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<td colspan="2"><p><img src="media/image1.wmf"
style="width:0.35139in;height:0.34444in" /></p>
<p>U.S. Department of Transportation</p>
<p><strong>Federal Aviation Administration</strong></p></td>
<td colspan="8"><p><strong>Instructions and Attachment for Summary
Appraisal Reports</strong></p>
<p><strong>Uniform Residential Appraisal Report (URAR), FannieMae Form
1004</strong></p>
<p><strong>Small Residential Income Property Appraisal Report, FannieMae
Form 1025</strong></p></td>
</tr>
<tr class="even">
<td colspan="3"><strong>Project:     </strong></td>
<td colspan="3"><strong>Parcel:     </strong></td>
<td colspan="4"><strong>Owner:     </strong></td>
</tr>
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<td colspan="10"><p><strong>INSTRUCTIONS.</strong> . The use of the
FannieMae Uniform Residential Appraisal Reports, Forms 1004 and 1025 or
comparable report forms are acceptable for FAA airport projects. These
forms are "Summary Appraisal Reports", and may be used for appraisals of
whole takings of improved one-to-four family residential property, per
applicable report instructions. However, the use of these forms for FAA
assisted airport projects must be supplemented with the following
information and documentation.</p>
<ol type="1">
<li><p><strong>The appraiser shall disregard any increase or decrease in
the fair market value of the real property caused by the project for
which the property is to be acquired, or by the likelihood that that the
property would be acquired for the project, other than that due to
physical deterioration within the reasonable control of the
owner.</strong> (49 CFR 24.102)</p></li>
<li><p><strong>AIP Project Number.</strong> Must be indicated on the
appraisal report (attach this form).</p></li>
<li><p><strong>5-year Sales History.</strong> The appraiser must
identify, consider, and analyze any prior sale of the property within
<strong>5 years</strong> of the appraised date of value. (per 49 CFR
24.103). The appraiser may provide this information below and attach to
the appraisal. When applicable a prior sale should be included as a
comparable sale of the property. An existing airport avigation easement
or other encumbrance on the owner's fee title value shall be noted and
as applicable considered in the appraised value. (49 CFR
24.103)</p></li>
<li><p><strong>Property Sketch.</strong> The appraisal must include a
sketch of the property and provide the location and dimensions of the
improvements.</p></li>
<li><p><strong>Photographs.</strong> The appraisal shall include
adequate photographs of the subject property.</p></li>
<li><p><strong>Maps.</strong> Location maps of the property and
comparable sales shall be provided.</p></li>
<li><p><strong>Limiting Conditions.</strong> The appraiser shall attach
the limiting conditions to the report.</p></li>
<li><p><strong>Appraisers Certification.</strong> The appraiser shall
attach FAA Form 5100-111, or comparable certification. (49 CFR 24.102
&amp; .103).</p></li>
</ol></td>
</tr>
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<td colspan="10"><strong>5 Years Sales History of Subject
Property</strong></td>
</tr>
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<td colspan="10"><p><strong>According to Public Records the Subject
Property has NOT sold in the past 5 years.</strong> <strong>Yes;
OTHERWISE List the prior conveyances below:</strong></p>
<p><em><strong>(The intent of this requirement is to assure the research
and analysis of prior sales of the subject and the 5 year time frame is
a minimum.)</strong></em></p></td>
</tr>
<tr class="even">
<td><strong>Date:</strong><strong>     </strong></td>
<td colspan="4"><strong>Grantor:      </strong></td>
<td colspan="2"><strong>Liber/Folio:</strong>
<strong>     </strong></td>
<td colspan="2"><strong>Price:</strong> <strong>     </strong></td>
<td><strong>Verfired with:</strong></td>
</tr>
<tr class="odd">
<td><strong>Date:     </strong></td>
<td colspan="4"><strong>Grantor:      </strong></td>
<td colspan="2"><strong>Liber/Folio:      </strong></td>
<td colspan="2"><strong>Price:      </strong></td>
<td><strong>Verfired with:</strong></td>
</tr>
<tr class="even">
<td><strong>Date:     </strong></td>
<td colspan="4"><strong>Grantor:      </strong></td>
<td colspan="2"><strong>Liber/Folio:      </strong></td>
<td colspan="2"><strong>Price:      </strong></td>
<td><strong>Verfired with:</strong></td>
</tr>
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<td colspan="10"><strong>Appraiser's Remarks on Prior Sales and
Encumbrances:      </strong></td>
</tr>
<tr class="even">
<td colspan="4"><strong>Airport Sponsor:      </strong></td>
<td colspan="4"><strong>Appraiser (Name):</strong>
<strong>     </strong></td>
<td colspan="2"><strong>Date:      </strong></td>
</tr>
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<td colspan="10"><p><img src="media/image2.wmf" /> <em><strong>ATTACH TO
APPRAISAL REPORT</strong></em> <img src="media/image3.wmf" /></p>
<p><strong>FNMA Forms 1004 and 1025 may be downloaded at:</strong></p>
<p><strong>http://www.fanniemae.com/singlefamily/doingbusiness/forms/formlist.html</strong></p></td>
</tr>
</tbody>
</table>

FAA Form 5100-112-URAR (7/99) Eform