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11-15-93 <br />Ms. Beth Knutson <br />Norwest Morgage, Inc. <br />600 France Place Bl^., 3601 Minnesota Drive <br />Bloomington, MN 5M35 <br />File Number: #1422465 <br />Dear Ms. Knutson: <br />In accordance with your request, I have personally inspected and appraised the real proixirty at: <br />1995 West Farm Road <br />Orono,MN 55356 <br />The pu^se of the appraisal was to estimate the market value of the property, as improved, <br />in fee simple, unencumbered by liens. A legal description of the property will be found herein. <br />In my opinion, the estimated market value of the property as of November 12, 1993, is: <br />Two Hundred Sixtv-Two Thousand Dollars <br />($262,000) <br />The attached report contains the description, analysis and supportive data for the conclusions <br />and final estitnate of value together with descriptive photographs. <br />t Sincerely, <br />Janle«JkL Reming, SRA —' <br />CERTIRED RESIDENTIAL REAL PROPERTY/MN License #4000193 <br />3:.()1 MinncjoU Oiive. S^lll^^ 755, Hloomin.jl m M.N (>I2 K-1J 2.^57