The opinion of value reported above is as of the stated effective date and is contingent upon the certification and limiting conditions attached.

Martin Appraisal & Consulting Co. 11321 SH 150 E / PO BOX 1211 Shepherd, TX 77371 (936) 628-2191 www.martinappraisalco.com 05/16/2018 c/o Durward M & Katy Cook Life Estate, TX 77372 Re: Property: : File No.:, TX 77372 MA-180162 Opinion of Value: $ 530,000 Effective Date: 04/19/2018 In accordance with your request, we have appraised the above referenced property. The report of that appraisal is attached. PLEASE REFER TO THE HYPOTHETICAL CONDITIONS ADDENDUM The purpose of the appraisal is to develop an opinion of market value for the property described in this appraisal report, as improved, in unencumbered fee simple title of ownership. This report is based on a physical analysis of the site and improvements, a locational analysis of the neighborhood and city, and an economic analysis of the market for properties such as the subject. The appraisal was developed and the report was prepared in accordance with the Uniform Standards of Professional Appraisal Practice. The opinion of value reported above is as of the stated effective date and is contingent upon the certification and limiting conditions attached. It has been a pleasure to assist you. Please do not hesitate to contact me or any of my staff if we can be of additional service to you. Sincerely, Bruce E. Martin Martin Appraisal & Consulting Co License or Certification #: 1321092 State: TX Expires: 07/31/2019 bmartin@martinappraisalco.com

APPRAISAL OF REAL PROPERTY LOCATED AT: Shady Dale PT LT 38, 39, 1.50 ac, TX 77372 FOR: 28645 FM 2090, TX 77372 AS OF: 04/19/2018 BY: Bruce E. Martin Martin Appraisal & Consulting Company P.O. Box 1211 Shepherd, Tx 77371 General Certificate No: TX-1321092-G Expire Date: 07/31/2019 Form GA6 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Property Address File No. MA-180162 TABLE OF CONTENTS Letter of Transmittal... 1 Cover Page... 2 Table of Contents... 3 USPAP Identification... 4 USPAP Compliance Addendum... 5 Hypothetical Conditions Addendum... 6 Scope of Work Addendum... 8 SCOPE OF WORK - INSPECTION ADDENDUM... 9 AIR Certificate... 10 Septic Sewer Addendum... 11 Private Well Addendum... 12 Propane Tank/Gas Addendum... 13 Subject GLA Measurement Addendum... 14 Property Tax Calculation Disclaimer... 15 Disaster Addendum... 16 GP Restricted Certifications Addendum... 17 GP Residential... 19 GP Residential... 20 Additional Comparables 4-6... 21 GP Residential... 22 Sales Comparison Approach Adjustment Comments... 23 Appraisal Addendum... 24 Client Response Addendum... 28 Comparable Photos 1-3... 29 Comparable Photos 4-6... 30 Photograph Addendum... 31 Location Map... 32 Aerial Map... 33 Flood Map... 34 Hypothetical Site Map... 35 Comparable Sales Map... 36 Building Sketch (Page - 1)... 37 Building Sketch (Page - 2)... 38 Subject Photos Pg 1... 39 Subject Photos... 40 Subject Photos... 41 Subject Photos... 42 Subject Photos... 43 Subject Photos... 44 Subject Photos Interior... 45 Subject Photos Interior... 46 Subject Photos Interior... 47 Subject Photos Interior... 48 Subject Photos Interior... 49 2017-2019 Certificate... 50 2017-2018 E&O... 51 Form TOCNP - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Property Address File No. MA-180162 APPRAISAL AND REPORT IDENTIFICATION This Report is one of the following types: Appraisal Report (A written report prepared under Standards Rule 2-2(a), pursuant to the Scope of Work, as disclosed elsewhere in this report.) Restricted Appraisal Report (A written report prepared under Standards Rule 2-2(b), pursuant to the Scope of Work, as disclosed elsewhere in this report, restricted to the stated intended use by the specified client or intended user.) Comments on Standards Rule 2-3 I certify that, to the best of my knowledge and belief: - The statements of fact contained in this report are true and correct. - The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions and are my personal, impartial, and unbiased professional 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 parties involved. - Unless otherwise indicated, I have performed no services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment. - 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 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. - My analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice that were 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. - Unless otherwise indicated, no one provided significant real property appraisal assistance to the person(s) signing this certification (if there are exceptions, the name of each individual providing significant real property appraisal assistance is stated elsewhere in this report). Reasonable Exposure Time (USPAP defines Exposure Time as the estimated length of time that the property interest being appraised would have been offered on the market prior to the hypothetical consummation of a sale at market value on the effective date of the appraisal.) My Opinion of Reasonable Exposure Time for the subject property at the market value stated in this report is: See Appraisal Addendum 3 to 6 months Comments on Appraisal and Report Identification Note any USPAP-related issues requiring disclosure and any state mandated requirements: See Appraisal Addendum APPRAISER: SUPERVISORY or CO-APPRAISER (if applicable): Signature: Name: Bruce E. Martin Signature: Name: Martin Appraisal & Consulting Co State Certification #: 1321092 or State License #: State: TX Expiration Date of Certification or License: 07/31/2019 Date of Signature and Report: 05/16/2018 Effective Date of Appraisal: 04/19/2018 Inspection of Subject: None Interior and Exterior Exterior-Only Date of Inspection (if applicable): 04/19/2018 State Certification #: or State License #: State: Expiration Date of Certification or License: Date of Signature: Inspection of Subject: None Date of Inspection (if applicable): Form ID14E - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE Interior and Exterior Exterior-Only

Loan # USPAP Compliance Addendum Property Address County File # State Montgomery Eckhardt/Personal MA-180162 TX Zip Code 77372 APPRAISAL AND REPORT IDENTIFICATION This Appraisal Report is one of the following types: Appraisal Report This report was prepared in accordance with the requirements of the Appraisal Report option of USPAP Standards Rule 2-2(a). Restricted Appraisal Report This report was prepared in accordance with the requirements of the Restricted Appraisal Report option of USPAP Standards Rule 2-2(b). The intended user of this report is limited to the identified client. This is a Restricted Appraisal Report and the rationale for how the appraiser arrived at the opinions and conclusions set forth in the report may not be understood properly without the additional information in the appraiser's workfile. ADDITIONAL CERTIFICATIONS I certify that, to the best of my knowledge and belief: The statements of fact contained in this report are true and correct. The report analyses, opinions, and conclusions are limited only by the reported assumptions and are my personal, impartial, and unbiased professional analyses, opinions, and conclusions. I have no (or the specified) present or prospective interest in the property that is the subject of this report and no (or specified) personal interest with respect to the parties involved. 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 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. My analyses, opinions, and conclusions were developed and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice. This appraisal report was prepared in accordance with the requirements of Title XI of FIRREA and any implementing regulations. PRIOR SERVICES I have NOT performed services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the three-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-year period immediately preceding acceptance of this assignment. Those services are described in the comments below. PROPERTY INSPECTION I have NOT made a personal inspection of the property that is the subject of this report. I HAVE made a personal inspection of the property that is the subject of this report. APPRAISAL ASSISTANCE Unless otherwise noted, no one provided significant real property appraisal assistance to the person signing this certification. If anyone did provide significant assistance, they are hereby identified along with a summary of the extent of the assistance provided in the report. ADDITIONAL COMMENTS Additional USPAP related issues requiring disclosure and/or any state mandated requirements: See Attached Addendums MARKETING TIME AND EXPOSURE TIME FOR THE SUBJECT PROPERTY A reasonable marketing time for the subject property is A reasonable exposure time for the subject property is APPRAISER 90-180 90-180 day(s) utilizing market conditions pertinent to the appraisal assignment. day(s). SUPERVISORY APPRAISER (ONLY IF REQUIRED) Signature Signature Name Bruce E. Martin 05/16/2018 State Certification # 1321092 Name Date of Signature Date of Signature or State License # or State License # State State Certification # State TX Expiration Date of Certification or License 07/31/2019 Expiration Date of Certification or License Supervisory Appraiser Inspection of Subject Property Effective Date of Appraisal 04/19/2018 Did Not Exterior-only from Street USPAP Compliance Addendum 2014 Interior and Exterior Page 1 of 1 Form ID14EC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Hypothetical Conditions Addendum File No. MA-180162 Property Address Hypothetical Conditions Addendum Hypothetical Condition Definition: The Uniform Standards of Professional Appraisal Practice (USPAP) defines a hypothetical condition as: A condition, directly related to a specific assignment, which is contrary to what is known by the appraiser to exist on the effective date of the assignment results, but is used for the purpose of analysis. In essence, a Hypothetical Condition is something contrary to what exists as of the effective date of value. In the case of the subject property, there are two residences, and several outbuildings located on one un subdivided parcel of land. Existing market conditions, and lending practices indicate a substantial discount in price, where the two residences similar to those located on the subject site are marketed as one property. Current institutional lenders frown on this type of improvement condition. Some require that the properties be valued as income properties. Others will simply not lend on it. This lender attitude makes valuation and marketing difficult, and extends marketing time. Since the majority of home sales, especially those located on rural acreage with other exterior amenities, are secured and completed with the use of third party funding, marketing the property as currently configured, limits the available pool of potential purchasers to those with cash or other special private funding. This limitation effectively places a stigma on the property, and creates the possibility of a substantial discount related to the property when determining price or valuation in order to satisfy this reduced demand pool. In order to maximize value, as stated in the highest and best use definition, where possible, valuation using a HYPOTHETICAL separation of the properties resulting in two residential improved sites, each with contributory value not related to the other may be possible. In the case of the subject, this may be possible. In order to be feasible independent uses, the subject and parent property must have overall utility acceptable to the market, and adequate dedicated access and utilities available. FACTS: 1) There is a narrow common access from the R of W extending from FM 2090 to the subject parent parcel. 