90-18 Attachment - 89 Watchung Avenue-Mortgage Subordination Application Docs.pdf

Ciara rere Teese | Uniform Residential Appraisal Report mee 31072 ‘Twa spat frm is designed {9 repart an appmisat ct 2 ano-znd pmpaty or a amant proery with an sotestay ont, ‘mckving a unt in plamed unt devetopment (PUD). Th repot iam is act chsgnad Ww mgmt an appeal ata monctectered hone ar a unit i a condominium ar conperstve cbc, ‘Ths apprasa! copart is subject io te fotawing «sonpa of work, intermedi use, intenied user, dofition at mnariat wanna, sixommat at assumplians = anc limiting = condiions, and carmficetinns. Modifications, ackitions. ar deletions ty fe imtended wa, intended user, detimitn at mamet value, or aseuimetis and finiting onndtins ae mot permitted, fhe axpeoiser | may cumin «the seape af work to inciida amy atiitinnal ressamh of analysis necessary basad an me canalndty of i: appratsa? sesigament, Madiications av defetions om te certfications are aden at permitted. Howaner, addition’ ceetlications «tat da. rot consthite matkrtal attveaiions $0 this apmeainat report, auch as thane required by lw a fiaso miedo the apgraioe's: cortinéng education oar oo memberhin om aa appraiash «= amjaniitinn, are parmilied. SOOPEOF WORK: Tha soupe at wrk tor mie appraise is detned by ma curmefexty of és amma assknmant etd the ceparting requiremeets of this apraésat_ mpmet form, imeiuding tha thawing detnftan ot market voka, statement a sesumptone and Reneing eancitinns, and ceitiieations. The apmiser mat, «ss rmihirrceme (1) perio mimgietay wil inspection at fia terior and exterier wens af the mubject property, 42) ect the nneighbarhacd, (@) msnet each at the campamble ses ton at laa the tri, (4) vasoarch, verily, amt analyze data trom refuble public andar pivata onurcas, ad} mpat fis er her analysis, opinians, and sonchisims © his appratsst report. INTENDEDUSE: ‘The intended usa af ie appraise report is tor the tendanktient x weatkote the pwoperty th i te sabjent at tie aomeatsal for a merigags —tinanog transagion, INTENDED USER: The iviended tusey at iis apnmisal pam is the lencer/clint. [DEFINITION OF MARKET VALUE: The mrant pmbstie pres whist 2 prupety smut ring in campattinva ned apn maiket under il comilfans roquiin ta a far sate, the fiver and salir, gach acting) pruderty, fmowiedgrably and sssuming he prio fe not atteced my undue stents. angficst in is destin Baa CONSUTIMAMON ot 8 SAB as Gl a sponifad date ant tha passing of thle tom sethar

alir, gach acting) pruderty, fmowiedgrably and sssuming he prio fe not atteced my undue stents. angficst in is destin Baa CONSUTIMAMON ot 8 SAB as Gl a sponifad date ant tha passing of thle tom sethar ty buyer under condtions wheroty: (1) buyer ond saler am typicaily motvated: (2) ban fatisg ae wei? erred or well advised, and each acing m what he or she considas ne oor her Own beet Interest} a reacanable tna is afawed for expaswa in the apn marks, {a} nAment is made im tems of cash am UL 8. dally of i tems of financial arrsngemen's campersie Bereta; amd {8} fhe prio mapresonts the noms cxinstlration tor tha proporty sid snatiectod by speotal or aastve Sramcng wf aabs concessions gramad by anyone sasaciated «with fia sala, *Agasmmams % the camparaties must te male for sed? or crfva faincng or sake concessions. Ma ausmants are mcessary tar thasa onsts wits are normaly gail by sales as 3 rast of odin oe bw i a maiet aro, fas ous ane feodly Mianttabis since fie sear pays these casts fa wluty af siiae | ransantions. Spector craativa tevansing adjustams cab made the commcitis prapedy ty oneness tm financing teams tered oy a tint aay nettatanal fonder thal is net atesdly tvabed it the property ar ansacfon. Any adjstnact shaukd nai bo caloubiied on a mmatancal defisx tar daar cast of tbs fimncing or concwsskon tut she dofar aman at any adiustment should —anpradmato the marots ceacion % he thtanchg of omeessians bass om he appraiser's judyment, ‘STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS ‘The ecuraiser’s onfifoatin inthis paport watject the talawing = assumetions «and iting onadions: 1. Tho appraiser wil not ne responsitis tor mates af a legal natum thet affect other te property bang ampraied ar fa We MR eocent far iafcrmaton ttm he or sta became aware ot dung fa rosearen bmuned oh pedowning mS appratsst, Tha anpraiser azsunes Mat me ite & quod and markelatio asd will nat mendes any apinians about the Sta, 2. The agpraie fas provkked 8 stwich im ois appraisal mos tr show the «= aweDinse © dimensions «at the leramrvermns. Tha sketch i inctucket ony ta asaist the reader i wistisizing me progeny and understanding the agprafsers detaminaton of te sim. 3. The apprise fas exavined the wvatiatla fod) mens that are grewiciod byte Federal Emargangy © Mamagamant —Aganay (ar athor dim sowoss} and a noted im fis aepraisah reqort wheter any pak of the subject we ts

pprise fas exavined the wvatiatla fod) mens that are grewiciod byte Federal Emargangy © Mamagamant —Aganay (ar athor dim sowoss} and a noted im fis aepraisah reqort wheter any pak of the subject we ts incwad i an idouttind Spese) lool Hud Area, Bucues the sgpraiser is ono a suneyor, fe or she makes mo quirarioes, © wonress or imgied, —egardng = Ns datermina¥ion. 4. Tha agaionr wil nat give festinnny ar ager i court Decauss me or shame ay appmaisak ot the prapety in questan, niece spacitio arangamants to da sa have been mide hetorehond, a as otherwise © roquirad by ew. S. Toe apprais has oot) Sanaa replat any averse cundtins (such es maoded —emaes, deteviratinn, the preence of hazwelous wieaks, tone aubstannes, akc} atsenved dutiny me inspection ol the subject moperty ar hal he or sha hocame aware of during the scsarch volved performing the appraisal, tinlass otherwise stad «=f SS ipraisa report, tha apgmicer tan ong mawteddgn ot any iddon or uruggiarent tysizst deficiencios ar sdversa cnndiians at he Pmpomy (suchas, Buona timed, meade eagas, detertratien, tha pmsenca at tomas © wishes, taxi sfistancas, adverse evitonmentas oendiiane, e.) thet would make toa property test vavuatie, «and has assumed ist there are no such conditans amd moiwo na guaraniees «ar warns, express or iempiied. «THe apyraisor wih acta asnenisibe for any sith conivns Mat da ads oo for ay enginsemy @ sing Mat might ba wequiedd © discover whether sinh condiions edt Bocewe tha apaser is nat amet iy the tek! of envimnmental hands, fis appraisal negart crust not be cansidoed as seavitonmenat assessment gta property, 6. Toe amraiser nas ased fis or ner appraisal ener and vakinton ennclision for an anya fal is subject to satbtaniey commotion, repairs, or atemvions on he aRsunemin Met ha omyFenn, regains, ae NOTMITS «at Ae Sue FrapETy WA be pertarmed im a protessinnal mame. Frexstle Mtse Fem) 7a Aterce 2005 uD Verwan9 2011 Page gat are ae Fer 40 Asner 20105 Foxe 1OGSUAD - "TOTAL" appraisal sot byt rods, inc, - 1-800-Aé MOK