Tran.pdf

Tim N Tran Petitioner V Township Of Gerrish Respondent · 26-003534-TT

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RECEIVED

 JUL 01 2006

 MICHIGAN TAX TRIBUNAL

 STATE OF MICHIGAN
GRETCHEN WHITMER DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS ORLENE HAWKS
 GOVERNOR LANSING DIRECTOR

 PROPERTY TAX APPEAL PETITION FORM
 VALUATION / EXEMPTION / CLASSIFICATION APPEAL

 Do not use this form to appeal Principal Residence Exemption, Qualified Agricultural Exemption, Special Assessment, or
 Non-Property tax disputes.

 Pursuant to Michigan Tax Tribunal Rule (TTR) 277(3), you MUST submit a copy of the notice giving rise to the appeal
 (e.g. Board of Review Decision or Notice of Uncapping) with this Small Claims Petition, if applicable. If you do not
 submit this document, you may be held in default.

 Section 1: Petitioner’s Contact Information
 First Name MI. Last Name/Company Name
 TIM N TRAN

 Mailing Address (No., Street, P.O. Box or Rural Route)
 1384 WEST HIGGINS LAKE ROAD

 City or Town State ZIP Code
 ROSCOMMON Ml 48653

 Telephone Number Fax Number
 (517) 303-3880 (734) 485-6251

 E-mail Address (do not enter unless you want MTT to send all correspondence via e-mail)
 tim.tran@prattwhitney.com

 Section 2: Petitioner’s Attorney/Authorized Representative’s Contact Information
 First Name [TEN Last Name
 WILLIAM C BABUT
 rm Babut Law Offices, PLLC

 Address (No., Street, P.O. Box or Rural Route)
 700 TOWNER STREET
 City or Town State ZIP Code
 YPSILANTI MI 148198

 Telephone Number Fax Number
 734.485.7000 734.485.6251
 E-mail Address {do not enter unless you want MTT to send all correspondence via e-mail)
 WBABUT@BABUTLAW.COM

 Section 3: Subject Property Information
 How many If you are appealing more than one parcel, are they contiguous or adjoining?
 parcels are you [7] Yes [wi] No**

STATE OF MICHIGAN
GRETCHEN WHITMER DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS ORLENE HAWKS
 GOVERNOR LANSING DIRECTOR

 Section 4: Issues Being Appealed (checkallthat apply)

 [A True Cash and Taxable Value {O Poverty Exemption

 [@ Taxable Value Only (calculation) [0 pisabled Veterans Exemption

 [J Uncapping of Taxable Value {J Eligible Manufacturing Personal Property (ESA)

 [J Exemption from Taxation {other than the denial of a {1 Classification
 Principal Residence or Qualified Agricultural Exemption)

 Section 5: Explain the Reason for this Appeal

 The subject property is over assessed by Gerrish Township. The 2026 Taxable Value
 (TV) is $716,400.00 and the assessed value (SEV) is $716,400.00 for a True Cash
 Value (TCV) of $1,432,800.00 The property is on an 0.43 acre improved lot with a
 home onit. We are submitting evidence of comparable properties and a recent
 appraisal (08/16/2025) adjusted to support our petition and prove the property is over
 assessed.

 Section 6: Jurisdictional Issues
 Year(s) you are appealing:
 2026

 Did you protest the assessment at a Board of Review (BOR)? [¥] Yes 0 No
 If Yes, check which BOR you attended AND attach the BOR decision: [J] March [1 yuly [J] December

 If No, check the applicable reason(s):
 0 Not required to attend

STATE OF MICHIGAN
GRETCHEN WHITMER DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS ORLENE HAWKS
 GOVERNOR LANSING DIRECTOR

 Section 7: Valuation Information *use the multiple parcel form for additional, contiguous parcels.
 Parcel [dentification Number:
 004-032-008-0100

 Classification of Property:
 Real Personal {check one)
 ]

 Agricultural Commercial Industrial Residential Timber-Cutover Developmental Utility (check one)

 Current Assessed Value (also known as State Equalized Value) as established by the BOR:
 $716,400.00

 Current Taxable Value as established by the BOR:
 $716,400.00

 What do you believe is the fair market value (also known as True Cash Value)?
 $920,000.00

 Multiply the True Cash Value by .5 and enter here. This is your contention of Assessed Value.
 $460,000.00

 If you believe the Taxable Value differs from your contention of Assessed Value, enter your contention of Taxable Value,
 $460,000.00

 Section 8: Classification Information *Only the Ml Dep't of Treasury may appeal this issue to the Tribunal*

 Parcel identification Number:

 Current Classification of Property as established by Board of Review:
 Real Personal {check one}
 a
 Agricultural Commercial Industrial Residential Timber-Cutover Developmental Utility {check one)

 What do you believe is the property's classification?
 Real Personal {check one}
 a
 Agricultural Commercial Industrial Residential Timber-Cutover Developmental Utility (check one)

 If improved property, how is the property currently being used?

 If improved property, for what use was the property designed?

STATE OF MICHIGAN
GRETCHEN WHITMER DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS ORLENE HAWKS
 GOVERNOR LANSING DIRECTOR

 Fee Information
 Does the subject property have a Principal Residence Exemption of at least 50% as of the date of the filing of this petition?

 4 Yes Od No

 Are you appealing ONLY the denial of a Poverty Exemption?

 O Yes [v] No

 If you answered yes to either or both of the above questions, you are not required to pay any filing fees.

 The filing fee is based on the greater of the State Equalized Value or Taxable Value in contention. If you are appealing more than one
 parcel, the parcel with the highest State Equalized Value or Taxable Value in contention will be used to determine your filing fee, plus
 $25.00 will be added for each additional parcel being appealed, not to exceed a totalfiling fee of $1,000.

 If your property is residential property (see MCL 205.762) and
 the State Equalized Value or Taxable Value in contention is: Filing Fee is:

 $100,000.00 and under $125.00
 $100,000.01 to $500,000.00 $200.00
 $Over $500,000.00 $300.00

 If your property is NOT residential property (see MCL 205.762) and
 the State Equalized Value or Taxable Value in contention is: Filing Fee is:

 $100,000.00 and under $250.00

 * Plus $25.00 for each additional parcel, as indicated above.

 If your property is NOT residential property and the State Equalized Value or Taxable Value in contention is $100,000.01 or greater the
 appeal does not qualify for Small Claims. Therefore, an Entire Tribunal petition must be filed.

 Signature *required WL LC. AAdu
 Petitioner or Attorney/Authorized Representative’s Signature: William C. Babut
 Isl

03/23/2026 01:35 PM
 2026 BOARD OF REVIEW DECISION

 FROM

 GERRISH TOWNSHIP

 2997 E HIGGINS LAKE DR
 ROSCOMMON, MI 48653-7718

 NAME AND ADDRESS OF OWNER OR PERSON NAMED ON ASSESSMENT ROLL: PROPERTY IDENTIFICATION: (Parcel Code required. Property address
 and legal description optional):
 004-032-008-0100 1384 W HIGGINS LAKH

 TRAN TIM NHUONG & PHAN HIEU T
 189 FAWN CREEK DR 1-488 P-581 243-32-8-3 COM ON SH OF LK 404 FTN OF E &
 HOLT, MI 48842-9653 W1/4 LN OF SEC 32 TH W266 FT THN 75 FT THE TO SH TH
 SLY ALG SH TO POB PART OF LOT 2 SEC 32 T24N R3W 43A

 THIS PROPERTY 1S CLASSIFIED 401 (RESIDENTIAL-IMPROVED)

 Thank you for attending this years March Board of Review. The Board has reviewed the information you supplied and the data necessary
 to compute your assessment and taxable value.
 The Board has completed their review of parcel number 004-032-008-0100
 They have made the following determination based on the information you supplied.

 Board of Review Contents

 ASSESSED AND TAXABLE VALUES DETERMINED TO BE ACCURATE

[2026 ORIGINAL ASSESSED VALUE 716,400 ]

[2026 "BOARD OF REVIEW" ASSESSED VALUE 716,400 - |

 (If the above amounts are the same, no revisions have occured)

[2026 ORIGINAL TAXABLE VALUE 716,400

[2026 "BOARD OF REVIEW" TAXABLE VALUE 716,400

[2026 PRINCIPAL RESIDENCE EXEMPTION/QUALIFIED AG 0.0000 |

Please feel free to contact the assessor at the address listed above or call if you have any questions.

"Effective March |, 2013, the Tribunal is no longer able to accept Small Claims letter appeals. Rather, you are required to file a petition to
initiate a new Small Claims appeal. Petition forms are available on this website."

hitp://www.michigan.gov/taxirib/0,4677,7-187-38254---,00.htmnl

Home value Cost calculator Home details Neighborhood
 em mmm mm EET —
 Appliances « Total interior livable area: 3,024 sqft
 + Included: Washer, Range/Oven, Refrigerator, « Finished area above ground: 3,024 laim hon
 Dryer, Dishwasher

 « Laundry: Lower Level

wv Show more

Services avallabllity
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Price history Learn More # EMPOW

Date Event Price

6/17/2025 Sold $1,750,000 -2.7%

 $579/5qft

 io Report

6/13/2025 Pending sale $1,799,000
 $595/5qft
 av 79 Report

5/16/2025 Contingent $1,799,000
 $595/sqfc

 a5 VIWMLS Report

5/15/2025 Listed for sale $1,799,000 +318.4%
 $595/5qft
 Report

3/31/2017 Sold $430,000
 $142/5aft

 - 117070 Report

Public tax history

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APPRAISAL OF REAL PROPERTY

 LOCATED AT

 1384 W Higgins Lake Dr
 Roscommon, MI 48653
 See attached addenda

 FOR

 United Wholesale Mortgage, LLC
 685 South Boulevard East
 Pontiac, MI 48341

 OPINION OF VALUE
 1,150,000

 AS OF
 08/16/2025

Heritage Appraisal
PO Box 324
Oscoda, MI 48750
(989) 739-0850
‘www.HeritageAppraisal,biz

08/19/2025

United Wholesale Mortgage, LLC
585 South Boulevard East
Pontiac, Mi 48341

Re: Property: 1384 W Higgins Lake Dr
 Roscommon, MI 48653
 Borrower: Tim Tran & Hieu Phan
 File No.: 1525231662

Opinion of Value: $ 1,150,000
Effective Date: 08/16/2025

In accordance with your request, we have appraised the above referenced property. The report of that appraisal is
attached.

The purpose of the appraisal is to develop an opinion of market value for the property described In this appraisal
repo, as improved, in unencumbered fee simple title of ownership.

This report is based on a physical analysis of the site and improvements, a locational analysis of the neighborhood and
city, and an economic analysis of the market for properties such as the subject. The appraisalwas developed and the
reporl was prepared in accordance with the Uniform Standards of Professional Appraisal Practice.

“The opinion of value reported above is as of the stated effective date and is contingent upon the certification and
limiting conditions attached.

it has been a pleasure to assist you. Please do not hesitate to contact me or.any of my staff if we can be of additional
service to you.