2) There are dedicated utilities (Water, Electrical, and Sewer Capacity already available The SUBJECT. 3) The other home shares Water supply, and access with the SUBJECT currently. 4) The SUBJECT property has a separate septic sewer system. 5) There is a 5 acre parcel (TAX ID R155836) located adjacent to and west of the other home improvements. If separated from the parent site, and joined with the other home site, the unit value increase in the 5 acres enhances the site contribution overall for both homes without causing contributory detriment to the other home. SUBJECT DEFICIENCIES: 1) The subject shares no dedicated Access with the other home. CURES FOR DEFICIENCIES: 1 ACCESS: A delineated, common access agreement between the properties that "Runs with the land", ie. permanent common access extending from the ROW of FM 2090 to the farthest extent of the current drive area shared by both homes. This would guarantee access to the homes for perpetuity, and generally satisfy most lenders or other third party funding entities that the collateral of their loan has access. 2) WATER SUPPLY: There are two options available. a) Drill a new well for the OTHER property. Utilizing the adjacent 5.00 acre parcel, this is possible without interfering with the other home, or the subject septic system. While possible, this is costly, and time consuming. b) Deliver water supply from the existing community water system extending along the Right of Way line for FM 2090. A meter and water line extending from the road to the OTHER property is feasible, and cost efficient. Form TADD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Hypothetical Conditions Addendum File No. MA-180162 Property Address THE HYPOTHETICAL CONDITION: Based on the facts, and the reasonable belief that; 1) The subject property value is maximized by valuation separate from the OTHER home and associated 5 acre tract. 2) Subdivision of the 5.00 acre parcel enhances the OTHER home and does not determent the remainder of the parent tract. 3) There is adequate evidence to support this contributory value condition 4) The cost to affect the hypothetical conditions is less than the resulting financial benefit resulting from an independent valuation, creating a net positive value indication. THEREFORE: THE FOLLOWING HYPOTHETICAL CONDITION IS THE BASIS FOR VALUE. The subject property is valued based on the hypothetical conditions that the OTHER home and outbuilding directly behind that home, as well as the adjoining 5.00 acres to the west are subdivided into a separate parcel. (TOTAL of 7.00 acres more or less) and that dedicated access and dedicated water supply are available to the property. This subdivision leaves the SUBJECT parcel remainder of 21.50 acres more or less, the SUBJECT HOME and the Large Metal Building to the East. THEREFORE; The subject of this appraisal is the home located at 28465 FM 2090 and the Large Metal Building, located on a remainder of 22.50 acres after separation of about 2 acres from the site, containing the other home and outbuildings directly behind it, and excludes the adjoining 5.00 acre parcel to the west, COST TO CURE: These conditions require expenditure of funds to secure. There are no contractor estimates available or provided for this total, However, the appraiser estimates a cost to cure based on other reported similar projects in the market area to be about $10,000 to $16,000.00, BROKEN DOWN AS FOLLOWS; 1) Legal fees for production and filing of a dedicated use right of way agreement $1,500. to $3,500. 2) Survey fees for the Use right of way, and separation of the home site from the parent site $5,000 to $7,500 3) Installation of a water meter and plumbing for a water meter and connection lines from the road to the home $3,500 to $5,000. THIS IS ONLY AN ESTIMATE. THE CLIENT IS URGED TO OBTAIN ESTIMATES FOR WORK TO BE COMPLETED BY COMPETENT PROFESSIONALS IN EACH AREA OF EXPERTISE. SHOULD THESE CONTRACTOR COSTS BE SUBSTANTIALLY HIGHER THAN ESTIMATED, THE FINAL VALUE OPINION MAY BE AFFECTED. in WHICH CASE, THIS APPRAISAL AND THE OPINIONS EXPRESSED HEREIN MAY SUBJECT TO CHANGE AS WELL. Form TADD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Scope of Work Addendum File No. MA-180162 Property Address SCOPE OF WORK ADDENDUM As defined by USPAP 2018-2019 edition: "..The type and extent of research and analyses in an appraisal or appraisal review assignment..." The scope of work must include the research and analyses that are necessary to develop credible assignment results. In this case the scope of work includes; 1) Identification of the problem, intended users, intended use, definition of value, and effective date to be reported. 2) Identify and disclose any hypothetical conditions, and extraordinary assumptions and/or jurisdictional exceptions that may/will affect the assignment. SEE HYPOTHETICAL CONDITION ADDENDUM 3) Inspection of the property consistent with the clients request, whether via electronic, third party data, exterior only, or exterior and interior inspection. 4) Determination of the physical attributes of the subject to include, but not limited to, size, condition, quality, physical curable obsolescence, functional obsolescence, and obsolescence attributable to outside influences, within the limits of the clients request as are available through any resource typically available to the appraiser including physical inspection. 5) Delineation, and analysis of the defined subject market area,(neighborhood) as it relates to marketability, competition, compatible use, and substitute properties available and competing with the subject in that market, and other market related components. 6) Determination of the highest and best use of the property as vacant and as improved if the subject is so. This includes review of physical limitations, legal uses, local regulations, and land use restrictions, both public and private, financially feasible alternatives and finally a determination of the most profitable use. 7) Research documentation and analysis of data relating to value components, replacement cost (RCN) data, site as vacant, physical, functional, and external obsolescence, comparable sales of similar properties, and components of income production if such is typical of the subject and the subject market. 8) Reduce the available market data and value indicators to a final supported value opinion conclusion, reconciled from the appropriate value indicators as produced through recognized methodology. The scope of work in this case is intended to comply with USPAP 2018-2019. WARRANTY OF DATA/INFORMATION: No warrants or guarantee is made or implied as to the condition of the roof, foundation, electrical systems, heating/cooling systems, plumbing systems, appliances, the presence of destroying insects, environmental hazards, problematic corrosive drywall or any other component of the improvements situated on the subject site as of the effective date of this assignment, as may be individually or collectively applicable. The appraiser has not completed an inspection of the systems of the subject and, unless otherwise indicated in the attached report communication, assumes that the systems are in proper working order. This assumption further extends to structural components, electrical or plumbing systems and all areas between the walls which were not visible to the appraiser at the time of the site visit for this assignment. Also, unless otherwise observed by the appraiser and indicated in the attached report communication, the subject is assumed to be free of harmful or toxic mold, problematic corrosive drywall (aka "Chinese Drywall") and wood destroying insects. Such inspections are beyond the Scope of Work for this assignment and the appraiser is not necessarily qualified in such specialty matters. Separate inspection(s) of the subject for properly working systems and structural components, the existence of harmful or toxic mold, wood destroying insects, or possible environmental concerns indicated in the attached environmental addendum by (a) qualified professional(s) would be required to satisfy the due diligence of the typical purchaser/borrower, lender, client and/or other intended users of this analysis. The information. opinions(s), and conclusions(s) contained in this report communication is (are) subject to revision if such inspections(s) reveal the existence of hazardous material (including, but not limited to construction materials within the improvements, on the site or in proximity to the site), problematic corrosive drywall, insects or mold which require remediation, replacement and/or damage repair and/or structural components or systems which are not in proper working order and require repair or replacement. Certification #23: The Intended User of this appraisal report is the Client. The Intended Use is to evaluate the property that is the subject of this appraisal for value determination for marketing purposes, subject to the stated Scope of Work, purpose of the appraisal, reporting requirements of this appraisal report form, and Definition of Market Value. No additional Intended Users are identified by the appraiser. NOTE: No other intended users were identified by the Client. As a result the appraiser has not identified any additional intended users, as the scope of work may not be appropriate for other potential unintended or intended users of the report. Form TADD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

