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�k No-R-2700 Pie� , <br /> Premier Appraisals,Inc. <br /> 7566 Hie Lane North <br /> Forest Lake,NIN 55025 <br /> February 16,2007 <br /> Frank Southertand <br /> Washington County Courthouse 14949 62nd St N <br /> S1fAvater,MN 55082 <br /> Re: Property. 5389 145:h Street North <br /> Hugo,PAN 55038 <br /> Borrower: MILLMAN,Murray Don <br /> Fie No. R-270062 <br /> In accordance with your request,we have appraised the above referenced property_ The report of that appraisal is <br /> attached. <br /> The purpose of this appraisal is to estivate the market value of the prcoerty described in this appraisal report,a5 <br /> improved,in unencumbered fee simple title of ownership. <br /> This report is based on a physical ants of the site and imprmeexnerds,a locational analysis of the neighborhood and <br /> city,and an econcmic analysis of the market for properties such as the subject The appraisal was developed and the <br /> report was prepared it accordance with the Uniform Standards of Professional Appraisal Practice. <br /> The value conclusions reported are as of the effective date stated in the body of the report and contingent upon the <br /> certi-ication and limiting conditions attached. <br /> III has been a pleasure to assist you. Pk•.ase do nol hesitale to conlact me or any of my staff iI we can be of additional <br /> service to you. <br /> Sincerely, <br /> RchAFrhe,MEA <br /> M AP-4000686 <br />