Sincerely,

 oly fo

Alysa Jane Pichler
Certified Residentlal Appeal
License or Certification
State: Mi Expires: 07/31/2026
alysapichler19@gmail.com

Borrower Tim Tran & Hieu Phan Tie Ho. 1525231662
 Property Address 1384 W Higgins Lake Dr.
City Roscommon County Roscommon Sate Mi ZipCode 48653
 Lender/Chent United Wholesale Mortgage, LLC

 TABLE OF CONTENTS

 Cover Page
 Lefter of Transmittal
 Summary of Sakent Feahutes .......
 URAR consumers asses
 Additonal Comparables 4-6
 General Text Addendum
 ‘Subject Photos
 BRITT Bo S——
 Interior Photos -
 Intesior Photos
 Interior Photos
 Photograph Addendum
 Comparable Priotos 1-3
 Comparable Photos 4-6
 Subject Aerial
 Location Map
 Building Sketch
 Subject ML
 USPAP identification -
 UAD Definitions Addendum ARREARS ep
 License
 E40

SUMMARY OF SALIENT FEATURES

Subject Address 1384 W Higgins Lake Dr

 Lega! Description See allached addenda

City Roscommon

County Roscommon

State Mi

 Zip Code 48653

 Census Tract 9704.02

 Hap Reference 143

 Sale Price $ 920,000

 Date of Sake 08/12/2025

Borrower Tim Tran & Hieu Phan

 Lender/Chent United Wholesale Morigage, LLC

 Size {Square Feet) 2,835

 Price per Square Foot § 324.51 )

 Location B:Higgins Lake;

 Age 41

Condrion C4

 ‘Total Rooms 9

Bedrooms 5

Baths 30

 Appraiser Alysa Jane Pichler

 Dale of Appraised Value 08/16/2025

Heritage Appraisal, (989) 739-0850

 Uniform. Residentialn 3 Appraisali Report Hid Joveratat?8138:

 The purpose of this summary appraisal report is to provide the kender/chiert with an accurate, and adequately supporded, opinion of the market vale of the subjecl property.
 Propedy Address 1384 W Higgins Lake Dr City Roscommon Ste Ml ZipCode 48653
 Borrower Tim Tran & Hieu Phan Qunerof Public Record Casmiir J Snabes Trust County Roscommon
 Legal Description _ See attached addenda
 Assessor's Parcel # 004-032-008-0100 Tax Year 2024 RE Taxes$ 8,411
 5 Heighborhood Name Higgins Lake Map Reference 143 Census Tract 9704.02
 ff Occupant [1] Owner [1] Tenant [X) Vacant Special Assessments § 0 CJPuD_ HOAS © [1 perysar {} permonth
 bed Property Rights Appraised DG) Fee Simple [1] Leasehold [1] Other (descr)
 Rd Assignment Type DQ Purchase Transaction [ | Refinance Transaction [| Other (describe)
 tenderClent United Wholesale Morlgage, LLC Addiess 585 South Boulevard East, Pontiac, Mi 48341
 Is the subject property curently offered for sale or has H been offered for sale In the twelve months prior to the effective date of this appraisal? DG Yes [IM
 Report data source(s) used, offering price(s), and date(s). DOM 141;Per WWMLS #201833983, the subject property was listed for sale by RE/MAX of
 Higgins Lake on 03/28/2025 with an asking price of $1,100,000. The asking price was reduced to $1,050,000 on 05/19 and {o $999,500 on 07/21.
 § DK did [3 did not analyze the contract for sale for the subject purchase transaction. Explainthe results of the analysis of the contract for safe of why the analysis was not
 performed. Arms length sale; The subject has an accepted offer with the borrower Tim Tran as the buyer and the current owners as the sellers.
 by The final signed offer is dated 08/12/2025. The agreed sales price is $920,000.
 ig Contract Price § 920,000 Dale of Contract 08/12/2025 Is the propery seller the owner of public record? Ves [No DataSowce(s} Township Recards
 Eis there any financial (loan charges, sale , gift of dor ai assistance, ele.) 10 be paid by any party on behalf of the borrower? [Yes BG to
ves. report the total dollar amount and describethe tems to be paid. $0:

 Hote: Race and the ractal composition of the neighborhood are riot appraisal factors.
 Helghbortiood Characteristics One-UnitHousing Trends One-Unit Housing ProsentLandUse%
 Location {Urban [7] Suburban Rural Property Values [J Increasing DQ Stable [] Declining PRICE AGE | One-Unt 95%
 ° BuitUp DQ Over75% [1 25-75% [Under 25% {Demand/Supply DG Shodage {] InBalance [ ] Over Supply | {000} fyis) {2-4 Unit 0%
 Jef Growth [] Rapid BC Stable [1 Stow Marketing Teme DG Under 3miths [7] 3-6mihs [T]Overbmihs | 400 Low 1 | Muli-Famiy 0%)
 F: Helgtiborhood Boundati The neighborhood Is restricted to Higgins Lake fronting properties and is 4,000 High 150 |Commercial 0%
 24 bounded by Hiagins Lake Drive to the North, South, East, and West. 1,200 Pred. 40 |Gther 5%)
 Fo] tleighborhood Bescription The area is served by county and state police departments and volunteer fire departments. Education is provided by Roscommon
E] area school systems. Shopping and medical services are available in Roscommon. The vasl majority of the private land use is for single family use. The
 remainder (approx. 5%) consists of commercial, recreational, and vacant property not suitable for residential use.
 Warkel Conditions (including support for the above conclusions) The general market is currently stow and listing inventory remains somewhat low. Values
 appear lo be stabile for most property types. As lo the current market, for the next few months northern Michigan will be in its traditional active
 selling season, Interest rates are near historic average rates. All forms of financing continue to be readily available.
 Dimensions_See Legal Description Alea 18731 sf Shape _Irrequiar View _8:WWr,78"
 Specific Zoning Classification R-1A Lake Res Dist Zoning Description Single Family Residential, Accessory Outbuildings etc.
 Zoning Comphiance DX] Legal [ ] Legal Nonconfarming (Grandfathered Use} [] No Zoning [™) legal {destribe)
 Is the highest and best use of subject property as improved {or as proposed per plans ang specifications) the present use? Yes [] No Mo desciibe The subject

 property is currently used as a single family home and is zoned residential, therefore the highesi and best use is as a single family home.
 Ulifities Public Other (describe) Public Other (describe) Qit-site Improvements - Type Public Private
 Mleecicty XX (1 Viale, Well - Typical Street Paved I]
» [Ey $® [1 Natural Gas - Typical Santay Sever Septic - Typical Ate None [Wi] [i]
 FEMA Special Flood Hazard Area [1Yes BK No FEMAFlood Zone X FEMAMap # 26143C0165A FEMA Map Dale 01/18/2012
 Ase the uliities and off-site improvements typical for the market area? Yes [] No I No, describe
 Are there any adverse site conditions or externa factors (easements, encroachments, envijonmental condiions, land uses, ele)? []Yes [X Ho If Yes, describe

 The subject property is accessed via a shared drivewayflegally described access easement. In northern Michigan there is no market data to indicate
 that this type of access affects the value or marketabllity of the property.

 Goieral Description Foundation. {Exterior Description materials/condiion finterior materials/condition |
 Uns DC One [ ] One with Accessory Unt J] Concrete Sib DR) Cravd Space Foundation Walls Concrele BlockfAve |Fioors Carp,Lino,Wood/Av.
 # of Stories 2 Fidl Basement Pattial Exterior Wakis Vinyl, Brick Alum/Ave [Vals DrywaliAverage
 Type DC Det [1 At. [7] S-Det/End Unt Area 1,139 sqft jRoof Surface Shingle/Average TimfFinish _ Wood/Average
 DK] Existing [1] Proposed |] Under Const. [Basement Finish 0 %|Gutiers& Downspouts Gutters/Average Bath Floor Linoleum, Wood/Ave
 Design (Sty) Colonial 0 Outsile Enty/Ext [1] Sump Pump {Windorw Type ThermaliAverage [Bit Wainsoal FiberglassiAverage
 Year Buit 1984 Evidence of [7] Infestation Storm Sashinsulated _Insulated/Average [Car Storage Hone
 Effective Age (1s) 20 IC] bampogss [7] Setferment Screens Screens/Average Diveway # of Cais 2
 Atlic None Heabng | | FWA DK) HWBB i} Radiant jAmenities [| Woodstove(s}# © |Diiveway Surface Gravel, Paved/Av!
 [1 Diop Stair Stairs (] Other [Fuel Natural Gas |) Fephces) # _1_[] Fence None [DC Guage #ofCars 2
 [1 Floor 5 Scuttle Cooling [] CentralAir CondRioning PatioDeck Two DK) Porch Two Carport # of Cars 0
PY) Fished {] Healed [7 indridual [BX over _None Pool None OX) Other Otodg/Stg [DAML [J Det [1] Buitin
 bo Apoiances |) Refrigesstor [| Range/Oven |} Dishwasher [7] Disposal [7] Microwave [7] Washey/Bryer BX Other (describe) Nol included in Appraisal Process
 fii] Finished area above grade conains: 9 Rooms 5 Bedrooms 3.0 Baths) 2,835 Square Feet of Gross Living Area Above Grade
 8 ‘Addional features (special energy efficient Rems, ele.) None noted. Note: Appliances were not included in the appraisal process.

Uniform Residential Appraisal Report Fio# 25081382P1525231662

 There gre © comparable propedties currently offered for sale in the subject neighborhood ranging in price from § 0 $ 0
 There are 4 comparable sdes in the subject neighborhood within the past twelve months sanging in sale price fom $ 800.000 08 1,340,000
 FEATURE I SUBJECT COMPARABLE SALE # 1 COMPARABLE SALE # 2 COMPARABLE SALE # 3

 Address 1384 W Higgins Lake Dr 103 Muskegon Ave 129 Chaney Point Dr 9396 Park View Trl
 Roscommon, Mi 48653 Roscommon, Mi 48653 Roscommon, Mi 48653 Roscommon, Mi 48653
 Proximity to Subject 0.89 miles N 2.12 miles NE 5.63 miles NW.
 Sale Price 3 920.000; i 840,000) $ 1,340,000, Is 1,065,000
 Sale Price/Gross Liv. Area $324.51 sqtiS 380.61 sah $529.64 sft $560.53 sqft
 Data Source(s) WWMLS#201833358,.D0M 48 |WWWMILS#201833092,D00M 62 |MIRS#60327313,00M 281
 Verification Source(s) Realist/Assessor/Appraisal Files |Realist/Assessor Realist/Assessor
 VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +{:} § Adjustment DESCRIPTION +{) § Adjustment DESCRIPTION +{) § Adjustment
 Sales of Financing Armitth Armlth AmLth
 Concgsslons Conv;0 Seller;0 Cash,0
 Date of Sak/Time $04/25.c03/25 0;506/25;¢05/256 0304/25,c03/25 [1]
 Location B:Higains Lake; | B;Higgins Lake; B;Higgins Lake; B;Higgins Lake;
 LeasehokiTee Simple Fee Simple Fee Simple Fee Simple Fee Simple
 She 18731 sf 7989 sf 08160 sf 010681 sf 0]
 View B:wWr;78' B;WAL78'E Fl 0 B;Wi;51' Frt 162,000 8:Wir;50' Fr 168,000
 Design (Style) DT2,Colonial |DT1;Ranch 0,DT1.5;Chalet 0;DT1.5:Contemp [1]
 QualRy of Construction Q4 04 Q4 Q4
 Actual Age 41 44 0~60 0;29 [4
 Condition C4 c4 C3 -50,600;C4
 Above Grade Tota) | Béms. | Baths | Totat | Bam. Baths “Total [Bam | Baths Total [dms. | Baths
 Room Count 91 5]30] 7] 3 [20 6000 10] 4 [30 of 713 [20 6.000
 Gross Living Area 2,835 suf 2.207 sft. 37,700] 2,530 sqft. 18,300] 1,900 sqft 56,100
 Basement & Finished 1139sf0sfwo Osf 22,800 85s{0sfin 21,100] 1400sf0sfin -5,200
 Rooms Below Grade
 Functional UiARy Average Average Average Average
 & Heating/Cooting NGHWBB NGFA/AC -2,000NGFA/AC -2,000|NGFA/AC -2,000
 Jeg Energy Efficient flems None Noted None Noted None Noted None Noted
 2 Garage/Carport 2ga2dw 20a2dw 1gd2dw 10,000) 2ga2dw
 Eg PorcivPatio/Deck Prchs/PatiDeck (Patios 0; Patio/Deck 0Deck [1]
 bd Extra Fireplace Fireplaces (2) -500; Fireplace/Gen -2,0001Fireplace
 & lat] Otbdng/Storage | None 6,600 None 6,600 None 6,600
 H
Fo et Acie To) B= X+ (1- [8 706000 D+ []- [8 163400] D+ []- [§ 229,500
 2 Adjusted Sale Price Net Adi. 84% Net Ad. 122% Het Ad. 25%
 Je of Comparables Gross Adi, 90%($ 910,600[Gross Ad. 203%]$ 1.503 400{6r0ss Adi. 229%]$ 1,294,500
 & T DG dd | | did not research the = orTT history of the subject property and compatable sakes, Kf ot, explain

 Wy research [] dd DC did not reveal any prios sales of tramsers of the subject property for the three years priorto the effective date of this appraisal.
 Data Souce(s) County Records and MLS
 Ny research [] did DK) did not reveal any prior sales of transfers of the comparable sales fo the year prior to the date of sale of the comparable sale.
 Bata Soutce(s} County Records and MLS
 Report he results of the research and analysis of the prior sale of transfer history of the subject propery and comparable sales (report additional prior sales on page 3).
 J1i22) SUBJECT COMPARABLE SALE #1 COMPARABLE SALE #2 COMPARABLE SALE #3
 Date of Prior Sale/Transfer
 Price of Prior Sale/Transler
 Data Source(s) County Records & MLS County Records & MLS County Records & MLS County Records & MLS
 Effective Dale of Data Source(s) 08/16/2025 08/16/2025 08/16/2025 08/16/2025
 Analysis of prior sale or transfer history of the subject property and comparable sales County records indicate no prior sales or transactions in the three years
 preceding this appraisal.