SCOPE OF WORK - INSPECTION ADDENDUM File No. MA-180162 Property Address SCOPE OF WORK - Inspection EXTERIOR/INTERIOR: The scope of my subject property inspection included a visual observation of all readily accessible areas of the interior and exterior of the dwelling, including living areas, garage, basement, detached workshop buildings, pools, and other ancillary amenities located on the site and available to the appraiser. If not vacant, I did not look under or behind any furniture, I did not move any furniture or personal belongings, and I did not enter the attic scuttle. My inspection did not include operating or testing appliances, electrical system, plumbing, or HVAC. I did not test the well or septic system, and did not test for any environmental hazards such as radon or mold. The appraiser s inspection did not include identification or testing for mold, radon, UFFI, asbestos, or other environmental hazards, as identification of these substances is beyond the scope of the appraiser s expertise. My observation of the property is based on readily observable conditions and is not at the same level as an inspection performed by a professional home inspector. Form TADD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

AIR Certificate Form SCNLGL - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Septic Sewer Addendum File No. MA-180162 Property Address SEPTIC SEWER ADDENDUM PUBLIC SEWER CONNECTIONS: The subject is connected to PRIVATE septic sewer supply. There is no public sewer service available in the subject area within a reasonable distance for connection. The cost to bring PUBLIC sewer service to the subject is outside HUD cost guidelines. SEPTIC SEWER: The subject is located in a rural market with no public sewer service available. The subject is served by a septic sewer system, common in this market. There is no adverse affect on marketability or value resulting from the use of this system. There is no public sewer service available to the subject. The cost of bringing public sewer service o the subject is outside HUD cost guidelines. Form TADD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Private Well Addendum File No. MA-180162 Property Address PRIVATE WELL ADDENDUM PRIVATE WELL WATER: The subject is located in a rural market. PUBLIC water service is available. The subject is served by a private well system, common in this market. There is no adverse affect on marketability or value resulting from the use of this system. There is public waters service available to the subject but it is not connected. The cost of bringing public water service to the subject is considered economic but not necessary. Form TADD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Propane Tank/Gas Addendum File No. MA-180162 Property Address PROPANE TANK ADDENDUM PROPANE GAS: The subject is located in a rural market with limited or no public gas service available. The subject is served by a propane tank located on the property. 1) There is no order or obvious deterioration of the tank noted. The Gas supplier generally inspects the tank when refilled, and addresses any issues. 2) There are no regulations relating to the location of the tank in relation to the home. Propane suppliers generally specify that the tank be 15 to 20 feet from the home, but this is not a regulatory requirement. The subject propane tank is at least 15 feet from the home. 3)Propane service is typical of this market. There is no adverse affect on marketability or value resulting from the use of this system. The cost of bringing public natural gas service to the subject is outside any known any cost guidelines for utility placement reported locally. Form TADD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Subject GLA Measurement Addendum File No. MA-180162 Property Address SUBJECT GLA MEASUREMENT ADDENDUM SUBJECT GLA: The subject was measured on the ground by the appraiser signing this report using a Stanley 100' tape marked in 1/10 foot increments and Stanley 35' steel tape marketed in inches. The dimensions, measurements and GLA resulting from those measurements on the ground are reflected in the sketch addendum included in this report which calculates area to the nearest 1/10 foot. The final reported GLA is rounded to the closest foot. The appraiser has no idea of the methodology or the time frame of the CAD or any other government or private entities reported GLA. Comparison and reconciliation of GLA with other outside parties is not part of the scope of work for this assignment, nor is it necessary to produce a supported and creditable report. It is recommended that the client/lender contact the appropriate agency or individual for answers to questions they may have concerning these specific issues and their methodology for measuring this or any other property. Form TADD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Property Tax Calculation Disclaimer File No. MA-180162 Property Address PROPERTY TAX CALCULATION DISCLAIMER Tax Calculations: Where no property tax rate or total tax due, is reported through sources readily available to the appraiser, subject property taxs are calculated based on the last reported Tax Assessor/Appraisal District market value report, and a general market rate of $2.50/$100 of tax valuation. Exemptions and other special valuations are not considered as these affect specific circumstances and do not reflect general market data, trends, or value. Form TADD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Disaster Addendum File No. MA-180162 Property Address DISASTER ADDENDUM As of the effective date of this appraisal, the subject property HAS suffered NO affects from the recently declared disaster. There is NO physical damage apparent. There MAY BE adverse affect on marketability or value as result of any declared disaster in the subject defined neighborhood. As of the date of this report, no changes in the FEMA FLOOD MAP designation have been made. This may occur in the future as a result of the flood event of August 2017 1) The disaster has passed. 2) The inspection occurred after the date of the declared disaster. 3) No repairs related to the disaster are indicated. 3) The property appears safe sound and secure per the loan type requirements. Form TADD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Assumptions, Limiting Conditions & Scope of Work Property Address: Client: Appraiser: Bruce E. Martin Eckhardt/Personal File No.: MA-180162 State: TX Zip Code: 77372 : Address: 28465 FM 2090,, TX 77372 Address: 11321 SH 150 E / PO BOX 1211, Shepherd, TX 77371 STATEMENT OF ASSUMPTIONS & LIMITING CONDITIONS - The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it. The appraiser assumes that the title is good and marketable and, therefore, will not render any opinions about the title. The property is appraised on the basis of it being under responsible ownership. - The appraiser may have provided a sketch in the appraisal report to show approximate dimensions of the improvements, and any such sketch is included only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of its size. Unless otherwise indicated, a Land Survey was not performed. - If so indicated, 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 the appraisal report whether the subject site is located in an identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or implied, regarding this determination. - 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. - If the cost approach is included in this appraisal, the appraiser has estimated the value of the land in the cost approach at its highest and best use, and the improvements at their contributory value. These separate valuations of the land and improvements must not be used in conjunction with any other appraisal and are invalid if they are so used. Unless otherwise specifically indicated, the cost approach value is not an insurance value, and should not be used as such. - The appraiser has noted in the appraisal report any adverse conditions (including, but not limited to, needed repairs, depreciation, the presence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property, or that he or she became aware of during the normal research involved in performing the appraisal. Unless otherwise stated in the appraisal report, the appraiser has no knowledge of any hidden or unapparent conditions of the property, or adverse environmental conditions (including, but not limited to, the presence of hazardous wastes, toxic substances, etc.) that would make the property more or less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties, express or implied, regarding the condition of the property. The appraiser will not be responsible for any such conditions 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, the appraisal report must not be considered as an environmental assessment of the property. - The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal report from sources that he or she considers to be reliable and believes them to be true and correct. The appraiser does not assume responsibility for the accuracy of such items that were furnished by other parties. - The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice, and any applicable federal, state or local laws. - If this appraisal is indicated as subject to satisfactory completion, repairs, or alterations, the appraiser has based his or her appraisal report and valuation conclusion on the assumption that completion of the improvements will be performed in a workmanlike manner. - An appraiser's client is the party (or parties) who engage an appraiser in a specific assignment. Any other party acquiring this report from the client does not become a party to the appraiser-client relationship. Any persons receiving this appraisal report because of disclosure requirements applicable to the appraiser's client do not become intended users of this report unless specifically identified by the client at the time of the assignment. - The appraiser's written consent and approval must be obtained before this appraisal report can be conveyed by anyone to the public, through advertising, public relations, news, sales, or by means of any other media, or by its inclusion in a private or public database. - An appraisal of real property is not a 'home inspection' and should not be construed as such. As part of the valuation process, the appraiser performs a non-invasive visual inventory that is not intended to reveal defects or detrimental conditions that are not readily apparent. The presence of such conditions or defects could adversely affect the appraiser's opinion of value. Clients with concerns about such potential negative factors are encouraged to engage the appropriate