APPRAISAL OF REAL PROPERTY LOCATED AT: FOR: AS OF: BY · 2016. 5. 13. · LOCATED AT: FOR: AS OF: BY: Form GA6 — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODE

LOCATED AT:

FOR:

AS OF:

BY:

Form GA6 — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODE

1614 NW 11th Pl

Fort Lauderdale, FL 33311

Academy Mortgage1220 E. 7800 South S

Sandy, UT 84094-7224

05/04/2016

CRISTIAN M. VLADCERT RES RD1121

APPRAISAL OF REAL PROPERTY

Form GA6 — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODE

1614 NW 11th Pl

Fort Lauderdale, FL 33311

Academy Mortgage1220 E. 7800 South S

Sandy, UT 84094-7224

05/04/2016

CRISTIAN M. VLADCERT RES RD1121

APPRAISAL OF REAL PROPERTY

LOCATED AT:

FOR:

AS OF:

BY:

Page #2Main File No. 095-3795332

USPAP ADDENDUM File No.BorrowerProperty AddressCity County State Zip CodeLender

This report was prepared under the following USPAP reporting option:Appraisal Report This report was prepared in accordance with USPAP Standards Rule 2-2(a).

Restricted Appraisal Report This report was prepared in accordance with USPAP Standards Rule 2-2(b).

Reasonable Exposure TimeMy opinion of a reasonable exposure time for the subject property at the market value stated in this report is:

Additional CertificationsI certify that, to the best of my knowledge and belief:

I have NOT performed services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within thethree-year period immediately preceding acceptance of this assignment.

I HAVE performed services, as an appraiser or in another capacity, regarding the property that is the subject of this report within the three-yearperiod immediately preceding acceptance of this assignment. Those services are described in the comments below.

Additional Comments

APPRAISER:

Signature:Name:Date Signed:State Certification #:or State License #:State:Expiration Date of Certification or License:Effective Date of Appraisal:

SUPERVISORY APPRAISER: (only if required)

Signature:Name:Date Signed:State Certification #:or State License #:State:Expiration Date of Certification or License:Supervisory Appraiser Inspection of Subject Property:

Did Not Exterior-only from Street Interior and Exterior

16042905095-3795332

Rosa M Gonzalez1614 NW 11th PlFort Lauderdale Broward FL 33311Academy Mortgage

3 TO 6 MONTHS

— 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, impartial, and unbiasedprofessional analyses, opinions, and conclusions.— Unless otherwise indicated, I have no present or prospective interest in the property that is the subject of this report and no personal interest with respect to the partiesinvolved.— I have no bias with respect to the property that is the subject of this report or the parties involved with this assignment.— My engagement in this assignment was not contingent upon developing or reporting predetermined results.— My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause ofthe client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal.— My analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice thatwere in effect at the time this report was prepared.— Unless otherwise indicated, I have made a personal inspection of the property that is the subject of this report.— ALEJANDRO VILLALOBOS CERT RES RD7080 has provided significant real property appraisal assistance to the person(s) signing this certification (if there are exceptions, thename of each individual providing significant real property appraisal assistance is stated elsewhere in this report).

CRISTIAN M. VLAD05/10/2016

CERT RES RD1121

FL11/30/2016

05/04/2016

Form ID14AP — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODE

16042905095-3795332


3 TO 6 MONTHS

— 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, impartial, and unbiasedprofessional analyses, opinions, and conclusions.— Unless otherwise indicated, I have no present or prospective interest in the property that is the subject of this report and no personal interest with respect to the partiesinvolved.— I have no bias with respect to the property that is the subject of this report or the parties involved with this assignment.— My engagement in this assignment was not contingent upon developing or reporting predetermined results.— My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause ofthe client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal.— My analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice thatwere in effect at the time this report was prepared.— Unless otherwise indicated, I have made a personal inspection of the property that is the subject of this report.— ALEJANDRO VILLALOBOS CERT RES RD7080 has provided significant real property appraisal assistance to the person(s) signing this certification (if there are exceptions, thename of each individual providing significant real property appraisal assistance is stated elsewhere in this report).

CRISTIAN M. VLAD05/10/2016

CERT RES RD1121

FL11/30/2016

05/04/2016

Form ID14AP — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODE

USPAP ADDENDUM File No.BorrowerProperty AddressCity County State Zip CodeLender

This report was prepared under the following USPAP reporting option:Appraisal Report This report was prepared in accordance with USPAP Standards Rule 2-2(a).

Restricted Appraisal Report This report was prepared in accordance with USPAP Standards Rule 2-2(b).

Reasonable Exposure TimeMy opinion of a reasonable exposure time for the subject property at the market value stated in this report is:

Additional CertificationsI certify that, to the best of my knowledge and belief:

I have NOT performed services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within thethree-year period immediately preceding acceptance of this assignment.

I HAVE performed services, as an appraiser or in another capacity, regarding the property that is the subject of this report within the three-yearperiod immediately preceding acceptance of this assignment. Those services are described in the comments below.

Additional Comments

APPRAISER:

Signature:Name:Date Signed:State Certification #:or State License #:State:Expiration Date of Certification or License:Effective Date of Appraisal:

SUPERVISORY APPRAISER: (only if required)

Signature:Name:Date Signed:State Certification #:or State License #:State:Expiration Date of Certification or License:Supervisory Appraiser Inspection of Subject Property:

Did Not Exterior-only from Street Interior and Exterior


FIRREA / USPAP ADDENDUM

Property AddressCity County State Zip Code

Purpose

Scope

Intended Use / Intended User

History of PropertyCurrent listing information:

Prior sale:

Exposure Time / Marketing Time

Personal (non-realty) Transfers

Additional Comments

Certification Supplement1. This appraisal assignment was not based on a requested minimum valuation, a specific valuation, or an approval of a loan.2. My compensation is not contingent upon the reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value

estimate, the attainment of a stipulated result or the occurrence of a subsequent event.

Appraiser(s):Effective date / Report date:

Supervisory Appraiser(s):Effective date / Report date:

Form FUA2 — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODE

Alpha One Real Estate Services, LLC (954) 925-7894


THIS APPRAISAL REPORT IS INTENDED FOR USE BY THE LENDER/CLIENT AND FHA/HUD FOR A MORTGAGE FINANCE TRANSACTION ONLY. THISREPORT IS NOT INTENDED FOR ANY OTHER PURPOSE.

THE SCOPE OF THIS APPRAISAL REPORT IS THE FORMATION OF THE MOST CURRENT APPLICABLE DATA IN RELATION TO THE PROPERTY ANDTHE DEVELOPMENT OF THE MARKET VALUE ESTIMATE. THE VERIFIED, COLLECTED DATA IS PROCESSED THROUGH THE THREE BASIC APPRAISALMETHODS, USING THE COST APPROACH, SALES COMPARISON ANALYSIS, AND THE INCOME APPROACH, WHERE APPLICABLE. THE SELECTEDCOMPARABLE PROPERTIES ARE ADJUSTED TO THE SUBJECT PROPERTY WHERE MARKET INDICATED DIFFERENCES EXIST, USING ACCEPTEDAPPRAISAL TECHNIQUES. THE ADJUSTED COMPARABLE DATA IS SHOWN IN THIS APPRAISAL AND IS USED AS THE PRIMARY BASIS FOR THEESTIMATED MARKET VALUE OF THE SUBJECT PROPERTY.

The intended use of the appraisal is solely to assist FHA in assessing the risk of the Property securing the FHA-insured Mortgage (24 CFR § 200.145(b)).FHA and the Mortgagee are the intended users of the appraisal report. The FHA Appraiser does not guarantee that the Property is free from defects. The appraisalestablishes the value of the Property for mortgage insurance purposes only.

MLS# A10056742 - $129,900. THE SUBJECT IS CURRENTLY UNDER CONTRACT FOR SALE.

03/09/2016 $78,000 WARRANTY DEED

THE MARKETING TIME OF THE SUBJECT PROPERTY HAS BEEN ESTIMATED VIA AN ANALYSIS OF SALES FROM THE MULTIPLE LISTING SERVICEFOR THE SUBJECT MARKET AREA AND IS NOTED WITH THE NEIGHBORHOOD SECTION OF THE APPRAISAL REPORT.

ITEMS OF PERSONAL PROPERTY ARE NOT CONSIDERED IN THE VALUATION OF THE SUBJECT PROPERTY. WHERE POSSIBLE, CHECK BOXES ONTHE FORM ARE UTILIZED TO INDICATE ITEMS THAT WERE OBSERVED AT THE TIME OF INSPECTION, AND MAY OR MAY NOT HAVE PROVIDEDCONTRIBUTORY VALUE TO THE FINAL MARKET VALUE ESTIMATE. CONTRIBUTORY VALUE IS THE DOLLAR AMOUNT RECOGNIZED BY THE MARKETON ITEMS OTHER THAN THE BONE STRUCTURE.

CONDITIONS OF COMPONENTSTHE APPRAISAL FORM USED FOR THIS APPRAISAL CALLS FOR OPINIONS OF CONDITION ON CERTAIN COMPONENTS OF THE SUBJECTIMPROVEMENTS INCLUDING, BUT NOT LIMITED TO, APPLIANCES, HEATING/COOLING SYSTEMS, SURFACES, ELECTRICAL, MECHANICAL ORPLUMBING SYSTEMS. THE CONDITIONS INDICATED IN THIS REPORT ARE BASED ON OBSERVATIONS MADE AT THE TIME OF INSPECTION. THEYRELY ON VISUAL INDICATORS AS WELL AS REASONABLE EXPECTATIONS AS TO ADEQUACY, AND ARE DICTATED BY NEIGHBORHOOD STANDARDSRELATIVE TO MARKETABILITY. THESE OBSERVATIONS DO NOT CONSTITUTE CERTIFICATIONS. IF A CERTIFICATION IS REQUIRED, PROPERLYLICENSED OR LEGALLY QUALIFIED INDIVIDUALS SHOULD BE CONSULTED.

DIGITAL PHOTOSDIGITAL PHOTOS UTILIZED WITHIN THIS REPORT ARE TRUE IMAGES AND HAVE NOT BEEN ALTERED IN ANY WAY.

CRISTIAN VLAD - CERT RES RD1121

CRISTIAN M. VLAD

05/04/2016

Borrower/Client

Lender

Form FUA2 — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODE



THIS APPRAISAL REPORT IS INTENDED FOR USE BY THE LENDER/CLIENT AND FHA/HUD FOR A MORTGAGE FINANCE TRANSACTION ONLY. THISREPORT IS NOT INTENDED FOR ANY OTHER PURPOSE.

THE SCOPE OF THIS APPRAISAL REPORT IS THE FORMATION OF THE MOST CURRENT APPLICABLE DATA IN RELATION TO THE PROPERTY ANDTHE DEVELOPMENT OF THE MARKET VALUE ESTIMATE. THE VERIFIED, COLLECTED DATA IS PROCESSED THROUGH THE THREE BASIC APPRAISALMETHODS, USING THE COST APPROACH, SALES COMPARISON ANALYSIS, AND THE INCOME APPROACH, WHERE APPLICABLE. THE SELECTEDCOMPARABLE PROPERTIES ARE ADJUSTED TO THE SUBJECT PROPERTY WHERE MARKET INDICATED DIFFERENCES EXIST, USING ACCEPTEDAPPRAISAL TECHNIQUES. THE ADJUSTED COMPARABLE DATA IS SHOWN IN THIS APPRAISAL AND IS USED AS THE PRIMARY BASIS FOR THEESTIMATED MARKET VALUE OF THE SUBJECT PROPERTY.

The intended use of the appraisal is solely to assist FHA in assessing the risk of the Property securing the FHA-insured Mortgage (24 CFR § 200.145(b)).FHA and the Mortgagee are the intended users of the appraisal report. The FHA Appraiser does not guarantee that the Property is free from defects. The appraisalestablishes the value of the Property for mortgage insurance purposes only.

MLS# A10056742 - $129,900. THE SUBJECT IS CURRENTLY UNDER CONTRACT FOR SALE.

03/09/2016 $78,000 WARRANTY DEED

THE MARKETING TIME OF THE SUBJECT PROPERTY HAS BEEN ESTIMATED VIA AN ANALYSIS OF SALES FROM THE MULTIPLE LISTING SERVICEFOR THE SUBJECT MARKET AREA AND IS NOTED WITH THE NEIGHBORHOOD SECTION OF THE APPRAISAL REPORT.

ITEMS OF PERSONAL PROPERTY ARE NOT CONSIDERED IN THE VALUATION OF THE SUBJECT PROPERTY. WHERE POSSIBLE, CHECK BOXES ONTHE FORM ARE UTILIZED TO INDICATE ITEMS THAT WERE OBSERVED AT THE TIME OF INSPECTION, AND MAY OR MAY NOT HAVE PROVIDEDCONTRIBUTORY VALUE TO THE FINAL MARKET VALUE ESTIMATE. CONTRIBUTORY VALUE IS THE DOLLAR AMOUNT RECOGNIZED BY THE MARKETON ITEMS OTHER THAN THE BONE STRUCTURE.

CONDITIONS OF COMPONENTSTHE APPRAISAL FORM USED FOR THIS APPRAISAL CALLS FOR OPINIONS OF CONDITION ON CERTAIN COMPONENTS OF THE SUBJECTIMPROVEMENTS INCLUDING, BUT NOT LIMITED TO, APPLIANCES, HEATING/COOLING SYSTEMS, SURFACES, ELECTRICAL, MECHANICAL ORPLUMBING SYSTEMS. THE CONDITIONS INDICATED IN THIS REPORT ARE BASED ON OBSERVATIONS MADE AT THE TIME OF INSPECTION. THEYRELY ON VISUAL INDICATORS AS WELL AS REASONABLE EXPECTATIONS AS TO ADEQUACY, AND ARE DICTATED BY NEIGHBORHOOD STANDARDSRELATIVE TO MARKETABILITY. THESE OBSERVATIONS DO NOT CONSTITUTE CERTIFICATIONS. IF A CERTIFICATION IS REQUIRED, PROPERLYLICENSED OR LEGALLY QUALIFIED INDIVIDUALS SHOULD BE CONSULTED.

DIGITAL PHOTOSDIGITAL PHOTOS UTILIZED WITHIN THIS REPORT ARE TRUE IMAGES AND HAVE NOT BEEN ALTERED IN ANY WAY.

CRISTIAN VLAD - CERT RES RD1121

CRISTIAN M. VLAD

05/04/2016

Borrower/Client

Lender

FIRREA / USPAP ADDENDUM


Purpose

Scope

Intended Use / Intended User

History of PropertyCurrent listing information:

Prior sale:

Exposure Time / Marketing Time

Personal (non-realty) Transfers

Additional Comments

Certification Supplement1. This appraisal assignment was not based on a requested minimum valuation, a specific valuation, or an approval of a loan.2. My compensation is not contingent upon the reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value

estimate, the attainment of a stipulated result or the occurrence of a subsequent event.