 Summary of Sales Comparison Approzch After researching the available MLS systems for the subject neighborhood it was determined that the
 comparable properties utilized were the most recent sales and nearest in proximity to the subject. To adjust for condition a factor of $10 - $20
 per grade of condition per square foot of the comparable was utilized. To adjust for house size a factor of $60 per sq ft was utilized (rounded to
 the nearest $100). Bathroom adjustments were based on $2,000 per fixture, whereas a full bath includes 3 fixtures and a half bath includes 2.
 Below grade space was adjusted at $20 per square foot for unfinished space. The adjustment factors were derived using historical matched
 pair analysis for average quality homes between 1500 sf and 3000 st of above grade GLA. To estimate value using the Sales Comparison
 Approach, based on percentage of gross adjustments, most consideration was given to comparable 1, secondly fo comparables 2 and 3, and

Uniform. Residential. . Appraisal. Report Fie# 25081382P1525231662

 Additional Appraiser's Certification: Pursuant to the Conduct Section of the Ethics Rule of USPAP “If known prior to accepting an assignment,
 and/or if discovered at any time during the assignment, an appraiser must disclose to the client, and in the subsequent report certification, any.
 services regarding the subjecl properly performed by the appraiser within the three year period immediately preceding acceptance of the
 assignment, as an appraiser or in any other capacily”.

 I have performed no services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the.
 three-year period immediately preceding acceptance of this assignment.

 Appraisers are required to be licensed and are regulated by he Department of Licensing and Regulatory Affairs, PO. Box 30018, Lansing,
 Michigan, 48908.

 Exposure Time: Is defined as the estimated lenath of time that the property interest being appraised would have been offered on the market
 prior to the hypothetical consummation of a sale al market value on the effeclive date of the appraisal. Exposure time is a retrospective opinion
 based on an analysis of past events assuming a competitive and open market.

 Based on the time of year and reported DOM by the Water Wonderland Board of Realtors for similar properties that have sold in the previous 12
 months, the estimated market exposure time for the subject property is in the range of 30 to 120 days.

 fe} | have no present or prospective interest in the property that is the subject of this report, and | have no personal interest or bias with respect to the
 aities involved. My compensation Is not contingent on an action or event resulting from the analysis, opinion or conclusions in, or the use of, this
 review repor. My analysis, opinions and conclusions were developed, and this report has been prepared, in conformity with the Uniform
 Standards of Professional Appraisal Practice.

 No employee, director, officer or agent of the iender, or any other third party acting as a foint venlure partner, independent contractor, appraisa
 management company, or pariner in behalf of the lender has influenced or attempted to influence the development, reporting, result of review of
 1his assignment through coercion extorlion, collusion, compensation, instruction, inducement, intimidation, bribery or in any other manner. | have
 not been contacted by anyone other than the intended user (lender/client as identified on the first page of the report), borrower or designated
 contact to make an appointment to enter the propery. | agree to immediately report any unauthorized contacts either personafly by phone or
 electronically to vendor management,

 Provide adequate information for the lender/clieat to replicate the below cost figures and calculations.
 Support for the opinion of sie value (summary of comparable land sales or other methods for estimating site valug) The land as though vacant has an estimated
 value of $624,000. Land values were obtained from the WWMLS. It should be noted that there were minimal appropriate comparable sales for
 the last few years In the sublect neighborhood and therefore land value was estimated based on the sales in competing neighborhoods.

 ESTIMATED [1 REPRODUCTION OR _ [1 REPLACEMENT COST NEW OPINION OF SITE VALUE = $24,000
IY Source of cost data JA DWELLING =
Fg Quality rating fiom cost service N/A Effective date of cost dafa N/A =
Ed C on Cost Approach {gross living area calculations, depreciation, elc.) =
74 The measurements and gross living area calculations for the subject Saiage/Carport =
 were derived based on ANSI 2765 standards. It should be noted that the | Tota! Estimate of Cost-New
 appraiser's reported measurements and calculations may ditfer from Less Physical
 that of MLS, public records, or from other sources. Due to the age of the |Depieciation
 subject property and the difficulty in estimating a factor for all forms of | Deprecated Cost of Improvements
 depreciation, the cost approach was not considered appropriate and "Asis" Valug of Ske Improvements
 therefore was not utilized in the appraisal process.
 Estimated Remalning Economic Life {HUD and VA only) 45 Years [INDICATED VALUE BY COST APPROACH
 INCOME APPROACHTO VALUE (nol requiredby Fannie Mae)

 Estimated Monihiy Market Ren § [1] X Gross Rem Multiplier 0 =§ [\] indicated Value by Income Approach
 Summary of Income Approach (inchuding support for market rent and GRHY) Due to the lack of income data In the marketplace, the income approach could
 not be appropriately applied and therefore it was not utilized to arrive at an estimate of value.
 : PROJECTINFORMATION FOR PUDS (if applicable)
 1s the developeybuider in control of the Homeowmers' Association (HOA)? {Yes [JHo Unttype(s) [ ]Delached [] Attached

Uniform Residential Appraisal Report Fos seae2oto8?

This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit;
including 2 unt In a planned unit development (PUD). This report form is not designed to report an appraisal of a
manufactured home or a unit in a condominium or cooperative project.

This appraisal report is subject to the foflowing scope of work, intended use, intended user, definition of market value,
statement of assumptions and {imiting conditions, and cerifications. Modifications, additions, or deletions to the Intended
use, intended user, definitlon of market value, or assumptions and Hmiting conditions are not permitted. The appraiser may
expand the scops of work to Include any additional research or analysis necessary based on the complexity of this appraisal
assignment. Modifications or deletions to the certifications are also not permitted. However, additional certifications that do
not constitute material alterations to this appraisal report, such as those required by law or those related lo the appraiser's
continuing education or membership in an appraisal organization, are permitted.

SCOPE OF WORK: The scope of work for this appraisal is deflned by the complexity of this appraisal assignment and the
reporting requirements of this appraisal report form, Including the following defintion of market value, statement of
assumptions and limiting conditions, and certifications. The appraiser must, at a minimum: (1) perform a complete visual
inspection of the Inferior and exterior areas of the subject property, (2) inspect the neighborhood, (3) inspect each of the
comparable sales from at least the street, (4) research, verify, and analyze data from reliable public and/or private sources,
and (5) report his or her analysis, opinions, and conclusions in this appraisal reporl.

INTENDED USE: The intended use of this appraisal report is for the lender/client to evaluate the propery that Is the
subject of this appraisal for a morgage finance transaction.

INTENDED USER: The intended user of this appraisal report Is the lender/cllent.

DEFINITION OF MARKET VALUE: The most probable price which a propesty should bring in a competitive and open
market under al conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming
the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and
the passing of title from seller to buyer under condifions whereby: (1) buyer and seller are iypically motivated; (2) both
parties are well informed or well advised, and each acting in what he or she considers his or her own best interest; (3) a
reasonable time Is allowed for exposure In the open market; (4) payment Is made In terms of cash in U. S. dollars of In terms
of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold
unaffected by special or creative financing or sales concessions* granted by anyone associated with the sale.

*Adjustments to the comparables must be made for speclal or creative financing or sales concessions. No adjustments are
necessary for those costs which are normally paid by sellers as a result of fradfion or law in a market area; these costs are
readily Identifiable since the seller pays these costs in virally all sales transactions. Speclal or creative financing
adjustments can be made to the comparable property by comparisons to financing terms offered by a third party institutional
lender that is not already involved in the properly or transaction. Any adjustment should not be calculated on a mechanical
dollar for dollar cost of the financing or concession but the dollar amount of any adjustment should approximate the market's
reaction to the financing or concessions based on the appraiser's judgment.

STATEMENTOF ASSUMPTIONS AND LIMITING CONDITIONS: The appraiser's cedification in this report is
subject lo the following assumptions and limiting conditions:

 1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the fitle
to #, except for information that he or she became aware of during the research involved in performing this appraisal. The
appraiser assumes that the tile is good and marketable and will nol render any opinions about the litle.

2. The appraiser has provided a sketch in this appraisal report to show the approximate dimensions of the improvements.
The sketch Is included only to assist the reader in visualizing the property and understanding the appraiser's determination
of its size.

3. The appraiser has examined the available flood maps that are provided by ihe Federal Emergency Management Agency
(or other data sources) and has noted In this appraisal report whether any portion of the subject site is localed In an
Identified Special Flood Hazard Area. Because ihe appraiser Is not a surveyor, he or she makes no guarantees, express of
Implied, regarding this determination.

4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the propery in question,
unless specHfic arrangements to do so have been made beforefland, or as otherwise required by law.

5. The appraiser has noted In this appraisal report any adverse conditions (such as needed repairs, deterioration, the
presence of hazardous wastes, toxic substances, etc.) observed during the Inspection of the subject property or that he or
she became aware of during the research Involved in performing the appraisal. Unless otherwise stated In this appraisal
report, the appraiser has no knowledge of any hidden or unapparent physical deficiencies or adverss conditions of the

Uniform Residential Appraisal Report fier opemae?

APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that:

1.1 have, al a minimum, developed and reported this appraisal In accordance wih the scope of work requirements stated in
this appraisal repon.

2. t performed a complete visual inspection of the interior and exterior areas of the subject property. 1 reported the condition
of the improvements In factual, specific terms. | Identified and reported the physical deficiencies that could affect the
livabillty, soundness, of structural integrity of the propery.

3. | performed this appraisal in accordance with the requirements of the Uniform Standards of Professional Appraisal
Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in
place at the time this appraisal report was prepared.

4.) developed my opinion of the market value of the real properly that is the subject of this report based on the sales
comparison approach to value. | have adequale comparable market data to develop a reliable sales comparison approach
for this appralsal assignment. | futher certify that | considered the cost and income approaches lo value but did not develop
them, unless otherwise indicated in this report.

5. | researched, verified, analyzed, and reported on any current agreemert for sale for the subject properly, any offering for
sale of the subject properly In the twelve months prior fo the effective date of this appraisal, and the prior sales of the subject
property for a minimum of three years prior to the effective date of this appraisal, unless otherwise Indicated In this report.

6. | researched, verified, analyzed, and reported on the prior sales ef the comparable sales for a minimum of one year prior
to the date of sale of the comparable sale, unless otherwise Indicated In this report.

7. 1 selected and used comparable sales that are focationally, physically, and funclionaly the most similar to the subject property.

8. | have not used comparable sales that were the result of combining a land sale with the contract purchase price of a home that
has been built or will be built on the fand.

9. 1 have reported adjustmenis to the comparable sales that reflect the market's reaction to the differences between the subject
property and the comparable sales,

 10. | verifled, from a disinterested source, all information ln this report that was provided by parties who have a financial Interest in
the sale or financing of the subject property.

 11. | have knowledge and experience in appraising this type of propery in this market area.

 12, | am aware of, and have access lo, the necessary and appropriate public and private dala sources, such as muftiple listing
services, tax assessment records, public land records and other such data sources for the area in which the property Is located.

 13. | obtained the Information, estimates, and opinlons fumished by other panies and expressed in this appraisal report from
vellable sources that | believe to be true and correct. -

 14. | have taken ino consideration the factors that have an Impact on value with respect to the subject neighborhood, subject
property, and the proximity of lhe subject property io adverse Influences in the development of my opinion of market value. |
have noted In this appraisal report any adverse conditions (such as, but not Hmited to, needed repairs, deterioration, the
presence of hazardous wastes, toxic substances, adverse environmental conditions, etc.) observed during the Inspection of the
subject property or that 1 became awara of during the research involved in performing this appraisal | have considered these
adverse conditions In my analysis of the properly value, and have reported on the effect of the conditions on the value and
marketability of the subject propery.

 15. 1 have not knowingly withheld any significant Information from thls appraisal report and, to the best of my knowledge, all
statements and Information in this appraisal report are true and comect.

 16. 1 stated In this appraisal report my own personal, unblased, and professional analysis, oplnions, and conclusions, which
are subject only to the assumptions and limiting conditions in this appraisal report.

 17. 1 have no present or prospective interest In the property that is the subject of this report, and | have no present or
prospective personal interest or blas with respect to the participants in the transaction. | did not base, either padially or
completely, my analysis and/or opinion of market value In this appraisal report on the race, color, religion, sex, age, marital
status, handicap, familial status, or national origin of elther the prospective owners or occupants of the subject property or of the
present owners or occupants of the properties In the vicinity of the subject property or on any other basis prohibited by law.