type of expert to investigate. The Scope of Work is the type and extent of research and analyses performed in an appraisal assignment that is required to produce credible assignment results, given the nature of the appraisal problem, the specific requirements of the intended user(s) and the intended use of the appraisal report. Reliance upon this report, regardless of how acquired, by any party or for any use, other than those specified in this report by the Appraiser, is prohibited. The Opinion of Value that is the conclusion of this report is credible only within the context of the Scope of Work, Effective Date, the Date of Report, the Intended User(s), the Intended Use, the stated Assumptions and Limiting Conditions, any Hypothetical Conditions and/or Extraordinary Assumptions, and the Type of Value, as defined herein. The appraiser, appraisal firm, and related parties assume no obligation, liability, or accountability, and will not be responsible for any unauthorized use of this report or its conclusions. Under USPAP Standards Rule 2-2(b), this is a Restricted Appraisal Report, and is intended only for the sole use of the named client. There are no other intended users. The client must clearly understand that the appraiser's opinions and conclusions may not be understood properly without additional information in the appraiser's work file. In developing this appraisal, the appraiser has incorporated only the Sales Comparison Approach. The appraiser has excluded the Cost and Income Approaches to Value, due to being inapplicable given the limited scope of the appraisal. The appraiser has determined that this appraisal process is not so limited that the results of the assignment are no longer credible, and the client agrees that the limited scope of analysis is appropriate given the intended use. Additional Comments (Scope of Work, Extraordinary Assumptions, Hypothetical Conditions, etc.): Copyright 2013 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited. Form GPRTD2AD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE 12/2013

Eckhardt/Personal File No.: MA-180162 State: TX Zip Code: 77372 Certifications Property Address: : Client: Address: 28465 FM 2090,, TX 77372 Appraiser: Address: 11321 SH 150 E / PO BOX 1211, Shepherd, TX 77371 Bruce E. Martin APPRAISER'S CERTIFICATION I certify that, to the best of my knowledge and belief: - The statements of fact contained in this report are true and correct. - The credibility of this report, for the stated use by the stated user(s), of the reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions, and are my personal, impartial, and unbiased professional analyses, opinions, and conclusions. - 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 parties involved. - Unless otherwise indicated, I have performed no services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment. - I have no bias with respect to the property that is the subject of this report or to 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 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. - My analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice that were in effect at the time this report was prepared. - I did not base, either partially or completely, my analysis and/or the opinion of value in the appraisal report on the race, color, religion, sex, handicap, familial status, or national origin of either the prospective owners or occupants of the subject property, or of the present owners or occupants of the properties in the vicinity of the subject property. - Unless otherwise indicated, I have made a personal inspection of the property that is the subject of this report. - Unless otherwise indicated, no one provided significant real property appraisal assistance to the person(s) signing this certification. Additional Certifications: SEE ADDENDUMS DEFINITION OF MARKET VALUE *: Market value means the most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: 1. Buyer and seller are typically motivated; 2. Both parties are well informed or well advised and acting in what they consider their own best interests; 3. A reasonable time is allowed for exposure in the open market; 4. Payment is made in terms of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and 5. The price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale. * This definition is from regulations published by federal regulatory agencies pursuant to Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) of 1989 between July 5, 1990, and August 24, 1990, by the Federal Reserve System (FRS), National Credit Union Administration (NCUA), Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS), and the Office of Comptroller of the Currency (OCC). This definition is also referenced in regulations jointly published by the OCC, OTS, FRS, and FDIC on June 7, 1994, and in the Interagency Appraisal and Evaluation Guidelines, dated October 27, 1994. Client Contact: E-Mail: Client Name: Address: 28465 FM 2090,, TX 77372 SIGNATURES APPRAISER SUPERVISORY APPRAISER (if required) or CO-APPRAISER (if applicable) Appraiser Name: Bruce E. Martin Company: Martin Appraisal & Consulting Co. Phone: (936) 628-2191 Fax: (936) 628-1430 E-Mail: bmartin@martinappraisalco.com Date Report Signed: 05/16/2018 License or Certification #: State: TX 1321092 Designation: Martin Appraisal & Consulting Co Expiration Date of License or Certification: 07/31/2019 Inspection of Subject: Interior & Exterior Exterior Only None Date of Inspection: 04/19/2018 Supervisory or Co-Appraiser Name: Company: Phone: Fax: E-Mail: Date Report Signed: License or Certification #: Designation: Expiration Date of License or Certification: Inspection of Subject: Interior & Exterior Date of Inspection: State: Exterior Only None Copyright 2013 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited. Form GPRTD2AD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE 12/2013

Martin Appraisal and Consulting Eckhardt/Personal File No.: MA-180162 State: TX Zip Code: 77372 MARKET AREA DESCRIPTION ASSIGNMENT SUBJECT RESIDENTIAL APPRAISAL REPORT Property Address: County: Montgomery Legal Description: : Shady Dale PT LT 38, 39, 1.50 ac Assessor's Parcel #: R158834,R158835 Tax Year: 2018 R.E. Taxes: $ 11,250 Special Assessments: $ 0 (if applicable): Manufactured Housing Current Owner of Record: Occupant: Owner Tenant Vacant Project Type: PUD Condominium Cooperative Other (describe) HOA: $ 0 per year per month Market Area Name: Map Reference: 26420 Census Tract: 6928.01, TX The purpose of this appraisal is to develop an opinion of: Market Value (as defined), or other type of value (describe) This report reflects the following value (if not Current, see comments): Current (the Inspection Date is the Effective Date) Retrospective Prospective Approaches developed for this appraisal: Sales Comparison Approach Cost Approach Income Approach (See Reconciliation Comments and Scope of Work) Property Rights Appraised: Fee Simple Leasehold Leased Fee Other (describe) Intended Use: Determination of sales price for possible sale. Intended User(s) (by name or type): Herein named client only Client: Appraiser: Bruce E. Martin Location: Urban Suburban Rural Built up: Over 75% 25-75% Under 25% Growth rate: Rapid Stable Slow Property values: Increasing Stable Declining Demand/supply: Shortage In Balance Over Supply Marketing time: Under 3 Mos. 3-6 Mos. Over 6 Mos. Address: 28465 FM 2090,, TX 77372 Address: 11321 SH 150 E / PO BOX 1211, Shepherd, TX 77371 Predominant Occupancy One-Unit Housing PRICE $(000) Present Land Use Change in Land Use Not Likely 82 % Owner 90 Likely * In Process * 4% Tenant 10 150 Low 0 4 % * To: Vacant (0-5%) 999 High 60 10 % Vacant (>5%) 325 Pred 25 0% Market Area Boundaries, Description, and Market Conditions (including support for the above characteristics and trends): North-SH 105, South-SH 242, EastPeach Creek, West-The County Line. Demand is good in this market for homes of all types. New homes have been recently placed within the subject neighborhood. Current mortgage lending terms and rates are restrained, however sales of existing homes are adequate, and brokers are active in this market. These are all very good indicators of positive market conditions in the neighborhood. Recent improvements to infrastructure, and roads have reduced commute times, making more accessible to a greater population of potential home buyers than ever before. schools are highly rated, making this area a popular destination for many new families. Overall the future of the area is considered positive, with growth limited only by flood locations and public utility availability. Dimensions: Irregular - SEE HYPOTHETICAL CONDITIONS ADDENDUM Zoning Classification: None Zoning Compliance: Legal Are CC&Rs applicable? Yes No Unknown Have the documents been reviewed? Highest & Best Use as improved: Present use, or Other use (explain) SITE DESCRIPTION AGE (yrs) Actual Use as of Effective Date: Summary of Highest & Best Use: Residential Development See Addendum One-Unit 2-4 Unit Multi-Unit Comm'l Site Area: 21.5 ac Description: No Zoning Legal nonconforming (grandfathered) Yes No Ground Rent (if applicable) Use as appraised in this report: Illegal $ No zoning / Residential Development Type Public Private Topography Public Other Provider/Description Off-site Improvements Level at grade Size Electricity Street Entergy Asphalt Adequate for development Shape Gas Curb/Gutter None Propane Irregular Drainage Water Sidewalk Well None Adequate View Sanitary Sewer Street Lights Vapor Septic N;Rural; Storm Sewer Alley None None Other site elements: Inside Lot Corner Lot Cul de Sac Underground Utilities Other (describe) FEMA Spec'l Flood Hazard Area Yes No FEMA Flood Zone X FEMA Map # 48339C0625G FEMA Map Date 08/18/2014 Site Comments: No adverse easements or encumbrances were noted or observed during inspection. No illegal or non-conforming uses were Utilities DESCRIPTION OF THE IMPROVEMENTS observed during inspection. Septic sewer is typical and accepted in this market without loss of marketability or value. Fire and police protection by Montgomery Co Sheriff's office and local VFD. Access per HYPOTHETICAL Assumption - See Attached General Description # of Units Acc.Unit 1 # of Stories 1.0 Type Det. Att. Design (Style) DT1.0;Ranch Existing Proposed Und.Cons. Actual Age (Yrs.) 48 Effective Age (Yrs.) 15 Interior Description Floors Wd/Tile- Walls Texture/Paint- Trim/Finish Wood- Bath Floor Tile- Bath Wainscot Tile/Unit- Doors Wood Exterior Description Foundation Exterior Walls Roof Surface Gutters & Dwnspts. Window Type Storm/Screens Appliances Refrigerator Range/Oven Disposal Dishwasher Fan/Hood Microwave Washer/Dryer 10 Rooms Foundation Basement Heating Yes None Slab Area Sq. Ft. 0 Type Yes-Avg Central Crawl Space None % Finished Fuel 0 Elect Basement Ceiling None Cooling Yes Sump Pump Walls Dampness Floor Central X Settlement None noted Outside Entry Other Infestation None noted Attic Car Storage None Amenities None Stairs Fireplace(s) # 0 Woodstove(s) # 0 Garage # of cars ( 2 Tot.) Drop Stair Patio Attach. Covered Outbldgs Lg Metal Bldg Scuttle Deck Detach. Doorway Porch Covered Blt.-In Floor Fence Ag fence Carport Heated Pool Driveway None 2 Finished Surface Gravel Other Pond 3 Bedrooms 3.0 Bath(s) 2,982 Square Feet of Gross Living Area Above Grade Slab- BV-Gd Comp-GD None Aluminum-Gd Mesh-Gd Finished area above grade contains: Additional features: Ceiling fans in bedrooms and the main areas. Tile Counters, Wood Cabinets, 5 burner stove Describe the condition of the property (including physical, functional and external obsolescence): C3;Kitchen-remodeled-one to five years ago;bathrooms-remodeled-one to five years ago; The home is in GOOD condition. The home suffers no functional loss as a result of construction. It is located in an area of similar rural residential development indicating no external loss. Effective age is about 15 years. Copyright 2007 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited. Form GPRES2 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE 3/2007

