as of · State License Certification # State License Certification # Loan #I Rogers - REO 580...

File No.Loan #I Rogers - REO 580

A1802031

SUMMARY APPRAISAL REPORT OF

THE PROPERTY LOCATED AT

Lot 50 Highlands of Lake Lure

Lake Lure, NC 28746

as of

March 9,, 2018

for

HomeTrust Bank1900 Ridgefield Blvd.Asheville, NC28806

by

Mountain Valuation Services

P.O. Box 2555Hendersonville, NC 28793

Mountain Valuation ServicesP.O. Box 2555Hendersonville, NC 28793828-697-9860

March 15, 2018

HomeTrust Bank1900 Ridgefield Blvd.Asheville, NC28806

Property - Lot 50 Highlands of Lake LureLake Lure, NC 28746

Borrower - HomeTrust BankFile No. - A1802031Case No. - Loan #I Rogers - REO 580

Dear Mrs. Macaluso:

In accordance with your request, I have prepared an appraisal of the real propertylocated at Lot 50 Highlands of Lake Lure, Lake Lure, NC.

The purpose of the appraisal is to provide an opinion of the market value of theproperty descr ibed in the body of th is report.

Enclosed, p lease find the report which descr ibes certa in data gathered during ourinvestigation of the property . The methods of approach and reasoning in thevaluation of the various physical and economic factors of the subject property arecontained in this report.

An inspection of the property and a study of pertinent factors, including valuationtrends and an analysis of neighborhood data, led the appraiser to the conclusionthat the market value, as of March 9,, 2018 is :

$5,000

The opinion of value expressed in this report is contingent upon the LimitingConditions attached to this report.

It has been a pleasure to assist you. If I may be of further service to you in thefuture, please let me know.

Respectfully submitted,


Russell E. LeitnerNC Certification #A3523

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NLAND APPRAISAL REPORT File No.

Borrower Census Tract Map Reference

Property Address

City County State Zip Code

Legal Description

Sale Price $ yrs. Property Rights AppraisedDate of Sale Loan Term Fee Leasehold De Minimis PUD

Actual Real Estate Taxes $ Loan charges to be paid by seller $(yr.) Other sales concessions

Lender/Client Address

Occupant Appraiser Instructions to Appraiser

Location Urban Suburban Rural Good Avg. Fair Poor

Built Up Over 75% 25% to 75% Under 25% Employment Stability

Growth Rate Rapid Steady SlowFully Dev. Convenience to Employment

Property Values Increasing Stable Declining Convenience to Shopping

Demand/Supply Shortage In Balance Over Supply Convenience to Schools

Marketing Time Under 3 Mos. 4-6 Mos. Over 6 Mos. Adequacy of Public Transportation

Recreational FacilitiesPresent Land Use % 1 Family % 2-4 Fam % Apts. % Condo % Commercial

Adequacy of Utilities% Industrial % Vacant %

Property CompatibilityChange in Present Land Use Not Likely Likely (*) Taking Place (*)

Protection from Detrimental Conditions(*) From To

Police and Fire ProtectionPredominant Occupancy Owner Tenant % Vacant

General Appearance of PropertiesSingle Family Price Range $ to $ Predominant Value $

Appeal to MarketSingle Family Age yrs. to yrs. Predominant Age yrs.

Comments including those factors, favorable or unfavorable, affecting marketability (e.g. public parks, schools, noise)

Dimensions = Corner Lot

Zoning Classification Present improvements do do not conform to zoning regulations

Highest and best use: Present use Other (specify)

Public Other (Describe) OFF SITE IMPROVEMENTS Topo

Elec. SizeStreet Access: Public Private

Gas ShapeSurface

Water ViewMaintenance: Public Private

San. Sewer DrainageStorm Sewer Curb/Gutter

Underground Elect. & Tel. Sidewalk Street Lights Is the property located in a HUD Identified Special Flood Hazard Area? No Yes

Comments (favorable or unfavorable including any apparent adverse easements, encroachments or other adverse conditions)

The undersigned has recited three recent sales of properties most similar and proximate to subject and has considered these in the market analysis. The description includes a dollaradjustment, reflecting market reaction to those items of significant variation between the subject and comparable properties. If a significant item in the comparable property is superior to, ormore favorable than, the subject property, a minus (-) adjustment is made, thus reducing the indicated value of subject; if a significant item in the comparable is inferior to, or less favorablethan, the subject property, a plus (+) adjustment is made, thus increasing the indicated value of the subject.

