGE 11) BATTERIES:Twelve volt acid batteries are not secured. Not in acid proof containment. Positive posts were covered.

FINDINGS RECOMMENDATIONSAcid batteries were not secured in acid proof containment.

Each installed battery shall not move more than one inch in any direction, when a pulling force of 90lb or twice the batteries weight, whichever is less, is applied to the battery.ABYC: E10.7.4USCG: 33CFR183.420Provisions shall be made to contain leakage, and spillage of battery acidABYC: E10.7.2Conductors shall be supported in there lengths at least every Eighteen (18) inches.ABYC: E11.16.4.1.10Investigate further, and repair as necessary.

C.4 (PAGE 11) MAIN BATTERY SWITCHES:No battery switches were sighted for the house batteries.

FINDINGS RECOMMENDATIONSNo battery switches were sighted for the house batteries.

A battery switch shall be installed in the positive conductors from each battery or bank of batteries with a CCA rating greater than 800 AmperesABYC: E-11.7.1.2.1Batteries in series for house should have a main marine grade type switch, located at source.

C.5 (PAGE 11) TYPE CONNECTORS:Not all connectors on this vessel are round Lugs, or captive spade type.

FINDINGS RECOMMENDATIONSNot all connectors on this vessel are round Lugs, or captive spade type. Wire nuts sighted.

Connections for electrical systems shall be of the ring or captive spade typeABYC: E11.14.5.4Twist on connectors, wire nuts, shall not be usedABYC: E11.14.5.6The shanks or terminals shall be protected against accidental shorting by the use of insulated barriers or sleeves except for grounding systems.ABYC: E11.14.5.9

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IV. FINDINGS AND RECOMMENDATIONS

25 of 43Sum R Fun surveyed by Advanced Marine Surveys - Kanab, UT 84741

C. SURVEYOR'S NOTES AND OBSERVATIONS:C.6 (PAGE 11) ROUTING/SUPPORT:Not all wiring on this vessel was secured.

FINDINGS RECOMMENDATIONSNot all wiring on this vessel was secured at time of survey.

Vessels wiring should be secured every eighteen inches. Clips and straps should all be chafe protected.

C.7 (PAGE 12) WIRE TYPE (SIZE AND RATING):Some wiring sighted was not labeled MARINE GRADE or BOAT WIRING

FINDINGS RECOMMENDATIONSSome wiring sighted was not labeled MARINE GRADE or BOAT WIRING

Flexible electrical cord shall conform with the National Electric Code, and shall be selected from the types listed MARINE GRADE or BOAT WIRING, and shall be marked as suchABYC: E-11.14.2.3When A/C and D/C conductors are run together, the A/C shall be sheathed, bundled, or otherwise kept separate fromD/C conductors.ABYC: E-11.16.4.1.5Each conductor must be insulated stranded copper wiringUSCG 33CFR: 183.425Wiring appears serviceable, but should always be on the vessels check list to avoid any dangerous situations.

C.8 (PAGE 12) OUTLETS:Various A.C. outlets available throughout houseboat, appear adequate and conveniently located. GFCI (ground fault circuit interrupter) do not appear to be located in all recommended locations.

FINDINGS RECOMMENDATIONSGFCI (ground fault circuit interrupter) do not appear to be located in all recommended locations.

GFCI type outlets are recommended in the galley, and heads, and all weather decks, and engine compartments.

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IV. FINDINGS AND RECOMMENDATIONS

26 of 43Sum R Fun surveyed by Advanced Marine Surveys - Kanab, UT 84741

C. SURVEYOR'S NOTES AND OBSERVATIONS:C.9 (PAGE 13) EXHAUST SYSTEM:The exhaust system for the generator is in an area where CARBON MONOXIDE should always be taken into consideration, whenever running the generator.Always close doors and windows on the vessel. Be aware of anyone swimming.

FINDINGS RECOMMENDATIONSThe exhaust system for the generator can be put in areas where CARBON MONOXIDE should always be taken into consideration, whenever running the generator.Always close doors and windows on the vessel. Be aware of anyone swimming.

Put this on the vessels check in list to always prepare people for the dangers of CARBON MONOXIDE.Always check CO detectors at check in as well.