Appraiser(s):Effective date / Report date:

Supervisory Appraiser(s):Effective date / Report date:


Uniform Residential Appraisal Report File #

SUB

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ENTS

The purpose of this summary appraisal report is to provide the lender/client with an accurate, and adequately supported, opinion of the market value of the subject property.Property Address City State Zip CodeBorrower Owner of Public Record CountyLegal DescriptionAssessor's Parcel # Tax Year R.E. Taxes $Neighborhood Name Map Reference Census TractOccupant Owner Tenant Vacant Special Assessments $ PUD HOA $ per year per monthProperty Rights Appraised Fee Simple Leasehold Other (describe)Assignment Type Purchase Transaction Refinance Transaction Other (describe)Lender/Client AddressIs the subject property currently offered for sale or has it been offered for sale in the twelve months prior to the effective date of this appraisal? Yes NoReport data source(s) used, offering price(s), and date(s).

I did did not analyze the contract for sale for the subject purchase transaction. Explain the results of the analysis of the contract for sale or why the analysis was notperformed.

Contract Price $ Date of Contract Is the property seller the owner of public record? Yes No Data Source(s)Is there any financial assistance (loan charges, sale concessions, gift or downpayment assistance, etc.) to be paid by any party on behalf of the borrower? Yes NoIf Yes, report the total dollar amount and describe the items to be paid.

Note: Race and the racial composition of the neighborhood are not appraisal factors.Neighborhood Characteristics

Location Urban Suburban RuralBuilt-Up Over 75% 25-75% Under 25%Growth Rapid Stable Slow

One-Unit Housing TrendsProperty Values Increasing Stable DecliningDemand/Supply Shortage In Balance Over SupplyMarketing Time Under 3 mths 3-6 mths Over 6 mths

One-Unit HousingPRICE$ (000)

AGE(yrs)

LowHighPred.

Present Land Use %One-Unit %2-4 Unit %Multi-Family %Commercial %Other %

Neighborhood Boundaries

Neighborhood Description

Market Conditions (including support for the above conclusions)

Dimensions Area Shape ViewSpecific Zoning Classification Zoning DescriptionZoning Compliance Legal Legal Nonconforming (Grandfathered Use) No Zoning Illegal (describe)Is the highest and best use of subject property as improved (or as proposed per plans and specifications) the present use? Yes No If No, describe

Utilities Public Other (describe) Public Other (describe)ElectricityGas

WaterSanitary Sewer

Off-site Improvements - Type Public PrivateStreetAlley

FEMA Special Flood Hazard Area Yes No FEMA Flood Zone FEMA Map # FEMA Map DateAre the utilities and off-site improvements typical for the market area? Yes No If No, describeAre there any adverse site conditions or external factors (easements, encroachments, environmental conditions, land uses, etc.)? Yes No If Yes, describe

General DescriptionUnits One One with Accessory Unit# of StoriesType Det. Att. S-Det./End Unit

Existing Proposed Under Const.Design (Style)Year BuiltEffective Age (Yrs)

FoundationConcrete Slab Crawl SpaceFull Basement Partial Basement

Basement Area sq.ft.Basement Finish %

Outside Entry/Exit Sump PumpEvidence of Infestation

Dampness Settlement

Exterior Description materials/conditionFoundation WallsExterior WallsRoof SurfaceGutters & DownspoutsWindow TypeStorm Sash/InsulatedScreens

Interior materials/conditionFloorsWallsTrim/FinishBath FloorBath Wainscot

Attic NoneDrop Stair StairsFloor ScuttleFinished Heated

Heating FWA HWBB RadiantOther Fuel

Cooling Central Air ConditioningIndividual Other

AmenitiesFireplace(s) #Patio/DeckPool

Woodstove(s) #FencePorchOther

Car Storage NoneDriveway # of Cars

Driveway SurfaceGarage # of CarsCarport # of CarsAtt. Det. Built-in

Appliances Refrigerator Range/Oven Dishwasher Disposal Microwave Washer/Dryer Other (describe)Finished area above grade contains: Rooms Bedrooms Bath(s) Square Feet of Gross Living Area Above GradeAdditional features (special energy efficient items, etc.).

Describe the condition of the property (including needed repairs, deterioration, renovations, remodeling, etc.).

Are there any physical deficiencies or adverse conditions that affect the livability, soundness, or structural integrity of the property? Yes No If Yes, describe

Does the property generally conform to the neighborhood (functional utility, style, condition, use, construction, etc.)? Yes No If No, describe

Freddie Mac Form 70 March 2005 UAD Version 9/2011 Page 1 of 6 Fannie Mae Form 1004 March 2005


16042905095-3795332

1614 NW 11th Pl Fort Lauderdale FL 33311Rosa M Gonzalez ALI ISHAR Broward

Lauderdale Manors Amd Plat 28-11 B Lot A49-42-33-04-0010 2015 1,447Lauderdale Manors 49-42-33 1105.02

0 0

Academy Mortgage 1220 E 7800 South S, Sandy, UT 84094-7224

DOM 21;MLS# A10056742 - $129,900. THE SUBJECT IS CURRENTLY UNDER CONTRACT FOR SALE, IT WAS

LISTED ON 03/28/2016 FOR $129,900. THE STATUS CHANGED TO PENDING ON 04/15/2016.

Arms length sale;NO UNUSUAL ITEMS NOTED. THE APPRAISER IS NOT AN ATTORNEY. FOR A COMPLETE ANALYSIS OF THE CONTRACTPLEASE CONTACT AN ATTORNEY.

130,000 04/15/2016 PUB. REC./B.C.P.A.

$2,000;;SELLER TO CONTRIBUTE $ 2000 TOWARDS BUYER'S CLOSING COST

45190130

277055

8055

10NORTH OF SUNRISE BLVD., SOUTH OF NW 19th STREET, WEST OF POWERLINEROAD, AND EAST OF INTERSTATE I-95.

THE SUBJECT IS LOCATED IN A NEIGHBORHOOD CLOSE TO SCHOOLS, SHOPPING, MAIN ARTERIES OF TRANSPORTATIONAND WITHIN A REASONABLE DISTANCE FROM ALL OTHER AMENITIES. THERE ARE NO NEGATIVE INFLUENCES NOTED IN THE AREA. HOMES IN THENEIGHBORHOOD ARE SIMILAR TO THE SUBJECT.

THERE ARE SIGNS THAT THE MARKET IN THE AREA HAS STABILIZED. PROPERTY VALUESARE SHOWING A TENDENCY TO LEVEL OFF AND STABILIZE AFTER A PERIOD OF APPRECIATION. CONCESSIONS BY SELLERS ARE RELATIVELYRARE. FINANCING IS READILY AVAILABLE.

APPROX. 75' X 115' (PER BCPA PLAT MAP) 8579 sf RECTANGULAR N;Res;RS-8 SINGLE FAMILY RESIDENTIAL

ASPHALTNONE

X500 12011C0726H 08/18/2014

NO ADVERSE EASEMENTS OR ENCROACHMENTS WERE OBSERVED DURING INSPECTION. NO SURVEY WAS SUPPLIED TO THE APPRAISER FORREVIEW.

1

RANCH195320

00

SLAB/AVGCBS/AVGSHINGLE/AVGNONESH-SLI/AVGACCORD SHT/GDMESH/AVG

TILE-LM WD/AV-GDRYWALL/AV-GDWD-PNT/GOODTILE/AV-GDTILE/AVG

ELEC. 0NONE

NONE

0CH LNKFRONTSTORAG

1ASPHALT

00

6 3 1.0 1,128TYPICAL FEATURES AND AMENITIES. AVERAGE FOR THIS MARKET AND VALUE RANGE.

C3;Kitchen-updated-less than one yearago;Bathrooms-updated-less than one year ago;THE SUBJECT IS CONSIDERED TO BE IN AVERAGE CONDITION. AT THE TIME OF INSPECTION THE WATERAND ELECTRIC WERE ON. PUBLIC RECORDS INDICATE THE SUBJECT'S CARPORT OR GARAGE WAS AT SOME POINT CONVERTED TO A FLORIDAROOM AND INCLUDED IN LIVING AREA. THE AREA HOWEVER, IS NOT AIR CONDITIONED AND THE FLOOR IS NOT LEVEL WITH THE REMAININGDWELLING. THE APPRAISER IS NOT UTILIZING THIS AREA IN THE GLA CALCULATIONS NOR THE ROOM COUNT, SIMPLY AS STORAGE.

Form 1004UAD — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODE


16042905095-3795332

1614 NW 11th Pl Fort Lauderdale FL 33311Rosa M Gonzalez ALI ISHAR Broward

Lauderdale Manors Amd Plat 28-11 B Lot A49-42-33-04-0010 2015 1,447Lauderdale Manors 49-42-33 1105.02

0 0

Academy Mortgage 1220 E 7800 South S, Sandy, UT 84094-7224

DOM 21;MLS# A10056742 - $129,900. THE SUBJECT IS CURRENTLY UNDER CONTRACT FOR SALE, IT WAS

LISTED ON 03/28/2016 FOR $129,900. THE STATUS CHANGED TO PENDING ON 04/15/2016.

Arms length sale;NO UNUSUAL ITEMS NOTED. THE APPRAISER IS NOT AN ATTORNEY. FOR A COMPLETE ANALYSIS OF THE CONTRACTPLEASE CONTACT AN ATTORNEY.

130,000 04/15/2016 PUB. REC./B.C.P.A.

$2,000;;SELLER TO CONTRIBUTE $ 2000 TOWARDS BUYER'S CLOSING COST

45190130

277055

8055

10NORTH OF SUNRISE BLVD., SOUTH OF NW 19th STREET, WEST OF POWERLINEROAD, AND EAST OF INTERSTATE I-95.

THE SUBJECT IS LOCATED IN A NEIGHBORHOOD CLOSE TO SCHOOLS, SHOPPING, MAIN ARTERIES OF TRANSPORTATIONAND WITHIN A REASONABLE DISTANCE FROM ALL OTHER AMENITIES. THERE ARE NO NEGATIVE INFLUENCES NOTED IN THE AREA. HOMES IN THENEIGHBORHOOD ARE SIMILAR TO THE SUBJECT.

THERE ARE SIGNS THAT THE MARKET IN THE AREA HAS STABILIZED. PROPERTY VALUESARE SHOWING A TENDENCY TO LEVEL OFF AND STABILIZE AFTER A PERIOD OF APPRECIATION. CONCESSIONS BY SELLERS ARE RELATIVELYRARE. FINANCING IS READILY AVAILABLE.

APPROX. 75' X 115' (PER BCPA PLAT MAP) 8579 sf RECTANGULAR N;Res;RS-8 SINGLE FAMILY RESIDENTIAL

ASPHALTNONE

X500 12011C0726H 08/18/2014

NO ADVERSE EASEMENTS OR ENCROACHMENTS WERE OBSERVED DURING INSPECTION. NO SURVEY WAS SUPPLIED TO THE APPRAISER FORREVIEW.

1

RANCH195320

00

SLAB/AVGCBS/AVGSHINGLE/AVGNONESH-SLI/AVGACCORD SHT/GDMESH/AVG

TILE-LM WD/AV-GDRYWALL/AV-GDWD-PNT/GOODTILE/AV-GDTILE/AVG

ELEC. 0NONE

NONE

0CH LNKFRONTSTORAG

1ASPHALT

00

6 3 1.0 1,128TYPICAL FEATURES AND AMENITIES. AVERAGE FOR THIS MARKET AND VALUE RANGE.

C3;Kitchen-updated-less than one yearago;Bathrooms-updated-less than one year ago;THE SUBJECT IS CONSIDERED TO BE IN AVERAGE CONDITION. AT THE TIME OF INSPECTION THE WATERAND ELECTRIC WERE ON. PUBLIC RECORDS INDICATE THE SUBJECT'S CARPORT OR GARAGE WAS AT SOME POINT CONVERTED TO A FLORIDAROOM AND INCLUDED IN LIVING AREA. THE AREA HOWEVER, IS NOT AIR CONDITIONED AND THE FLOOR IS NOT LEVEL WITH THE REMAININGDWELLING. THE APPRAISER IS NOT UTILIZING THIS AREA IN THE GLA CALCULATIONS NOR THE ROOM COUNT, SIMPLY AS STORAGE.



SUB

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The purpose of this summary appraisal report is to provide the lender/client with an accurate, and adequately supported, opinion of the market value of the subject property.Property Address City State Zip CodeBorrower Owner of Public Record CountyLegal DescriptionAssessor's Parcel # Tax Year R.E. Taxes $Neighborhood Name Map Reference Census TractOccupant Owner Tenant Vacant Special Assessments $ PUD HOA $ per year per monthProperty Rights Appraised Fee Simple Leasehold Other (describe)Assignment Type Purchase Transaction Refinance Transaction Other (describe)Lender/Client AddressIs the subject property currently offered for sale or has it been offered for sale in the twelve months prior to the effective date of this appraisal? Yes NoReport data source(s) used, offering price(s), and date(s).

I did did not analyze the contract for sale for the subject purchase transaction. Explain the results of the analysis of the contract for sale or why the analysis was notperformed.

Contract Price $ Date of Contract Is the property seller the owner of public record? Yes No Data Source(s)Is there any financial assistance (loan charges, sale concessions, gift or downpayment assistance, etc.) to be paid by any party on behalf of the borrower? Yes NoIf Yes, report the total dollar amount and describe the items to be paid.

Note: Race and the racial composition of the neighborhood are not appraisal factors.Neighborhood Characteristics

Location Urban Suburban RuralBuilt-Up Over 75% 25-75% Under 25%Growth Rapid Stable Slow

One-Unit Housing TrendsProperty Values Increasing Stable DecliningDemand/Supply Shortage In Balance Over SupplyMarketing Time Under 3 mths 3-6 mths Over 6 mths

One-Unit HousingPRICE$ (000)

AGE(yrs)

LowHighPred.

Present Land Use %One-Unit %2-4 Unit %Multi-Family %Commercial %Other %

Neighborhood Boundaries

Neighborhood Description

Market Conditions (including support for the above conclusions)

Dimensions Area Shape ViewSpecific Zoning Classification Zoning DescriptionZoning Compliance Legal Legal Nonconforming (Grandfathered Use) No Zoning Illegal (describe)Is the highest and best use of subject property as improved (or as proposed per plans and specifications) the present use? Yes No If No, describe

Utilities Public Other (describe) Public Other (describe)ElectricityGas

WaterSanitary Sewer

Off-site Improvements - Type Public PrivateStreetAlley

FEMA Special Flood Hazard Area Yes No FEMA Flood Zone FEMA Map # FEMA Map DateAre the utilities and off-site improvements typical for the market area? Yes No If No, describeAre there any adverse site conditions or external factors (easements, encroachments, environmental conditions, land uses, etc.)? Yes No If Yes, describe

General DescriptionUnits One One with Accessory Unit# of StoriesType Det. Att. S-Det./End Unit

Existing Proposed Under Const.Design (Style)Year BuiltEffective Age (Yrs)

FoundationConcrete Slab Crawl SpaceFull Basement Partial Basement

Basement Area sq.ft.Basement Finish %

Outside Entry/Exit Sump PumpEvidence of Infestation

Dampness Settlement

Exterior Description materials/conditionFoundation WallsExterior WallsRoof SurfaceGutters & DownspoutsWindow TypeStorm Sash/InsulatedScreens

Interior materials/conditionFloorsWallsTrim/FinishBath FloorBath Wainscot

Attic NoneDrop Stair StairsFloor ScuttleFinished Heated

Heating FWA HWBB RadiantOther Fuel

Cooling Central Air ConditioningIndividual Other

AmenitiesFireplace(s) #Patio/DeckPool

Woodstove(s) #FencePorchOther

Car Storage NoneDriveway # of Cars

Driveway SurfaceGarage # of CarsCarport # of CarsAtt. Det. Built-in

Appliances Refrigerator Range/Oven Dishwasher Disposal Microwave Washer/Dryer Other (describe)Finished area above grade contains: Rooms Bedrooms Bath(s) Square Feet of Gross Living Area Above GradeAdditional features (special energy efficient items, etc.).