 18. My employment and/or compensation for performing this appraisal or any future or anticipated appraisals was not
conditioned on any agreemen! or underslanding, written or otherwise, that 1 would report (or present analysis supporting) a
predetermined specific value, a predetermined minimum value, a range of direction In valve, a value that favors the cause of

Uniform Residential Appraisal Report Fie# 25081382P1525231662

 21. The lender/client may disclose or distribute this appraisal report to: the borrower, another lender at the request of the
 borrower; the mortgagee or its successors and assigns; mortgage Insurers; govemment sponsored enterprises; other
 secondary market participants; data collection or reporting services; professional appraisal organizations; any department,
 agency, or Instrumentalty of the United States; and any state, the District of Columbia, or other jurisdictions, without having to
 obtain the appraiser's or supervisory appraiser's (if applicable) consent. Such consent must be oblained before this appraisal
 report may be disclosed or distributed to any other pay (including, but not Hmiled lo, the public through advertising, public
 relations, news, sales, of other media).

 22. | am aware that any disclosure or distribution of this appraisal report by me or the lender/client may be sublect to certain
 faws and regulations. Further, | am also subject to the provisions of the Uniform Standards of Professional Appraisal Practice
 that pertain to disclosure or distribution by me.

 23. The borrower, another fender at the request of the borrower, the mortgagee or fis successors and assigns, mortgage
 Insurers, govemment sponsored enterprises, and other secondary market paricipants may rely on this appraisal report as part
 of any mortgage finance transaction that involves any one or more of these parties.

 24. if this appraisal report was transmifted as an “electronic record” containing my “electronic signature” as those terms are
 defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this
 appraisal report comtaining a copy or representation of my signature, the appraisal report shalt be as effective, enforceable and
 valid as H a paper version of this appraisal report were delivered containing my original hand written signature.

 25. Any intentional or negligent misrepresentation(s) contained In this appraisal report may result ln civil liability and/or
 criminal penalties Including, but not limited to, fine or Imprisonment or both under the provisions of Tile 18, United States
 Code, Section 1001, et seq. or similar state laws.

 SUPERVISORY APPRAISER'S CERTIFICATION: ~~ The Supervisory Appraiser certifies and agrees that:

 1. | direclly supervised the appraiser for this appraisal assignment, have read the appraisal report, and agree with the appraiser's
 analysis, opinions, statements, conclusions, and the appraiser's certification.

 2. 1 accept full responsiblity for the contents of this appraisal report including, but not limited to, the appraiser's analysis, opinions,
 statements, conclusions, and the appraiser's certification.

 3. The appraiser identified in {his appraisal report is either a sub-contractor or an employes of the supervisory appraiser (or the
 appraisal firm), is qualified to perform this appraisal, and is acceptable to perform this appraisal under the applicable state law.

 4. This appraisal report complies with the Uniforin Standards of Professional Appralsal Practice thal were adopted and
 promuigated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the Ume this appraisal
 report was prepared.

 5. If this appraisal report was transmitted as an “electronic record” containing my “electronic signature,” as those terms ars
 defined in applicable federal and/or stale laws (excluding audio and video recordings), or a facsimile transmission of this
 appraisal _report containing a copy or representation of my signature, the appraisal report shall be as effeclive, enforceable and
 valid as # a paper version of this appraisal report were delivered containing my original hand written signature,

APPRAISER
Signature oh fo SignatureSUPERVISORY APPRAISER (ONLY IF REQUIRED)
Name Alysa Jane Pichler Name
Company Name Heritage Appraisal Company Name
Company Address PO Box 324 Company Address
 Oscoda, MI 48750
Telephone Number (989) 739-0850 Telephone Number
Email Address alysapichler19@gmail.com Emall Address
Date of Signature and Report 08/19/2025 Date of Signature
Effective Date of Appralsal 08/16/2025 State Certification #
State Certification # or State License #
or State License # State
or Other (describe) State # Expiration Date of Certification or License
State MI
Expiration Date of Certification or License 07/31/2026 SUBJECT PROPERTY

ADDRESS OF PROPERTY APPRAISED [J Dla not inspact subject property

Uniform Residential Appraisal Report File # 25081382P1525231662
 FEATURE I SUBJECT COMPARABLE SALE # 4 COMPARABLE SALE # § COMPARABLE SALE #

 Addiess 1384 W Higgins Lake Dr 6382 W Higgins Lake Dr
 Roscommon, Mi 48653 Roscommon, Mi 48653
 Proximity 10 Subject 3.39 miles NW
 Sale Price $ 920,000 H 800,000 $ Is
 Sale Price/Gross Liv. Area $32451 _saft[S 40830 suit B sqft B soft]
 Data Source(s) WWML S5#201833890;DOM 99
 Verification Source(s) i Realist/Assessor/Appraisal Files
 VALUE ADJUSTMENTS DESCRIPTION DESCRIPTION +) § Adjustment DESCRIPTION +) § Adjustment DESCRIPTION +) $ Adjustment
 Saks of Financing ArmLth
 Concessions Conv,0
 Date of Sale/Time. $07/25,006/25 o
 Location B;Hiaains Lake; [B;Higgins Lake;
 3 LeaseholdFee Simple Fee Simple Fee Simple
 18731 sf 12458 of of
 B:WAr78" BWird4' Fri 204,000]
 [ Design (Ste) DY2;Colonial _[DT1.5;Contempd [i]
 8 Quaity of Construction Q4 04
 HS Actual Age 41 85 0
 = Condition C4 C4 19,700]
 3 Above Grade otal [Berms. | Baths | Tote [Borms. | Baths Total | Bdms. | Bas Total | Bares. | Baths
 Fi Room Count of 5[s0]6[3i20 5,000)
 3 Gross Living Area 2,835 sat. 1,969 sqft 52,000] sqft saft
 hd Basement & Finished 1139sf0sfwo 0Osf 22,800]
 Rooms Below Grade
 Functional Libiy Average Average
 Heating/Codting NGHWBB NGFA/AC ~2,000]
 Energy Efficient tems None Noted None Noted
 Garage/Carport 2ga2dw 1ad2dw 10,000]
 PorctvPatioDeck Prehs/PatDeck [Decks 9
 Fireplace Fireplace
 Qlbdna/Storage |Workshop 1,900]

 Het Adjustment (Tota) + [1-8 ars000 [1+ [1- i$ C+ {1-8
 Adjusted Sale Price Net Ady. 344% Net Adj. % Net Adj. %
 of Comparables Gross Adj. 39.8% [$ 1,075,000] Gross Adj. %{$ Gross Adj. %|§
 Report the results of the esearch PTTET of the priof Sa of ranstet history of the subject property and comparable sales (report additional prior sakes on page 3).
 AEM SUBJECT COMPARABLE SALE # 4 COMPARABLE SALE # § COMPARABLE SALE # 6
 Dale of Prioz Sake/Transler
 Price of Prior Sale/Transfer
 ala Source(s) County Records & MLS County Records & MLS
 bo Etective Date of Data Sources) 08/16/2025 08/16/2025 -
 z Analysis of prior sale of transfer history of the Subject property and comparable sales

 AnalysisComments

COMMENTS

|

S

Supplemental Addendum File No. 1525231662
Bofrower Tim Tran & Hieu Phan
 Property Addcess 1384 W Higgins Lake Dr
City Roscommon County Roscommon State Mt ZipCode 48663
 tendey/Client United Wholesale Mortgage, LLC

 The Intended Users of this appraisal report are United Wholesale Mortgage, LLC and UWM Appraisal Direct.

 The appraiser that completed this report confirms that they have adequate competency to complete appraisal
 assignments in the subjects market area. The subject property is located within 100 miles from my Mikado location.
 This assignment requires geographic competency as required by USPAP. | have spent sufficient time in this market
 and understand the nuances of the local market and the supply and demand factors relating to the specific property
 type and location involved.

 Definition of Market Value: The source for the definition of market value is the FNMA Selling Guide, Section
 B4-1.1-01, Definition of Market Value (04/15/2014).

 Legal Description: L-488 P-581 243-32-8-3 COM ON SH OF LK 404 FT N OF E & W1/4 LN OF SEC 32 TH W 266
 FTTHN 75 FT TH E TO SH TH SLY ALG SH TO POB PART OF LOT 2 SEC 32 T24N R3W 43A.

 Personal Property: No personal property was considered during the appraisal process or included in the calcutation
 of market value.

 Land Use: The percentage for "Present Land Use" is stated as 95% "One Unit". The vast majorily of the private land
 use is dedicated, restricted or zoned for single family use. The remainder (approx. §%) consist of commercial,
 recreational, and vacant property. The neighborhood is considered rural wilh a built up level above 75%. The built up
 level is based on the approximate percentage of "One Unit” parcels that are currently developed and include
 improvements.

 Well/Septic: Municipal walter and sewer are not available. Due to the lack of available municipal water and sewer, the
 subject has a private well and septic. In northern Michigan, a private well and septic is typical. Having a private welt
 and/or septic does not affect the marketability of the property. The comparable sales utilized in the appraisal have a
 private well and septic.

 Subject Utilities: At the time of inspection the utilities were on and operational.

 Search Criteria: The initial comparable search focused on sales of properties with frontage on Higgins Lake with
 transaction dates within the past month, similar GLA, similar site size, any age, in a community location similar to the
 subject. The search resulted in 0 properties. The parameters were then expanded to include properties with
 transaction dates within the past 12 months, 1500 - 3500 square feet GLA. The expanded search resulted in 6
 properties, with the 4 most comparable included in the Sales Comparison Approach. Those not chosen had features
 that differed considerably from the subject and would have required large subjective adjustments. Therefore these
 other properties were considered inappropriate as comparables.

 Market Condition Commentary: An analysis of the previous 12 month sales activity for the subject market area was
 performed. The purpose of the analysis was to assist the appraiser in the determination of market conditions or time
 of sale adjustments. The search parameters were restricted to single family homes located on Higgins Lake, GLA of
 1500 to 3500 square feet. The sold property market data was obtained from the Water Wonderland Board MLS. Due
 to the minimum amount of sold properties, variances in condition rating, GLA, and water frontage, and the fact that a
 single outlier sale could skew the average price, it was determined that the average sales price remained somewhat
 unchanged over the previous 12 months. Based on the analysis it was determined that a market condition or time of
 sale adjustment for the properiies that sold in the previous 12 months would not be appropriate.

 Geographic, Natural or Man made boundaries or separations: The comparables and subject are rural in nature. In
 northern Michigan itis not unusual for competing properties to be separated by large bodies of water, rivers,
 expansive nationat and state forest, major highways, etc. The separation of properties by these features in rural
 northern Michigan does not create a barrier in the region or a negative marketing affect.

 Comments on Site and View Adjustments: The adjustment for view considers any adjustment for site. On the
 shorefine of lakes similar to the subject and comparable properties, the greatest contributory value is placed on the
 amount of functional or effective lake frontage. The actual value per lake front foot varies based on community
 location, quality of beach, depth of lot, slope to the waters edge, proximity to neighbors, view obstruction, overall site
 size, and functional utility of the site. Support for site and view adjustments was obtained from recent and historic
 MLS data as wel! as township assessment records. The sales were appropriately adjusted and are considered
 reasonable and reliable alternatives for the subject.

Supplemental Addendum file No. 1525231662
Boirower Tim Tran & Hieu Phan
 Property Address 1384 W Higgins Lake Dr
City Roscommon County Roscommon Stale Mi ZipCode 48653
 Lender/Client __ United Wholesale Morlgage, LLC

 Comparable Age Variance: The ages of comparables 1 and 4 vary from the subject by more than the industry
 recommended 30%. There is no market data that would support an adjustment for the difference in age for the
 comparables ulilized in this appraisal. Any condition differences were adjusted using the condition grade method.

 Comments on condition determination and adjustment concepts: The condition of all comparables was estimated
 based on conversations with listing real estate companies or from conversations with appraiser associates that
 performed appraisals on {he comparables. The comparables and subject were then rated for their respective
 condition based on physical depreciation. This method for rating condition is commonly utilized in the cost approach.
 The condition rating provides a scale to compare properties as it relates to condition. For each level of condition a
 dollar amount is applied to indicate the amount necessary to upgrade a particular property to a lesser condition
 fevel. In the case of a house with upper end amenities and finishes the factor applied for each level of condition
 would be considerably higher than a more modest property. Based on conversations with listing real estate agents
 and the appraiser's interpretation of condition ratings it was determined that the subject properly and comparable
 sales 1, 3, and 4 qualify as a C4 grade of condition. However, based on analysis of MLS data and county records,
 comparable 4 is at the higher end of the C4 rating due to its overall condition of major components, therefore, an
 adjustment was made to this comparable for its superior condition as compared to the subject. The comparable was
 appropriately adjusted and is considered a reasonable and reliable alternative for the subject.