ITEM Subject Property COMPARABLE NO. 1 COMPARABLE NO. 2 COMPARABLE NO. 3

Address

Proximity to Subj.

Sales Price $ $ $ $

Price $ $ $ $

Data Source

Date of Sale and DESCRIPTION DESCRIPTION + (-) $Adjustment DESCRIPTION + (-) $

Adjustment DESCRIPTION + (-) $Adjustment

Time Adjustment

Location

Site/View

Site Area

Sales or FinancingConcessions

Net Adj. (Total) Plus Minus $ Plus Minus $ Plus Minus $

Indicated Valueof Subject $ $ $

Comments on Market Data:

Comments and Conditions of Appraisal:

Final Reconciliation:

I ESTIMATE THE MARKET VALUE, AS DEFINED, OF SUBJECT PROPERTY AS OF to be $

Did Did Not Physically Inspect PropertyAppraiser(s) Review Appraiser (if applicable)

Signature Signature

Name NameDate Date

State StateLicense LicenseCertification # Certification #

Loan #I Rogers - REO 580A1802031

HomeTrust Bank 9603.00 0642.00Lot 50 Highlands of Lake Lure

Lake Lure Rutherford NC 28746Deed Book 1156, Page 664, Highlands of Lake Lure PH 2 LT 050 PB 26 PG 247 (Parcel #1639455)

N/A N/A N/A X956.00 N/A N/A

HomeTrust Bank 1900 Ridgefield Blvd., Asheville, NC, 28806Vacant Lot Russell E. Leitner F o r m

opinion of market value for REO purposes.XX XX XX X

X XX X

100 XX

X XX

X X300,000 750,000 500,000 X

2 15 10 X

Thesubject is located in the Highlands of Lake Lure which a S/D of Hwy 64. The S/D has long rangemountain views and views of Lake Lure. *** See Additional Comments ***

Taken from county land records. 2.00 acresR1A

XSloping

X X Typical of Market AreaNone, Typical Asphalt IrregularNone, Typical X MountainNone, Typical Appears Adequate

X XPrivate

wells and septic systems are typical on normal in areas where there is no access to public waterand/or sewer. Public water and sewer are not avai lable to the subject property. *** See Addit ionalComments ***

Lot 50 Highlands of Lake Lure Lot 63 Bear Cliff Way Lot 406 Grey Rock 144 Southview DrLake Lure, NC 28746 Lake Lure, NC 28746 Lake Lure, NC 28746 Lake Lure, NC 28746

0.52 miles S 5.55 miles N 6.71 miles NE5,000 4,500 2,600

2,439 1,852 1,198Inspection, Public Rec. NCMMLS #3227373, 320 DOM NCMMLS #3258581, 46 DOM NCMMLS #2006744, 2163 DOM

09/29/2017 08/11/2017 08/01/2017Highlands of Lake Lure Highlands of Lake Lure Grey Rock at Lake Lure Cedar Creek MtnSloping/Mountain Sloping/Mountain Sloping/Mountain Sloping/Mountain2.00 acres 2.05 acres 0 2.43 acres 0 2.17 acres 0

Utilities Typical of Area Typical of Area Typical of Area Typical of AreaH&B Use Residential Residential Residential Residential

Cash to Seller Cash to Seller Cash to SellerNo Concessions No Concessions No Concessions

Gross 0.0% Gross 0.0% Gross 0.0%Net 0.0% 5,000 Net 0.0% 4,500 Net 0.0% 2,600

*** See Additional Comments ***

The appraiser has complied with Standards Rule 1-5b and 2-2,requir ing the appraiser to analyze and report all sales of the sub ject property that occurred withinthe three (3) years prior to the effective date of the appraisal. *** See Addit ional Comments ***

In deriving an opinion of value for vacant land the primary approach is typicallythe sales comparison approach. *** See Additional Comments ***

March 9, 2018 5,000

Russell E. Leitner 03/15/2018NC X A3523


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ADDITIONAL COMPARABLES

Property Address


ITEM Subject Property COMPARABLE NO. 4 COMPARABLE NO. 5 COMPARABLE NO. 6

Address

Proximity to Subj.