Describe the condition of the property (including needed repairs, deterioration, renovations, remodeling, etc.).

Are there any physical deficiencies or adverse conditions that affect the livability, soundness, or structural integrity of the property? Yes No If Yes, describe

Does the property generally conform to the neighborhood (functional utility, style, condition, use, construction, etc.)? Yes No If No, describe




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There are comparable properties currently offered for sale in the subject neighborhood ranging in price from $ to $ .There are comparable sales in the subject neighborhood within the past twelve months ranging in sale price from $ to $ .

FEATURE SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3Address

Proximity to SubjectSale Price $ $ $ $Sale Price/Gross Liv. Area $ sq.ft. $ sq.ft. $ sq.ft. $ sq.ft.Data Source(s)Verification Source(s)VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +(-) $ Adjustment DESCRIPTION +(-) $ Adjustment DESCRIPTION +(-) $ AdjustmentSales or FinancingConcessionsDate of Sale/TimeLocationLeasehold/Fee SimpleSiteViewDesign (Style)Quality of ConstructionActual AgeConditionAbove Grade Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. Baths Total Bdrms. BathsRoom CountGross Living Area sq.ft. sq.ft. sq.ft. sq.ft.Basement & FinishedRooms Below GradeFunctional UtilityHeating/CoolingEnergy Efficient ItemsGarage/CarportPorch/Patio/Deck

Net Adjustment (Total) + - + - + -$ $ $Adjusted Sale Priceof Comparables $ $ $

Net Adj. %Gross Adj. %



I did did not research the sale or transfer history of the subject property and comparable sales. If not, explain

My research did did not reveal any prior sales or transfers of the subject property for the three years prior to the effective date of this appraisal.Data Source(s)My research did did not reveal any prior sales or transfers of the comparable sales for the year prior to the date of sale of the comparable sale.Data Source(s)Report the results of the research and analysis of the prior sale or transfer history of the subject property and comparable sales (report additional prior sales on page 3).

ITEM SUBJECT COMPARABLE SALE #1 COMPARABLE SALE #2 COMPARABLE SALE #3Date of Prior Sale/TransferPrice of Prior Sale/TransferData Source(s)Effective Date of Data Source(s)Analysis of prior sale or transfer history of the subject property and comparable sales

Summary of Sales Comparison Approach

Indicated Value by Sales Comparison Approach $Indicated Value by: Sales Comparison Approach $ Cost Approach (if developed) $ Income Approach (if developed) $

This appraisal is made "as is", subject to completion per plans and specifications on the basis of a hypothetical condition that the improvements have beencompleted, subject to the following repairs or alterations on the basis of a hypothetical condition that the repairs or alterations have been completed, or subject to thefollowing required inspection based on the extraordinary assumption that the condition or deficiency does not require alteration or repair:

Based on a complete visual inspection of the interior and exterior areas of the subject property, defined scope of work, statement of assumptions and limitingconditions, and appraiser's certification, my (our) opinion of the market value, as defined, of the real property that is the subject of this report is$ , as of , which is the date of inspection and the effective date of this appraisal.


16042905095-3795332

13 96,000 199,00017 90,000 180,000

1614 NW 11th PlFort Lauderdale, FL 33311

130,000115.25

N;Res;Fee Simple8579 sfN;Res;DT1;RANCHQ463C3

6 3 1.01,128

0sf

ADEQUATEFHA/CENTRALTYPICAL1dwSTOR/PORCH

03/09/2016$78,000BCPA.NET05/04/2016

1704 NW 14th StFort Lauderdale, FL 333110.14 miles NW

130,000130.52

MLS# A2180380;DOM 122PUB. REC/BCPA/EXT. OBSRV.

ArmLthVA;0 0s01/16;c12/15N;Res;Fee Simple8170 sf 0N;Res;DT1;RANCHQ464 0C3

6 3 1.0996 +3,960

0sf

ADEQUATEFHA/CENTRALTYPICAL2dw 0STOR/PORCH

3,9603.03.0 133,960

08/11/2015$100BCPA.NET05/04/2016


115,00097.71


ShortCash;0 0s12/15;c10/15N;Res;Fee Simple7631 sf 0N;Res;DT1;RANCHQ461 0C3

6 3 1.01,177 0

0sf

ADEQUATEFHA/CENTRALTYPICAL1cp2dw -2,500PORCH +2,500

00.04.3 115,000

BCPA.NET05/04/2016

1224 NW 16th StFort Lauderdale, FL 333110.48 miles E

140,000125.45

MLS# F1375370;DOM 24PUB. REC/BCPA/EXT. OBSRV.

ArmLthConv;0s03/16;c01/16N;Res;Fee Simple9350 sf 0N;Res;DT1;RANCHQ464 0C3

5 3 2.0 -6,0001,116 0

0sf

ADEQUATEFHA/CENTRALTYPICAL1cp2dw -2,500STOR/PORCH

-8,5006.16.1 131,500

BCPA.NET05/04/2016

BROWARD COUNTY PROPERTY APPRAISER'S WEBSITE


THERE ARE NO OTHER SALES OR TRANSFERS FOR THE SUBJECTPROPERTY WITHIN THE PAST 3 YEARS, OR THE COMPARABLES WITHIN 12 MONTHS.THE SUBJECT'S PRIOR SALE WAS A WARRANTY DEED COMPARABLE #1 PRIOR SALE WAS A RE-RECORDED DEED CORRECTION. ADDITIONALPRIOR SALE WAS A WARRANTY DEED ON 07/28/2015 FOR $50,000 AND AN ORDER TO DETERMINE HOMESTEAD DATED 07/23/2015 FOR $0

ALL COMPARABLE SALES ARE GOOD INDICATORS OF THE SUBJECT'S MARKET VALUE. ALL COMPARABLESALES BRACKET THE SUBJECT'S FINAL ESTIMATE OF VALUE.THE ARMS-LENTH CLOSED SALES WERE GIVEN THE GREATEST WEIGHT IN THE FINAL VALUE ESTIMATE.

SINCE ITS LAST SALE, THE SUBJECT HAS BEEN REMODELED/UPDATED. THE KITCHEN AND BATHROOM HAVE BEEN UPDATED, THE SUBJECT WILLHAVE A NEW CENTRAL AIR SYSTEM AND NEW INTERIOR AND EXTERIOR PAINT.

130,000130,000 139,720 0

THE MARKET DATA ANALYSIS WAS GIVEN THE MOST WEIGHT AS IT MOST ACCURATELY REFLECTS CURRENT TRENDS OF BUYERS ANDSELLERS IN THE MARKETPLACE. COST APPROACH SUPPORTS THE FINAL ESTIMATE OF VALUE. INCOME APPROACH, THOUGH CONSIDERED, WASNOT APPLIED

REPAIR OR REPLACE DAMAGEDWOOD IN STORAGE ROOM. INSTALL STOVE, REFRIGERATOR AND CENTRAL AIR CONDITIONER.

130,000 05/04/2016


16042905095-3795332

13 96,000 199,00017 90,000 180,000


130,000115.25


6 3 1.01,128

0sf


03/09/2016$78,000BCPA.NET05/04/2016


130,000130.52


ArmLthVA;0 0s01/16;c12/15N;Res;Fee Simple8170 sf 0N;Res;DT1;RANCHQ464 0C3

6 3 1.0996 +3,960

0sf

ADEQUATEFHA/CENTRALTYPICAL2dw 0STOR/PORCH

3,9603.03.0 133,960

08/11/2015$100BCPA.NET05/04/2016


115,00097.71


ShortCash;0 0s12/15;c10/15N;Res;Fee Simple7631 sf 0N;Res;DT1;RANCHQ461 0C3

6 3 1.01,177 0

0sf


00.04.3 115,000

BCPA.NET05/04/2016

1224 NW 16th StFort Lauderdale, FL 333110.48 miles E

140,000125.45

MLS# F1375370;DOM 24PUB. REC/BCPA/EXT. OBSRV.

ArmLthConv;0s03/16;c01/16N;Res;Fee Simple9350 sf 0N;Res;DT1;RANCHQ464 0C3

5 3 2.0 -6,0001,116 0

0sf

ADEQUATEFHA/CENTRALTYPICAL1cp2dw -2,500STOR/PORCH

-8,5006.16.1 131,500

BCPA.NET05/04/2016



THERE ARE NO OTHER SALES OR TRANSFERS FOR THE SUBJECTPROPERTY WITHIN THE PAST 3 YEARS, OR THE COMPARABLES WITHIN 12 MONTHS.THE SUBJECT'S PRIOR SALE WAS A WARRANTY DEED COMPARABLE #1 PRIOR SALE WAS A RE-RECORDED DEED CORRECTION. ADDITIONALPRIOR SALE WAS A WARRANTY DEED ON 07/28/2015 FOR $50,000 AND AN ORDER TO DETERMINE HOMESTEAD DATED 07/23/2015 FOR $0

ALL COMPARABLE SALES ARE GOOD INDICATORS OF THE SUBJECT'S MARKET VALUE. ALL COMPARABLESALES BRACKET THE SUBJECT'S FINAL ESTIMATE OF VALUE.THE ARMS-LENTH CLOSED SALES WERE GIVEN THE GREATEST WEIGHT IN THE FINAL VALUE ESTIMATE.

SINCE ITS LAST SALE, THE SUBJECT HAS BEEN REMODELED/UPDATED. THE KITCHEN AND BATHROOM HAVE BEEN UPDATED, THE SUBJECT WILLHAVE A NEW CENTRAL AIR SYSTEM AND NEW INTERIOR AND EXTERIOR PAINT.

130,000130,000 139,720 0

THE MARKET DATA ANALYSIS WAS GIVEN THE MOST WEIGHT AS IT MOST ACCURATELY REFLECTS CURRENT TRENDS OF BUYERS ANDSELLERS IN THE MARKETPLACE. COST APPROACH SUPPORTS THE FINAL ESTIMATE OF VALUE. INCOME APPROACH, THOUGH CONSIDERED, WASNOT APPLIED

REPAIR OR REPLACE DAMAGEDWOOD IN STORAGE ROOM. INSTALL STOVE, REFRIGERATOR AND CENTRAL AIR CONDITIONER.

130,000 05/04/2016



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There are comparable properties currently offered for sale in the subject neighborhood ranging in price from $ to $ .There are comparable sales in the subject neighborhood within the past twelve months ranging in sale price from $ to $ .

FEATURE SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3Address






I did did not research the sale or transfer history of the subject property and comparable sales. If not, explain

My research did did not reveal any prior sales or transfers of the subject property for the three years prior to the effective date of this appraisal.Data Source(s)My research did did not reveal any prior sales or transfers of the comparable sales for the year prior to the date of sale of the comparable sale.Data Source(s)Report the results of the research and analysis of the prior sale or transfer history of the subject property and comparable sales (report additional prior sales on page 3).

ITEM SUBJECT COMPARABLE SALE #1 COMPARABLE SALE #2 COMPARABLE SALE #3Date of Prior Sale/TransferPrice of Prior Sale/TransferData Source(s)Effective Date of Data Source(s)Analysis of prior sale or transfer history of the subject property and comparable sales

Summary of Sales Comparison Approach

Indicated Value by Sales Comparison Approach $Indicated Value by: Sales Comparison Approach $ Cost Approach (if developed) $ Income Approach (if developed) $

This appraisal is made "as is", subject to completion per plans and specifications on the basis of a hypothetical condition that the improvements have beencompleted, subject to the following repairs or alterations on the basis of a hypothetical condition that the repairs or alterations have been completed, or subject to thefollowing required inspection based on the extraordinary assumption that the condition or deficiency does not require alteration or repair:

Based on a complete visual inspection of the interior and exterior areas of the subject property, defined scope of work, statement of assumptions and limitingconditions, and appraiser's certification, my (our) opinion of the market value, as defined, of the real property that is the subject of this report is$ , as of , which is the date of inspection and the effective date of this appraisal.




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COST APPROACH TO VALUE (not required by Fannie Mae)Provide adequate information for the lender/client to replicate the below cost figures and calculations.Support for the opinion of site value (summary of comparable land sales or other methods for estimating site value)

ESTIMATED REPRODUCTION OR REPLACEMENT COST NEWSource of cost dataQuality rating from cost service Effective date of cost dataComments on Cost Approach (gross living area calculations, depreciation, etc.)

OPINION OF SITE VALUE =$DWELLING Sq.Ft. @ $ =$

Sq.Ft. @ $ =$=$

Garage/Carport Sq.Ft. @ $ =$Total Estimate of Cost-New =$Less Physical Functional ExternalDepreciation =$( )Depreciated Cost of Improvements =$"As-is" Value of Site Improvements =$

INDICATED VALUE BY COST APPROACH =$Estimated Remaining Economic Life (HUD and VA only) YearsINCOME APPROACH TO VALUE (not required by Fannie Mae)

Estimated Monthly Market Rent $ X Gross Rent Multiplier = $ Indicated Value by Income ApproachSummary of Income Approach (including support for market rent and GRM)

PROJECT INFORMATION FOR PUDs (if applicable)Is the developer/builder in control of the Homeowners' Association (HOA)? Yes No Unit type(s) Detached AttachedProvide the following information for PUDs ONLY if the developer/builder is in control of the HOA and the subject property is an attached dwelling unit.Legal Name of ProjectTotal number of phases Total number of units Total number of units soldTotal number of units rented Total number of units for sale Data source(s)Was the project created by the conversion of existing building(s) into a PUD? Yes No If Yes, date of conversion.Does the project contain any multi-dwelling units? Yes No Data SourceAre the units, common elements, and recreation facilities complete? Yes No If No, describe the status of completion.

Are the common elements leased to or by the Homeowners' Association? Yes No If Yes, describe the rental terms and options.

Describe common elements and recreational facilities.


16042905095-3795332

PUBLIC RECORDS INDICATE THE SUBJECT'S CARPORT OR GARAGE WAS AT SOME POINT CONVERTED TO A FLORIDA ROOM AND INCLUDED INLIVING AREA. THE AREA HOWEVER, IS NOT AIR CONDITIONED AND THE FLOOR IS NOT LEVEL WITH THE REMAINING DWELLING. THE APPRAISER ISNOT UTILIZING THIS AREA IN THE GLA CALCULATIONS NOR THE ROOM COUNT, SIMPLY AS STORAGE. THIS EXPLAINS THE DISCREPANCY BETWEENTHE RECORDED GLA AND THE MEASURED GLA.

LAND VALUES BASED ON EXTRACTION FROMSALES DATA.

BUILDING-COST.NETAVG 2016

15,0001,128 142.38 160,605

0all cost factors are included in GLA 0

160,605

45,885 45,885114,720

10,000

139,720

COST FACTORS EMPLOYED ARE BASED ON BUILDING-COST.NETESTIMATOR. SEE ATTACHED DETAILED COST ADDENDUM.THE COST APPROACH IS NOT INTENDED FOR INSURANCE PURPOSES.