 Bedroom Count: Due to the lack of comparable sales in the subject marketplace, it was not possible to bracket the
 subject's bedroom count. The adjustments for GLA blankets any differences in bedroom count, therefore a bedroom
 count adjustment is not considered appropriate.

 ANSI Standards: The measurements and gross living area calculations for the subject were derived based on ANS!
 2765 standards. it should be noted that the appraiser's reporled measurements and calculations may differ from that
 of MLS, public records, or from other sources.

 Comments on exceeding GLA: The gross living area (GLA) of comparables 3 and 4 exceeds the industry
 recommended 25% guideline. Due to the lack of comparable properties in the subject neighborhood that are
 considered somewhat similar to the subject it was necessary fo ulilize these comparables. The comparables were
 appropriately adjusted and are considered reasonable and reliable alternatives for the subject.

 Garage Adjustments: The adjustment for garage size (based on the garage overhead doors, and the ability to enter
 and park a vehicle in the garage) was $10,000 per car, which was derived from a historical matched pair analysis of
 average quality comparable sales in the subject neighborhood. The comparables were appropriately adjusted and
 are considered reasonable and reliable alternatives for the subject.

 Outbuilding: The adjustments for outbuildings ranged from $4 to $20 per square foot. Consideration was given to
 age, condition, finished floor, utility connections, interior finish, community location, and functional utility, Exterior
 finish and/or fenestration was not considered in the adjustment factor. The factor is considerably less than the cost
 to build and is based on market reaction by the typical residential purchaser. The appraiser was unable to access
 the interior of the subject outbuilding in order to perform an interior inspection. Portions of the interior could be
 viewed through windows.

 Bracketing/across the board adjustments: Due to the lack of comparable sales in the subject markelplace, it was not
 possible to bracket the subject's GLA, lack of central air, outbuilding, or storage. Across the board adjustments were
 necessary for any significant difference. After searching the MLS systems available for the subject market area, an
 appropriate comparable sale that would bracket all features could not be found. The sales were appropriately
 adjusted and are considered reasonable and reliable alternatives for the subject.

 Excessive Adjustments: Due to the lack of appropriate sold properties simitar to the subject, it was necessary to use
 comparables with characteristics, that when adjusted, contributed to or caused the line, nel and/or gross
 adjustments to exceed the previous recommended industry standards. if there were different, more appropriate
 comparable sales available, then perhaps the adjustments would have fallen within the previous recommended
 standards,

 Sales Price Versus Value Estimate: The reported sales price is $920,000. The estimate of value is $1,150,000. The
 appraiser does not have knowledge as to the seller's motivation to sell or the buyer's motivation to purchase. The
 appraiser utilized the most appropriate comparable sales available and made adjustments that are considered
 typical and acceptable by appraiser peers. Therefore, the appraiser cannot explain why the sales price is so
 significantly less than the value estimate.

Subject Photo Page

Bormower Tim Tran & Hieu Phan
 Property Address 1384 W Higgins Lake Dr
 City Roscommon County Roscommon State MI Zip Code 48653
 Lender/Client United Wholesale Morigage, LLC

 Subject Front

 1384 W Higgins Lake Dr
 Sales Price 920,000
 Gross Living Area 2,835
 Total Rooms 9
 Total Bedrooms 5
 Total Bathrooms 3.0
 Location B;Higgins Lake;
 View B;Wr;78'
 Site 18731 sf
 Qualty Q4
 Age 41

 Subject Rear

 Subject Side

Subject Photo Page

Borrower Tim Tran & Hieu Phan
 Property Address 1384 W Higgins Lake Dr
City Roscommon County Roscommon State MI Zip Code 48653
 Lender/Client United Wholesale Mortgage, LLC

 Subject Side

 1384 W Higgins Lake Dr
 Sales Price 920,000
 Gross Living Area 2,835
 Total Rooms 9
 Total Bedrooms 5
 Total Bathrooms 3.0
 Location B;Higgins Lake;
 View B;Wr;78'
 Site 18731 sf
 Quality Q4
 Age a1

 Subject Street

 Subject Street

Interior Photos

Bomower Tim Tran & Hieu Phan
 Property Address 1384 W Higgins Lake Dr
City Roscommon County Roscommon State MI Zip Code 48653
 Lender/Client United Wholesale Mortgage, LLC

 Kitchen Dining

 Living Room/Fireplace Bedroom

Interior Photos

Bomover Tim Tran & Hieu Phan
 Property Address 1384 W Higgins Lake Dr
City Roscommon County Roscommon Stale MI Zip Code 48653
 Lender/Client United Wholesale Mortgage, LLC

 Bedroom Bedroom

 Bathroom Bathroom

Interior Photos

Borrower Tim Tran & Hieu Phan
 Property Address 1384 W Higgins Lake Dr
City Roscommon County Roscommon State MI ZipCode 48653
 Lender/Client United Wholesale Mortgage, LLC

 Laundry Basement

 Mechanicals Electrical Panel

 1

Photograph Addendum

Borrower Tim Tran & Hieu Phan
 Property Address 1384 W Higgins Lake Dr
City Roscommon County Roscommon State MI ZipCode 48653
 Lender/Client United Wholesale Mortgage, LLC

 Storage Above Garage Outbuilding

 Lake Frontage Lake Frontage

Comparable Photo Page

 Borrower Tim Tran & Hieu Phan
 Property Address 1384 W Higgins Lake Dr
| City. Roscommon County Roscommon State MI Zip Code 48653
 Lender/Client United Wholesale Morigage, LLC

 Comparable 1

 103 Muskegon Ave
 Prox. to Subject 0.89 miles N
 Sale Price 840,000
 Gross Living Area 2,207
 Total Rooms 7
 Total Bedrooms 3
 Total Bathrooms 20
 Location B;Higgins Lake;
 View BWIr;78' E Frt
 Site 7989 sf
 Quality Q4
 Age 44

 Comparable 2

 129 Chaney Point Dr
 Prox. to Subject 2.12 miles NE
 Sale Price 1,340,000
 Gross Living Area ~~ 2,530
 Total Rooms 10
 Tolal Bedrooms 4
 Total Bathrooms 3.0
 Location B;Higgins Lake;
 View B;WIr;51' Frt
 Site _ 8160 sf
 Quality Q4
 Age ~60

 Comparable 3
 9396 Park View Trl
 Prox. fo Subject 5.63 miles NW
 Sale Price 1,085,000
 Gross Living Area 1,900
 Total Rooms 7
 Total Bedrooms 3
 Total Bathrooms 20
 Location B;Higgins Lake;

Comparable Photo Page

 Borower Tim Tran & Hieu Phan
 Property Address 1384 W Higgins Lake Dr
| City Roscommon County Roscommon State MI Zip Code 48653
 Lender/Client United Wholesale Mortgage, LLC

 Comparable 4
 6382 W Higgins Lake Dr
 Prox. to Subject 3.39 miles NW
 Sale Price 800,000
 Gross Living Area 1,969
 Total Rooms 6
 Total Bedrooms 3
 Total Bathrooms 20
 Location B:Higgins Lake;
 View B;WIr;44' Fri
 Site 12458 sf
 Quality Q4
 Age 65

 Prox. to Subject
 Sale Price
 Gross Living Area
 Total Rooms
 Total Bedrooms
 Total Bathrooms

 Prox. to Subject
 Sale Price
 Gross Living Area
 Total Rooms
 Total Bedrooms
 Total Bathrooms
 Location
 View

Subject Aerial

Borrower Tim Tran & Hieu Phan
 Property Address 1384 W Higgins Lake Dr
 City Roscommon County Roscommon State MI Zip Code 48653
Lender/Cliet United Wholesale Mortgage, LLC

 a la mode, in

 SUBJECT
 1384 W Higgins Lake Dr

 #0
 a LAr

 IdINE

Location Map

Borower Tim Tran & Hieu Phan
 Property Address 1384 W Higgins Lake Dr.
City Roscommon County Roscommon State MI Zip Code 48653
 Lender/Client United Wholesale Mortgage, LLC

 a la mode, in
 Taco ve hse coi

 Pere Cheney

 COMPARABLE No. 3
 9396 Park View Trl
 5.63 miles NW
 Roscomr

 COMPARABLE No, 2
 129 Chaney Point Dr
 2.12 miles NE

 COMPARABLE No. 4

 6382 W Higgins Lake Dr
 3.39 miles NW

 Higgins Lake Trailhead EJ

 COMPARABLE No. 1
 103 Muskegon Ave
 0.89 miles N

 Houghton Lake _
 ate Forest Pa

Building Sketch

Borrower. Tim Tran & Hieu Phan
 Property Address 1384 W Higgins Lake Dr
City Roscommon County Roscommon State MI Zip Code 48653
 Lendex/Client United Whos Morigage, ELC

 patio
 14° 2 40°4°
 ! /
 { 8
 ! Une Deck “
 /i i
 N 8
 ay Coverad/Uncovered Porch = Basement “
 7 ? [1139.42 Sq R) '
 79" 40° 4”

 Kitchen Olning

 . | SunRoom 8
 ha First Floor Living 9
 [1695.92 5q ft)
 sath
 ath Bedroom Bedroom

 yal Laundteundy Covared Porch [i Second Floor |M
 [1135.42 Sq ft]
 E Bedroom 26

 Bedroom Bath Bedroom

 - prove

 Garage 8 —
 outbullding =

 20°3°

 243"

 TOTAL Stak by ol mace Area Calculations Summary

 Living Ares Catoulation Details
 First Boor 1695.92 Sq ft 24.25% 44 = 395
 2825x4033 = 13942
 7.75% 28 = a7

 Second Floor 113942548 28.25 x 40.33 = 113942

 Total Living Area (Rounded): 8355
 Non:lving Area:
Garage ISSR 30% 24.25 = ms

Subject MLS

 Address: 1384 W Higgins Lake Drive , Roscommon , MI ; 48653

 MLS#: 201833983 Providedas a courtesyof
 List Price: $999,500 Alysa Pichler
 Typo! Residential Walor HerRage Appriasal
 Status: Adve posgden]
 P.O. Box 324
 Contingent Adve w/Contingencies Oscoda, Ml 48750
 Prop Type: Residential Mobile - (989) 329-2823
 Bedrooms: 5 alysapichler 19@gmal.com
 Bathrooms: 3
 Gar Y/N: Yes
 Attached/HTD
 2
 2+ Story
 Yes
 Roscommon
 Lake/River Other:
 Amt of Frontage: 78 Construction: Frame Frontage: Lake
 Lake/RIver Name: Higgins Lake Tax ID 004-032-008-0100 Lot Dim: 78x242x72x210
 Above SqFt: 2500 Total SqFt: 3540 School District: Roscommon
 ‘Owner/Tenant: Snabes Trust Ownership Status Trust Township/CityVillag: Gerrish
Sec#/BLK: Sec 32 ‘Subdivision or T/R: T24N R3W Realtor.com Type: Raskiniiat single
 amily
 Full Baths 3 Half Baths [J Internet Access Cable

 Public Remarks: Discover your serena lakeside retreal on the calm west shore of Higgins Lake! This well-constructed 1980s colonlal-style home boasts 78
 feetof prime lake frontage, nestled on a deep, private lot In a tranquil selling. With 5 bedrooms and 3 full bathrooms, there's ample room for family and
 friends. The full basement features a convenient walkout fo the lakeside, offering polantial for addtional Iving space. Plus, an unfinished bonus room above
 the garage presents endless possiblities for future expansion.
 Private Remarks: Information Is deemed reliable, but not See DI s Ox nl for more In
 Supplement

 Directions: W Higgins Lake Dr - just north of Gerrish Marina.
 Lo Bl: CON ON SHOE LKADAETR OF EA Wik LN OF SEC32 TH W 266 FT TH N 76 FT TH E TO SH TH SLY ALG SH TO POB PART OF LOT2 SEC

 Showing Instructions: Lock Box; Showingtime
 Rooms: Ling Room Size: 15x 26; Living Room Laval: 1st; Dining Room [Foundation Basement
 Size: 12 x 13; Dining Room Level: 1st: Kichen Size: 13 x 14; Kichen [Basement Specifics: Full Walkout; Basament Sze: 1040 SF
 Lovet fst; 1 Size: 14 x17; 71 Lovet 2nd; schools: Elementary Schoo: Roscommon; High School:
 2 Suze: 13 x 13; Bodroom2 Lovet: 2nd; Bedroom3 Size: 10x 13; Roscommon
 4isalomdluel4 Lovet Possession: : Al Closing; : Association Dues: N No
 did Baseboard; Hol Waler; Natural Gas; Whole House Fan
 1: 1st; Room Descripton Yenlym
 2; Laundry/Breezeway, Room 2 Size: 8 x 41; Room 2 Laval: 1st le
Other Masler Sulle; Mud Room pris
 Rooms: aes Yours anni
 tater Desh ll; Fle Fhephes, ; Hardwood FI boy Gable TV: Dock: Lardscapad; PaloPorch Pavod
 Appllances Celing Fan; Dishwasher; Drapes; Dryer; Garage Door Opener; Driveways; Shed
 & Equipmt: : Refrigerator; Range/Oven; Wall ll Oven; Oven; Washer, in Waler r Healer.Healer. Ga: Gas CortsPaved; Maintainedtonal Morgage
 Sign: Yes.