Sales Price $ $ $ $

Price $ $ $ $

Data Source

Date of Sale and DESCRIPTION DESCRIPTION + (-) $Adjustment DESCRIPTION + (-) $

Adjustment DESCRIPTION + (-) $Adjustment

Time Adjustment

Location

Site/View

Site Area

Sales or FinancingConcessions

Net Adj. (Total) Plus Minus $ Plus Minus $ Plus Minus $

Indicated Valueof Subject $ $ $

Comments on Market Data Analysis


Borrower/Client HomeTrust BankLot 50 Highlands of Lake Lure

Lake Lure Rutherford NC 28746Lender HomeTrust Bank

Lot 50 Highlands of Lake Lure Lot 60 Bear Cliff WayLake Lure, NC 28746 Lake Lure, NC 28746

0.52 miles S12,000

3670Inspection, Public Rec. NCMMLS #3363587, 19 DOM

02/24/2018 LD -2,400Highlands of Lake Lure Highlands of Lake LureSloping/Mountain Sloping/Mountain2.00 acres 3.27 acres -4,660

Utilities Typical of Area Typical of AreaH&B Use Residential Residential

ListingActive

X -7,060Gross 58.8%Net -58.8% 4,940

See sales comparison comments.


ADDITIONAL COMMENTS

File No.

Property Address



Borrower or Owner HomeTrust BankLot 50 Highlands of Lake Lure

Lake Lure Rutherford NC 28746Lender or Client HomeTrust Bank


NeighborhoodMarket conditions have stabilized over the past 12 months, with a measurable decrease in property values measurable in sales that tookplace over few years, and in some cases 5years, prior to the date of this report. There are a number of vacant lots listed for sale in thesubject's S/D. Marketing time is typically over 6 months for properties that are competitively priced, and longer for properties that are initiallyoverpriced. Conventional financing is available from local lending institutions at competitive rates and terms. Loan discounts, interestbuydowns and seller concessions are atypical in the subject's market area.

The S/D has a HOA with $1,000 are year fees.

The S/D currently has 9 listings ranging from $12,000 to $265,000. Only one sale was noted in the past 12 months and is comparable sale #1.At current levels the absorption rate for the S/D is 9 years.

SiteThe lack of public water and sewer has no measurable negative impact on the marketability or market value of the subject property.

The subject property is accessed over a private road. The private road has an all-weather surface, and is maintained at a level similar to otherstate-maintained road in the subject's market area. Private roads are typical and normal in the subject's general market area and have nonegative impact on the marketability or market values of residences in the subject's market area.

No adverse easements or encroachments were noted at the time of the property observation.

Comments on Market DataDue to the lack of recent reported sales of vacant tracts similar to the subject in the immediate area, the search for comparable sales wasexpanded to include sales located over 1 mile from the subject and sales that took place over 6 months prior to the date of this appraisalwere considered. Line item adjustments were derived from paired data sets using the reported sales. Note, there are a number of minorphysical differences between the subject and comparable sales that no market derived adjustment could be measured. This tends toindicate that the market does not recognize these differences.

Comparable sale #1 is the only sale within the subject's S./D in the past 12 months. Comparables #2 and #3 are located in the subject'sgeneral market area in S/D's of similar appeal.

No adjustments are made to the comparables as they are all similar in size and utility.

Most consideration is given to comparable #1 as it is located in the subject's S/D and the most recent sale in the S/D.

An active listing was added and was adjusted for size and at a 20% list to sell ratio.

Comments and Conditions of AppraisalIf this information was available to the appraiser(s), it is reported in the Subject column of Sales Comparison Analysis section of theappraisal report. The subject was transfered on 06/28/2017 with a purchase price of $40,800 at foreclosure. All of the comparable sales areREO sales and have a foreclosure date over 36 months ago.