50

0 0 0 INCOME APPROACH WAS NOT APPLIED AS SINGLE FAMILY DWELLINGS IN THE

SUBJECT AREA ARE PURCHASED TYPICALLY AS PRIMARY RESIDENCES AND ARE NOT PRICED BASED ON INCOME CONSIDERATIONS.


16042905095-3795332

PUBLIC RECORDS INDICATE THE SUBJECT'S CARPORT OR GARAGE WAS AT SOME POINT CONVERTED TO A FLORIDA ROOM AND INCLUDED INLIVING AREA. THE AREA HOWEVER, IS NOT AIR CONDITIONED AND THE FLOOR IS NOT LEVEL WITH THE REMAINING DWELLING. THE APPRAISER ISNOT UTILIZING THIS AREA IN THE GLA CALCULATIONS NOR THE ROOM COUNT, SIMPLY AS STORAGE. THIS EXPLAINS THE DISCREPANCY BETWEENTHE RECORDED GLA AND THE MEASURED GLA.

LAND VALUES BASED ON EXTRACTION FROMSALES DATA.

BUILDING-COST.NETAVG 2016

15,0001,128 142.38 160,605

0all cost factors are included in GLA 0

160,605

45,885 45,885114,720

10,000

139,720

COST FACTORS EMPLOYED ARE BASED ON BUILDING-COST.NETESTIMATOR. SEE ATTACHED DETAILED COST ADDENDUM.THE COST APPROACH IS NOT INTENDED FOR INSURANCE PURPOSES.

50

0 0 0 INCOME APPROACH WAS NOT APPLIED AS SINGLE FAMILY DWELLINGS IN THE

SUBJECT AREA ARE PURCHASED TYPICALLY AS PRIMARY RESIDENCES AND ARE NOT PRICED BASED ON INCOME CONSIDERATIONS.



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ESTIMATED REPRODUCTION OR REPLACEMENT COST NEWSource of cost dataQuality rating from cost service Effective date of cost dataComments on Cost Approach (gross living area calculations, depreciation, etc.)

OPINION OF SITE VALUE =$DWELLING Sq.Ft. @ $ =$

Sq.Ft. @ $ =$=$

Garage/Carport Sq.Ft. @ $ =$Total Estimate of Cost-New =$Less Physical Functional ExternalDepreciation =$( )Depreciated Cost of Improvements =$"As-is" Value of Site Improvements =$

INDICATED VALUE BY COST APPROACH =$Estimated Remaining Economic Life (HUD and VA only) YearsINCOME APPROACH TO VALUE (not required by Fannie Mae)

Estimated Monthly Market Rent $ X Gross Rent Multiplier = $ Indicated Value by Income ApproachSummary of Income Approach (including support for market rent and GRM)

PROJECT INFORMATION FOR PUDs (if applicable)Is the developer/builder in control of the Homeowners' Association (HOA)? Yes No Unit type(s) Detached AttachedProvide the following information for PUDs ONLY if the developer/builder is in control of the HOA and the subject property is an attached dwelling unit.Legal Name of ProjectTotal number of phases Total number of units Total number of units soldTotal number of units rented Total number of units for sale Data source(s)Was the project created by the conversion of existing building(s) into a PUD? Yes No If Yes, date of conversion.Does the project contain any multi-dwelling units? Yes No Data SourceAre the units, common elements, and recreation facilities complete? Yes No If No, describe the status of completion.

Are the common elements leased to or by the Homeowners' Association? Yes No If Yes, describe the rental terms and options.

Describe common elements and recreational facilities.




This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit;including a unit in a planned unit development (PUD). This report form is not designed to report an appraisal of amanufactured home or a unit in a condominium or cooperative project.

This appraisal report is subject to the following scope of work, intended use, intended user, definition of market value,statement of assumptions and limiting conditions, and certifications. Modifications, additions, or deletions to the intendeduse, intended user, definition of market value, or assumptions and limiting conditions are not permitted. The appraiser mayexpand the scope of work to include any additional research or analysis necessary based on the complexity of this appraisalassignment. Modifications or deletions to the certifications are also not permitted. However, additional certifications that donot constitute material alterations to this appraisal report, such as those required by law or those related to the appraiser'scontinuing education or membership in an appraisal organization, are permitted.

SCOPE OF WORK: The scope of work for this appraisal is defined by the complexity of this appraisal assignment and thereporting requirements of this appraisal report form, including the following definition of market value, statement ofassumptions and limiting conditions, and certifications. The appraiser must, at a minimum: (1) perform a complete visualinspection of the interior and exterior areas of the subject property, (2) inspect the neighborhood, (3) inspect each of thecomparable sales from at least the street, (4) research, verify, and analyze data from reliable public and/or private sources,and (5) report his or her analysis, opinions, and conclusions in this appraisal report.

INTENDED USE: The intended use of this appraisal report is for the lender/client to evaluate the property that is thesubject of this appraisal for a mortgage finance transaction.

INTENDED USER: The intended user of this appraisal report is the lender/client.

DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and openmarket under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assumingthe price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date andthe passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) bothparties are well informed or well advised, and each acting in what he or she considers his or her own best interest; (3) areasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U. S. dollars or in termsof financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property soldunaffected by special or creative financing or sales concessions* granted by anyone associated with the sale.

*Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments arenecessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs arereadily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financingadjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutionallender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanicaldollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market'sreaction to the financing or concessions based on the appraiser's judgment.

STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS: The appraiser's certification in this report issubject to the following assumptions and limiting conditions:

1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the titleto it, except for information that he or she became aware of during the research involved in performing this appraisal. Theappraiser assumes that the title is good and marketable and will not render any opinions about the title.

2. The appraiser has provided a sketch in this appraisal report to show the approximate dimensions of the improvements.The sketch is included only to assist the reader in visualizing the property and understanding the appraiser's determinationof its size.

3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency(or other data sources) and has noted in this appraisal report whether any portion of the subject site is located in anidentified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express orimplied, regarding this determination.

4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question,unless specific arrangements to do so have been made beforehand, or as otherwise required by law.

5. The appraiser has noted in this appraisal report any adverse conditions (such as needed repairs, deterioration, thepresence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he orshe became aware of during the research involved in performing the appraisal. Unless otherwise stated in this appraisalreport, the appraiser has no knowledge of any hidden or unapparent physical deficiencies or adverse conditions of theproperty (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances,adverse environmental conditions, etc.) that would make the property less valuable, and has assumed that there are no suchconditions and makes no guarantees or warranties, express or implied. The appraiser will not be responsible for any suchconditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist.Because the appraiser is not an expert in the field of environmental hazards, this appraisal report must not be considered asan environmental assessment of the property.

6. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactorycompletion, repairs, or alterations on the assumption that the completion, repairs, or alterations of the subject property willbe performed in a professional manner.


16042905095-3795332


16042905095-3795332



This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit;including a unit in a planned unit development (PUD). This report form is not designed to report an appraisal of amanufactured home or a unit in a condominium or cooperative project.

This appraisal report is subject to the following scope of work, intended use, intended user, definition of market value,statement of assumptions and limiting conditions, and certifications. Modifications, additions, or deletions to the intendeduse, intended user, definition of market value, or assumptions and limiting conditions are not permitted. The appraiser mayexpand the scope of work to include any additional research or analysis necessary based on the complexity of this appraisalassignment. Modifications or deletions to the certifications are also not permitted. However, additional certifications that donot constitute material alterations to this appraisal report, such as those required by law or those related to the appraiser'scontinuing education or membership in an appraisal organization, are permitted.

SCOPE OF WORK: The scope of work for this appraisal is defined by the complexity of this appraisal assignment and thereporting requirements of this appraisal report form, including the following definition of market value, statement ofassumptions and limiting conditions, and certifications. The appraiser must, at a minimum: (1) perform a complete visualinspection of the interior and exterior areas of the subject property, (2) inspect the neighborhood, (3) inspect each of thecomparable sales from at least the street, (4) research, verify, and analyze data from reliable public and/or private sources,and (5) report his or her analysis, opinions, and conclusions in this appraisal report.

INTENDED USE: The intended use of this appraisal report is for the lender/client to evaluate the property that is thesubject of this appraisal for a mortgage finance transaction.

INTENDED USER: The intended user of this appraisal report is the lender/client.

DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and openmarket under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assumingthe price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date andthe passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) bothparties are well informed or well advised, and each acting in what he or she considers his or her own best interest; (3) areasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in U. S. dollars or in termsof financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property soldunaffected by special or creative financing or sales concessions* granted by anyone associated with the sale.

*Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments arenecessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs arereadily identifiable since the seller pays these costs in virtually all sales transactions. Special or creative financingadjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutionallender that is not already involved in the property or transaction. Any adjustment should not be calculated on a mechanicaldollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market'sreaction to the financing or concessions based on the appraiser's judgment.

STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS: The appraiser's certification in this report issubject to the following assumptions and limiting conditions:

1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the titleto it, except for information that he or she became aware of during the research involved in performing this appraisal. Theappraiser assumes that the title is good and marketable and will not render any opinions about the title.

2. The appraiser has provided a sketch in this appraisal report to show the approximate dimensions of the improvements.The sketch is included only to assist the reader in visualizing the property and understanding the appraiser's determinationof its size.

3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency(or other data sources) and has noted in this appraisal report whether any portion of the subject site is located in anidentified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express orimplied, regarding this determination.

4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question,unless specific arrangements to do so have been made beforehand, or as otherwise required by law.

5. The appraiser has noted in this appraisal report any adverse conditions (such as needed repairs, deterioration, thepresence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or that he orshe became aware of during the research involved in performing the appraisal. Unless otherwise stated in this appraisalreport, the appraiser has no knowledge of any hidden or unapparent physical deficiencies or adverse conditions of theproperty (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances,adverse environmental conditions, etc.) that would make the property less valuable, and has assumed that there are no suchconditions and makes no guarantees or warranties, express or implied. The appraiser will not be responsible for any suchconditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist.Because the appraiser is not an expert in the field of environmental hazards, this appraisal report must not be considered asan environmental assessment of the property.

6. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactorycompletion, repairs, or alterations on the assumption that the completion, repairs, or alterations of the subject property willbe performed in a professional manner.




APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that:

1. I have, at a minimum, developed and reported this appraisal in accordance with the scope of work requirements stated inthis appraisal report.

2. I performed a complete visual inspection of the interior and exterior areas of the subject property. I reported the conditionof the improvements in factual, specific terms. I identified and reported the physical deficiencies that could affect thelivability, soundness, or structural integrity of the property.

3. I performed this appraisal in accordance with the requirements of the Uniform Standards of Professional AppraisalPractice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were inplace at the time this appraisal report was prepared.

4. I developed my opinion of the market value of the real property that is the subject of this report based on the salescomparison approach to value. I have adequate comparable market data to develop a reliable sales comparison approachfor this appraisal assignment. I further certify that I considered the cost and income approaches to value but did not developthem, unless otherwise indicated in this report.

5. I researched, verified, analyzed, and reported on any current agreement for sale for the subject property, any offering forsale of the subject property in the twelve months prior to the effective date of this appraisal, and the prior sales of the subjectproperty for a minimum of three years prior to the effective date of this appraisal, unless otherwise indicated in this report.

6. I researched, verified, analyzed, and reported on the prior sales of the comparable sales for a minimum of one year priorto the date of sale of the comparable sale, unless otherwise indicated in this report.

7. I selected and used comparable sales that are locationally, physically, and functionally the most similar to the subject property.

8. I have not used comparable sales that were the result of combining a land sale with the contract purchase price of a home thathas been built or will be built on the land.

9. I have reported adjustments to the comparable sales that reflect the market's reaction to the differences between the subjectproperty and the comparable sales.

10. I verified, from a disinterested source, all information in this report that was provided by parties who have a financial interest inthe sale or financing of the subject property.

11. I have knowledge and experience in appraising this type of property in this market area.

12. I am aware of, and have access to, the necessary and appropriate public and private data sources, such as multiple listingservices, tax assessment records, public land records and other such data sources for the area in which the property is located.

13. I obtained the information, estimates, and opinions furnished by other parties and expressed in this appraisal report fromreliable sources that I believe to be true and correct.

14. I have taken into consideration the factors that have an impact on value with respect to the subject neighborhood, subjectproperty, and the proximity of the subject property to adverse influences in the development of my opinion of market value. Ihave noted in this appraisal report any adverse conditions (such as, but not limited to, needed repairs, deterioration, thepresence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) observed during the inspection of thesubject property or that I became aware of during the research involved in performing this appraisal. I have considered theseadverse conditions in my analysis of the property value, and have reported on the effect of the conditions on the value andmarketability of the subject property.

15. I have not knowingly withheld any significant information from this appraisal report and, to the best of my knowledge, allstatements and information in this appraisal report are true and correct.

16. I stated in this appraisal report my own personal, unbiased, and professional analysis, opinions, and conclusions, whichare subject only to the assumptions and limiting conditions in this appraisal report.

17. I have no present or prospective interest in the property that is the subject of this report, and I have no present orprospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially orcompletely, my analysis and/or opinion of market value in this appraisal report on the race, color, religion, sex, age, maritalstatus, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of thepresent owners or occupants of the properties in the vicinity of the subject property or on any other basis prohibited by law.

18. My employment and/or compensation for performing this appraisal or any future or anticipated appraisals was notconditioned on any agreement or understanding, written or otherwise, that I would report (or present analysis supporting) apredetermined specific value, a predetermined minimum value, a range or direction in value, a value that favors the cause ofany party, or the attainment of a specific result or occurrence of a specific subsequent event (such as approval of a pendingmortgage loan application).

19. I personally prepared all conclusions and opinions about the real estate that were set forth in this appraisal report. If Irelied on significant real property appraisal assistance from any individual or individuals in the performance of this appraisalor the preparation of this appraisal report, I have named such individual(s) and disclosed the specific tasks performed in thisappraisal report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to makea change to any item in this appraisal report; therefore, any change made to this appraisal is unauthorized and I will take noresponsibility for it.

20. I identified the lender/client in this appraisal report who is the individual, organization, or agent for the organization thatordered and will receive this appraisal report.


16042905095-3795332


16042905095-3795332



APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that:

1. I have, at a minimum, developed and reported this appraisal in accordance with the scope of work requirements stated inthis appraisal report.

2. I performed a complete visual inspection of the interior and exterior areas of the subject property. I reported the conditionof the improvements in factual, specific terms. I identified and reported the physical deficiencies that could affect thelivability, soundness, or structural integrity of the property.

3. I performed this appraisal in accordance with the requirements of the Uniform Standards of Professional AppraisalPractice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were inplace at the time this appraisal report was prepared.

4. I developed my opinion of the market value of the real property that is the subject of this report based on the salescomparison approach to value. I have adequate comparable market data to develop a reliable sales comparison approachfor this appraisal assignment. I further certify that I considered the cost and income approaches to value but did not developthem, unless otherwise indicated in this report.

5. I researched, verified, analyzed, and reported on any current agreement for sale for the subject property, any offering forsale of the subject property in the twelve months prior to the effective date of this appraisal, and the prior sales of the subjectproperty for a minimum of three years prior to the effective date of this appraisal, unless otherwise indicated in this report.

6. I researched, verified, analyzed, and reported on the prior sales of the comparable sales for a minimum of one year priorto the date of sale of the comparable sale, unless otherwise indicated in this report.