Eckhardt/Personal File No.: MA-180162 TRANSFER HISTORY RESIDENTIAL APPRAISAL REPORT 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): HARMLS, Appraisal District 1st Prior Subject Sale/Transfer Analysis of sale/transfer history and/or any current agreement of sale/listing: No other sales of the subject are reported Date: in the prior 36 months. No sales of the comps within the prior 12 months. Price: Source(s): HARMLS, Appr Dist 2nd Prior Subject Sale/Transfer Date: Price: Source(s): The Sales Comparison Approach was not developed for this appraisal. SALES COMPARISON APPROACH TO VALUE (if developed) FEATURE SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3 Address 621 Oakridge Dr 1401 Alsobrooks Rd 1910 County Road 2307 SALES COMPARISON APPROACH, TX 77372 Proximity to Subject Sale Price Sale Price/GLA Data Source(s) Verification Source(s) VALUE ADJUSTMENTS Sales or Financing Concessions Date of Sale/Time Rights Appraised Location Site View Design (Style) Quality of Construction Age Condition Above Grade Room Count Gross Living Area Basement & Finished Rooms Below Grade Functional Utility Heating/Cooling Energy Efficient Items Garage/Carport Porch/Patio/Deck Cleveland, TX 77328 10.17 miles N $ $ 0.00 Cleveland, TX 77327 14.15 miles E $ $ $ 460,000 350,000 320,000 $ $ 168.44 /sq.ft. 150.15 /sq.ft. 144.34 /sq.ft. HARMLS#98640916;DOM 31 HARMLS#9411386;DOM 149 HARMLS#79484552;DOM 182 Brkr/Ext View/San Jac CAD Brkr/Ext View/San Jac CAD Brkr/Ext View/Liberty CAD /sq.ft. $ MCAD/MCTO Inspection DESCRIPTION DESCRIPTION None 0.00 04/19/2018 Fee Simple N;Res; 21.5 ac N;Rural; DT1.0;Ranch 48 ArmLth Cash;0 04/09/2018 Fee Simple N;Res; 36.5 Acres N;Rural; DT1.0;Ranch 43 Total Bdrms Total Bdrms 10 Cleveland, TX 77328 14.72 miles NW 3 Baths 3.0 2,982 sq.ft. 0sf 8 4 +(-) $ Adjust. Baths 2.1 2,731 sq.ft. 0sf Adequate CHCA Wd Fp 2dw CvrPrch/CvrPto Adequate CHCA 2 Wd Fp 2cpt2dw Prch/Cvr Pto Outbuildings/Amenities Lrg Mtl Bldg/LfngShed Shop/GstHse Pool/ Other Amenities/Loss Pond/Pier Ingrnd Gunite Sale/List Ratio None 97% Access Easement Public Road Net Adjustment (Total) Adjusted Sale Price of Comparables Summary of Sales Comparison Approach + Net Gross DESCRIPTION -1,000-3,000 0-10,000-10,000 0 - $ 12.4 % 25.0 % $ +(-) $ Adjust. ArmLth Conv;0 02/23/2018 Fee Simple N;Res; +70,000 37.93 ac N;Rural; DT1.0;Ranch 0 29 Average -5,000 Total Bdrms Baths +1,000 7 3 2.1 +15,100 2,331 sq.ft. 0sf Adequate CHCA Wd Fp 2cpt2dw Prch/CvrPto Small Shed 3 Ponds 88% Public Road + 57,100 517,100 Net Gross Total Bdrms +1,000 7 +39,100 0sf -3,000 0 +25,000 0 0 0 - $ 49.5 % 51.2 % $ DESCRIPTION +(-) $ Adjust. ArmLth VA;1600 09/08/2017 Fee Simple N;Res; +76,000 12.50 ac N;Rural; DT1.0;Ranch 0 12 +35,000 +140,000 0 Baths 2.1 2,217 sq.ft. Adequate CHCA Wd Fp 2cpt2dw CvrPrch/Patio Small Barn Pond 71% Easement + 173,100 523,100 3-1,600 Net Gross +1,000 +45,900-3,000 0 +25,000 0 0 $ 207,300 64.8 % 67.7 % $ - 527,300 See attached addenda. Indicated Value by Sales Comparison Approach $ 530,000 Copyright 2007 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited. Form GPRES2 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE 3/2007

Eckhardt/Personal File No.: MA-180162 ADDITIONAL COMPARABLE SALES FEATURE SUBJECT Address COMPARABLE SALE # 4, TX 77372 SALES COMPARISON APPROACH Proximity to Subject Sale Price Sale Price/GLA Data Source(s) Verification Source(s) VALUE ADJUSTMENTS Sales or Financing Concessions Date of Sale/Time Rights Appraised Location Site View Design (Style) Quality of Construction Age Condition Above Grade Room Count Gross Living Area Basement & Finished Rooms Below Grade Functional Utility Heating/Cooling Energy Efficient Items Garage/Carport Porch/Patio/Deck $ $ 0.00 COMPARABLE SALE # 6 29231 Lazy Pine Dr Huffman, TX 77336 9.56 miles S $ $ 635,000 419,000 $ $ 201.59 /sq.ft. 199.24 /sq.ft. HARMLS#30785015;DOM 34 HARMLS#85656831;DOM 459 Brkr/Ext View/Liberty CAD Brkr/Ext View/Harris CAD $ /sq.ft. $ MCAD/MCTO Inspection DESCRIPTION DESCRIPTION None 0.00 04/19/2018 Fee Simple N;Res; 21.5 ac N;Rural; DT1.0;Ranch 48 ArmLth Conv;0 08/21/2017 Fee Simple N;Res; 25.10 ac N;Rural; DT1.0;Ranch 3 Very Total Bdrms Total Bdrms 10 COMPARABLE SALE # 5 9075 FM 1008 Dayton, TX 77535 13.54 miles E 3 Baths 3.0 2,982 sq.ft. 0sf 8 4 +(-) $ Adjust. Baths 2.1 3,150 sq.ft. 0sf Adequate CHCA Wd Fp 2dw CvrPrch/CvrPto Adequate CHCA None 3gd2dw Wrap Porch Outbuildings/Amenities Lrg Mtl Bldg/LfngShed LrgMtlBldg/RVCvr Pool/ Other Amenities/Loss Pond/Pier Pond Sale/List Ratio None 96% Access Easement Public Road Net Adjustment (Total) Adjusted Sale Price of Comparables Summary of Sales Comparison Approach + Net Gross - $ 15.9 % 53.1 % $ DESCRIPTION +(-) $ Adjust. ArmLth Conv;0 05/10/2017 Fee Simple N;Res; +116,000 15.25 ac N;Rural; DT1.0;Ranch 0 21-190,000-5,000 Total Bdrms Baths +1,000 7 3 2.1-10,100 2,103 sq.ft. 0sf +1,000-9,000-5,000 0 0 0 + Net 533,900 Gross - DESCRIPTION +(-) $ Adjust. +67,000 0 Total Bdrms Baths +1,000 +52,700 Adequate CHCA Wd Fp 2dw Prch/CvrPto LrgMtlBldg/Sheds Pond 93% Public Road -101,100 /sq.ft. sq.ft. 0 0 0 0 $ 28.8 % 28.8 % $ + 120,700 Net 539,700 Gross - $ % %$ Copyright 2007 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited. Form GPRES2.(AC) - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE 3/2007

Eckhardt/Personal File No.: MA-180162 RESIDENTIAL APPRAISAL REPORT The Cost Approach was not developed for this appraisal. Provide adequate information for replication of the following cost figures and calculations. Support for the opinion of site value (summary of comparable land sales or other methods for estimating site value): COST APPROACH TO VALUE (if developed) COST APPROACH Site value is based on sales of similar acreage lots in the subject subdivision and surrounding area at about $13,250 per acre. Subject total site value is $285,000 (R) for 21.50 acres. CMA and sales analysis retained in workfile. ESTIMATED REPRODUCTION OR REPLACEMENT COST NEW Source of cost data: Q4 2018 Marshall & Swift Quality rating from cost service: Effective date of cost data: 12/2017 Comments on Cost Approach (gross living area calculations, depreciation, etc.): Depreciation is based on actual age/life ratio using 15 years effective age, and a total useful life of 60 years. External loss of 20% is calculated based on sales as adjusted, reflecting added local modifier for the subject RCN and ancillary structures. In other words, the market won't pay as much as it costs to build after considering typical depreciation. Site preparation, & utility connections, are estimated to contribute about $5,000.00 in actual value. INCOME APPROACH 2,982 Sq.Ft. @ $ 0 Sq.Ft. @ $ Sq.Ft. @ $ Sq.Ft. @ $ Sq.Ft. @ $ 122.13 Lrg Mtl Barn/Shed Garage/Carport 1,008 Sq.Ft. @ $ Total Estimate of Cost-New Less Physical Functional Depreciation 112,298 Depreciated Cost of Improvements ''As-is'' Value of Site Improvements INCOME APPROACH TO VALUE (if developed) =$ =$ =$ =$ =$ =$ =$ =$ =$ 285,000 364,192 =$( =$ =$ =$ =$ =$ 202,136) 247,056 5,000 85,000 449,192 External 45 Years INDICATED VALUE BY COST APPROACH The Income Approach was not developed for this appraisal. Estimated Remaining Economic Life (if required): 89,838 537,056 Indicated Value by Income Approach Estimated Monthly Market Rent $ X Gross Rent Multiplier =$ Summary of Income Approach (including support for market rent and GRM): This is not a noted rental market. The income approach is considered inappropriate in this case, and is omitted. PROJECT INFORMATION FOR PUDs (if applicable) PUD OPINION OF SITE VALUE DWELLING The Subject is part of a Planned Unit Development. Legal Name of Project: Describe common elements and recreational facilities: Indicated Value by: Sales Comparison Approach $ Final Reconciliation 530,000 Cost Approach (if developed) $ 537,056 Income Approach (if developed) $ The cost approach measures the value of the subject in comparison to a replacement of equal size, quality, and age based on depreciated reproduction costs. The Sales comparison approach measures the thinking of market participants. Greatest weight is on the sales comparison approach placing the EQUAL weight on ALL sales as RECONCILIATION having the similar overall adjustment ratios, and levels of similarity to the subject. The income approach is not considered as this is not an income market and it is an inappropriate approach. This appraisal is made ''as is'', subject to completion per plans and specifications on the basis of a Hypothetical Condition that the improvements have been completed, subject to the following repairs or alterations on the basis of a Hypothetical Condition that the repairs or alterations have been completed, subject to the following required inspection based on the Extraordinary Assumption that the condition or deficiency does not require alteration or repair: As Is This report is also subject to other Hypothetical Conditions and/or Extraordinary Assumptions as specified in the attached addenda. ATTACHMENTS Based on the degree of inspection of the subject property, as indicated below, defined Scope of Work, Statement of Assumptions and Limiting Conditions, and Appraiser s Certifications, my (our) Opinion of the Market Value (or other specified value type), as defined herein, of the real property that is the subject of this report is: $, as of:, which is the effective date of this appraisal. 