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The Valuation Process - c • <br /> ontlnued <br /> This appraisal is to be used by.•Client& Intended User: Mi •Ily Bruss of Trinity Lutheran Church of Lake Johanna. _ <br /> . Intended Use: For the sole • t f <br /> purpose of assisting the client the possible sale <br /> parcels. of the subject <br /> 2'r <br /> z DEFINITION�r ON OF VALUE <br /> Types of appraised value in .include market value, use value, going co • <br /> value, assessed value, and insurable9' 9' ncern value, investment <br /> value. The defined value of the subject estimated in this report is "Market b�ect property to be <br /> ` Value . <br /> s <br /> r <br /> MARKET VALUE <br /> The most probable rice which • <br /> p hich a property should brie In a competitive <br /> � all .conditions requisite to a fair g and open market under <br /> sale, the buyer and seller each knowledgeably, and assumingacting prudently and <br /> the price Is not affected b undue stimulus. <br /> •definition is the Y tlmulus. Implicit consummation of a sale as of a specified p It In this <br /> seller to buyer under conditionsp ed date and the passing of title from <br /> r whereby: <br /> Buyer and seller are <br /> typically motivated;. <br /> 2. Both parties are well informed <br /> or well advised, and acting n in what interests; <br /> g they consider their own best <br /> 3. A reasonable time is allowed for <br /> exposure in the open market; <br /> E, 4• Payment is made in ter - <br /> ms of cash in U.S. dollars or in terms of financial <br /> comparable thereto; and cial arrangements- <br /> y„ <br /> 5. The price represents the <br /> normal consideration for the ro <br /> creative financing or sales concessions ran property sold, unaffected by special or <br /> g ranted by anyone associated with the 2 <br /> a sale. <br /> f APPRAISAL REPORT DATE: <br /> r• <br /> July 9, 2010 <br /> APPRAISAL EFFECTIVE FECTIVE DATE/ INSPECTION DAT • <br /> l E <br /> , <br /> July 6 2010 "As I " <br /> T s <br /> s ' <br /> t <br /> . I2 <br /> ,.; Financial Institutions Reform, Recovery and Enforcen-ient <br /> Act of 1989(FIRREA). This could be modified to provide for valuation <br /> with specified financing terms. <br /> �t <br /> A' 12 <br />