7. I selected and used comparable sales that are locationally, physically, and functionally the most similar to the subject property.

8. I have not used comparable sales that were the result of combining a land sale with the contract purchase price of a home thathas been built or will be built on the land.

9. I have reported adjustments to the comparable sales that reflect the market's reaction to the differences between the subjectproperty and the comparable sales.

10. I verified, from a disinterested source, all information in this report that was provided by parties who have a financial interest inthe sale or financing of the subject property.

11. I have knowledge and experience in appraising this type of property in this market area.

12. I am aware of, and have access to, the necessary and appropriate public and private data sources, such as multiple listingservices, tax assessment records, public land records and other such data sources for the area in which the property is located.

13. I obtained the information, estimates, and opinions furnished by other parties and expressed in this appraisal report fromreliable sources that I believe to be true and correct.

14. I have taken into consideration the factors that have an impact on value with respect to the subject neighborhood, subjectproperty, and the proximity of the subject property to adverse influences in the development of my opinion of market value. Ihave noted in this appraisal report any adverse conditions (such as, but not limited to, needed repairs, deterioration, thepresence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) observed during the inspection of thesubject property or that I became aware of during the research involved in performing this appraisal. I have considered theseadverse conditions in my analysis of the property value, and have reported on the effect of the conditions on the value andmarketability of the subject property.

15. I have not knowingly withheld any significant information from this appraisal report and, to the best of my knowledge, allstatements and information in this appraisal report are true and correct.

16. I stated in this appraisal report my own personal, unbiased, and professional analysis, opinions, and conclusions, whichare subject only to the assumptions and limiting conditions in this appraisal report.

17. I have no present or prospective interest in the property that is the subject of this report, and I have no present orprospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially orcompletely, my analysis and/or opinion of market value in this appraisal report on the race, color, religion, sex, age, maritalstatus, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property or of thepresent owners or occupants of the properties in the vicinity of the subject property or on any other basis prohibited by law.

18. My employment and/or compensation for performing this appraisal or any future or anticipated appraisals was notconditioned on any agreement or understanding, written or otherwise, that I would report (or present analysis supporting) apredetermined specific value, a predetermined minimum value, a range or direction in value, a value that favors the cause ofany party, or the attainment of a specific result or occurrence of a specific subsequent event (such as approval of a pendingmortgage loan application).

19. I personally prepared all conclusions and opinions about the real estate that were set forth in this appraisal report. If Irelied on significant real property appraisal assistance from any individual or individuals in the performance of this appraisalor the preparation of this appraisal report, I have named such individual(s) and disclosed the specific tasks performed in thisappraisal report. I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to makea change to any item in this appraisal report; therefore, any change made to this appraisal is unauthorized and I will take noresponsibility for it.

20. I identified the lender/client in this appraisal report who is the individual, organization, or agent for the organization thatordered and will receive this appraisal report.




21. The lender/client may disclose or distribute this appraisal report to: the borrower; another lender at the request of theborrower; the mortgagee or its successors and assigns; mortgage insurers; government sponsored enterprises; othersecondary market participants; data collection or reporting services; professional appraisal organizations; any department,agency, or instrumentality of the United States; and any state, the District of Columbia, or other jurisdictions; without having toobtain the appraiser's or supervisory appraiser's (if applicable) consent. Such consent must be obtained before this appraisalreport may be disclosed or distributed to any other party (including, but not limited to, the public through advertising, publicrelations, news, sales, or other media).

22. I am aware that any disclosure or distribution of this appraisal report by me or the lender/client may be subject to certainlaws and regulations. Further, I am also subject to the provisions of the Uniform Standards of Professional Appraisal Practicethat pertain to disclosure or distribution by me.

23. The borrower, another lender at the request of the borrower, the mortgagee or its successors and assigns, mortgageinsurers, government sponsored enterprises, and other secondary market participants may rely on this appraisal report as partof any mortgage finance transaction that involves any one or more of these parties.

24. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms aredefined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of thisappraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable andvalid as if a paper version of this appraisal report were delivered containing my original hand written signature.

25. Any intentional or negligent misrepresentation(s) contained in this appraisal report may result in civil liability and/orcriminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United StatesCode, Section 1001, et seq., or similar state laws.

SUPERVISORY APPRAISER'S CERTIFICATION: The Supervisory Appraiser certifies and agrees that:

1. I directly supervised the appraiser for this appraisal assignment, have read the appraisal report, and agree with the appraiser'sanalysis, opinions, statements, conclusions, and the appraiser's certification.

2. I accept full responsibility for the contents of this appraisal report including, but not limited to, the appraiser's analysis, opinions,statements, conclusions, and the appraiser's certification.

3. The appraiser identified in this appraisal report is either a sub-contractor or an employee of the supervisory appraiser (or theappraisal firm), is qualified to perform this appraisal, and is acceptable to perform this appraisal under the applicable state law.

4. This appraisal report complies with the Uniform Standards of Professional Appraisal Practice that were adopted andpromulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisalreport was prepared.


APPRAISER

SignatureNameCompany NameCompany Address

Telephone NumberEmail AddressDate of Signature and ReportEffective Date of AppraisalState Certification #or State License #or Other (describe) State #StateExpiration Date of Certification or License

ADDRESS OF PROPERTY APPRAISED

APPRAISED VALUE OF SUBJECT PROPERTY $LENDER/CLIENTNameCompany NameCompany Address

Email Address

SUPERVISORY APPRAISER (ONLY IF REQUIRED)


Telephone NumberEmail AddressDate of SignatureState Certification #or State License #StateExpiration Date of Certification or License

SUBJECT PROPERTY

Did not inspect subject propertyDid inspect exterior of subject property from streetDate of InspectionDid inspect interior and exterior of subject propertyDate of Inspection

COMPARABLE SALES

Did not inspect exterior of comparable sales from streetDid inspect exterior of comparable sales from streetDate of Inspection


16042905095-3795332

CRISTIAN M. VLADALPHA ONE REAL ESTATE INC.

650 SOUTH FEDERAL HIGHWAYHOLLYWOOD, FL 33020(954) 925-7894

[email protected]/10/2016

05/04/2016 CERT RES RD1121

FL11/30/2016


130,000

No AMCAcademy Mortgage

1220 E 7800 South S, Sandy, UT 84094-7224


16042905095-3795332


650 SOUTH FEDERAL HIGHWAYHOLLYWOOD, FL 33020(954) 925-7894

[email protected]/10/2016

05/04/2016 CERT RES RD1121

FL11/30/2016


130,000

No AMCAcademy Mortgage

1220 E 7800 South S, Sandy, UT 84094-7224



21. The lender/client may disclose or distribute this appraisal report to: the borrower; another lender at the request of theborrower; the mortgagee or its successors and assigns; mortgage insurers; government sponsored enterprises; othersecondary market participants; data collection or reporting services; professional appraisal organizations; any department,agency, or instrumentality of the United States; and any state, the District of Columbia, or other jurisdictions; without having toobtain the appraiser's or supervisory appraiser's (if applicable) consent. Such consent must be obtained before this appraisalreport may be disclosed or distributed to any other party (including, but not limited to, the public through advertising, publicrelations, news, sales, or other media).

22. I am aware that any disclosure or distribution of this appraisal report by me or the lender/client may be subject to certainlaws and regulations. Further, I am also subject to the provisions of the Uniform Standards of Professional Appraisal Practicethat pertain to disclosure or distribution by me.

23. The borrower, another lender at the request of the borrower, the mortgagee or its successors and assigns, mortgageinsurers, government sponsored enterprises, and other secondary market participants may rely on this appraisal report as partof any mortgage finance transaction that involves any one or more of these parties.


25. Any intentional or negligent misrepresentation(s) contained in this appraisal report may result in civil liability and/orcriminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United StatesCode, Section 1001, et seq., or similar state laws.

SUPERVISORY APPRAISER'S CERTIFICATION: The Supervisory Appraiser certifies and agrees that:

1. I directly supervised the appraiser for this appraisal assignment, have read the appraisal report, and agree with the appraiser'sanalysis, opinions, statements, conclusions, and the appraiser's certification.

2. I accept full responsibility for the contents of this appraisal report including, but not limited to, the appraiser's analysis, opinions,statements, conclusions, and the appraiser's certification.

3. The appraiser identified in this appraisal report is either a sub-contractor or an employee of the supervisory appraiser (or theappraisal firm), is qualified to perform this appraisal, and is acceptable to perform this appraisal under the applicable state law.

4. This appraisal report complies with the Uniform Standards of Professional Appraisal Practice that were adopted andpromulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisalreport was prepared.


APPRAISER


Telephone NumberEmail AddressDate of Signature and ReportEffective Date of AppraisalState Certification #or State License #or Other (describe) State #StateExpiration Date of Certification or License

ADDRESS OF PROPERTY APPRAISED

APPRAISED VALUE OF SUBJECT PROPERTY $LENDER/CLIENTNameCompany NameCompany Address

Email Address

SUPERVISORY APPRAISER (ONLY IF REQUIRED)


Telephone NumberEmail AddressDate of SignatureState Certification #or State License #StateExpiration Date of Certification or License

SUBJECT PROPERTY

Did not inspect subject propertyDid inspect exterior of subject property from streetDate of InspectionDid inspect interior and exterior of subject propertyDate of Inspection

COMPARABLE SALES

Did not inspect exterior of comparable sales from streetDid inspect exterior of comparable sales from streetDate of Inspection




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FEATURE SUBJECT COMPARABLE SALE # COMPARABLE SALE # COMPARABLE SALE #Address






Report the results of the research and analysis of the prior sale or transfer history of the subject property and comparable sales (report additional prior sales on page 3).ITEM SUBJECT COMPARABLE SALE # COMPARABLE SALE # COMPARABLE SALE #

Date of Prior Sale/TransferPrice of Prior Sale/TransferData Source(s)Effective Date of Data Source(s)Analysis of prior sale or transfer history of the subject property and comparable sales

Analysis/Comments

Freddie Mac Form 70 March 2005 Fannie Mae Form 1004 March 2005UAD Version 9/2011

16042905095-3795332


130,000115.25


6 3 1.01,128

0sf


03/09/2016$78,000BCPA.NET05/04/2016

1329 NW 19th AveFort Lauderdale, FL 333110.41 miles S

144,100174.46


ArmLthFHA;3066 -7,500s09/15;c08/15A;TRAFF NOISE; -5,000Fee Simple6962 sf 0N;Res;DT1;RANCHQ462 0C3

5 2 2.0 -6,000826 +9,060

0sf


-9,4406.6

22.6 134,660

BCPA.NET05/04/2016

1818 NW 15th AveFort Lauderdale, FL 333110.14 miles NW

129,900115.26


ArmLthACTIVE;0 0Active -6,500N;Res;Fee Simple12919 sf 0N;Res;DT1;RANCHQ445 0C4 +10,000

5 3 1.0 01,127 0

0sf

ADEQUATEFHA/CENTRALTYPICAL2dw 0PORCH +2,500

6,0004.6

14.6 135,900

10/27/2015$0BCPA.NET05/04/2016


139,000152.41

MLS# H10012353;DOM 118PUB. REC/BCPA/EXT. OBSRV.

ArmLthACTIVE;0 0Active -7,000N;Res;Fee Simple9405 sf 0N;Res;DT1;RANCHQ463C3

5 3 1.0 0912 +6,480

0sf


1,9801.4

11.5 140,980

06/11/2015$55,500BCPA.NET05/04/2016

4 5 6

4 5 6

THERE ARE NO OTHER SALES OR TRANSFERS FOR THE SUBJECTPROPERTY OR THE COMPARABLES WITHIN THE PAST 3 YEARS. COMPARABLE #5 PRIOR TRANSFER WAS A DEED CORRECTION. ADDITIONAL PRIOR SALE COMP 5: 09/16/2015 $90,200 A CERTIFICATE OF TITLE.COMPARABLE #6 PRIOR SALE WAS A WARRANTY DEED. ADDITIONAL PRIOR TRANSFERS COMP 6: 06/11/2015 $44,900 SPECIAL WARRANTY DEED,02/06/2015 $100 SPECIAL WARRANTY DEED TRANSFER, 01/07/2015 $80,000 CERTIFICATE OF TITLE FORECLOSURE.

THERE IS EVIDENCE THAT THE SALES CONCESSIONS IN COMP #4 AFFECTED THE FINAL SALES PRICE MORE THAN THE NIMINALAMOUNT. COMPARABLE 4 EXCEEDS SIX MONTHS. IT WAS UTILIZED DUE TO A LACK OF MORE RECENT COMPARABLE SALES AND DUE TO ITSSIMILARITY TO THE SUBJECT.12 MONTH LISTING HISTORY COMP #5ML# Status Price Date Agent Broker DOMA2191942 A $ 129,900 05/03/16 SEF3132256 SEFREBR01A2191942 PS $ 129,900 03/31/16 SEF3132256 SEFREBR01 162A2191942 A $ 129,900 02/28/16 SEF3132256 SEFREBR01A2191942 A $ 139,900 01/10/16 SEF3132256 SEFREBR01A2191942 A $ 149,900 12/14/15 SEF3132256 SEFREBR01A2191942 A $ 119,900 12/02/15 SEF3132256 SEFREBR01A2191942 A $ 124,900 11/21/15 SEF3132256 SEFREBR01A2191942 A $ 129,900 10/23/15 SEF3132256 SEFREBR01A2191942 A $ 139,900 10/21/15 SEF3132256 SEFREBR01A2191942 A $ 149,900 10/20/15 SEF3132256 SEFREBR01

12 MONTH LISTING HISTORY COMP #6ML# Status Price Date Agent Broker DOMH10012353 A $ 139,000 02/03/16 SEF3302103 SEFGEREALH10012353 A $ 149,000 01/07/16 SEF3302103 SEFGEREALA2067151 CS $ 44,900 06/11/15 SEF3054427 SEFERLA01 99A2067151 PS $ 44,900 05/13/15 SEF3245598 SEFETRL01 99A2067151 A $ 44,900 05/04/15 SEF3245598 SEFETRL01A2067151 PS $ 44,900 02/27/15 SEF3245598 SEFETRL01 24A2067151 A $ 44,900 02/20/15 SEF3245598 SEFETRL01A2067151 PS $ 44,900 02/10/15 SEF3245598 SEFETRL01 7A2067151 A $ 44,900 02/03/15 SEF3245598 SEFETRL01

Form 1004UAD.(AC) — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODE

16042905095-3795332


130,000115.25


6 3 1.01,128

0sf


03/09/2016$78,000BCPA.NET05/04/2016

1329 NW 19th AveFort Lauderdale, FL 333110.41 miles S

144,100174.46


ArmLthFHA;3066 -7,500s09/15;c08/15A;TRAFF NOISE; -5,000Fee Simple6962 sf 0N;Res;DT1;RANCHQ462 0C3

5 2 2.0 -6,000826 +9,060

0sf


-9,4406.6

22.6 134,660

BCPA.NET05/04/2016


129,900115.26


ArmLthACTIVE;0 0Active -6,500N;Res;Fee Simple12919 sf 0N;Res;DT1;RANCHQ445 0C4 +10,000

5 3 1.0 01,127 0

0sf


6,0004.6

14.6 135,900

10/27/2015$0BCPA.NET05/04/2016


139,000152.41

MLS# H10012353;DOM 118PUB. REC/BCPA/EXT. OBSRV.

