C150233 Appraisal

• Contract/PO #: C150233
• Contractor Name: Tom Hill
• Contract Type: Loan
• County: Grand
• Loan Projects - Doc Type: Contract Documents

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COMPLETE APPRAISAL - SUMMARY REPORT

PROPERTY OWNED BY

TOM HILL

KNOWN AS

GORE PASS RANCH
LOCATED IN
GRAND COUNTY, COLORADO

PREPARED FOR

GRAND MOUNTAIN BANK
PO BOX 964
GRANBY, COLORADO

I)ATE OF VALUE: 1/24/2006
DATE OF REPORT: 211512006

PREI>AR.;U BY

sn:w ART 8, TflOMSON
CERTIFIED RESIDENTIAL APPRAISF:R
COLORADO NO, CR01316787

REVIEWED BY
LARRY C, WHITEMAN A,R.A
CERTIFIED GENERAL APPRAISER
COLORADO NO. CGOl314159
WYOMING PERMIT NO, 84

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February 15. 2006

Jeff Pexton
Grand Mountain Bank
PO Box 964
Granhy, Colorado 80446

Dear Mr. Pexton:

Per your request [ have made a complete appraisal and submit to you a summary appraisal

report, on propcrty owned by Tom Hill, known as Gore Pass Ranch, located in Grand County,

Colorado, approximately 7 miles northwest of Kremmling, Colorado. The property consists of

2,67] .69 dceded acres, morc or Icss according to records obtained trom the Grand County

Assessor's office.

I understand and agree that this report is confidential in nature, for your specific purpose and J
agrce to not divulgc any information obtaincd hercin to any person other than those authorized to
receive a copy of this report, unless duly authorized by you, except as stated in the assumptions
and linlltmg conditions.

This is a Complete Appraisal in a Summary Appmisal Report which is intended to comply with
the reporting requirements set ti>rth under Standards Rule 2.2(b) of the Unill>rlll Standards of
I'roli:ssional Appraisall'raetiee (USI'AI') till' a Summary Report. As such, it represents only
summary discussions of the data, reasoning and analyses that were used in the appraisal proccss
to develop the appraiser's opinion of value. Supporting documentation concerning the data.
reasoning and analyses is retained in the appraiser's file. The depth of discussion contained in
this report is specific to the needs of the clicnt and tor thc intcndcd use Slated hercin. The
appraisers arc not responsihlc tor any unauthorized use of this report.

The definition of market value, legal description, limiting conditions and assumptions and other
pertinent data used to solve the appraisal problem are included in the attached report.

The appraisal is prepared in conformance with specific instructions from Grand Mountain Bank:
ritle XI of the Financial Institutions Reform. Recovery and Enforcement Act of 1989 (FJRREA)
and thc Uniform Standards of Professional Appraisal Practice (USPAP) promulgated by the
Appraisal Standards Board of the Appraisal Foundation.

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