530,000 04/19/2018 If indicated above, this Opinion of Value is subject to Hypothetical Conditions and/or Extraordinary Assumptions included in this report. See attached addenda. A true and complete copy of this report contains 51 pages, including exhibits which are considered an integral part of the report. This appraisal report may not be properly understood without reference to the information contained in the complete report. Attached Exhibits: Scope of Work Map Addenda Hypothetical Conditions Client Contact: E-Mail: Limiting Cond./Certifications Additional Sales Extraordinary Assumptions Narrative Addendum Cost Addendum Sketch Addendum Manuf. House Addendum Client Name: Address: 28465 FM 2090,, TX 77372 APPRAISER SIGNATURES Photograph Addenda Flood Addendum SUPERVISORY APPRAISER (if required) or CO-APPRAISER (if applicable) Appraiser Name: Bruce E. Martin Company: Martin Appraisal & Consulting Co. Phone: (936) 628-2191 Fax: (936) 628-1430 E-Mail: bmartin@martinappraisalco.com Date of Report (Signature): 05/16/2018 License or Certification #: State: TX 1321092 Designation: Martin Appraisal & Consulting Co Expiration Date of License or Certification: 07/31/2019 Inspection of Subject: Interior & Exterior Exterior Only None Date of Inspection: 04/19/2018 Supervisory or Co-Appraiser Name: Company: Phone: Fax: E-Mail: Date of Report (Signature): License or Certification #: Designation: Expiration Date of License or Certification: Inspection of Subject: Interior & Exterior Date of Inspection: State: Exterior Only None Copyright 2007 by a la mode, inc. This form may be reproduced unmodified without written permission, however, a la mode, inc. must be acknowledged and credited. Form GPRES2 - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE 3/2007

Sales Comparison Approach Adjustment Comments File No. MA-180162 Property Address URAR: Sales Comparison Analysis - Summary of Sales Comparison Approach CONDITIONS OF SALE: All sales are similar for property rights and date of sale. Where indicated, sales are adjusted for seller concessions at the reported rate. This is calculated as determined by the cash equivalency clause of the highest and best use. No other adjustment is indicated. SITE VALUE: Sales are adjusted for site value based on reported sales of similar sites in the subdivision. The subject site value of $13,250/acre or $285,000 (r) based on recent sales in the immediate area of similar sites. All of the sales are all located on acreage sites of varying size and location. Sales are adjusted for size and overall use and utility based on reported rates or similar sites near by each sale. Overall use and utility are similar. All of the sales are adjusted upward for site contribution due to differences in either site size, or market location. Over the entire area represented by the sales, land vales range from $8,000 to as high as $14,000/acre. The areas north of the subject are considered inferior for site value contribution. There are sales of similar size vacant sites and similarly improved properties reported prior 12 months to the south and southwest of the subject. No other adjustment for site contribution is indicated. Subject Land sales CMAs are retained in the workfile. LOCATION/VIEW: All sales are located on residential sites with similar rural road view. No additional adjustment is indicated for Location/View. DESIGN/STYLE: All sales are considered similar for design/style. There is no support for adjustment due to this feature. No adjustment is indicated. QUALITY: All sales are considered similar for quality. No other adjustment is indicated. AGE: The subject is relatively similar to all of the sales. NO adjustment for age is indicated after considering overall condition. NO adjustment for age is supported. CONDITION: All sales are rated as AVERAGE, GOOD or VERY GOOD condition, having NO remodeling, having been remodeled or in new or like new condition. Condition is based on MLS descriptions, Photos, and broker comments for each sale. Sale #2 is inferior for condition, Sale #4 is superior for condition. Both are adjusted in comparison to the other sales which are similar to the subject for condition, after other adjustments are made. No other adjustments are indicated or supported. BED/BATH COUNT: Each sale is adjusted for bed/bath count @ $5,000 & $2,000 each respectively ($1,000/1/2 bath). This adjustment is based on comparison of the sales similar to the subject, versus superior sales, and other sales in the market where adequate sales data is available. NOTE: Where analysis reveals differences in reported bed/bath count per MLS and other data sources including property inspections. The most trusted data is used in the sales analysis. GLA: All sales are adjusted for size at $60 psf. This is based on interpolation and best fit bracketing. ENERGY EFFICIENT ITEMS: Several sales are reported as INFERIOR to the subject for FIREPLACE. Each is adjusted upward for this feature at a rate of $1,000 or about 50% of estimated RCN. No additional adjustment is indicated or supported for this feature. CAR STORAGE: All sales are adjusted at $3,000/bay for garage and $1,500/bay for carports. This adjustment is based on historic evidence in this and other markets for this feature, and on direct analysis of these sales confirming the prior market indicator. No additional adjustment is indicated. AMENITIES: BASED ON THE HYPOTHETICAL CONDITIONS ATTACHED, The subject is improved with a large metal barn with an air conditioned but incomplete living unit, and an attached equipment shed. The sales are reported with a wide range of inferior, similar or superior for amenities. Each is adjusted, at a rate of about 50% of RCN, in comparison to the sales that are reported as similar for these features. less any offsetting contribution calculated at the same rate attributed to the subject. Several are reported with guest apartments, swimming pools, and large Metal buildings. Recognizing that similar amenities generally produce a positive contribution. No other adjustment is indicate d or supported. ACCESS: Based on the HYPOTHETICAL CONDITION, The subject is located on a private easement with dedicated access to FM 2090. Sale #3 is reported with similar location and access characteristics. After other adjustments are made, there is no support for additional discount or premium associated with this access characteristic. No adjustment is supported. Sale #3 supports the value conclusion, and the HYPOTHETICAL LOCATION/ACCESS CONDITION. NOTE: There is no support for location adjustment across major roads or rivers. There is no support for additional condition adjustment. Form TADD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Appraisal Addendum File No. MA-180162 Property Address Appraiser Fee: $750.00 Paid COD Total Fee $750.00 Paid COD This is an "Appraisal Report" YOC and Effective age: Similar size homes have sold throughout the area. There are inadequate sales of homes having YOC less than or equal to 5 years variance of the subject's estimated YOC. Therefore sales having similar size and location in the neighborhood are used as support for the value estimate. Each is adjusted based on effective age estimate at the rates stated in the Sales Comparison Approach. GLA: There are inadequate sales of homes meeting the appraisal condition for less than 20% variation in GLA within the specified sales date limits as outlined in the engagement letter. Therefore sales having GLA in excess of 20% of the subject GLA are used as support for the value estimate. AGE VARIATION: This is a custom RURAL area and community. Sales are infrequent and non-homogeneous. Custom homes of all ages sell throughout the community. Variation is age is expected and accounted for based on market supported methodology. No added affect on marketability is supported. COMPARABLE SALES PRICE vs SUBJECT VALUE OPINION: Sales of homes in the market area are selected based on physical features and location. The most recent sales having sold and possessing the greatest degree of similarity without regard to price are selected. The value of the subject is an unknown and is not predetermined prior to the selection and adjustment of the sales. Predetermination of value is a USPAP violation. Therefore any appraisal condition requiring predetermination of value is ignored as inconsistent with USPAP. SUBJECT FINAL VALUE OPINION: The subject is a custom home in a RURAL market. Many homes are highly customized in this market. The subject is similar in many respects to the available current sales database. After adjustment for various amenities, the subject's value falls within the unadjusted sales price of the sales. These sales reflect the best data available. Arbitrary guidelines dictating specific value ranges violate the USPAP condition prohibiting a pre-determined value. The value opinion is concluded without limit or constraint as to predetermined ranges prescribed by guidelines, and is based on the best available data. Subject Value Vs predominant Value: The subject market area and neighborhood is described as a RURAL market area. There is a wide variation in overall physical description, (age, GLA, quality etc..) site size, and amenities contributing to value of individual property values. The subject is a custom home on rural lot in a typical location with amenities similar to many in the area. Based on sales comparisons, and depreciated cost methodology, value is determined without regard to neighborhood estimated predominant value. The subject is typical of and similar to many homes in the area. Based on accepted methodology, the value opinion falls within the value range for the neighborhood. This is not indicative of an under or over improvement or of market conditions that indicate higher or lower alternate values overall. The analysis supports the conclusion that the subject is one of many properties, in the neighborhood to be considered typical of the median value level. There is no indicated positive or negative affect on value or marketability outside that demonstrated in this analysis. INDIVIDUAL LINE ADJUSTMENTS: All sales are adjusted based on market observation in comparison to the subject. In some cases this may produce an individual adjustment in excess of 10% of the original sales price. Based on the determination that the sales used in the analysis are the best and most current available individual adjustments in excess of 10% may occur. No other sales reviewed produce any lower individual adjustment. Therefore the sales used are considered the most similar and best support