 DOM: 139 Orig List Price: $1,100,000 Begin Date: 03/28/2025
 Expire Date: Contingent: Active w/Conlingencies Status Change Date: 08/07/2025
 Ownership Status: Trust Foreclosure No Short Sale No
 Typo of Service: Full Service

 LM: Dale McDonald Office: (989) 821-6208; Office: dale@higginstakeinfo.com; http:/Mhigginslakehomes.com
 LO: RE/MAX of Higgins Lake Office: (989) 821-6208
 Co-LM: The McDonald Team of RE/MAX of Higgins Lake Office: (989) 821-6208; Team Email: medonaldleam@higginslakehomes.net;
www. higginslakehomes.com
 Team Listing Agont: Dale McDonald

Borrower Tim Tran & Hieu Phan Hie lio. 1525231662
 Property Address 1384 W Higgins Lake Dr
City Roscommon Couty Roscommon State Mi Zip Code 48653
 Lendeq/Clent United Wholesale Morigage, LLC

 APPRAISAL AND REPORT IDENTIFICATION

 This Report Is one of the following types:

 DX Appraisal Report (A wiitien report prepared under Standards Rule 2.2(a) , pursuant to the Scope of Work, as disclosed elsewhere fn this report)

 O Restricted (A written report prepared under Standards Rule 2-2(t) , pursuant fo the Scope of Work, as disclosed elsewhere in this report,
 Appraisal Report restricted to the stated intended use only by the Specified client and any other named intended user(s}.)

 Comments on Standards Rule 2-3

 I ceriity that, to the best of my knowledge and belief:
 - The statements of fact contained in this report are rug and correct.
 - The reported analyses, opinions, and conclusions are limited only by the reported assumptions and liming conditions and are my persona), impartial, and unbiased professional
 analyses, opinions, and conclisions.
 - Unless otherwise indicated, 1 have no present or prospective interest in the property that is the subject of his report and no personal interest wilh respect to the parties involved.
 - Unless otherwise indicated, | have performed no Services, as an appraiser of in any other capacity, regarding the property that is the subject of ths report within the three-year
 period immediately preceding acceptance of this assignment.
 ~ ave no blas with respect to the property that is the subject of this report or the parties Involved with his assignment.
 ~ My engagement fn this assignment was Rot contingent upon developing of reporting predetermined resufts.
 - My compensation for completing this assignment is not contingent upon the development of reporting of a predetermined value or direction in value that favors the cause of the
 client, the amount of the value opinion, the attainment of a stipulated result, or the occurence of a subsequent event directly related to the intended use of this appraisal.
 - My analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice that
 were in effect at the time this reporl was prepared.
 ~ Unless otherwise Indicated, | have made a personal inspection of the property that is the subject of this report.
 ~ Unless otherwise indicated, no one provided significant real property appraisal assistance to he person(s) signing this certification (if there are exceptions, the name of each
 Individual providing significant real progiesty appraisal assistance is staled elsewhere In this regort).

 Reasonable Exposure Time {USPAP defines Exposure Time as the estimated length of tima that the property interest being
 appraised would have been offered on the market prior to the hypothetical consummation of a sale at market value on the effective date of the appraisal.)
 My Opinion of Reasonable Exposure Time for the subject property at the market value stated in this report is:

 Based on the time of year and reported DOM by the Water Wondertand Board of Realtors for similar properties that have sold in the previous
 12 months, the estimated market exposure time for the subject properly is in the range of 30 to 120 days.

 Comments on Appraisal and Report Identification
 Note any USPAP-related issues requiring disclosure and any state mandated requirements:
 Appraisers are required to be licensed and are regulated by the Department of Licensing and Regulatory Affairs, PO. Box 30018, Lansing,
 Michigan, 48909.

 | have performed no services, as an appraiser or in any other capacity, regarding the properly that is the subject of this report within the
 three-year period Immediately preceding acceptance of this assignment.

25081382P
 fileNo. 1525231662

 UNIFORM APPRAISAL DATASET (UAD) DEFINITIONS ADDENDUM
 (Source: Fannle Mae UAD Appendix D: UAD Field-Specific Standardization Requirements)

Condition Ratings and Definitions

C1

The improvements have been recently constructed and have not been previously occupied. The entire structure and all components are new
and the dwelling features no physical depreciation.

Nota: Newly constructed improvements that feature recycled or previously used materials and/or components can be considered new dwellings
provided that the dwelling is placed on a 100 percent new foundation and the recycled materials and the recycled components have been
rehabilitated/remanufactured inte like-new condition. Improvements that have not been previously occupied are not considered “new” if they
have any significant physical depreciation (that is, newly constructed dwellings that have been vacant for an extended period of ime without
adequate maintenance or upkeep).

c2

The improvements feature no deferred maintenance, litle or no physical depreciation, and require no repairs. Virtually all building components
are new or have been recently repaired, refinished, or rehabifitated. All outdated components and finishes have been updated and/or replaced
with components thal meet current standards. Dwellings fn this category are either almost new or have been recently completely renovated and
are similar in condition to new construction.

Note: The improvements represent a relatively new property that is well maintained with no deferred maintenance and fitife or no physical
depreciation, or an older propery that has been recently completely renovated.

c3

The improvements are well maintained and feature imited physical depreciation due to normal wear and tear. Some components, but not every
major building component, may be updated or recently rehabiitated. The structure has been well maintained.

Note: The improvement is in its first-cycle of replacing short-fived building components (appliances, floor coverings, HVAC, etc.) and is
being well maintained, its estimated effective age Is less than its actual age. It also may reflect a property in which the majority of
short-lived building components have been replaced but not to the level of a complete renovation.

C4

The improvements feature some minor deferred maintenance and physical deterioration due to normal wear and tear. The dwelling has been
adequately maintained and requires only minimal repairs to building components/mechanical systems and cosmetic repairs. All major building
components have been adequately maintained and are functionally adequate.

Note: The estimated effective age may be close to or equal to its actual age. It reflects a property in which some of the short-lived building
components have been replaced, and some short-lived building components are at or near the end of their physical life expectancy; however,
they still function adequately. Most minor repairs have been addressed on an ongoing basis resulting in an adequately maintained property.

C5

The improvements feature obvious deferred maintenance and are in need of some significant repairs. Some building components need repairs,
rehabilitation, of updating. The functional utility and overall livability is somewhat diminished due to condition, but the dwelling remains
useable and functional as a residence.

Note: Some significant repairs are needed to the improvements due to the lack of adequate maintenance. it reflects a property in which many
of its short-lived building components are atthe end of or have exceeded their physical life expectancy but remain functional.

C6

The improvements have substantial damage or deferred maintenance with deficiencies or defects that are severe enough to affect the safety,
soundness, or structural integrity of the improvements. The improvements ase in need of substantial repairs and rehabilitation, including many

or most major components.

Note: Substantial repairs are needed to the improvements due to the lack of adequate maintenance or property damage. Rt reflects a property
with conditions severe enough to affect the safety, soundness, or structural integrity of the improvements.

Quality Ratings and Definitions

UNIFORM APPRAISAL DATASET (UAD) DEFINITIONS ADDENDUM
 (Source: Fannie Mae UAD Appendix D: UAD Fleld-Specific Standardization Requirements)

Quality Ratings and Definitions {continued)

a3
Dwellings with this quality rating are residences of higher quality built from individual or readily available designer plans in above-standard
residential tract developments or on an individual property owner's site. The design includes significant exterior omamentation and interiors
that are well finished. The workmanship exceeds acceptable standards and many materials and finishes throughout the dwelling have been
upgraded from “stock” standards.

a4

Dwellings with this quality rating meet or exceed the requirements of applicable building codes. Standard or modified standard building plans
are utilized and the design includes adequate fenestration and some exterior omamentation and interior refinements. Materials, workmanship,
finish, and equipment are of stock or builder grade and may feature some upgrades.

as

Dwellings with this quality rating feature economy of construction and basic functionality as main considerations. Such dwellings feature a
plain design using readily avaifable or basic floor plans featuring minimal fenestration and basic finishes with minimal exterior ornamentation
and limited interior detail. These dwellings meet minimum building codes and are constructed with inexpensive, stock materials
with limited refinements and upgrades.

a6

Dwellings with this quality rating are of basic quality and lower cost; some may not be suitable for year-round occupancy. Such dwellings
are often built with simple plans or without plans, often utilizing the lowest quality buitding materials. Such dwellings are often built or
expanded by persons who are professionally unskilied or possess only minimal construction skills. Efectrical, plumbing, and other mechanical
systems and equipment may be minimal or non-existent. Older dwellings may feature one or more substandard or non-conforming additions
to the original structure

Definitions of Not Updated, Updated, and Remodeled

Not Updated
 Little or no updating or modernization. This description Includes, but is not limited te, new homas.

 Residential properties of fifteen years of age or less often refiect an original condition with no updating, if no major
 components have been replaced or updated. Those over fifteen years of age are also considered not updated if the
 appliances, fixtures, and finishes are predominantly dated. An area that is ‘Not Updated’ may still be well maintained
 and fully functional, and this rating does not necessarily imply deferred maintenance or physical/functional deterioration.

Updated

 The area of the home has been modified to meet current market expectations. These modifications
 are limited in terms of both scope and cost.

 An updated area of the home should have an iniproved fook and feel, or functional utility. Changes that constitute
 updates Include refurbishment and/or replacing components to meet existing market expectations, Updates do not
 include significant alterations to the existing structure.

Remodeled

 Significant finish and/or structural changes have been made that increase utility and appeal through
 complete repfacement and/or expansion.
 Aremodeled area refiects fundamental changes that include multiple alterations. These alierations may include
 some or all of the following: replacement of a major component (cabinet(s), bathtub, or bathroom tile), relocation
 of plumbing/gas fixtures/appliances, significant structural alterations (relocating walls, and/or the addition of)
 square footage). This would include a complete gutting and rebuild.

Explanation of Bathroom Count

 Three-quarter baths are counted as a full bath in all cases. Quarter baths {baths that feature only a toitet) are not

UNIFORM APPRAISAL DATASET (UAD) DEFINITIONS ADDENDUM
 (Source: Fannie Mae UAD Appendix D: UAD Field-Specific Standardization Requirements)

Abbreviations Used in Data Standardization Text

 Abbrevialio] I Fl Name Tiolds Where THis ADOTevIatonpay Appear.
 A Adverse Location & View
 ac Acres Area, Site
 AdiPrk Adjacent to Park Location
 AdjPwir Adjacent to Power Lines Location
 Amtth Arms Length Sale Sale of Financing Concessions
 AT Attached Structure Design (Style)
 B Beneficial Location & View
 ba Bathroom(s) Basement & Finished Rooms Below Grade
 br Bedroom Basement & Finished Rooms Below Grade
 BsyRd Busy Road Location
 c Contracted Date Date of Sale/Time
 Cash Cash Sale or Financing Concessions
 Comm Commercial Influence Location
 Conv Conventional Sale of Financing Concessions
 cp Camport Garage/Camort
 Cridrd Court Ordered Sale Sale or Financing Concessions
 ClySky City View Skyline View View
 ClyStr City Street View View
 ov Covered Garage/Carport
 DOM Days On Market Data Sources
 DT Detached Structure Design (Style)
 aw Driveway Garage/Carport
 [] Expiration Date Date of Sale/Time
 Estate Estate Sale Sale or Financing Concessions
 FHA Federal Housing Authority Sale or Financing Concessions
 [1] Garage Garage/Carport
 aa Attached Garage Garagg/Carporl
 gbi. Built-in Garage. Garage/Carport
 ad Delached Garage Garage/Carporl
 GifCse Golf Course Location
 Glfvw Golf Course View View
 GR Garden Design (Style)
 HR High Rise Design (Style)
 in Interior Only Stairs nt & Finished Rooms Below Grade
 Ind Industrial Location & View
 Listing Listing Sale or Financing Concessions.
 Lodfl Landfill Location
 LdSght— Limited Sight View —
 MR Mid-rise Design (Style)
 Mtn Mountain View View
 N Neutral Location & View
 NonAm Non-Arms Length Sale Sale or Financing Concessions
 [] Other Basement & Finished Rooms Below Grade
 0 Other Design (Style)
 op Open Garage/Camport
 Prk Park View View
 Pstrt Pastoral View View
 Pwiln Power Lines View
 PubTm Public Transportation Location
 Relo Relocation Sale Sale or Financing Concessions
 REQ REO Sale Sale or Financing Concessions
 Res Residential Location & View
 RH USDA - Rural Housing Sale or Financing Concessions
 [13 Recreational (Rec) Room Basement & Finished Rooms Below Grade
 RT Row or Townhouse Design (Style)
 s Settlement Date Date of Sate/Time
 sD Semi-detached Structure Design (Style)
 Short Shor Sale Sale or Financing Concessions
 sf Square Feet Area, Site, Basement
 sqm Square Meters. Area, Site