Final ReconciliationThe cost approach does not apply to vacant land appraisals and under some conditions the income approach may apply when ground rentinformation is available and rented vacant land prevalent in the subject's market area, which is not the case in the subject's market area.Therefore, it is the conclusion of the appraiser that the sales comparison approach is the only viable approach to deriving an opinion ofvalue.

File No.DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive andopen market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeablyand assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a saleas of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and sellerare typically motivated; (2) both parties are well informed or well advised, and each acting in what he considers hisown best interest; (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in termsof cash in U.S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the

normal consideration for the property sold unaffected by special or creative financing or sales concessions* grantedby anyone associated with the sale.

*Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustmentsare necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area;these costs are readily identifiable since the seller pays these costs in virtually all sales transactions. Special orcreative financing adjustments can be made to the comparable property by comparisons to financing terms offeredby a third party institutional lender that is not already involved in the property or transaction. Any adjustmentshould not be calculated on a mechanical dollar for dollar cost of the financing or concessions but the dollaramount of any adjustment should approximate the market's reaction to the financing or concessions based on theappraiser's judgment.

STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION

CONTINGENT AND LIMITING CONDITIONS: The appraiser's certification that appears in the appraisal reportis subject to the following conditions:

1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraisedor the title to it. The appraiser assumes that the title is good and marketable and, therefore, will not render anyopinions about the title. The property is appraised on the basis of it being under responsible ownership.

2. The appraiser has provided a sketch in the appraisal report to show approximate dimensions of the improvementsand the sketch is included only to assist the reader of the report in visualizing the property and understanding theappraiser's determination of its size.

3. The appraiser has examined the available flood maps that are provided by the Federal Emergency ManagementAgency (or other data sources) and has noted in the appraisal report whether the subject site is located in anidentified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees,express or implied, regarding this determination.

4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property inquestion, unless specific arrangements to do so have been made beforehand.

5. The appraiser has estimated the value of the land in the cost approach at its highest and best use and theimprovements at their contributory value. The separate valuations of the land and improvements must not beused in conjunction with any other appraisal and are invalid if they are so used.

6. The appraiser has noted in the appraisal report any adverse conditions (such as, needed repairs, depreciation, thepresence of hazardous wastes, toxic substances, etc.) observed during the inspection of the subject property or thathe or she became aware of during the normal research involved in performing the appraisal. Unless otherwise statedin the appraisal report, the appraiser has no knowledge of any hidden or unapparent conditions of the property oradverse environmental conditions (including the presence of hazardous wastes, toxic substances, etc.) that would

make the property more or less valuable, and has assumed that there are no such conditions and makes noguarantees or warranties, express or implied, regarding the condition of the property. The appraiser will not beresponsible for any such conditions that do exist or for any engineering or testing that might be required to discoverwhether such conditions exist. Because the appraiser is not an expert in the field of environmental hazards, theappraisal report must not be considered as an environmental assessment of the property.

7. The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal report fromsources that he or she considers to be reliable and believes them to be true and correct. The appraiser does notassume responsibility for the accuracy of such items that were furnished by other parties.

8. The appraiser will not disclose the contents of the appraisal report except as provided for in the UniformStandards of Professional Appraisal Practice.

9. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject tosatisfactory completion, repairs, or alterations on the assumption that completion of the improvements will beperformed in a workmanlike manner.

10. The appraiser must provide his or her prior written consent before the lender/client specified in the appraisalreport can distribute the appraisal report (including conclusions about the property value, the appraiser's identityand professional designations, and references to any professional appraisal organizations or the firm with which theappraiser is associated) to anyone other than the borrower; the mortgagee or its successors and assigns; the mortgage

insurer; consultants; professional appraisal organizations; any state or federally approved financial institution; or anydepartment, agency, or instrumentality of the United States or any state or the District of Columbia; except thatthe lender/client may distribute the property description section of the report only to data collection or reportingservice(s) without having to obtain the appraiser's prior written consent. The appraiser's written consent andapproval must also be obtained before the appraisal can be conveyed by anyone to the public through advertising,public relations, news, sales, or other media.