C.10 (PAGE 13) WARNING LABELS:Warning labels were sighted, but not in all recommended locations of the vessel.

FINDINGS RECOMMENDATIONSCarbon Monoxide warning labels were not mounted in all recommended areas of the vessel.

Post warning labels for dangers of CARBON MONOXIDE, at all areas where generator is used. Swim decks, shut all doors and windows while generator is running. No one should swim while generator is running in case of stray current. This could cause death to swimmers.

C.11 (PAGE 14) NOTE:Whenever using a portable type generator on any vessel for A/C power, be sure to ground the generator to the vessels bonding system to avoid stray current from eating away at you tanks, and lower units. Also be aware of any swimmers. This could put stray current into the water around the vessel and can cause shock or death to swimmers.

FINDINGS RECOMMENDATIONSWhenever using a portable type generator on any vessel for A/C power, be sure to ground the generator to the vessels bonding system to avoid stray current from eating away zincs anodes and your aluminum fuel and black water tanks, and lower units. Also be aware of any swimmers. This could put stray current into the water around the vessel and can cause shock or death to swimmers.

Bond the portable generator to the vessels grounding system or to the shore to avoid stray current. No swimming while generator is running !

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IV. FINDINGS AND RECOMMENDATIONS

27 of 43Sum R Fun surveyed by Advanced Marine Surveys - Kanab, UT 84741

C. SURVEYOR'S NOTES AND OBSERVATIONS:C.12 (PAGE 15) NOTE:The water heater is in a closet that is also being used for storage.

FINDINGS RECOMMENDATIONSThe locker containing the water heater is also being used as a storage area. Items were sitting on top of water heater at time of survey. Inverter is also located in the same area.

Remove all items around the water heater on this vessel. Water heaters should be in a separate area not being used as storage.

C.13 (PAGE 18) INLAND NAVIGATION RULE BOOK (12M-39'4" OR LONGER):Inland navigational rules were not sighted at helm station.

FINDINGS RECOMMENDATIONSInland navigational rules were not sighted at helm station.

Self propelled vessels over 39' are required to carry onboard, and maintain for ready reference, a copy of the inland navigational rules.USCG 33USC 2072

C.14 (PAGE 18) "NO OIL DISCHARGE" PLAQUE:No oil discharge placard sighted in engine spaces.

FINDINGS RECOMMENDATIONSNo oil discharge placard sighted in engine spaces.

All vessels 26 feet and over shall provide "No Discharge Of Oil" placard at least 5"x 8" made of durable plastic fixed in a conspicuous place in each machinery space, or at bilge and ballast pump control stations.USCG: CFR 155.450

C.15 (PAGE 18) TRASH DISPOSAL PLACARD:Not found

FINDINGS RECOMMENDATIONSThe trash disposal placard was not properly displayed in the galley.

All vessels 26 feet or over shall display a trash placard at least 9" x 4" made of durable plastic, and mounted in or near galleyUSCG: CFR 151.59(c)

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IV. FINDINGS AND RECOMMENDATIONS

28 of 43Sum R Fun surveyed by Advanced Marine Surveys - Kanab, UT 84741

C. SURVEYOR'S NOTES AND OBSERVATIONS:C.16 (PAGE 18) SMOKE DETECTOR:None Sighted. Highly recommended.

FINDINGS RECOMMENDATIONSSmoke alarms are always recommended by the surveyor.

All vessels 26 feet or more with accommodation spaces used for sleeping, shall be equipped with a single station smoke alarm that is listed to UL217 for recreational vehicles, and is installed and maintained according to the devices manufacturing instructions. NFPA 302 (12.3)

NOTE: It is recommended that all below the water line thru-hulls have a proper sized wooden plug attached to function as emergency plugging device.

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V. SUMMARY AND VALUATION

29 of 43Sum R Fun surveyed by Advanced Marine Surveys - Kanab, UT 84741

STATEMENT OF OVERALL VESSEL RATING OF CONDITION:It is the surveyor's experience that develops an opinion of the OVERALL VESSEL RATING OF CONDITION After a the survey has been completed and the findings have been organized in a logical manner.The grading of condition, developed by BUC RESEARCH, and accepted in the marine industry, for a vessel at the time of survey, determines the adjustment to the range of base values in the BUC USED BOAT PRICE GUIDE, for a similar vessel sold within a given time period, as a consideration to determine the Market Value.The following is the accepted marine grading system of condition:

''EXCELLENT (BRISTOL) CONDITION'', is a vessel that is maintained in mint or bristol fashion - usually better than factory new - loaded with extras - a rarity.

