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SENT BY: 7- 2-97 : 9:33AM 0 S M- 98328106:#12/12 <br /> CERTIFICATE OF VALUE 69 <br /> Subject to the assumptions aad limiting conditions set forth herein,it is our opinion that the <br /> "as is" market value of the property, free and clear of financing, as of June 4, 1996, is: <br /> •41 35.000 - ONE MILLION FOUR HUNDRED THIRTY-FIVE THOUSAND DOLLARS <br /> Based upon reasonable exposure to the open market, the property should sell witbin 12 <br /> months at the concluded value. <br /> Respectfully submitted, <br /> LANDMARK VALUATION, INC. <br /> Dak E. Washburn, MAI Tom D. Sivak <br /> President Vice President <br /> Colorado Certified General Appraiser Colorado Certified General Appraiser <br /> #CG01313178 #CG01317720 <br /> i <br /> r <br /> 1 � <br /> r <br /> r <br /> ' LANDMARK VALUMON,INC. <br /> Real&wt A"niim•Owuhsmu <br /> I ' <br />