Freddie Mac Form 439 6-93 Page 1 of 2 Fannie Mae Form 1004B 6-93


File No.

APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that:

1. I have researched the subject market area and have selected a minimum of three recent sales of properties mostsimilar and proximate to the subject property for consideration in the sales comparison analysis and have made adollar adjustment when appropriate to reflect the market reaction to those items of significant variation. If asignificant item in a comparable property is superior to, or more favorable than, the subject property, I have made

a negative adjustment to reduce the adjusted sales price of the comparable and, if a significant item in a comparableproperty is inferior to, or less favorable than the subject property, I have made a positive adjustment to increase theadjusted sales price of the comparable.

2. I have taken into consideration the factors that have an impact on value in my development of the estimate ofmarket value in the appraisal report. I have not knowingly withheld any significant information from the appraisalreport and I believe, to the best of my knowledge, that all statements and information in the appraisal report aretrue and correct.

3. I stated in the appraisal report only my own personal, unbiased, and professional analysis, opinions, andconclusions, which are subject only to the contingent and limiting conditions specified in this form.

4. I have no present or prospective interest in the property that is the subject to this report, and I have no presentor prospective personal interest or bias with respect to the participants in the transaction. I did not base, eitherpartially or completely, my analysis and/or the estimate of market value in the appraisal report on the race, color,religion, sex, handicap, familial status, or national origin of either the prospective owners or occupants of the subjectproperty or of the present owners or occupants of the properties in the vicinity of the subject property.

5. I have no present or contemplated future interest in the subject property, and neither my current or futureemployment nor my compensation for performing this appraisal is contingent on the appraised value of the property.

6. I was not required to report a predetermined value or direction in value that favors the cause of the client orany related party, the amount of the value estimate, the attainment of a specific result, or the occurrence of asubsequent event in order to receive my compensation and/or employment for performing the appraisal. I did notbase the appraisal report on a requested minimum valuation, a specific valuation, or the need to approve a specificmortgage loan.

7. I performed this appraisal in conformity with the Uniform Standards of Professional Appraisal Practice that wereadopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place asof the effective date of this appraisal, with the exception of the departure provision of those Standards, which doesnot apply. I acknowledge that an estimate of a reasonable time for exposure in the open market is a condition inthe definition of market value and the estimate I developed is consistent with the marketing time noted in theneighborhood section of this report, unless I have otherwise stated in the reconciliation section.

8. I have personally inspected the interior and exterior areas of the subject property and the exterior of all propertieslisted as comparables in the appraisal report. I further certify that I have noted any apparent or known adverseconditions in the subject improvements, on the subject site, or on any site within the immediate vicinity of thesubject property of which I am aware and have made adjustments for these adverse conditions in my analysis ofthe property value to the extent that I had market evidence to support them. I have also commented about theeffect of the adverse conditions on the marketability of the subject property.

9. I personally prepared all conclusions and opinions about the real estate that were set forth in the appraisal report.

If I relied on significant professional assistance from any individual or individuals in the performance of theappraisal or the preparation of the appraisal report, I have named such individual(s) and disclosed the specific tasksperformed by them in the reconciliation section of this appraisal report. I certify that any individual so named isqualified to perform the tasks. I have not authorized anyone to make a change to any item in the report; therefore,if an unauthorized change is made to the appraisal report, I will take no responsibility for it.

SUPERVISORY APPRAISER'S CERTIFICATION: If a supervisory appraiser signed the appraisal report, he or shecertifies and agrees that: I directly supervise the appraiser who prepared the appraisal report, have reviewed the appraisalreport, agree with the statements and conclusions of the appraiser, agree to be bound by the appraiser's certificationsnumbered 4 through 7 above, and am taking full responsibility for the appraisal and the appraisal report.

