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J <br /> The Valuation Process - c • <br /> ontinued _ <br /> This appraisal is to be used by: <br /> Y <br /> Client& Intended User: Mi •Ily Bruss of Trinity Lutheran Church of Lake <br /> Johanna. <br /> Intended Use: For the sole • t f <br /> purpose of assisting the client the possible sale <br /> t <br /> of the subject <br /> parcels. <br /> F DEFINITION OF VALUE <br /> F' <br /> ,r Types of a • <br /> ppraised value Include market value, use value <br /> , going concern value, <br /> �- value, assessed value, and insurable vale investment <br /> e. The defined value of the subjectproperty <br /> f estimated in this report is "Market Value". to be <br /> r <br /> g <br /> r' MARKET VALUE <br /> The most probable rice •. p which a property should bring in a competitive <br /> all .conditions requisite to g and open market under <br /> q a fair sale, the buyer and seller <br /> each acting prudentlyand <br /> knowledgeably, and assuming the price is not affected b un • <br /> definition is the consummation of Y due stimulus. Implicit in this <br /> a sale as of a specified date and the passing of title from <br /> seller to buyer under condition <br /> 4 <br /> s whereby: <br /> �t r <br /> Buyer and seller are typically mot'Yp Y ivated, <br /> 2. Both parties are'��welt informed <br /> d or well advised, and acting in what the con • <br /> interests; Y sider their own best <br /> 3. ow A reasonable time is all <br /> Y ed for exposure in the open market; <br /> tr 1 <br /> � 4. Payment is made in terms of cash in U.S. dollars or in terms of financial <br /> comparable thereto; and cial arrangements <br /> j <br /> � 5. The price represents the <br /> E normal consideration for the property sold, unaffected <br /> " creative financing or sales cons ed by special or <br /> esslons granted by anyone associated with the 2 p <br /> �t sale. <br /> k APPRAISAL REPORT DATE <br /> July 9 201 <br /> h <br /> tf,l <br /> ' APPRAISAL EFFECTI ► <br /> ` VE DATE /IN.SP ECTION DA <br /> r <br /> k TE: <br /> July 6, 2010 'As is" <br /> s <br /> tz: <br /> y, <br /> I <br /> -� 2Financial Institutions Reform, Recovery and Enforcer-lent Act of 1989 (FIRREA). This could be <br /> with specified financing terms. modified to provide for v <br /> ,s. <br /> aluation <br /> b 12 <br /> rilvYoqwppNq•M 1 <br /> Mwsq.warwrau`mre� wswr.....- <br />