License

 srErciEy earimey
 erethi STATE:OF MICHIGAN
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 BUREAU OF PROFESSIONAL LICENSING

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E&O

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 BBURERE
 COVERAGES CERTIFICATE NUMBER: REVISION NUMBER:
 THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED YO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD
 INDICATED, NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRAGY OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS
 CERTIFICATE MAY BE ISSUED OR MAY PERYAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS,
 EXCLUSIONS AND CONDITIONS OF SUCH POLICIES, LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS.
[ TPE OF WsURANCE Ivey roucyHuBER EEA Lwrs
 ‘COMMERGIAL GENERAL LIABILITY EACH OCCURRENCE: + 1000,000
 J cunms save OCGUR PREMSES(Fa ozmreceel | 50.000
 {| MED EXP (Aj ore porice) | 3 $10,000
 By | §-3105575 8/02/2024 | 08/02/2025 { personas a Apveuuny 15 1.000.000
 GENE AGGREGATE LIT APPLIES PER GENERAL AGGREGATE 3 2.000.000
 X] boucr [158% 0c PRODUCTS - CoMPIOPAGG | § 2,000,000
 oni: L]
 ATOMORILELIABILITY Fe a
 NY AITO BOGLY WARY (Pac parser? | §
 || nee DuLED BOBLY MIURY (Per socio] §
 |Fis{Autos omyoY AUTOSOh menONLY - { TROFEATYthe DAVAGE) 3
 [)
 [useseiavan Soon AGH OCCURRENCE 3
 EXCESS LIAS CLAMS MADE | AGGREGATE 3
 oro | J revenmons tt
 WORKERS COMPENSATION oI Ct ron oo [Shwe [TE
 IPROPREIOR PARTHEREXEGUIVE EL EACNACCIORNT s OF FICERVELBEREXCLUDED? NEA
 ibandsioy niin EL DISEASE| EAEMPLOVEE §
| [DE RRRGN 6 Gocrnons ei EL oisese-poucvuvar | s
 REAL ESTATE: Fach Loss = $1,600,600
 A | ERRORS AND OMISSIONS 45181207 1200712024 | 1200772025 | Each Potiey Year= | $1,000,000
 Deductible = None
 DESCRIPTION OF OPERATIONS / LOCATIONS | VEHICLES (ACORD 191, ASHtons! Remavhs Schadule, may ba sikachid i more 6404 1 10quirsd)
 Schedulg of appratsers: Jofl Samolis, Rebecca Dawson, Corie Abbott, Alysa Pichler, Chad Schumacher, Tina Schumacher, Autumn Prouty,
 Chrystal Ford, Angela Stoley, Chontrese Minnick, Natslie Wood, Crystal Miler, Sheita Biedein, Penny Casteller, Danielle Hindle,

 CERTIFICATE HOLDER CANCELLATION

 SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE
 THE EXPIRATION DATE THEREOF, NOTICE WiLL BE DELIVERED IN
 ACCORDANCE WITH THE POLICY PROVISIONS.

American Land Title Association ALTA Settlement Statement - Borrower
 Adopted 05-01-2015

 File No./Escrow No.: 25-446987 Three Lakes Abstract & Title
 2760 W. Houghton Lake Drive
 Print Date & Time: ~~ 8/27/2026 2:47:00 PM Houghton Lake, ah 48629
 Officer/Escrow Officer: Nichole Witer (989) 366-62

 Property Address: 1384 WEST HIGGINS LAKE DRIVE
 ROSCOMMON, MI 48653 (ROSCOMMON)
 (72-004-032-008-0100)

 Borrower: TIM NHUONG TRAN AND HIEU T. PHAN
 189 Fawn Creek Drive
 Holt, MI 48842

 Settlement Date: 8/29/2025

Deposits, Credits, Debits
 Sale Price of Property $920,000.00
 Deposit $25,000.00
Prorations
 Summer Tax Proration 8/20/2025 to 7/1/2026@ $3,339.62/Year $2,789.79
 Winter Tax Proration 1/1/2025 to 8/20/2025 @ $5,007.06/Year $3,202.31
Commissions
 Admin Fes - Selling to Coldwell Banker Schmidt Realtors $295.00
New Loans
 Loan Amount $644,000.00
 Loan Origination Fee $1,200.00 $1,200.00
 Appraisal Fes to United Wholesale Mortgage, LLC (POC $615.00 by Tim Nhuong Tran and Hieu T. Phan)
 Credit Report to United Wholesale Mortgage, LLC $134.00
 Processing Fee to Premier Home & Finance Co. $750.00
 Wire Transfer Fee to United Wholesale Mortgage, LLC $180.00
 MERS Reglstration Fes to RE/MAX of Higgins Lake $24.95
 Tax service to United Wholesale Mortgage, LLC $85.00
 Flood certification to United Wholesale Mortgage, LLC $8.00
 Prepakd Interest ( per day from 8/28/2025to 9/1/2025) $317.08
 Homeowner's Insurance Premium ( 12 mo.) to American Modem Insurance Company (POC $1,475.00 by Tim Nhuong Tran and
 Hieu T. Phan)
Title Charges
 Title - Lender's Title Insurance 0 Three Lakes Abstract & Title $1,831.00

Subtotals - $027,984.80 $612,200.34
Dus From Borrower $265,692.49
Totals $927,984.80 $927,984.80

 Acknowledgement

 Well have carefully reviewed the ALTA Settlement Statement and find it to be a true and accurate statement of all receipts
 and disbursements made on my account or by me in this transaction and further certify that | have received a copy of the
 ALTA Settlement Statement. Well authorize Thres Lakes Abstract & Title to cause the funds to be disbursed in
 accordance with this statement.

 BORROWER(S)

“TIM NHUONG RI.” 0
 Zh A
 HIEU T. PHAN

CLOSING AFFIDAVIT

 File # 25-446987 Closing Date: August 29, 2025
 Properly Address: 1384 West Higgins Lake Drive, Roscommon, Mi 48653

The undersigned makes the following representations regarding the above referenced transaction:

 PROPERTY TAXES: The estimated property taxes are being prorated in accordance with the purchase
 agreement. Tax Prorations are final. Three Lakes Abstract & Title is not responsible for any inaccuracy
 in the tax amounts of record. All future tax bills are the responsibility of the Buyer(s). Further, the
 Seller(s) will be responsible for payment of any retroactive tax assessments for any Homestead/Principal
 Residence Exemption Denial; the Company is held harmless from same.

 UTILITIES: Buyer(s) and Sellers) are reminded to make necessary changeovers regarding heat,
 elactricity, and other utilities. Seller Is responsible for utility payment until vacating subject property.

 INSURANCE: Purchaser is rasponsible for hazard/liability insurance beginning the day of closing.

 POSSESSION: Possession to be given upon the completion of closing to Buyer(s). Aoy rental charges
 are disclosed and agreed upon in the Purchase Agreement, or addendums attached thereto.

 PERSONAL PROPERTY: in accordance with the Purchase and Sales Agreement, alt items mentioned
 within the purchase agreement, if any, are included with the sale and shall remain with the subject
 property.

 ACKNOWLEDGEMENT: We hereby acknowledge that both Buyer(s) and Seller(s) will receive a copy of
 the closing statement.

 COMPLIANCE: Buyer(s) and Seller(s) both agree to cooperate in a timely manner if any additional
 documents need to be executed or corrections to any closing documents need to be made after closing,
 regardless of cause, reason, or source of such error.

 LEGAL COUNSEL: Three Lakes Abstract & Title is not acting as our agent, attorney, representative or
 fiduciary, in this real estate closing. That we have either read all of the closing documents or are
 responsible for our own failure to have read them. We understand that Three Lakes Abstract & Title is not
 responsible for explaining to us the effect of the documents we have signed. Further, the undersigned
 acknowledge that they have been informed of their right to legal counsel.

 TITLE INSURANCE: The title policy, when issued, will contain al of the exceptions noted on the
 commitment, unless such exceptions are removed to the satisfaction of Three Lakes Abstract & Title,

 10. PROPERTY REPRESENTATIONS: Seller(s) warrants that as of the date of this closing the water,
 sewage, heating, and electrical systems are in the same, or better, operating condition as of the date the
 subject property was last viewed by the Buyer(s), and further certifies that there are no functional defects
 in the subject property of which he/she is aware, except as noted in the Sellers Disclosure.

of representations have been made to the Purchasers by either the Sellers, Three Lakes Abstract & Title,
 RE/MAX of Higgins Lake, Coldwell Banker Schmidt Realtors, or their respective agents, concerning the
 conditions of the property: that all of the property, including but not limited to the water and the well, the
 septic system and drain field, roof, basement, the plumbing, heating, and electrical system are accepted
 "AS IS" by the Purchasers; and that nelther the Sellers, Three Lakes Abstract & Title, RE/MAX of Higgins
 Lake, Coldwell Banker Schmidt Realtors, or their respective agents, shail be responsible for any defects
 which may be discovered after the sale is closed. Further, all parties involved are satisfied that all
 material representation relative to square footage of home and parcel size have been examined by buyers
 and sellers and are satisfactory to both parties.

Additional Remarks:

None.

Buyer{s}). Seller(s):

 The Casmir J. Snabes Agreement of Trust dated
Tir Nhuong Tran February 2, 1996, as amended and completely
 restated on May 10, 2005, and any
 amendments there
Hieu T. Phan vd Vi
 By: i
 Paul A. Snabes, Successor Trustee

 By:
 Darryl J. Snabes, Successor Trustee

or representations have been made to the Purchasers by either the Sellers, Three Lakes Abstract & Title,
 RE/MAX of Higgins Lake, Coldwell Banker Schmidt Realtors, or their respective agents, concerning the
 conditions of the property: that all of the property, including but not imited to the water and the well, the
 septic system and draln fisld, roof, basement, the plumbing, heating, and electrical system are accepted
 "AS IS" by the Purchasers; and that neither the Sellers, Three Lakes Abstract & Title. RE/MAX of Higgins
 Lake, Coldwell Banker Schmidt Realtors, or their respective agents, shall be responsible for any defects
 which may be discovered after the sale is closed. Further, all parties involved are satisfied that all
 material representation relative to square footage of home and parcel size have been examined by buyers
 and sellers and are satisfactory to both parties.

Additional Remarks:

None.

Buyer(s): Selier(s):

 : The Casmir J. Snabes Agreement of Trust dated
Tim Nhuong Tran February 2, 1896, as amended and completely
 restated on May 10, 2005, and any
 amendments thereto
Hieu T. Phan
 B y:
 Paul A. Snabes, wr Trustee

 By: Lore
 Darryl J. Shabes, Successor Trustee

or representations have been made to the Purchasers by either the Sellers, Three Lakes Abstract & Title,
 RE/MAX of Higgins Lake, Coldwell Banker Schmidt Realtors, or their respective agents, concerning the
 sonditions of the property: that ali of the property, including but not limited to the water and the well, the

 by the Purchasers; and that neither the Sellers, Three Lakes Abstract & Title, RE/MAX of Higgins
 dwell Banker Schmidt Realtors, or their respective agents, shall be responsible for any defects
 Ay be discovered after the sale is closed. Further, all parties involved are satisfied that all
 al representation relative to square footage of home and parcel size have been examined by buyers
 and sellers and are satisfactory to both parties.

Additional Remarks:

None.