ADDRESS OF PROPERTY APPRAISED:

APPRAISER: SUPERVISORY APPRAISER (only if required):

Signature: Signature:Name: Name:Date Signed: Date Signed:State Certification #: State Certification #:

or State License #: or State License #:State: State:Expiration Date of Certification or License: Expiration Date of Certification or License:

Did Did Not Inspect Property

Freddie Mac Form 439 6-93 Page 2 of 2 Fannie Mae Form 1004B 6-93


Lot 50 Highlands of Lake Lure, Lake Lure, NC 28746

Russell E. LeitnerMarch 15, 2018

A3523

NC06/30/2018


File No.

Property Address



Disclosure AddendumBorrower or Owner HomeTrust Bank

Lot 50 Highlands of Lake LureLake Lure Rutherford NC 28746

Lender or Client HomeTrust BankINTENDED USE: The Intended User of this appraisal report is the Lender/Client. The Intended Use is toevaluate the property that is the subject of this appraisal for a mortgage f inance transaction, subjectto the stated Scope of Work, purpose of the appraisal, reporting requirements of th is appraisal reportform, and Definition of Market Value. No additional Intended Users are identified by the appraiser.

This is an Appraisal Report: This report was prepared in accordance with the requirements of theAppraisal Report option of USPAP Standards Rule 2-2(a). The appraisal was prepared in accordancewith the requirements of the Uniform Standards o f Professional Appraisal Practice and was preparedin accordance with the requirements of T itle XI of the Financial Institutions Reform, Recovery andEnforcement Act of 1989, as amended (12 U.S.C 3331 et seq.) and any implementing regulations.

APPRAISER INDEPENDENCE STATEMENT: No employee, director, off icer or agent o f the lender, or anythird party acting as a joint venture partner, independent contractor, appraisal managementcompany, or partner on behalf of the lender has influenced or attempted to influence thedevelopment, reporting, result or review of th is assignment through coercion, extortion, collusion,compensation, instruction, inducement, intimidation, br ibery or in any other manner. I have not beencontacted by anyone other than the intended user (lender /c lient as defined on the first page of thereport), borrower or designated contact to make an appointment to enter the property . I agree toimmediately report any unauthor ized contacts either personally by phone or e lectronically to TheLender/Client.

I have performed services, as an appraiser regard ing the property that is the subject of this reportwithin the three-year period immediately preceding acceptance o f this assignment. An appraisalreport was completed on June 2, 2917.

Based on the sales data, the estimated reasonable exposure t ime for the sub ject property is over 6months.

The subject is currently listed on the market, NCMMLS #3358722 with a l ist ing price of $53,499 andhas been on the market for 33 days. 02/10/2018 LD

The appraisal was prepared in accordance with the requirements of the Uniform Standards o fProfessional Appraisal Practice and was prepared in accordance with the requirements of Tit le XI ofthe Financial Insti tut ions Reform, Recovery and Enforcement Act of 1989, as amended (12 U.S.C 3331et seq.) and any implementing regulations.

APPRAISAL IS NOT A SURVEY:It is assumed that the utilization of the land and improvements is with in the boundaries of theproperty l ines of the property descr ibed and that there are no encroachments or trespass unlessnoted in the report. The appraiser has made no survey of the property and no responsibility isassumed in connection with such matters. Any maps, plats, legal descriptions or drawingsreproduced and included in this report are intended only for the purpose of showing spatia lrelationships or giving a general idea of the property description. The reliability of in formationcontained in any such map, description or drawing is assumed by the appraiser and cannot beguaranteed to be correct. A surveyor should be consulted if there is any concern on boundaries,setbacks, encroachments, legal description or other survey matters.

APPRAISAL IS NOT A LEGAL OPINION:Title and Boundaries - No responsibility is assumed for matters of a legal nature that affects the tit leto the property nor is an opinion of t it le rendered. The value is given without regard to questions oftit le , boundaries, encumbrances or encroachments. We are not usually provided with informationregarding the tit le or legal description and, in any event, we neither made a detailed examination of itnor do we give any legal opinion concerning it.

SITE:The site is typical for the area in terms of size and appeal with no readily noted easements orencroachments. The appraiser has not made a survey but is ut iliz ing information that may beprovided by surveys, plat maps and the land records off ice of the county in which the subjectproperty is located. The appraiser has not done tit le work on the property and is assuming there areno restr ict ive covenants, encumbrances, contracts, declarations, unrecorded IRS liens, unpaidspecial assessments or unpaid property taxes.


