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Milestone Appraisal Services Residential Appraisal Report File No. m727 Appraiser's Certification The appraiser(s)certifies that,to the best of the appraiser's knowledge and belief: • 1.The statements of fact contained in this report are true and correct. 2.The reported analyses,opinions,and conclusions are limited only by the reported assumptions and limiting conditions and are the appraiser's personal,impartial,and unbiased professional analyses,opinions,and conclusions. 3.Unless otherwise stated,the appraiser has no present or prospective interest in the property that is the subject of this report and has no personal interest with respect to the parties involved. 4.The appraiser has no bias with respect to the property that is the subject of this report or to the parties involved with this assignment. 5.The appraiser's engagement in this assignment was not contingent upon developing or reporting predetermined results. 6.The appraiser's 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 of the 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. 7.The appraiser's analyses,opinions,and conclusions were developed,and this report has been prepared,in conformity with the Uniform Standards of Professional Appraisal Practice. 8.Unless otherwise noted,the appraiser has made a personal inspection of the property that is the subject of this report. 9.Unless noted below,no one provided significant real property appraisal assistance to the appraiser signing this certification.Significant real property appraisal assistance provided by: Additional Certifications: Definition of Value: ®Market Value ❑Other Value: Source of Definition: ADDRESS OF THE PROPERTY APPRAISED: 1627 Main Street NW Elk River,MN 55330 EFFECTIVE DATE OF THE APPRAISAL: 11/21/2012 APPRAISED VALUE OF THE SUBJECT PROPERTY$150,000 APPRAISER SUPERVISORY APPRAISER Signature: Signature: Name: Brent rdStfOm Name: State Certification# State Certification# or License# 20479131 or License# or Other(describe): State#: State: State: MN Expiration Date of Certification or License: Expiration Date of Certification or License: 08/31/2014 Date of Signature: Date of Signature and Report: 11128/2012 Date of Property Viewing: Date of Property Viewing: 11/21/2012 Degree of property viewing: Degree of property viewing: ❑Interior and Exterior ❑Exterior Only ❑Did not personally view ®Interior and Exterior ❑Exterior Only ❑Did not personally view Pradu[od UVng ACl sdh-800.2348727 xxw—eb— Mkrm CoWgh1 o 20052010 Aa IXSisioi d ISO Claims 5avires.1-Aa RDAs Revaved Page 4 of 4 OPAR-)General Purl: A..GPMl004 10 051201 � GPAR1009_1005282010 <n.rnlPu nnseanp n•.nnb...... ACI-ISO