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CERTIFICATE OF VALUE
<br /> We certify to the best of our knowledge and belief, that:
<br /> 1 . The statements of fact contained in this report are true and correct.
<br /> 2. The reported analyses, opinions, and conclusions are limited only by the reported assumptions and
<br /> limiting conditions and are our personal, unbiased, professional analyses, opinions, and conclusions.
<br /> 3. We have no present or prospective interest in the property or bias with respect to the property that is
<br /> the subject of this report, and we have no personal interest or bias with respect to the parties involved.
<br /> Our engagement in this assignment was not contingent upon developing or reporting predetermined
<br /> results.
<br /> 4. Our compensation is not contingent upon the development or reporting of a predetermined value or
<br /> direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a
<br /> stipulated result, or the occurrence of a subsequent event directly related to the intended use of this
<br /> appraisal.
<br /> S. Our analyses, opinions, or conclusions were developed and this report has been prepared in
<br /> conformity with the Uniform Standards of Professional Appraisal Practice, and the provisions of Chapter
<br /> 475, Part II , Florida Statutes.
<br /> 6. Robert K. Babcock, MAI and Camille A. Smith, MAI , MBA, have made a personal inspection of the
<br /> property that is the subject of this report. We have also made a personal field inspection of the
<br /> comparable sales relied upon in making this appraisal. The subject and the comparable sales relied upon
<br /> in making this appraisal were as represented by the photographs contained in this appraisal.
<br /> 7. No persons other than those named herein provided significant real property appraisal assistance to
<br /> the person(s) signing this certificate. Joshua C . Duncan, Stale-Certified Residential Appraiser RD 6884
<br /> and Christopher W. Langton , State-Registered Trainee Real Estate Appraiser RI 20488 provided
<br /> assistance with research , inspections and draft report preparation.
<br /> 8. The reported analyses, opinions, and conclusions were developed, and this report has been prepared,
<br /> in conformity with the requirements of the Code of Professional Ethics and the Standards of Professional
<br /> Appraisal Practice of the Appraisal Institute.
<br /> 9. The use of this report is subject to the requirements of the Appraisal Institute relating to review by its
<br /> duly authorized representatives.
<br /> 10. As of the date of this report, Robert K. Babcock, MAI, and Camille A. Smith, MAI , MBA, have
<br /> completed the requirements of the continuing education program of the Appraisal Institute .
<br /> Based upon our independent appraisal and the exercise of our professional judgment, our opinion of the
<br /> market value for the part taken, including net severance damages after special benefits, if any, of the
<br /> property appraised as of the 22ntl day of February 2008, was $ 177,000.
<br /> Market Value should be allocated as follows:
<br /> LAND $45,600 LAND AREA PARCEL 111 (Ac): 0.48
<br /> IMPROVEMENTS $54,000
<br /> NET DAMAGES WOR COST TO
<br /> CURE $77,400 Land Use (HABU as vacant): Residential
<br /> TOTAL $177,000
<br /> APPRAISER (Camille A. Smith, MAI , MBA)
<br /> March 12, 2008 State-Certified General Appraiser RZ1050
<br /> REPORT DATE
<br /> APPRAISER (Robert K. Babcock , MAI)
<br /> State-Certified General Appraiser RZ990
<br /> All Real Estate Appraisals 2
<br /> Parcel 111
<br /> Owner: Van Antwerp
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