File No.

Property Address



Disclosure AddendumBorrower or Owner HomeTrust Bank


Lender or Client HomeTrust BankDETRIMENTAL CONDITIONS:There are a wide variety of detr imental condit ions that can impact property values. These include, butare not limited to: non-market motivations, fu ture temporary disruptions, stigmas, convicted criminalswho reside in the neighborhood, neighborhood nuisances, future unannounced surroundingdevelopments, potentia l structural and engineer ing conditions, construction conditions, soils andgeotechnical issues, environmental condit ions and natural condit ions. The appraiser has inspectedthe subject property on a level that is consistent with the typical responsibi lit ies of the appraisalprofession; however, the appraiser does not have the exper t ise of market analysts, soi ls, structural orenvironmental engineers, scientists, specialists, urban p lanners and specialists in these variousfie lds. Un less otherwise stated with in the report, the appraiser assumes no responsibilities for theimpact that the variety of detrimental conditions may cause.

PRESENCE OF HAZARDOUS MATERIALS:The presence of hazardous substances, including without limitation asbestos, polychlor inatedbiphenyls, petroleum leakage or o ther chemicals, which may or may not be present on or near thesubject property , or other environmental conditions were not called to the attention of the appraiser atthe time of the valuation or inspection. The appraiser is not qualif ied to test for any hazardoussubstance and has no knowledge of the existence of such materials on or near the sub ject property. Ifany hazardous material contamination exists, it may affect the value of the subject property to thepoint that the cost of cleanup far exceeds the value of the property. Unless otherwise stated, thisappraisal is predicated on the assumption that there is no condition on or near the subject propertythat would cause a loss in value. No responsibi lity is assumed for any hazardous substancecontamination that may exist on or near the subject and the cl ient is urged to get a professionalinspection if there are questions in this area.

PHOTOGRAPH CERTIFICATION:The photographs used in this appraisal are digita l photos utilizing imaging technology. The appraiserpersonally inspected and photographed the subject and all comparables used in this appraisal,however some of the photographs may have been downloaded from an on-line provider, which betterdepicts the comparab le at t ime of sale. The photographs used in this appraisal are a true and correctrepresentation of the subject property and comparable sales utilized in this report. Although thephotographs may have been enhanced during the fin ishing process, no alterations were made to theimages that would misrepresent the appearance of the subject property or comparables.


File No.

Property Address


Client


PHOTOGRAPH ADDENDUMBorrower or Owner HomeTrust Bank


HomeTrust Bank

FRONT VIEW OFSUBJECT PROPERTY

REAR VIEW OFSUBJECT PROPERTY

STREET SCENE OFSUBJECT PROPERTY


File No.

Property Address


Client




HomeTrust Bank

COMPARABLE #1

Lot 63 Bear Cliff WayLake Lure, NC 28746

Price $5,000Price/SF 2,439Date 09/29/2017

Site Area 2.05 acres

Value Indication $5,000

COMPARABLE #2

Lot 406 Grey RockLake Lure, NC 28746




COMPARABLE #3

144 Southview DrLake Lure, NC 28746





File No.

Property Address


Client




HomeTrust Bank

COMPARABLE #4

Lot 60 Bear Cliff WayLake Lure, NC 28746

Price $12,000Price/SF 3,670Date 02/24/2018 LD



COMPARABLE #5

Price $Price/SFDate

Site Area

Value Indication $

COMPARABLE #6

Price $Price/SFDate

Site Area

Value Indication $


File No.

Property Address


Client


SITE PLANBorrower or Owner HomeTrust Bank


HomeTrust Bank


File No.

Property Address


Client


Location Map

Borrower or Owner HomeTrust BankLot 50 Highlands of Lake Lure

Lake Lure Rutherford NC 28746HomeTrust Bank


File No.

Property Address


Client


Aerial MapBorrower or Owner HomeTrust Bank


HomeTrust Bank


File No.Loan #I Rogers - REO 580

A1802031

CURRENT STATE CERTIFICATION


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