ArmLthACTIVE;0 0Active -7,000N;Res;Fee Simple9405 sf 0N;Res;DT1;RANCHQ463C3

5 3 1.0 0912 +6,480

0sf


1,9801.4

11.5 140,980

06/11/2015$55,500BCPA.NET05/04/2016

4 5 6

4 5 6

THERE ARE NO OTHER SALES OR TRANSFERS FOR THE SUBJECTPROPERTY OR THE COMPARABLES WITHIN THE PAST 3 YEARS. COMPARABLE #5 PRIOR TRANSFER WAS A DEED CORRECTION. ADDITIONAL PRIOR SALE COMP 5: 09/16/2015 $90,200 A CERTIFICATE OF TITLE.COMPARABLE #6 PRIOR SALE WAS A WARRANTY DEED. ADDITIONAL PRIOR TRANSFERS COMP 6: 06/11/2015 $44,900 SPECIAL WARRANTY DEED,02/06/2015 $100 SPECIAL WARRANTY DEED TRANSFER, 01/07/2015 $80,000 CERTIFICATE OF TITLE FORECLOSURE.

THERE IS EVIDENCE THAT THE SALES CONCESSIONS IN COMP #4 AFFECTED THE FINAL SALES PRICE MORE THAN THE NIMINALAMOUNT. COMPARABLE 4 EXCEEDS SIX MONTHS. IT WAS UTILIZED DUE TO A LACK OF MORE RECENT COMPARABLE SALES AND DUE TO ITSSIMILARITY TO THE SUBJECT.12 MONTH LISTING HISTORY COMP #5ML# Status Price Date Agent Broker DOMA2191942 A $ 129,900 05/03/16 SEF3132256 SEFREBR01A2191942 PS $ 129,900 03/31/16 SEF3132256 SEFREBR01 162A2191942 A $ 129,900 02/28/16 SEF3132256 SEFREBR01A2191942 A $ 139,900 01/10/16 SEF3132256 SEFREBR01A2191942 A $ 149,900 12/14/15 SEF3132256 SEFREBR01A2191942 A $ 119,900 12/02/15 SEF3132256 SEFREBR01A2191942 A $ 124,900 11/21/15 SEF3132256 SEFREBR01A2191942 A $ 129,900 10/23/15 SEF3132256 SEFREBR01A2191942 A $ 139,900 10/21/15 SEF3132256 SEFREBR01A2191942 A $ 149,900 10/20/15 SEF3132256 SEFREBR01

12 MONTH LISTING HISTORY COMP #6ML# Status Price Date Agent Broker DOMH10012353 A $ 139,000 02/03/16 SEF3302103 SEFGEREALH10012353 A $ 149,000 01/07/16 SEF3302103 SEFGEREALA2067151 CS $ 44,900 06/11/15 SEF3054427 SEFERLA01 99A2067151 PS $ 44,900 05/13/15 SEF3245598 SEFETRL01 99A2067151 A $ 44,900 05/04/15 SEF3245598 SEFETRL01A2067151 PS $ 44,900 02/27/15 SEF3245598 SEFETRL01 24A2067151 A $ 44,900 02/20/15 SEF3245598 SEFETRL01A2067151 PS $ 44,900 02/10/15 SEF3245598 SEFETRL01 7A2067151 A $ 44,900 02/03/15 SEF3245598 SEFETRL01

Form 1004UAD.(AC) — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODE


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FEATURE SUBJECT COMPARABLE SALE # COMPARABLE SALE # COMPARABLE SALE #Address






Report the results of the research and analysis of the prior sale or transfer history of the subject property and comparable sales (report additional prior sales on page 3).ITEM SUBJECT COMPARABLE SALE # COMPARABLE SALE # COMPARABLE SALE #

Date of Prior Sale/TransferPrice of Prior Sale/TransferData Source(s)Effective Date of Data Source(s)Analysis of prior sale or transfer history of the subject property and comparable sales

Analysis/Comments

Freddie Mac Form 70 March 2005 Fannie Mae Form 1004 March 2005UAD Version 9/2011


File No.Market Conditions Addendum to the Appraisal ReportM

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The purpose of this addendum is to provide the lender/client with a clear and accurate understanding of the market trends and conditions prevalent in the subjectneighborhood. This is a required addendum for all appraisal reports with an effective date on or after April 1, 2009.Property Address City State ZIP CodeBorrowerInstructions: The appraiser must use the information required on this form as the basis for his/her conclusions, and must provide support for those conclusions, regardinghousing trends and overall market conditions as reported in the Neighborhood section of the appraisal report form. The appraiser must fill in all the information to the extentit is available and reliable and must provide analysis as indicated below. If any required data is unavailable or is considered unreliable, the appraiser must provide anexplanation. It is recognized that not all data sources will be able to provide data for the shaded areas below; if it is available, however, the appraiser must include the datain the analysis. If data sources provide the required information as an average instead of the median, the appraiser should report the available figure and identify it as anaverage. Sales and listings must be properties that compete with the subject property, determined by applying the criteria that would be used by a prospective buyer of thesubject property. The appraiser must explain any anomalies in the data, such as seasonal markets, new construction, foreclosures, etc.Inventory Analysis Prior 7–12 Months Prior 4–6 Months Current – 3 Months Overall Trend

Median Sale & List Price, DOM, Sale/List % Prior 7–12 Months Prior 4–6 Months Current – 3 Months

Total # of Comparable Sales (Settled)Absorption Rate (Total Sales/Months)Total # of Comparable Active ListingsMonths of Housing Supply (Total Listings/Ab.Rate)

Median Comparable Sale PriceMedian Comparable Sales Days on MarketMedian Comparable List PriceMedian Comparable Listings Days on MarketMedian Sale Price as % of List Price

Increasing Stable DecliningIncreasing Stable DecliningDeclining Stable IncreasingDeclining Stable Increasing

Overall TrendIncreasing Stable DecliningDeclining Stable IncreasingIncreasing Stable DecliningDeclining Stable IncreasingIncreasing Stable Declining

Seller-(developer, builder, etc.)paid financial assistance prevalent? Yes No Declining Stable IncreasingExplain in detail the seller concessions trends for the past 12 months (e.g., seller contributions increased from 3% to 5%, increasing use of buydowns, closing costs, condofees, options, etc.).

Are foreclosure sales (REO sales) a factor in the market? Yes No If yes, explain (including the trends in listings and sales of foreclosed properties).

Cite data sources for above information.

Summarize the above information as support for your conclusions in the Neighborhood section of the appraisal report form. If you used any additional information, such asan analysis of pending sales and/or expired and withdrawn listings, to formulate your conclusions, provide both an explanation and support for your conclusions.

If the subject is a unit in a condominium or cooperative project , complete the following: Project Name:Subject Project Data Prior 7–12 Months Prior 4–6 Months Current – 3 Months Overall TrendTotal # of Comparable Sales (Settled)Absorption Rate (Total Sales/Months)

Months of Unit Supply (Total Listings/Ab.Rate)Total # of Active Comparable Listings


Are foreclosure sales (REO sales) a factor in the project? Yes No If yes, indicate the number of REO listings and explain the trends in listings and sales offoreclosed properties.

Summarize the above trends and address the impact on the subject unit and project.

SignatureAppraiser NameCompany NameCompany AddressState License/Certification # State

Email Address

SignatureSupervisory Appraiser NameCompany NameCompany AddressState License/Certification # State

Email Address

Freddie Mac Form 71 March 2009 Page 1 of 1 Fannie Mae Form 1004MC March 2009

16042905095-3795332

1614 NW 11th Pl Fort Lauderdale FL 33311Rosa M Gonzalez

101.6730

18.0

125,00029

127,000134.5

99.64%

41.3326

19.5

125,50082

139,450175.5

90.78%

31.0013

13.0

124,000140

139,000359

94.85%

SELLER CONCESSIONS ARE NOT CONSIDERED PREVALENT, HOWEVER MAY BE FOUND ON AN INDIVIDUAL BASIS.

THERE ARE SOME FORECLOSURE SALES, SHORT SALES AND REO LISTINGS IN THE SUBJECT MARKET WHICH HAVE HAD A NEGATIVE IMPACTON VALUE. HOWEVER, THERE IS A CLEAR TWO TIER MARKET WHERE DISTRESSED SALES TAKE PLACE AT SIGNIFICANTLY LOWER PRICESTHAN ARM'S LENGTH TRANSACTIONS. THE DISTRESSED PROPERTIES ARE PRIMARILY PURCHASED BY INVESTORS, FOR CASH, THEY ARERENOVATED AND SOLD AT FULL MARKET VALUE. THIS TREND HAS BEEN IN PLACE FOR AT LEAST TWO YEARS AND HAS HELPED THE OVERALLMARKET IN THE AREA, AS WELL AS PREVENTED AN OVERSUPPLY OF VACANCIES FROM ACCUMULATING.

REALTOR MLS

THE INFORMATION ABOVE WAS DERIVED FROM THE STATISTICAL VIEW OF THE HOMES CONSIDERED COMPARABLE TO THE SUBJECT IN THEPAST YEAR AS FOUND IN THE REGIONAL MULTIPLE LISTING SERVICE. AFTER ANALYZING MARKET DATA IN THE SUBJECT COMMUNITY DURINGTHE PAST TWELVE MONTHS, INCLUDING ACTIVE, PENDING, CANCELLED, CLOSED AND EXPIRED LISTINGS, A STABLE MARKET APPEARSEVIDENT.


650 SOUTH FEDERAL HIGHWAY, HOLLYWOOD, FL 33020 CERT RES RD1121 FL

[email protected]

Form 1004MC2 — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODE

16042905095-3795332

1614 NW 11th Pl Fort Lauderdale FL 33311Rosa M Gonzalez

101.6730

18.0

125,00029

127,000134.5

99.64%

41.3326

19.5

125,50082

139,450175.5

90.78%

31.0013

13.0

124,000140

139,000359

94.85%

SELLER CONCESSIONS ARE NOT CONSIDERED PREVALENT, HOWEVER MAY BE FOUND ON AN INDIVIDUAL BASIS.

THERE ARE SOME FORECLOSURE SALES, SHORT SALES AND REO LISTINGS IN THE SUBJECT MARKET WHICH HAVE HAD A NEGATIVE IMPACTON VALUE. HOWEVER, THERE IS A CLEAR TWO TIER MARKET WHERE DISTRESSED SALES TAKE PLACE AT SIGNIFICANTLY LOWER PRICESTHAN ARM'S LENGTH TRANSACTIONS. THE DISTRESSED PROPERTIES ARE PRIMARILY PURCHASED BY INVESTORS, FOR CASH, THEY ARERENOVATED AND SOLD AT FULL MARKET VALUE. THIS TREND HAS BEEN IN PLACE FOR AT LEAST TWO YEARS AND HAS HELPED THE OVERALLMARKET IN THE AREA, AS WELL AS PREVENTED AN OVERSUPPLY OF VACANCIES FROM ACCUMULATING.

REALTOR MLS

THE INFORMATION ABOVE WAS DERIVED FROM THE STATISTICAL VIEW OF THE HOMES CONSIDERED COMPARABLE TO THE SUBJECT IN THEPAST YEAR AS FOUND IN THE REGIONAL MULTIPLE LISTING SERVICE. AFTER ANALYZING MARKET DATA IN THE SUBJECT COMMUNITY DURINGTHE PAST TWELVE MONTHS, INCLUDING ACTIVE, PENDING, CANCELLED, CLOSED AND EXPIRED LISTINGS, A STABLE MARKET APPEARSEVIDENT.


650 SOUTH FEDERAL HIGHWAY, HOLLYWOOD, FL 33020 CERT RES RD1121 FL

[email protected]

Form 1004MC2 — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODE

File No.Market Conditions Addendum to the Appraisal ReportM

AR

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& A

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LYSI

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PRO

JEC

TSA

PPR

AIS

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The purpose of this addendum is to provide the lender/client with a clear and accurate understanding of the market trends and conditions prevalent in the subjectneighborhood. This is a required addendum for all appraisal reports with an effective date on or after April 1, 2009.Property Address City State ZIP CodeBorrowerInstructions: The appraiser must use the information required on this form as the basis for his/her conclusions, and must provide support for those conclusions, regardinghousing trends and overall market conditions as reported in the Neighborhood section of the appraisal report form. The appraiser must fill in all the information to the extentit is available and reliable and must provide analysis as indicated below. If any required data is unavailable or is considered unreliable, the appraiser must provide anexplanation. It is recognized that not all data sources will be able to provide data for the shaded areas below; if it is available, however, the appraiser must include the datain the analysis. If data sources provide the required information as an average instead of the median, the appraiser should report the available figure and identify it as anaverage. Sales and listings must be properties that compete with the subject property, determined by applying the criteria that would be used by a prospective buyer of thesubject property. The appraiser must explain any anomalies in the data, such as seasonal markets, new construction, foreclosures, etc.Inventory Analysis Prior 7–12 Months Prior 4–6 Months Current – 3 Months Overall Trend

Median Sale & List Price, DOM, Sale/List % Prior 7–12 Months Prior 4–6 Months Current – 3 Months

Total # of Comparable Sales (Settled)Absorption Rate (Total Sales/Months)Total # of Comparable Active ListingsMonths of Housing Supply (Total Listings/Ab.Rate)

Median Comparable Sale PriceMedian Comparable Sales Days on MarketMedian Comparable List PriceMedian Comparable Listings Days on MarketMedian Sale Price as % of List Price


Overall TrendIncreasing Stable DecliningDeclining Stable IncreasingIncreasing Stable DecliningDeclining Stable IncreasingIncreasing Stable Declining

Seller-(developer, builder, etc.)paid financial assistance prevalent? Yes No Declining Stable IncreasingExplain in detail the seller concessions trends for the past 12 months (e.g., seller contributions increased from 3% to 5%, increasing use of buydowns, closing costs, condofees, options, etc.).

Are foreclosure sales (REO sales) a factor in the market? Yes No If yes, explain (including the trends in listings and sales of foreclosed properties).

Cite data sources for above information.

Summarize the above information as support for your conclusions in the Neighborhood section of the appraisal report form. If you used any additional information, such asan analysis of pending sales and/or expired and withdrawn listings, to formulate your conclusions, provide both an explanation and support for your conclusions.

If the subject is a unit in a condominium or cooperative project , complete the following: Project Name:Subject Project Data Prior 7–12 Months Prior 4–6 Months Current – 3 Months Overall TrendTotal # of Comparable Sales (Settled)Absorption Rate (Total Sales/Months)

Months of Unit Supply (Total Listings/Ab.Rate)Total # of Active Comparable Listings


Are foreclosure sales (REO sales) a factor in the project? Yes No If yes, indicate the number of REO listings and explain the trends in listings and sales offoreclosed properties.

Summarize the above trends and address the impact on the subject unit and project.

SignatureAppraiser NameCompany NameCompany AddressState License/Certification # State

Email Address

SignatureSupervisory Appraiser NameCompany NameCompany AddressState License/Certification # State

Email Address

Freddie Mac Form 71 March 2009 Page 1 of 1 Fannie Mae Form 1004MC March 2009



File No.Supplemental Addendum

Form TADD — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODE

095-3795332Rosa M Gonzalez1614 NW 11th PlFort Lauderdale Broward FL 33311Academy Mortgage

Borrower/Client

Lender


FHA ADDENDUM

THE PROPERTY WILL CONFORM TO APPLICABLE MINIMUM HUD/FHA STANDARDS AS SET FORTH INHANDBOOK 4000.1 UPON COMPLETION OF REPAIRS.