available. Please refer to the adjustment grid for specific adjustments associated with individual sales. NET ADJUSTMENTS: All sales are adjusted based on market observation in comparison to the subject. In some cases this may produce a net adjustment in excess of 15% of the original sales price. Based on the determination that the sales used in the analysis are the best and most current available net adjustments in excess of 15% may occur. No other sales reviewed produce any lower net adjustment. Therefore the sales used are considered the most similar and best support available. Please refer to the adjustment grid for specific adjustments associated with individual sales. GROSS ADJUSTMENT: All sales are adjusted based on market observation in comparison to the subject. In some cases this may produce a combination or gross adjustment in excess of 25% of the original sales price. Based on the determination that the sales used in the analysis are the best and most current available, gross adjustments in excess of 25% may occur. No other sales reviewed produce any lower gross adjustment. Therefore the sales used are considered the most similar and best support available. Please refer to the adjustment grid for specific adjustments associated with individual sales. AMENITIES ADJUSTMENTS: Large RURAL homes are generally custom construction and are continually developed and added to over time by the current occupant. The subject and the sales may have been improved with outbuildings or other amenities of various age and quality. There is no direct correlation in contributory value attributable to any of these outbuildings/amenities. Each sale is adjusted for similarity to the subject for outbuildings/amenities and the relative contributory value of each. All sales are adjusted as inferior or superior to the subject for total contributory value of outbuildings/amenities based on one of several methods. Pair sales where possible are used. Where no direct comparison is possible, each sale is adjusted for net contributory value of outbuildings/amenities based on the depreciated RCN estimate of each versus the subject outbuildings using approximately 50% of estimate RCN of each as the net adjustment. Reasonable Exposure Time (USPAP definition) Exposure time is always presumed to precede the effective date of the appraisal. It is the estimated length of time the property would have been offered on the market, prior to the hypothetical sale, at the appraised value, on the effective date of the appraisal. It is a retrospective estimate based on an analysis of past events assuming a competitive and open market. This includes not only adequate, sufficient and reasonable time, but adequate, Form TADD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Appraisal Addendum File No. MA-180162 Property Address sufficient and reasonable effort. It is often expressed as a range and is based on the following: 1. Statistical information about days on the market, most commonly obtained from the local Multiple Listing Service. 2. Information gathered through sales verification. 3. Interviews with market participants. Under current market conditions, the reasonable exposure time for the subject property is approximately THREE to SIX months. This is based on the analyses of current market trends in the general area and takes into account the size, condition and price range of the subject property and surrounding area. It presupposes that the listed price would be at or near the appraised value. It also assumes aggressive professional marketing by reputable local real estate offices. PROSPECTIVE INTEREST: I have no present or prospective interest in the subject property or the parties involved. PRIOR SERVICE: "I have performed NO services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment." 6 MONTHS SALE DATE: Several sales may be in excess of six months date of sale, but are still considered current in this market. Sales transactions occur slowly in small towns. Sales of similar properties are infrequent, and sales within the prior 12 months are generally considered current and require no adjustment for date of sale. These sales add support for the value opinion, and are similar for many physical and locational characteristics. ZONING: The subject community is NOT zoned AND IS NOT subject to land use restrictions. HOME INSPECTION DISCLAIMER: The appraiser is not a home inspector, and this appraisal report is not a home inspection; the appraiser only performed a visual observation of accessible areas and the appraisal report cannot be relied upon to disclose conditions and/or defects in the property. OTHER LAND USES: These Includes timber production, Agriculture, and recreational uses. This is a rural community with historic affiliation with timber production, agriculture, and other open land use. It has no detrimental affect on marketability. Economic Life Calculation: Based on observed construction components and construction style, and public records the homes is estimated to be about 48 years old. There are no other records or information available by which actual date of construction may be determined. Actual age is calculated as 48 years. Effective age is estimated to be 15 years and less than actual age due to maintenance and observed condition. The home has been well maintained and has suffered no excessive wear over time that has not been adequately addressed. The overall effective age is less than actual age. Total economic life for this class of structure is estimated as 60 years. Effective Remaining Economic Life (EREL) of 45 years is estimated. EREL does take into account the required repairs as described. ZONING: The subject is located in a community that has NO municipal land use control regulation (ZONING). There is no adverse affect on marketability due to LACK OF land use controls. Land uses in the neighborhood are consistent and unlikely to change in the extended future. DOM: As reported the population sales median DOM for this community is between 30 and 180 days. This includes all sales of all property descriptions in the area. This is a small community with a wide range of property improvement description. DOM for specific sales may be less than 30 in some cases, and in excess of 300 in others. This range of DOM is the result/combination of buyer preference, timing, and price. The sales reported herein reflect a similar range of DOM. There is no evidence to support any adjustment in price or value change, nor to conclude any variation in marketability of the sales or the subject based on indicated DOM. The reported adjustments to sales prices of the comparables can and are readily attributable to other physical factors, than any marketing time of DOM. NO adjustment in value can be supported based on DOM. Sales may reflect DOM in excess of 180 days. These sales are similar to the subject and is reported as arms length sales. There is no indicated discount or support for exclusion of this sale based on DOM alone. In all other respects, these sales are considered similar and reliable support for the value opinion. PREDOMINANT VALUE vs SUBJECT VALUE: The range of value is very wide. The subject value falls well within the range, below the median estimate. The subject is not an under improvement in this market. The subject is considered typical of many custom homes located in Montgomery Co Texas. Value Reconciliation: More sales are reviewed than reported. The most similar sales in terms of sales date, market location and physical description are reported so as to reduce the total level of adjustment. After comparison and adjustment for all SUPPORTABLE characteristics, these sales reflect a range of value generally in excess of $300,000. After consideration of these sales as adjusted, the market value opinion is considered in the middle of the range of the 3 most recent sales but relying on other sales in the set as most similar and least adjusted. Since these sales reflect the most recent evidence of market preference. REPLACEMENT: The subject structure can be rebuilt if destroyed without conflict with any land use regulations. AGRICULTURE USE and INCOME PRODUCTION: The subject property is not used as commercial agriculture, and based on inspection, no income producing agricultural activities are present or indicated to have been practiced prior to the appraisal date. Form TADD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Appraisal Addendum File No. MA-180162 Property Address Sales Research: Sales of similar homes within the area to include parts of Montgomery, San Jacinto, and Liberty Counties, using the 1 MLS system(s), for a period of 1 year prior to the effective date were researched. MORE SALES WERE REVIEWED THAN ARE REPORTED. ONLY THE MOST SIMILAR OF THE GROUP ARE REPORTED IT IS THE APPRAISER'S BELIEF THE SALES REPORTED HEREIN ARE; 1) THE MOST RECENT 2) THE MOST SIMILAR 3) THE BEST AVAILABLE SELLER CONCESSIONS: The market value definition specifies "...in terms cash or equivalent..." This means the cash to seller. Concessions or items paid by the seller as reported by the broker are a direct reduction in price paid, and a condition of sale. This is specific to each sale as is the sales price. It is not a "Market reaction" Therefore all sales where seller paid items for the buyer or repairs made by the seller to facilitate the sale are reported they are deducted dollar for dollar from the sales price as an adjustment to the cash equivalent price. UNADJUSTED COMPARABLE SALES PRICE RANGE EXCEEDS 20% Sales of homes in the market area are selected based on physical features and location. The most recent sales having sold and possessing the greatest degree of similarity without regard to price are selected. The value of the subject is an unknown and is not predetermined prior to the selection and adjustment of the sales. Predetermination of value is a USPAP violation. Appraisal condition requiring predetermination of value are ignored as inconsistent with USPAP. There are limited numbers of sales available. Price distribution is not a criteria for sales selection. ADJUSTED SALES PRICE RANGE EXCEEDS 10% Sales of homes in the market area are selected based on physical features and location. The most recent sales having sold and possessing the greatest degree of similarity without regard to price are selected. The value of the subject is an unknown and is not predetermined prior to the selection and adjustment of the sales. Predetermination of value is a USPAP violation. Appraisal condition requiring predetermination of value are ignored as inconsistent with USPAP. There are limited numbers of sales available. Price