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S.L. MAC WILLIAMS COMPANY <br />117 orals hin. sheer Omer.. WE 53575 <br />Purpose of the Appraisal and Value Definition <br />Estimate tie fair market uaNe of tMi muffled pmpeM as of an eRettere date of Febwary !E', 3019. TM Intends] <br />use of this appraisal remiirt Is to determine tie rain mallet velue of the property orated at 2292 OS Highway t3/]8 1n <br />Me Town orCIXdge Grope In bare Cody, as of the efmfi a date of IM1k report. <br />Market Value as usM in WE report is tlerinel by IISPAP as: <br />Market retie means the most posE pare nhHr a pmpiant slwrgd bsky In a Co spetiays and Orel <br />marAM under art mndRrons remusee At a kv sale, fhe bmerana se/kre WRXq pnMendy and <br />M00066seriek and assum/og the pbce' /s Rrf a/ixtM by urM SWOhns. ImµVd2 to the tl fi b'on ale <br />Rre mnsummatlnn Wa vk'as refs sp_a15nd abfe and tie pas Ng Drove hod seller to &w wx.@f <br />cmefa'mswheraby: <br />6. BoserjEod RE trore tenoeo,mrbeaW, <br />F. Both peaks are nor /ohHmnd'w Res amseed,, and "Err to most fhey mrusser aWr ran best <br />/ntyesly' <br />R. Areasrsabk toe @aRonxiffweryosure in the Oren meser, <br />9 isomers, made in terms of rash /nu. s amsOr in krms Of finances arrargemeMS numerable <br />mereml arM <br />la. Txrv/rsrWresenrs the srvest mrust&ranon re, are amoral SOk UrlaffiTedby spak/rr aeabve <br />firanomy rrsaksarwssrma 'gooms!byamy aerdoated Ron me sek. <br />Erpnsurenme <br />Exposure We is Me eslimahtl IemiM of We met a pmpe tr bong appraised would have been offered an the <br />market prior M Me hypodermal cre summv9on of a sale at market slue on the crease more of me appraial. The <br />edlmated exposure time for Me subject property wo ld be at 3 -6 maths. <br />Report Option <br />IISPAP Standard Rule 2 -2 stales: "Fa[h rmY(en rca/poperry visa/ rapOr[rnos[bepreparMUMerorie.WMe <br />6YbMrg optionsandpmrinentlYsots Meek roam is rood.' ApgahooRrotiorf Or "This <br />must Is prepared under rile Appraisal Report Option. <br />Flex arm Jamie TWYnds! ] Page <br />