THE DRAINS AND TOILETS TESTED DID NOT SHOW SIGNS OF MALFUNCTION.

THE ELECTRICITY WAS "ON". NO EXPOSED WIRES NOTED. THE APPRAISER IS NOT AN ELECTRICIANAND IS NOT QUALIFIED TO DETERMINE IF THE AMPERAGE AND PANEL SIZE IS ADEQUATE FOR THEPROPERTY.

THE SUBJECT KITCHEN CABINETRY WAS FUNCTIONAL. THERE WAS NO STOVE OR REFRIGERATOR ATTHE TIME OF INSPECTION.

THE AIR CONDITIONING WAS NOT INSTALLED AT THE TIME OF INSPECTION.

A REPRESENTATIVE SAMPLE OF WINDOWS AND DOORS WERE TESTED AND NO OBSERVABLEDEFICIENCIES WERE NOTED.

THE ATTIC IS NOT ACCESSIBLE. A SECTION OF THE STRUCTURE HAS AN ATTIC WITH WHAT APPEARSTO BE VERY LOW CLEARANCE HOWEVER, NO SCUTTLE OR OTHER ACCESS WAS PRESENT. A HEADAND SHOULDERS INSPECTION OF THE ATTIC WAS NOT PERFORMED.

INSPECTION OF THE ROOF WAS LIMITED TO WHAT CAN BE OBSERVED FROM THE GROUND. FLATROOFS, INCLUDING THOSE OVER PORCHES, PATIOS, GARAGES, OR ANY PORTION OF THE SUBJECTARE NOT VISIBLE FROM THE GROUND. THE APPRAISER IS NOT QUALIFIED TO DETERMINE THEREMAINING LIFE OF THE ROOF.

SOME OF THE TRUSSES IN THE STORAGE AREA HAVE BEEN DAMAGED BY WOOD DESTROYINGORGANISMS.

THE WERE NO PUDDLES OF STANDING WATER ON THE SUBJECT SITE AT THE TIME OF INSPECTION.

SITE - THE APPRAISER VISUALLY OBSERVED THE SITE. NO OBVIOUS DISCREPANCIES WERE NOTED.THE APPRAISER HAS NO TRAINING OR KNOWLEDGE OF SOIL CONTAMINATION AND/OR HAZARDOUSSUBSTANCES. THE APPRAISER IS UNABLE TO OBSERVE SUBSOIL, PERMEABILITY OF THE SOIL, THEDEPTH OF THE WATER TABLE , COMPACTION, OR DETERMINE IT'S SUITABILITY FOR DEVELOPMENT ORSUPPORT OF THE EXISTING IMPROVEMENTS AND HAS NO KNOWLEDGE OR TRAINING TO DETERMINETHE CONDITION OF THIS ITEMS.

THE APPRAISER IS NOT TRAINED, LICENSED OR CERTIFIED AS A HOME INSPECTOR, ELECTRICIAN,CONTRACTOR, PLUMBER, ROOFER OR IN OTHER CONSTRUCTION TRADE. THE APPRASER'SINSPECTION IS LIMITED TO WHAT IS READILY OBSERVABLE AND THE STATEMENTS MADE ARE MERELYOPINIONS BASED ON THE APPRAISER'S GENERAL KNOWLEDGE AND DO NOT CONSTITUTE ACERTIFICATION OR GUARANTEE OF THE FUNCTIONALITY OF ITEMS MENTIONED.

PREDOMINANT VALUE / AGE

THE TERM "PREDOMINANT" IS CONSTRUED BY THE APPRAISER, FOR THE PURPOSES OF THE REPORT,TO BE SYNONYMOUS WITH THE TERM "MODE" (A FREQUENCY AVERAGE) UTILIZED IN STATISTICALANALYSIS. THE "MODE" OF ANY GROUP OF STATISTICAL DATA IS SIMPLY THAT ITEM THAT OCCURSWITH THE MOST FREQUENCY. THEREFORE, THE AGE OR SALES PRICE WHICH OCCURS WITHIN THEMARKETPLACE WITH THE GREATEST DEGREE OF FREQUENCY, WITHIN THE TIME FRAME FROM WHICHTHE SALES DATA WAS SELECTED (USUALLY 6 OR 12 MONTHS), IS REPORTED AS THE "PREDOMINANT"FACTOR. THE APPRAISER IS NOT AWARE OF ANY STUDY, DOCTRINE OR THESIS INDICATING ACONSISTENT DIRECT RELATIONSHIP BETWEEN A GREATER OCCURRENCE OF ANY SINGLE FACTORWITHIN A LIMITED TIME FRAME, AND THE MARKET VALUE OR MARKETABILITY OF ONE PARTICULARPROPERTY. IN MANY CASES, IT IS NOTHING MORE THAN AN OCCURRENCE OF RANDOM CHANCE.UNLESS SPECIFICALLY STATED AND DESCRIBED AS SUCH, THE SUBJECT IS NEITHER OVERIMPROVEDNOR UNDER-IMPROVED FOR THE AREA.

“The address reported on the appraisal form is according to US Postal Service records as required by UAD format.The title company reports the city or county address and the title report may or may not match to USPS records.”

"This assignment was completed in full compliance with the appraisal independence regulations"

CA

UT

ION

CA

UT

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CAUTION

CAUTION

U.S. Department ofHousing and UrbanDevelopmentFederal Housing Administration (FHA)

For Your Protection:Get a Home Inspection

Why a Buyer Needs a Home InspectionA home inspection gives the buyer more detailed information about the overall condition of thehome prior to purchase. In a home inspection, a qualified inspector takes an in-depth, unbiasedlook at your potential new home to:

Evaluate the physical condition: structure, construction, and mechanicalsystems; Identify items that need to be repaired or replaced; andEstimate the remaining useful life of the major systems, equipment, structure, and finishes.

You Must Ask for a Home InspectionA home inspection will only occur if you arrange for one. FHA does not perform a home inspection.Decide early. You may be able to make your contract contingent on the results of the inspection.

Appraisals are Different from Home InspectionsAn appraisal is different from a home inspection and does not replace a home inspection. Appraisals estimate thevalue of the property for lenders. An appraisal is required to ensure the property is marketable. Home inspectionsevaluate the condition of the home for buyers.

FHA Does Not Guarantee the Value or Condition of your Potential New HomeIf you find problems with your new home after closing, FHA cannot give or lend you moneyfor repairs, and FHA cannot buy the home back from you. Ask a qualified home inspector toinspect your potential new home and give you the information you need to make a wisedecision.

Radon Gas Testing and other safety/health issuesThe United States Environmental Protection Agency and the Surgeon General of the United Stateshave recommended that all houses should be tested for radon. For more information on radontesting, call the toll-free National Radon Information Line at 1-800-SOS-Radon or 1-800-767-7236.

Ask your home inspector about additional health and safety tests that may be relevant for yourhome.

Be an Informed BuyerIt is your responsibility to be an informed buyer. You have the right to carefully examine yourpotential new home with a qualified home inspector. To find a qualified home inspector ask forreferences from friends, realtors, local licensing authorities and organizations that qualify and testhome inspectors.

HUD-92564-CN (6/14)

OMB Approval No: 2502-0538 (exp. 04/30/2018)

Form GH6_LGL — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODE

OMB Approval No: 2502-0538 (exp. 04/30/2018)

Form GH6_LGL — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODE

CA

UT

ION

CA

UT

ION

CAUTION

CAUTION

U.S. Department ofHousing and UrbanDevelopmentFederal Housing Administration (FHA)

For Your Protection:Get a Home Inspection

Why a Buyer Needs a Home InspectionA home inspection gives the buyer more detailed information about the overall condition of thehome prior to purchase. In a home inspection, a qualified inspector takes an in-depth, unbiasedlook at your potential new home to:

Evaluate the physical condition: structure, construction, and mechanicalsystems; Identify items that need to be repaired or replaced; andEstimate the remaining useful life of the major systems, equipment, structure, and finishes.

You Must Ask for a Home InspectionA home inspection will only occur if you arrange for one. FHA does not perform a home inspection.Decide early. You may be able to make your contract contingent on the results of the inspection.

Appraisals are Different from Home InspectionsAn appraisal is different from a home inspection and does not replace a home inspection. Appraisals estimate thevalue of the property for lenders. An appraisal is required to ensure the property is marketable. Home inspectionsevaluate the condition of the home for buyers.

FHA Does Not Guarantee the Value or Condition of your Potential New HomeIf you find problems with your new home after closing, FHA cannot give or lend you moneyfor repairs, and FHA cannot buy the home back from you. Ask a qualified home inspector toinspect your potential new home and give you the information you need to make a wisedecision.

Radon Gas Testing and other safety/health issuesThe United States Environmental Protection Agency and the Surgeon General of the United Stateshave recommended that all houses should be tested for radon. For more information on radontesting, call the toll-free National Radon Information Line at 1-800-SOS-Radon or 1-800-767-7236.

Ask your home inspector about additional health and safety tests that may be relevant for yourhome.

Be an Informed BuyerIt is your responsibility to be an informed buyer. You have the right to carefully examine yourpotential new home with a qualified home inspector. To find a qualified home inspector ask forreferences from friends, realtors, local licensing authorities and organizations that qualify and testhome inspectors.

HUD-92564-CN (6/14)


24' 24'

12'12'

4'4'


Form SKT.BldSkI — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODE

Building SketchRosa M Gonzalez1614 NW 11th PlFort Lauderdale Broward FL 33311Academy Mortgage

Borrower/Client

Lender

24' 24'

12'12'

4'4'

Form SKT.BldSkI — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODE

Building SketchRosa M Gonzalez1614 NW 11th PlFort Lauderdale Broward FL 33311Academy Mortgage

Borrower/Client

Lender




Form PICPIX.SR — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODE

Subject PhotosRosa M Gonzalez1614 NW 11th PlFort Lauderdale Broward FL 33311Academy Mortgage

Subject Front

Sales PriceGross Living AreaTotal RoomsTotal BedroomsTotal BathroomsLocationViewSiteQualityAge

1614 NW 11th Pl130,0001,128631.0N;Res;N;Res;8579 sfQ463

Subject Rear

Subject Street

Borrower/Client

Lender



Subject Front



Subject Rear

Subject Street

Borrower/Client

Lender






Subject Front



Subject Right Side

Subject Left Side

Borrower/Client

Lender



Subject Front



Subject Right Side

Subject Left Side

Borrower/Client

Lender




Form PICSIX2 — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODE

Photograph AddendumRosa M Gonzalez1614 NW 11th PlFort Lauderdale Broward FL 33311Academy Mortgage

Kitchen Living Room

Family Room Bedroom

Bedroom Bedroom

Borrower/Client

Lender



Kitchen Living Room

Family Room Bedroom

Bedroom Bedroom

Borrower/Client

Lender






Bathroom Water "ON"

Damaged Wood (Storage Room) Damaged Wood (Storage Room)

Damaged Wood (Storage Room) Storage Room

Borrower/Client

Lender



Bathroom Water "ON"

Damaged Wood (Storage Room) Damaged Wood (Storage Room)

Damaged Wood (Storage Room) Storage Room

Borrower/Client

Lender




Form PICPIX.CR — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODE

Comparable Photos 1-3Rosa M Gonzalez1614 NW 11th PlFort Lauderdale Broward FL 33311Academy Mortgage

Comparable 1

Prox. to SubjectSales PriceGross Living AreaTotal RoomsTotal BedroomsTotal BathroomsLocationViewSiteQualityAge

1704 NW 14th St0.14 miles NW130,000996631.0N;Res;N;Res;8170 sfQ464

Comparable 2


1019 NW 13th St0.14 miles NW115,0001,177631.0N;Res;N;Res;7631 sfQ461

Comparable 3


1224 NW 16th St0.48 miles E140,0001,116532.0N;Res;N;Res;9350 sfQ464

Borrower/Client

Lender



Comparable 1


1704 NW 14th St0.14 miles NW130,000996631.0N;Res;N;Res;8170 sfQ464

Comparable 2


1019 NW 13th St0.14 miles NW115,0001,177631.0N;Res;N;Res;7631 sfQ461

Comparable 3


1224 NW 16th St0.48 miles E140,0001,116532.0N;Res;N;Res;9350 sfQ464

Borrower/Client

Lender






Comparable 4


1329 NW 19th Ave0.41 miles S144,100826522.0A;TRAFF NOISE;N;Res;6962 sfQ462

Comparable 5


1818 NW 15th Ave0.14 miles NW129,9001,127531.0N;Res;N;Res;12919 sfQ445

Comparable 6


1541 NW 15th Ave0.14 miles NW139,000912531.0N;Res;N;Res;9405 sfQ463

Borrower/Client

Lender



Comparable 4


1329 NW 19th Ave0.41 miles S144,100826522.0A;TRAFF NOISE;N;Res;6962 sfQ462

Comparable 5


1818 NW 15th Ave0.14 miles NW129,9001,127531.0N;Res;N;Res;12919 sfQ445

Comparable 6


1541 NW 15th Ave0.14 miles NW139,000912531.0N;Res;N;Res;9405 sfQ463

Borrower/Client

Lender



Form SCA — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODEForm SCA — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODE



Form MAP.LOC — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODE

Appraisers E & O InsuranceRosa M Gonzalez1614 NW 11th PlFort Lauderdale Broward FL 33311Academy Mortgage

Borrower/Client

Lender

Form MAP.LOC — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODE

Appraisers E & O InsuranceRosa M Gonzalez1614 NW 11th PlFort Lauderdale Broward FL 33311Academy Mortgage

Borrower/Client

Lender



File No.

UNIFORM APPRAISAL DATASET (UAD) DEFINITIONS ADDENDUM(Source: Fannie Mae UAD Appendix D: UAD Field-Specific Standardization Requirements)

Condition Ratings and Definitions

C1

The improvements have been very recently constructed and have not previously been occupied. The entire structure and all components are newand the dwelling features no physical depreciation.*

*Note: Newly constructed improvements that feature recycled materials and/or components can be considered new dwellings provided that thedwelling is placed on a 100% new foundation and the recycled materials and the recycled components have been rehabilitated/re-manufacturedinto like-new condition. Recently constructed improvements that have not been previously occupied are not considered “new” if they have anysignificant physical depreciation (i.e., newly constructed dwellings that have been vacant for an extended period of time without adequatemaintenance or upkeep).

C2The improvements feature no deferred maintenance, little or no physical depreciation, and require no repairs. Virtually all building componentsare new or have been recently repaired, refinished, or rehabilitated. All outdated components and finishes have been updated and/or replacedwith components that meet current standards. Dwellings in this category either are almost new or have been recently completely renovated andare similar in condition to new construction.

C3The improvements are well maintained and feature limited physical depreciation due to normal wear and tear. Some components, but not everymajor building component, may be updated or recently rehabilitated. The structure has been well maintained.

C4The improvements feature some minor deferred maintenance and physical deterioration due to normal wear and tear. The dwelling has beenadequately maintained and requires only minimal repairs to building components/mechanical systems and cosmetic repairs. All major buildingcomponents have been adequately maintained and are functionally adequate.