distribution is not a criteria for sales selection. Market information is imperfect, especially in wide geographic area with limited sales information available to buyers and sellers. They make the best deal they can. Value is subjective. Often times pricing is not consistent. Analysis of these sales is limited by the markets imperfections. Where comparison yield ranges outside arbitrary limits, nothing more can be done. If the range of adjusted value falls outside an arbitrary condition then the market is revealed once again as imperfect. It is not the appraiser's job to make the data fit a condition. It is the appraiser's job to read the market and form a supported opinion of value. VARIATION IN GLA. These are the best there are of the pool available. If those not conforming to an arbitrary guideline are thrown out, then possibly none remain. It is the appraiser's opinion that none is inadequate support for the value opinion. The other sales offer insights into other aspects of the market. It is not the appraiser's job to make the data fit a condition. It is the appraiser's job to read the market and form a supported opinion of value. GEOGRAPHIC LOCATION - SEPARATION BY ROADS & NATURAL BOUNDARIES: The subject and the sales are all located in a rural area with access to the surrounding social, medical, and recreational facilities. All are subject to similar economic, political and social influences. Generally all homes located around this area are similar in overall value and marketability unless specially indicated as different. There are some differences, identified in the analysis. In addition, there are few similar homes having sold, and certainly none with in a block or two of the subject. Therefore, the use of home sales located across roads and other natural boundaries are necessary to provide support for the value opinion. USPAP/FIRREA Certification Statement: The appraiser certifies and agrees that this appraisal was prepared in accordance with the requirements of the Uniform Standards of Professional Practice and in accordance with the requirements of Title XI of the Financial Institutions, Reform, Recovery, and Enforcement Act (FIRREA) of 1989, as amended (12 U.S.C. 331 et seq.), and any applicable implementing regulations in effect at the time the appraiser signs the appraisal certification Market Value Definition: As reported page 2 of the Certification Form TADD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Appraisal Addendum File No. MA-180162 Property Address Highest and Best Use: The reasonably probable and legal use of vacant land or an improved property, which is physically possible, appropriately supported, and financially feasible and that results in the highest value. The four criteria that highest and best use must meet are legal permissibility, physical possibility, financial feasibility, and maximum productivity. (The Dictionary of Real Estate Appraisal, 4th Edition, Chicago, IL.) Highest & Best Use Analysis: Subject TX 77372 AS VACANT: Legally Permissible: Physically Possible: Financially feasible: Most Profitable Use: All legal uses are permissible. Physical uses are limited by site size and sewer capacity. Alternate uses considered financially feasible are limited to residential uses Considered to be compatible residential uses as evidenced in the subject neighborhood. HIghest & Best Use as Vacant: Residential development consistent with neighborhood trends AS IMPROVED: Alternate uses non-residential are considered in conflict with the Highest & Best Use as Vacant. Demolition and redevelopment an alternate residential use, produce no greater value than the current existing improvements. Highest & Best Use as Improved: The Current Use. Form TADD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Client Response Addendum File No. MA-180162 Property Address Client Response Addendum Form TADD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Comparable Photo Page Property Address Comparable 1 621 Oakridge Dr Prox. to Subject Sale Price Gross Living Area Total Rooms Total Bedrooms Total Bathrooms Location View Site Quality Age 10.17 miles N 460,000 2,731 8 4 2.1 N;Res; N;Rural; 36.5 Acres 43 Comparable 2 1401 Alsobrooks Rd Prox. to Subject 14.72 miles NW Sale Price 350,000 Gross Living Area 2,331 Total Rooms 7 Total Bedrooms 3 Total Bathrooms 2.1 Location N;Res; View N;Rural; Site 37.93 ac Quality Age 29 Comparable 3 1910 County Road 2307 Prox. to Subject 14.15 miles E Sale Price 320,000 Gross Living Area 2,217 Total Rooms 7 Total Bedrooms 3 Total Bathrooms 2.1 Location N;Res; View N;Rural; Site 12.50 ac Quality Age 12 Form PIC3x5.CR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Comparable Photo Page Property Address Comparable 4 9075 FM 1008 Prox. to Subject Sales Price Gross Living Area Total Rooms Total Bedrooms Total Bathrooms Location View Site Quality Age 13.54 miles E 635,000 3,150 8 4 2.1 N;Res; N;Rural; 25.10 ac 3 Comparable 5 29231 Lazy Pine Dr Prox. to Subject 9.56 miles S Sales Price 419,000 Gross Living Area 2,103 Total Rooms 7 Total Bedrooms 3 Total Bathrooms 2.1 Location N;Res; View N;Rural; Site 15.25 ac Quality Age 21 Comparable 6 Prox. to Subject Sales Price Gross Living Area Total Rooms Total Bedrooms Total Bathrooms Location View Site Quality Age Form PIC3x5.CR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Photograph Addendum Property Address 9075 FM 1008 MLS Photo Comments: 1401 Alsobrooks Road MLS Photo Comments: 1910 County Road 2307 MLS Photo Comments: Comments: Form PICFOUR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Location Map Property Address Form MAP.LOC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Aerial Map Property Address Form MAP.LOC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Flood Map Property Address Form MAP.FLOOD - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Hypothetical Site Map Form SCNLGL - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Comparable Sales Map Property Address Form MAP.LOC - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Building Sketch (Page - 1) Property Address 28.5' 20.4' 3' Cvr Patio [41.4 Sq ft] 13.8' 3' 32.6' 13.4' 22' 18.5' Kitchen 18.5' [627 Sq ft] 22' Breakfast Cvr Patio Office 25.1' Bedroom 11.3' 28.5' Bath First Floor Mud Area Sun Room 24.1' [2981.84 Sq ft] Family 14' Bedroom Dining Utility Bath 18' Bath 5.6' Cvr Porch [87.2 Sq ft] 4' 60.1' 4' 21.8' 21.8' 18.7' TOTAL Sketch by a la mode, inc. Living Area First Floor Total Living Area (Rounded): Non-living Area Cvr Patio Area Calculations Summary Calculation Details 2981.84 Sq ft 20.4 25.1 18.6 29.7 24.1 18.5 14 13.4 18.7 60.1 = 377.4 = 351.4 = 249.24 = 555.39 = 1448.41 2982 Sq ft 627 Sq ft 22 28.5 = 627 Cvr Porch 87.2 Sq ft 4 21.8 = 87.2 Cvr Patio 41.4 Sq ft 13.8 3 = 41.4 Form SKT.BLDSKI - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Building Sketch (Page - 2) Property Address 38' 30' Unfinished Shop 38' TOTAL Sketch by a la mode, inc. Open Storage Shed [1680 Sq ft] 56' 56' 65' 65' Metal Building [2470 Sq ft] 30' Area Calculations Summary Non-living Area Metal Building 2470 Sq ft 38 65 = 2470 Storage Shed 1680 Sq ft 30 56 = 1680 Form SKT.BLDSKI - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Subject Photo Page Property Address Subject Front Sales Price 0.00 Gross Living Area 2,982 Total Rooms 10 Total Bedrooms 3 Total Bathrooms 3.0 Location N;Res; View N;Rural; Site 21.5 ac Quality Age 48 Subject Rear Subject Street Form PIC3x5.SR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Subject Photo Page Property Address Subject Front/Side Sales Price 0.00 Gross Living Area 2,982 Total Rooms 10 Total Bedrooms 3 Total Bathrooms 3.0 Location N;Res; View N;Rural; Site 21.5 ac Quality Age 48 Subject Rear/Side Subject Street Form PIC3x5.SR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Subject Photo Page Property Address Subject Front/Side Sales Price 0.00 Gross Living Area 2,982 Total Rooms 10 Total Bedrooms 3 Total Bathrooms 3.0 Location N;Res; View N;Rural; Site 21.5 ac Quality Age 48 Subject Side Subject Covered Patio Form PIC3X5.SR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Subject Photo Page Property Address Subject Covered Patio Sales Price 0.00 Gross Living Area 2,982 Total Rooms 10 Total Bedrooms 3 Total Bathrooms 3.0 Location N;Res; View N;Rural; Site 21.5 ac Quality Age 48 Subject Metal Bldg w/side Shed Subject Metal Bldg w/side Shed Form PIC3X5.SR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Subject Photo Page Property Address Subject Metal Bldg/Interior Sales Price 0.00 Gross Living Area 2,982 Total Rooms 10 Total Bedrooms 3 Total Bathrooms 3.0 Location N;Res; View N;Rural; Site 21.5 ac Quality Age 48 Subject Metal Bldg/Interior Subject Metal Bldg/Interior Form PIC3X5.SR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Subject Photo Page Property Address Subject Loafing Shed Sales Price 0.00 Gross Living Area 2,982 Total Rooms 10 Total Bedrooms 3 Total Bathrooms 3.0 Location N;Res; View N;Rural; Site 21.5 ac Quality Age 48 Subject Pond & Pier Subject Mailbox Form PIC3X5.SR - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Subject Interior Photo Page Property Address Subject Main Living Area Sales Price 0.00 Gross Living Area 2,982 Total Rooms 10 Total Bedrooms 3 Total Bathrooms 3.0 Location N;Res; View N;Rural; Site 21.5 ac Quality Age 48 Subject Kitchen Subject Dining Form PIC3X5.SI - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Subject Interior Photo Page Property Address Subject Breakfast Area Sales Price 0.00 Gross Living Area 2,982 Total Rooms 10 Total Bedrooms 3 Total Bathrooms 3.0 Location N;Res; View N;Rural; Site 21.5 ac Quality Age 48 Subject Bedroom 1 Subject Bedroom 2 Form PIC3X5.SI - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Subject Interior Photo Page Property Address Subject Bedroom 3 Sales Price 0.00 Gross Living Area 2,982 Total Rooms 10 Total Bedrooms 3 Total Bathrooms 3.0 Location N;Res; View N;Rural; Site 21.5 ac Quality Age 48 Subject Bathroom 1 Subject Bathroom 2 Form PIC3X5.SI - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Subject Interior Photo Page Property Address Subject Bathroom 3 Sales Price 0.00 Gross Living Area 2,982 Total Rooms 10 Total Bedrooms 3 Total Bathrooms 3.0 Location N;Res; View N;Rural; Site 21.5 ac Quality Age 48 Main Sun Room Subject Utility Room Form PIC3X5.SI - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE

Subject Interior Photo Page Property Address Subject Office Area Sales Price 0.00 Gross Living Area 2,982 Total Rooms 10 Total Bedrooms 3 Total Bathrooms 3.0 Location N;Res; View N;Rural; Site 21.5 ac Quality Age 48 Form PIC3X5.SI - "TOTAL" appraisal software by a la mode, inc. - 1-800-ALAMODE