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<br />04/07/2006 10:45 <br /> <br />9035882192 <br /> <br />PAGE 02 <br /> <br />UJ.h.... or TRMSIClftAL <br /> <br />I. the undersigned. do hereby certify that r have personally <br />toured the property located within the corporate limits of <br />the City of paris, Lamar County, Texas: A called 100'x <br />4w577' ~r.o~ of laa4 ~.t accurat.lr d..oribed .. . part of <br />the prevlou. railw.y corridor Of the Kiaaouri pacific <br />Railroad CQIIDaDY aDd being a part of that property 4e.ezolbe4 <br />in ~ti ve Deed to The Greater Pari. Developlellt <br />rov..tat.iOD, recorded in Volume 1t'w .ave 3'70, ...1 Property <br />ReeoJ:'d. of ~r Couzaty, Ifexa., and ecmt..ining a called <br />10.507 acre. of laad. <br /> <br />To ~he best of my knowledge and belief, the sta~ements of <br />fact contained in this report and upon which the opinions <br />herein are based are true and correct, subject to the <br />assumPtions and limiting conditions explained in this <br />report. <br /> <br />EmploYment in and compensation for making this appraisal are <br />in no way contingent upon the value reported, and I certify <br />that I have no interest, either present or contemplated, in <br />the subject property. I have no personal interest or bias <br />with respect to the subject matter of the appraisal report <br />or the parties involved. <br /> <br />This appraisal report identifies all the limiting conditions <br />(imposed by the terms of the assignment or by the <br />undersigned) affecting the analysis. opinions, and <br />conclusions contained in this report. <br /> <br />The analysis, opinions, and conclusions contained this <br />report have been developed in accordance with the Code of <br />Professional Ethics and Standards of Professional Practice <br />of the Appraisal Foundation and the Uniform Standards of <br />Professional Appraisal Practice; the use of this report is <br />subject to the requirements of the Appraisal Foundation <br />relating to the review by its duly authorized <br />representatives. <br /> <br />No one other than the undersigned, unless identified herein, <br />prepared the analysis, opinions, or conclusions concerning <br />real estate and/or personal property that are set forth in <br />this appraisal report. <br /> <br />In my opinion the subject property has an indicated current <br />market value as of Karch 27. 2006, of: <br /> <br />1t~.~_ <br /> <br />~ c:aRr%PXCAT%QM TX-132856'-G <br /> <br />OlD: auDDUD POuaug '1'IIOU'SJuID DOt.T-US <br />($11.,000) <br /> <br />CJ{~7/(J {, <br />I I <br /> <br />DAB <br />