C5

The improvements feature obvious deferred maintenance and are in need of some significant repairs. Some building components need repairs,rehabilitation, or updating. The functional utility and overall livability is somewhat diminished due to condition, but the dwelling remainsuseable and functional as a residence.

C6The improvements have substantial damage or deferred maintenance with deficiencies or defects that are severe enough to affect the safety,soundness, or structural integrity of the improvements. The improvements are in need of substantial repairs and rehabilitation, including manyor most major components.

Quality Ratings and Definitions

Q1Dwellings with this quality rating are usually unique structures that are individually designed by an architect for a specified user. Suchresidences typically are constructed from detailed architectural plans and specifications and feature an exceptionally high level of workmanshipand exceptionally high-grade materials throughout the interior and exterior of the structure. The design features exceptionally high-qualityexterior refinements and ornamentation, and exceptionally high-quality interior refinements. The workmanship, materials, and finishesthroughout the dwelling are of exceptionally high quality.

Q2

Dwellings with this quality rating are often custom designed for construction on an individual property owner’s site. However, dwellings inthis quality grade are also found in high-quality tract developments featuring residence constructed from individual plans or from highlymodified or upgraded plans. The design features detailed, high quality exterior ornamentation, high-quality interior refinements, and detail. Theworkmanship, materials, and finishes throughout the dwelling are generally of high or very high quality.

Q3

Dwellings with this quality rating are residences of higher quality built from individual or readily available designer plans in above-standardresidential tract developments or on an individual property owner’s site. The design includes significant exterior ornamentation and interiorsthat are well finished. The workmanship exceeds acceptable standards and many materials and finishes throughout the dwelling have beenupgraded from “stock” standards.

Q4

Dwellings with this quality rating meet or exceed the requirements of applicable building codes. Standard or modified standard building plansare utilized and the design includes adequate fenestration and some exterior ornamentation and interior refinements. Materials, workmanship,finish, and equipment are of stock or builder grade and may feature some upgrades.

UAD Version 9/2011

16042905095-3795332

Form UADDEFINE — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODE

16042905095-3795332

Form UADDEFINE — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODE

File No.


Condition Ratings and Definitions

C1

The improvements have been very recently constructed and have not previously been occupied. The entire structure and all components are newand the dwelling features no physical depreciation.*

*Note: Newly constructed improvements that feature recycled materials and/or components can be considered new dwellings provided that thedwelling is placed on a 100% new foundation and the recycled materials and the recycled components have been rehabilitated/re-manufacturedinto like-new condition. Recently constructed improvements that have not been previously occupied are not considered “new” if they have anysignificant physical depreciation (i.e., newly constructed dwellings that have been vacant for an extended period of time without adequatemaintenance or upkeep).

C2The improvements feature no deferred maintenance, little or no physical depreciation, and require no repairs. Virtually all building componentsare new or have been recently repaired, refinished, or rehabilitated. All outdated components and finishes have been updated and/or replacedwith components that meet current standards. Dwellings in this category either are almost new or have been recently completely renovated andare similar in condition to new construction.

C3The improvements are well maintained and feature limited physical depreciation due to normal wear and tear. Some components, but not everymajor building component, may be updated or recently rehabilitated. The structure has been well maintained.

C4The improvements feature some minor deferred maintenance and physical deterioration due to normal wear and tear. The dwelling has beenadequately maintained and requires only minimal repairs to building components/mechanical systems and cosmetic repairs. All major buildingcomponents have been adequately maintained and are functionally adequate.

C5

The improvements feature obvious deferred maintenance and are in need of some significant repairs. Some building components need repairs,rehabilitation, or updating. The functional utility and overall livability is somewhat diminished due to condition, but the dwelling remainsuseable and functional as a residence.

C6The improvements have substantial damage or deferred maintenance with deficiencies or defects that are severe enough to affect the safety,soundness, or structural integrity of the improvements. The improvements are in need of substantial repairs and rehabilitation, including manyor most major components.

Quality Ratings and Definitions

Q1Dwellings with this quality rating are usually unique structures that are individually designed by an architect for a specified user. Suchresidences typically are constructed from detailed architectural plans and specifications and feature an exceptionally high level of workmanshipand exceptionally high-grade materials throughout the interior and exterior of the structure. The design features exceptionally high-qualityexterior refinements and ornamentation, and exceptionally high-quality interior refinements. The workmanship, materials, and finishesthroughout the dwelling are of exceptionally high quality.

Q2

Dwellings with this quality rating are often custom designed for construction on an individual property owner’s site. However, dwellings inthis quality grade are also found in high-quality tract developments featuring residence constructed from individual plans or from highlymodified or upgraded plans. The design features detailed, high quality exterior ornamentation, high-quality interior refinements, and detail. Theworkmanship, materials, and finishes throughout the dwelling are generally of high or very high quality.

Q3

Dwellings with this quality rating are residences of higher quality built from individual or readily available designer plans in above-standardresidential tract developments or on an individual property owner’s site. The design includes significant exterior ornamentation and interiorsthat are well finished. The workmanship exceeds acceptable standards and many materials and finishes throughout the dwelling have beenupgraded from “stock” standards.

Q4

Dwellings with this quality rating meet or exceed the requirements of applicable building codes. Standard or modified standard building plansare utilized and the design includes adequate fenestration and some exterior ornamentation and interior refinements. Materials, workmanship,finish, and equipment are of stock or builder grade and may feature some upgrades.

UAD Version 9/2011



Quality Ratings and Definitions (continued)

Q5

Dwellings with this quality rating feature economy of construction and basic functionality as main considerations. Such dwellings feature aplain design using readily available or basic floor plans featuring minimal fenestration and basic finishes with minimal exterior ornamentationand limited interior detail. These dwellings meet minimum building codes and are constructed with inexpensive, stock materialswith limited refinements and upgrades.

Q6

Dwellings with this quality rating are of basic quality and lower cost; some may not be suitable for year-round occupancy. Such dwellingsare often built with simple plans or without plans, often utilizing the lowest quality building materials. Such dwellings are often built orexpanded by persons who are professionally unskilled or possess only minimal construction skills. Electrical, plumbing, and other mechanicalsystems and equipment may be minimal or non-existent. Older dwellings may feature one or more substandard or non-conforming additionsto the original structure

Definitions of Not Updated, Updated, and Remodeled

Not UpdatedLittle or no updating or modernization. This description includes, but is not limited to, new homes.Residential properties of fifteen years of age or less often reflect an original condition with no updating, if no majorcomponents have been replaced or updated. Those over fifteen years of age are also considered not updated if theappliances, fixtures, and finishes are predominantly dated. An area that is ‘Not Updated’ may still be well maintainedand fully functional, and this rating does not necessarily imply deferred maintenance or physical/functional deterioration.

UpdatedThe area of the home has been modified to meet current market expectations. These modificationsare limited in terms of both scope and cost.An updated area of the home should have an improved look and feel, or functional utility. Changes that constituteupdates include refurbishment and/or replacing components to meet existing market expectations. Updates do notinclude significant alterations to the existing structure.

Remodeled

Significant finish and/or structural changes have been made that increase utility and appeal throughcomplete replacement and/or expansion.

A remodeled area reflects fundamental changes that include multiple alterations. These alterations may includesome or all of the following: replacement of a major component (cabinet(s), bathtub, or bathroom tile), relocationof plumbing/gas fixtures/appliances, significant structural alterations (relocating walls, and/or the addition of)square footage). This would include a complete gutting and rebuild.

Explanation of Bathroom Count

Three-quarter baths are counted as a full bath in all cases. Quarter baths (baths that feature only a toilet) are notincluded in the bathroom count. The number of full and half baths is reported by separating the two values using aperiod, where the full bath count is represented to the left of the period and the half bath count is represented to theright of the period.

Example:3.2 indicates three full baths and two half baths.

UAD Version 9/2011

Form UADDEFINE — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODEForm UADDEFINE — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODE


Quality Ratings and Definitions (continued)

Q5

Dwellings with this quality rating feature economy of construction and basic functionality as main considerations. Such dwellings feature aplain design using readily available or basic floor plans featuring minimal fenestration and basic finishes with minimal exterior ornamentationand limited interior detail. These dwellings meet minimum building codes and are constructed with inexpensive, stock materialswith limited refinements and upgrades.

Q6

Dwellings with this quality rating are of basic quality and lower cost; some may not be suitable for year-round occupancy. Such dwellingsare often built with simple plans or without plans, often utilizing the lowest quality building materials. Such dwellings are often built orexpanded by persons who are professionally unskilled or possess only minimal construction skills. Electrical, plumbing, and other mechanicalsystems and equipment may be minimal or non-existent. Older dwellings may feature one or more substandard or non-conforming additionsto the original structure

Definitions of Not Updated, Updated, and Remodeled

Not UpdatedLittle or no updating or modernization. This description includes, but is not limited to, new homes.Residential properties of fifteen years of age or less often reflect an original condition with no updating, if no majorcomponents have been replaced or updated. Those over fifteen years of age are also considered not updated if theappliances, fixtures, and finishes are predominantly dated. An area that is ‘Not Updated’ may still be well maintainedand fully functional, and this rating does not necessarily imply deferred maintenance or physical/functional deterioration.

UpdatedThe area of the home has been modified to meet current market expectations. These modificationsare limited in terms of both scope and cost.An updated area of the home should have an improved look and feel, or functional utility. Changes that constituteupdates include refurbishment and/or replacing components to meet existing market expectations. Updates do notinclude significant alterations to the existing structure.

Remodeled

Significant finish and/or structural changes have been made that increase utility and appeal throughcomplete replacement and/or expansion.

A remodeled area reflects fundamental changes that include multiple alterations. These alterations may includesome or all of the following: replacement of a major component (cabinet(s), bathtub, or bathroom tile), relocationof plumbing/gas fixtures/appliances, significant structural alterations (relocating walls, and/or the addition of)square footage). This would include a complete gutting and rebuild.

Explanation of Bathroom Count

Three-quarter baths are counted as a full bath in all cases. Quarter baths (baths that feature only a toilet) are notincluded in the bathroom count. The number of full and half baths is reported by separating the two values using aperiod, where the full bath count is represented to the left of the period and the half bath count is represented to theright of the period.

Example:3.2 indicates three full baths and two half baths.

UAD Version 9/2011



Abbreviations Used in Data Standardization Text

Abbreviation Full Name Fields Where This Abbreviation May Appearac Acres Area, SiteAdjPrk Adjacent to Park LocationAdjPwr Adjacent to Power Lines LocationA Adverse Location & ViewArmLth Arms Length Sale Sale or Financing Concessionsba Bathroom(s) Basement & Finished Rooms Below Gradebr Bedroom Basement & Finished Rooms Below GradeB Beneficial Location & ViewCash Cash Sale or Financing ConcessionsCtySky City View Skyline View ViewCtyStr City Street View ViewComm Commercial Influence Locationc Contracted Date Date of Sale/TimeConv Conventional Sale or Financing ConcessionsCrtOrd Court Ordered Sale Sale or Financing ConcessionsDOM Days On Market Data Sourcese Expiration Date Date of Sale/TimeEstate Estate Sale Sale or Financing ConcessionsFHA Federal Housing Authority Sale or Financing ConcessionsGlfCse Golf Course LocationGlfvw Golf Course View ViewInd Industrial Location & Viewin Interior Only Stairs Basement & Finished Rooms Below GradeLndfl Landfill LocationLtdSght Limited Sight ViewListing Listing Sale or Financing ConcessionsMtn Mountain View ViewN Neutral Location & ViewNonArm Non-Arms Length Sale Sale or Financing ConcessionsBsyRd Busy Road Locationo Other Basement & Finished Rooms Below GradePrk Park View ViewPstrl Pastoral View ViewPwrLn Power Lines ViewPubTrn Public Transportation Locationrr Recreational (Rec) Room Basement & Finished Rooms Below GradeRelo Relocation Sale Sale or Financing ConcessionsREO REO Sale Sale or Financing ConcessionsRes Residential Location & ViewRH USDA - Rural Housing Sale or Financing Concessionss Settlement Date Date of Sale/TimeShort Short Sale Sale or Financing Concessionssf Square Feet Area, Site, Basementsqm Square Meters Area, SiteUnk Unknown Date of Sale/TimeVA Veterans Administration Sale or Financing Concessionsw Withdrawn Date Date of Sale/Timewo Walk Out Basement Basement & Finished Rooms Below Gradewu Walk Up Basement Basement & Finished Rooms Below GradeWtrFr Water Frontage LocationWtr Water View ViewWoods Woods View View

Other Appraiser-Defined Abbreviations

Abbreviation Full Name Fields Where This Abbreviation May Appear

UAD Version 9/2011

Form UADDEFINE — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODEForm UADDEFINE — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODE


Abbreviations Used in Data Standardization Text

Abbreviation Full Name Fields Where This Abbreviation May Appearac Acres Area, SiteAdjPrk Adjacent to Park LocationAdjPwr Adjacent to Power Lines LocationA Adverse Location & ViewArmLth Arms Length Sale Sale or Financing Concessionsba Bathroom(s) Basement & Finished Rooms Below Gradebr Bedroom Basement & Finished Rooms Below GradeB Beneficial Location & ViewCash Cash Sale or Financing ConcessionsCtySky City View Skyline View ViewCtyStr City Street View ViewComm Commercial Influence Locationc Contracted Date Date of Sale/TimeConv Conventional Sale or Financing ConcessionsCrtOrd Court Ordered Sale Sale or Financing ConcessionsDOM Days On Market Data Sourcese Expiration Date Date of Sale/TimeEstate Estate Sale Sale or Financing ConcessionsFHA Federal Housing Authority Sale or Financing ConcessionsGlfCse Golf Course LocationGlfvw Golf Course View ViewInd Industrial Location & Viewin Interior Only Stairs Basement & Finished Rooms Below GradeLndfl Landfill LocationLtdSght Limited Sight ViewListing Listing Sale or Financing ConcessionsMtn Mountain View ViewN Neutral Location & ViewNonArm Non-Arms Length Sale Sale or Financing ConcessionsBsyRd Busy Road Locationo Other Basement & Finished Rooms Below GradePrk Park View ViewPstrl Pastoral View ViewPwrLn Power Lines ViewPubTrn Public Transportation Locationrr Recreational (Rec) Room Basement & Finished Rooms Below GradeRelo Relocation Sale Sale or Financing ConcessionsREO REO Sale Sale or Financing ConcessionsRes Residential Location & ViewRH USDA - Rural Housing Sale or Financing Concessionss Settlement Date Date of Sale/TimeShort Short Sale Sale or Financing Concessionssf Square Feet Area, Site, Basementsqm Square Meters Area, SiteUnk Unknown Date of Sale/TimeVA Veterans Administration Sale or Financing Concessionsw Withdrawn Date Date of Sale/Timewo Walk Out Basement Basement & Finished Rooms Below Gradewu Walk Up Basement Basement & Finished Rooms Below GradeWtrFr Water Frontage LocationWtr Water View ViewWoods Woods View View

Other Appraiser-Defined Abbreviations

Abbreviation Full Name Fields Where This Abbreviation May Appear

UAD Version 9/2011


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Documents

APPRAISAL OF REAL PROPERTY LOCATED AT: FOR: AS OF: BY · 2016. 5. 13. · LOCATED AT: FOR: AS OF: BY: Form GA6 — "WinTOTAL" appraisal software by a la mode, inc. — 1-800-ALAMODE