''ABOVE AVERAGE CONDITION'', has had above average care and is equipped with extra electrical and electronic gear.''AVERAGE CONDITION'', ready for sale requiring no additional work and normally equipped for her size.''FAIR CONDITION'', requires usual maintenance to prepare for sale.''POOR CONDITION'', substantial yard work required and devoid of extras.''RESTORABLE CONDITION'', enough of hull and engine exists to restore the boat to usable condition.

As a result of my investigation, as shown in the SYSTEMS AND FINDINGS AND RECOMMENDATIONS section of this REPORT OF SURVEY, and by virtue of my experience, my opinion isOVERALL VESSEL RATING:

AVERAGE

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V. SUMMARY AND VALUATION

30 of 43Sum R Fun surveyed by Advanced Marine Surveys - Kanab, UT 84741

STATEMENT OF VALUATION:1. The ''FAIR MARKET VALUE'' is the most probable price in terms of money which a vessel should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue stimulus.Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby:

a. Buyer and seller are typically motivated.b. Both parties are well informed or well advised, and each acting in what they consider their own best interest.c. A reasonable time is allowed for exposure in the open market.d. Payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; ande. The price represents a normal consideration for the vessel sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale.f. The Market Value is determined by using web sights available to Marine Surveyors. These sights have vessels that have been sold in the last three years throughout the nation, and show the actual prices the vessels were sold for. The surveyor then takes all vessels of the same brand, model, with similar engine sizes , generators, and floor plans, and combines these prices together. The surveyor then looks at BUC books and NADA books and any information from older Marine Surveys, to check for pricing on the same vessel and will add the values with the web page information. These numbers are divided by the number of comparable's listed on the web pages to determine a National Market value. This information is put into a program to help add any extra items, newer equipment and all improvements listed from the owners notes to add percentages to the National Market Value.Therefore, after consideration of the reliability of the data, the extent of the necessary adjustments and condition of the vessel, it is your surveyor's opinion that the ''FAIR MARKET VALUE'' of the subject vessel is:

$75,800.00Seventy Five Thousand Eight Hundred Dollars and Zero cents

2. The ''ESTIMATED REPLACEMENT COST'' indicates the retail cost of a new vessel of the same make/model with similar equipment offered by the same manufacturer. ''ESTIMATED REPLACEMENT COST'' of the subject vessel is:

$250,000.00Two Hundred Fifty Thousand Dollars and Zero cents

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V. SUMMARY AND VALUATION

31 of 43Sum R Fun surveyed by Advanced Marine Surveys - Kanab, UT 84741

SUMMARY:In accordance with the request for a marine survey of the Sum R Fun, for the purpose of evaluating its present condition and estimating its Fair Market Value and Replacement Cost, Surveyor herewith submit the conclusion based on the preceding report. The subject vessel was personally inspected by the undersigned on and was found to be a well constructed, appointed and comfortable vessel. The vessel is very capably captained and well-kept. Subject to correction of deficiencies listed in section IV A. (Safety), the vessel is considered to be suitable for its intended use. Other deficiencies list should be attended to in a timely fashion.

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V. SUMMARY AND VALUATION

32 of 43Sum R Fun surveyed by Advanced Marine Surveys - Kanab, UT 84741

SURVEYOR'S CERTIFICATION:I certify that, to the best of my knowledge and belief:

The statements of fact contained in this report are true and correct.The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and are my personal, unbiased professional analyses, opinions, and conclusions.I have no present or prospective interest in the vessel that is the subject of this report, and I have no personal interest or bias with respect to the parties involved.My compensation is not contingent upon the reporting of a predetermined value or direction in value or direction in value that favors the cause of the client, the amount of the value estimate, the attainment of a stipulate result, or the occurrence of a subsequent event.I have made a personal inspection of the vessel that is the subject of this report.

This report is submitted without prejudice and for the benefit of whom it may concern.ATTENDING SURVEYOR:

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