EXHIBIT 2014
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`Property values D Increasing - Stable
`E] Over 75%[:] 25-75% E] Under 25% Demand/supply [:j Shortage E' In balance [:I Over supply
`~ Growth rate - Rapid
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`Icfamiiy
`Si
`350:)
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`Low
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`Census Tract
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`Does the property conform to zoning regulations? El Yes I: No If No, describe:
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`Does the present use represent the highest and best use of the property as improved? El Yes D No If No, describe:
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`8
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`Other
`Public
`Other
`Public
`Utilities
`E_______
`ic'w EJ____._
`Alley
`Sanitary sewer
`Gas
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`Do the utilities and off-site improvements conform to the neighborhood? 1:] Yes D No If No, describe.
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`Water
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`Off-site Improvements Type
`Public
`Private
`Street
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`Are there any apparent adverse site conditions (easements, encroachments, special assessments, slide areas, etc)? El Yes I: No If Yes, describe:
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`Source(s) used for physical characteristics of property: - Exterior inspection from street - Previous appraisal files [:1 Assessment and tax records
`[:3 MLS E] Prior inspection E] Property owner - Other (Describe):
`No. of Stories
`Type (Det./Att.)
`Exterior Walls
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`Actual Age (Yrs)
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`Manufactured Housing - Yes - No
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`\E/ Are there an a parent physical deficiencies or conditions that would affect the soundness or structural integrity of the improvements or the livability oi the property?
`M I: Yes 6 No If Yes, describe:
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`Are there any apparent adverse environmental conditions (hazardous wastes, toxic substances, etc.) present in the improvements, on the site, or in the immediate
`vicinity of the subject property? E] Yes D No If Yes, describe:
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`APPRAISER’S CERTIFICATION: The appraiser certifies and agrees that:
`1. I personally inspected from the street the subject property and neighborhood.
`2. I stated in this report only my own personal unbiased, and professional analysis, opinions, and conclusions, which are subject
`only to the contingent and limiting conditions specified in this form.
`3. I have not knowingly withheld any significant information and i believe, to the best of my knowledge, that all statements are true
`and correct.
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`4. l have no present or prospective interest in the property that is the subject of this report, and I have no present or prospective
`personal interest or bias with respect to the participants in the transaction.
`5. I have no present or contemplated future interest in the subject property, and neither my current or future employment nor my
`compensation for performing this inspection is contingent on the outcome of the inspection.
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`SUPERVISORY APPRAISER'S CERTIFICATION: If a supervisory appraiser signed this report, he or she certifies and agrees that;
`I directly supervise the appraiser who prepared this report, agree with the statements and conclusions of the appraiser, agree to be
`bound by the appraiser's certifications numbered 4 and 5 above, and am taking full responsibility for this report.
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`CONTINGENT AND LIMITING CONDITIONS: The above certification is subject to the following conditions: The appraiser has noted
`in this report any adverse conditions (such as, but not limited to, needed repairs, the presence of hazardous substances, etc.)
`observed during the exterior inspection of the subject property and neighborhood. Unless otherwise stated in this report, the
`appraiser has no knowledge of any hidden or unapparent conditions of the property or adverse environmental conditions that would
`make the property more or less valuable, and has assumed that there are no such conditions and makes no guarantees or warranties,
`expressed or implied, regarding the condition of the property. The appraiser will not be responsible for any such conditions that do
`exist or for any engineering or testing that might be required to discover whether such conditions exist. Because the appraiser is
`not an expert in the field of environmental hazards, this report must not be considered as an environmental assessment of the
`property.
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`APPRAISER:
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`Signature:
`Name:
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`Company Name:
`Company Address:
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`SUPERVISORY APPRAISER (ONLY IF REQUIRED):
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`Signature:
`Name:
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`Company Name:
`Company Address:
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`Instructions
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`Desktop Underwriter Property Inspection Report
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`Desktop Undenrvriter's enhanced risk assessment capability enables the use of the Desktop Undenrvriter® Property Inspection Report (Form 2075), which
`requires an exterior-only inspection of the subject property from the street by a state-licensed or state~certified appraiser without an estimate of market value
`for the property.
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`View Recorded Training: http:/Ifanniemae.articulate-online.coml7778703690
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`Form 2075 is not an appraisal report. When Desktop Underwriter recommends Form 2075, it has judged the reasonableness of the sales price as adequate
`collateral for the mortgage loan. Therefore, a property appraisal is not required for the specific transaction.
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`Copies
`Original, plus one.
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`Printing Instructions
`This form must be printed on legal size paper, using portrait format. When printing this form, you must use the "shrink to fit" option in the Adobe Acrobat print
`dialogue box.
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`Instructions
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`When Desktop Underwriter recommends Form 2075, we will rely on the property valuation performed by the system's proprietary automated valuation model.
`Lenders are required to obtain an exterior-only property inspection of the subject property. No estimate of value is required. If the property inspection reveals
`adverse physical deficiencies or conditions, or the subject property does not conform to the neighborhood, the lender is required to upgrade to a complete
`interior and exterior appraisal reported on Form 2055.
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`The appraiser must attach any required exhibits to support each inspection report. The required exhibits for Form 2075 are a street map that shows the
`location of the subject property and a photograph that shows the front of the subject property.
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`Instructions Page
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