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Supplemental Addendum FaeNo. 3357 <br /> Borrower/Clirrt FRVE _ <br /> Pro e Addrrss 75-5787 Nele Place <br /> C' Kailua-Kona Cou Hawaii _ _ State HI Zp Code 96740 <br /> Lender Clark Realt <br /> chosen arc in a similar zone. Markclability in This zone as a result of volcanic activity has not had any disecrniblc cficct on <br /> values. <br /> 12. If the subject is in a flood hazard area, how does this alTect its value? <br /> The subjccf is nor located in a flood zone per FIRM maps. <br /> ]3. Summarise the subject's ourrent sales contract including, any sales concessions or personal property included <br /> in the sale. <br /> Property in escrow, no details provided to appraiser. <br /> 14. Has the sub,jcct Uccn ol'fcrcd for sale in the taxi 311 d;n~s? <br /> In escrow. <br /> (5. Analyze and report d~tla on current tetanus and vacancic.c for the subject if' it is or will be inenme producing. <br /> The subject is not income producing. <br /> 1(. Analyze and report a reasonable nuu9<ct expostn•e pa~iod for the subject property. <br /> Market exposure period for sales within snbjccl area range from 0 l0 4')2. The estimated markcl exposure period, at price <br /> approxinuuing appraised value is under 3 months. <br /> 17. Legal description of the property is attached. <br /> No legal description was provided. <br /> 1K. Ilas the sub.jecL or comps tr:msferred within the past three cca rs'' <br /> The snbjccl sold in 12/(12 for $186,000. None of the comps Iruislcncd ~~~il tun the past 1 }~rirs. <br /> ADDITIONAL DISCLOSUt2ES <br /> Larry R. E3aird is a CGA licensed appraiser in the 51a1e of Hawaii and has Deer 25 years expericnee appraising on the Eiig <br /> Island. He is a candidnle with Ibc Appraisal Inslilulc. I ccrlily Ihat, to the best of knowlcdgc and belief That the reported <br /> analysis, opinions and conclusions were developed and This rcporl has been prepared in conformity with the rcquircmcn(s of <br /> the Code oC Ethics and the Standards of Professional Practice of the Appraisal Laslilule. I ccrlily that the use oCihis report is <br /> subjccf to the rcquirrmcnls oClhc Appraisal tnslihilc relating to review by its duly aulhorizcd rcprescnlalivcs. <br /> Joclle Baird is a CcrliGcd Rcsidcnlial Appraiser in the Stale of Hawaii and is an Affiliate Member of the Appraisal Inslilulc. <br /> The uppraiscr has the a~pcricncc and knowlcdgc to complete the appraisal rcporl in compliance o~ilh the conapclcncv <br /> provision of USPAP <br /> The apps isul is based upon the definition of markcl value found in the ccrli(;aalion of This rcporl. <br /> ENVIRONMENTAL ADDi;NDUM <br /> This addendum reports the results oClhe appraiser's routine inspection of and inquiries about the existence (or non cxislenec) <br /> of any hazardous substances and/or dclrinacnlal cnvironnacnlal condilions_ The appraisers arc not expert environmental <br /> inspceGars, and ihcrcfore, might be unaware of ccisling hazardous substances and/or environmcnlal condilions which may <br /> have a negative efl'ccl on the safely and value of the propery_ It is pos5~blc Ihal Icsls and inspections made by a gnafified <br /> inspector would reveal the e.xislenec of hazardons material and/or delrinacnuil environnacnlal conditions on or around the <br /> properly tha( would negatively afTcct its safety and value. <br /> * Apparent is dcfmcd as that which is visible. obvious, evident or naanifcst to the apprniscr_ <br /> DRINKING WATER <br /> <br /> _X Drinking water is/will be supplied to the sublcct from a municipal water supply which is considered safe. <br /> Drinking water is supplied by n calchmari system <br /> The value cstimam in This appraisal is based on the assumption Ihat there is an adequate supple of safe. lead free drinking <br /> water. <br /> Where tvatcr calchntcnl systems arc utilized, ansucr the following qucslions <br /> A. Is Ihcrc a secondaq~ water source avadahic'~ <br /> rJa. <br /> B. What is the effect the water e:alchinenl system has nn the subject's m;irkcuabilily'? <br /> n/a. <br /> C. Arc water cdchnacnl systems h~pical for neighborhood? <br /> r>/a. <br /> SANITARY IVASTE DISPOSAL <br /> Sanitary waste will be removed from the propcny by a municipal scwcr s}_sicm. <br /> Sanitary waste will be disposed of vin a septic system <br /> _X Boohoo}~ ~+asle is/will be disposed of by a cesspool. Cesspools arc conunon in Hawaii and do not affect <br /> markaabilily- <br /> 9'hc value cslinaalc in Ibis appraisal is hosed on the assumption that the snnilarv waste ishvill be disposed of via n numicipal <br /> scwcr syslctn or an adequate and properly naainlaincd altcrnnlc Ircalnacnl system in good condition. <br /> SOIL CONTAMMAN'fS <br /> _X_ There arc no apparcm signs of soil concuninaliou on or near the subject properly. ll is possible that rescarcla, <br /> Form TA00 - "TOTAL for Windows" appialsal software by a la mode, inc. - 1-800-ALAMODE <br /> <br />