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10 <br />� 9 <br />� 0 <br />Bonner Appraisal <br />Real Estate Appraiser and Consultant <br />June 19, 1997 <br />Rick Burden <br />Notre Dame Credit Union <br />19033 Douglas Road <br />Notre Dame, IN 46556 <br />File Number: 97U115 <br />File No. 97 U 115 <br />Thank you for the opportunity to be of service. <br />In accordance with your request, I have personally inspected and appraised the real property at: <br />1704 E. Wayne Street <br />South Bend, IN 46615 <br />The purpose of this appraisal is to estimate the market value of the subject property, as improved. <br />The property rights appraised are the fee simple interest in the site and improvements. <br />In my opinion, the estimated market value of the property as of June 19, 1997, is: <br />One Hundred Eight Thousand Dollars <br />($108,000) <br />The attached report contains the description, analysis and supportive data for the conclusions, <br />final estimate of value, descriptive photographs, limiting conditions and <br />appropriate certifications. <br />Sincerely, <br />Nancy G. Bonner, SRA <br />NGB <br />2700 Portage Road, Niles, Michigan 49120 616 683-6029 <br />V <br />