Buyer(s): Seller(s):

 The Casmir J. Snabes Agreement of Trust dated
 im Nhuopgtra February 2, 1996, as amended and completely
 » restated on May 10, 2005, and any
 amendments thereto
Hieu T. Phan a
 By:
 Paul A. Snabes, Successor Trustee

 By:
 Darryl J. Snabes, Successor Trustee

TAX PRORATION ACKNOWLEDGMENT

 File # 25-446987 Closing Date: August 29, 2025
 Property Address: 1384 West Higgins Lake Drive, Roscommon, MI 48653

Taxes in Roscommon County are billed in July and December. It is the practice to prorate these taxes in
accordance with the purchase agreement, or if not defined by the purchase agreement, the local recommended
custom. The closing of your real estate fransaction may take place when the Township where the property is
located will not have sufficient time to update their recordsto reflect the new property owner and billing address.
Therefore, you MAY NOT RECEIVE your tax bill. If you do not receive your tax bill by the end of July or
December, you are advised to contact theappropriate Township to obtain a copy of the tax bill. Tax prorations are
 final as of the date of closing. Any disagreements over this method of pro-ration must be stated by either party
 prior to the completion of this closing.

 If the taxing authority should change the homestead status for the current year or prior years taxes, seller agrees
to pay any balance due. Further, the Seller will be responsible for any retroactive tax assessments for any
Homestead/Principal Residence Exemption denial; the Company is held harmless from same.

The tax information for this transaction was provided to the Company by the iocal taxing authorities and the parties
agree to hold the Company harmless for any inaccuracies.

 SUMMER WINTER

Base Tax Amount $3339.62 $5,007.06

Days in year 365 365

Per Day Tax $9.1498 $13.7180

Days of Ownership 306 240

Total Tax Proration $2,799.79 $3,292.31

Dated: August 29, 2025

Buyer(s): Seller(s):

 The Casmir J. Snabes Agreement of Trust dated
Tim Nhuong Tran February 2, 1996, as amended and completely
 restated on May 10, 2005, and any amendments
Fieu T. Phan thereto

TAX PRORATION ACKNOWLEDGMENT

 File # 25-446887 Closing Date: August 29, 2025
 Property Address: 1384 West Higgins Lake Drive, Roscommon, Mi 48653

 Taxes in Roscommon County are billed in July and December. It is the practice to prorate these taxes in
 accordance with the purchase agreement, or if not defined by the purchase agreement, the local recommended
 custom. The closing of your real estate transaction may take place when the Township where the property is
 located will not have sufficient time to update their recordsto reflect the new property owner and billing address
 Therefore, you MAY NOT RECEIVE your tax bill. If you do not receive your tax bill by the end of July or
 December, you are advised to contact theappropriate Township to obtain a copy of the tax bill. Tax prorations are
 final as of the date of closing. Any disagreements over this method of pro-ration must be stated by either party
 prior io the completion of this closing.

 If the taxing authority should change the homestead status for the current year or prior years taxes, seller agrees
 to pay any balance due. Further, the Seller will be responsible for any retroactive tax assessments for any
 Homestead/Principal Residence Exemption denial; the Company is held harmless from same.

 The tax information for this transaction was provided to the Company by the local taxing authorities and the parties
 agree to hold the Company harmless for any inaccuracies.

 SUMMER WINTER

 Base Tax Amount $3,339.62 $5,007.06

 Days in year 365 365

 Per Day Tax $9.1406 $13.7180

 Days of Ownership 308 240

 Total Tax Proration $2,799.79 $3,292.31

Dated: August 29, 2025

Buyer(s): Sellers):

 The Casmir J. Snabes Agreement of Trust dated
Tim Nhuong Tran February 2, 1996, as amended and completely
 restated on May 10, 2008, and any amendments
 thereto
Hieu T. Phan

TAX PRORATION ACKNOWLEDGMENT

AES SN ) ; - File # 25-446987 Closing Date: August 29, 2025
7 Property Address: 1384 West Higgins Lake Drive, Roscommon, M! 48653

 Taxes in Roscommon County are billed in July and December. It is the practice to prorate these taxes in
 accordance with the purchase agreement, or if not defined by the purchase agreement, the local recommended
 custom, The closing of your real estate transaction may take place when the Township where the properly is
 located will not have sufficient time to update their recordsto reflect the new property owner and billing address.
 Therefore, you MAY NOT RECEIVE your tax bill. If you do not receive your tax bill by the end of July or
 December, you are advised to contact theappropriate Township to obtain a copy of the tax bill. Tax prorations are
 final as of the date of closing. Any disagreements over this method of pro-ration must be stated by either party
 prior to the completion of this closing.

 If the taxing authority should change the homestead status for the current year or prior years taxes, seller agrees
 to pay any balance due. Further, the Seller will be responsible for any retroactive tax assessments for any
 Homestead/Principal Residence Exemption denial; the Company Is held harmless from same.

 The tax information for this transaction was provided to the Company by the local taxing authorities and the parties
 agree to hold the Company harmless for any inaccuracies.

 SUMMER WINTER

 Base Tax Amount $3,339.62 $5,007.06

 Days in year 365 365

 Por Day Tax $9.1496 $13.7180

 Days of Ownership 306 240

 Total Tax Proration $2,799.79 $3,292.31

 Dated: August 29, 2025

 Buyer(s): Seller(s):

 The Casmir J. Snabes Agreement of Trust dated
 fm Nhuong Aq February 2, 1996, as amended and completely
 1 { > p restated on May 10, 2005, and any amendments
 thereto

Michigan Deparimentof Treasury - 2768 (Rev. 03-25) L-4260
Property Transfer Affidavit mis toms issued undor authorityof PA. 415 of 1984. Filing 1s mandatory. :
This form must be filed whenever real estate or some types of personal property are transferred (even if you are not recording
a deed). The completed Affidavit must ba filed by the now owner with the assessor for the city or township where the
property Is located within 45 days of the transfer. The information on this form Is NOT CONFIDENTIAL.
 1. Street Address of Proparty g 2. County 3. Date of Transfer (or land contract signed)
 1384 West Higgins Lake Drive, Roscommon, Ml 48653 Roscommon 8/29/2025
 4, Location of Real Estate 5. Purchase Price of Real Estate
 $920,000.00
 Gerrish Township 6. Seller's (Transferor) Name
 The Successor Trustes(s) of The Casmir J. Snabes
 Agreement of Trust Dated February 2, 1996, as amended
 and completely restated on May 10, 2005, and any
 amendments thereto
 7. Property Identification Number (PIN). if you don't have a PIN, atiach legal description. 8, Buyer's (Transfersa) Name and Malling Address
 PIN. This number rangas from 10 fo 25 digits. it usually includes hyphens and sometimes includes Tim Nhuong Tran and Hieu T. Phan
 letters. Itis on the property tax bill and on the assessment notice. 189 Fawn Creek Drive
 72-004-032-008-0100 Hott, M1 48842
 9. Buyer's (Transferes) Telephone Number
 (517) 303-3380

 Tuikd tonal. However, by. completingthe ; Vol
 10. Type of Transfer. Transfers include, but are not limited to, deeds, land contracts, transfers
 Sea pags 2 for bst.
 Otend Contract [Lease Xipeed other (specify)

 11. Was properly purchased from a finaquiphnstitiion? | 12, Is the transfer between related 13. Amount of Down Payment
 Yes Clves
 14. If you financed the purchase, did you pay market rale of interest? 15. Amount Financed (Bofrowed)
 [ves CIno
 EXEMPTION
 Certain types of transfers are exempt from uncappl ng. If you belleve your transfer qualifies for an exemption, please indicate the type of exemption you're
 claiming below. Note that if an exemption is claimed, your assessor may request additional information to support your claim.
 DCrransfer from one spouse to the other spouse.

 [Clchange in ownership solely to exclude or Include a spouse .
 Crransfer between certaln family members *(sae page 2). Describe relationship from each Transferor to each Transferee, atiach additional
 page If necessary, Seller Name: Buyer Name:
 Relationship of Buyer to Seller:
 [Transfer of that portion of a property subject to a life lease or life estate (until the life lease or life estate expires).
 [Clrranster between certain family members of that portion of a property after the expiration or termination of a life estate or life lease
 retained by transferor ** (see page 2). Describe relationship from each Transferor to each Transferee, attach additional page if necessary.
 Seller Name: Buyer Name:
 Relationship of Buyer to Seller:

 Crransfer to effect the forectosure or forfetture of real property.

 Dveanster by redemption from a tax sale.
 Clrrenster Into a trust where the settior or the settior's spouse conveys property to the trust and Is also the sole beneficiary of the trust.
 [CJrransfer resulting from a court order unless the order specifies a monetary payment.
 Drranster creating or ending a joint tenancy if at least one person is an original owner of the property (or his/her spouse).
 [Jrransfer to establish or release a security Interest (collateral).

 Crranster of real estate through normal public trading of stock.
 Crranster between entities under common control or among members of an affiliated group.
 368 of the Internal Revenue Code.

ASSESSOR FORM ACKNOWLEDGEMENT

Abstract & Tite File # 25-446987 Closing Date: August 29, 2025
 Property Address: 1384 West Higgins Lake Drive, Roscommon, Mi 48653

 The undersigned hereby acknowledge that the following form(s), as checked below, were completed at the
 above referenced closing:

 BUYER SELLER

 wt | Property Transfer Affidavit (L-4260)

 |] 40 Principal Residence Exemption Affidavit

 [I jn} Request to Rescind Homeowner's Principal Exemption

 Three Lakes Abstract & Title, (hereinafter “Escrow Agent”) will mail the above referenced form(s) for filing after
 closing to the appropriate assessor. The undersigned further acknowledges and agrees that the Escrow Agent
 is sending these forms as a courtesy to us.

 The Escrow Agent shall not be liable in the event that any of the information provided on said forms is inaccurate
 or incomplete, or in the event that sald forms are not received or prope) essed by the local assessor.

 The undersigned is advised to verify with the local assessor withi 30 days of glosing that the above referenced
 forms have been completed and properly processed.

 Buyer(s): Seller(s).

 \ p The Casmir J. Snabes Agreement of Trust dated
 Tim Nhuong TL sr February 2, 1996, as amended and completely
 Fy restated on May 10, 2005, and any amendments
 thereto
 Hieu T. Phan
 By:
 Paul A. Snabes, Successor Trustee

 By:
 Darryl J. Snabes, Successor Trustee

ASSESSOR FORM ACKNOWLEDGEMENT

Abstract & Title File # 25-446987 Closing Date: August 29, 2026
 Property Address: 1384 West Higgins Lake Drive, Roscommon, Mi 48663

 The undersigned hereby acknowledge that the following form(s), as checked below, were completed at the
 above referenced closing:

 BUYER SELLER

 fn} [a] Property Transfer Affidavit (L-4260)

 [] I] Principal Residence Exemption Affidavit

 [8] ® Request to Rescind Homeowner's Principal Exemption

 Three Lakes Abstract & Title, (hereinafter “Escrow Agent”) will mail the above referenced form(s) for filing after
 closing to the appropriate assessor. The undersigned further acknowledges and agrees that the Escrow Agent
 is sending these forms as a courtesy to us.

 The Escrow Agent shall not be liable in the event that any of the information provided on said forms is inaccurate
 or incomplete, or in the event that said forms are not received or properly processed by the local assessor.

 The undersigned is advised to verify with the local assessor within 30 days of closing that the above referenced
 forms have been completed and properly processed.

 Buyer(s): Seller(s).

 The Casmir J. Snabes Agreement of Trust dated
 Tim Nhuong Tran February 2, 1996, as amended and completely
 restated on May 10, 2005, and any amendments
 thereto
 HieuT, Phan
 By: Pail, 4. Soil
 Paul A. Snabes, Successor Trustee

 By:
 Darryl J. Snabes, Successor Trustee

 *

ASSESSOR FORM ACKNOWLEDGEMENT

Abstract & Title File # 25-446087 Closing Date: August 29, 2025
 Property Address: 1384 West Higgins Lake Drive, Roscommon, Mi 48653

 The undersigned hereby acknowledge that the following form(s), as checked below, were completed at the
 above referenced closing:

 BUYER SELLER

 [a] fo Property Transfer Affidavit (L-4260)

 3 [a] Principal Residence Exemption Affidavit

 3 hot Request to Rescind Homeowner's Principal Exemption

 Three Lakes Abstract & Title, (hereinafter “Escrow Agent”) will mai the above referenced form(s) for filing after
 closing to the appropriate assessor. The undersigned further acknowledges and agrees that the Escrow Agent
 is sending these forms as a courtesy to us.

 The Escrow Agent shall not be liable in the event that any of the information provided on said forms is inaccurate
 or incomplete, or in the event that said forms are not received or properly processed by the local assessor.

 The undersigned is advised to verify with the local assessor within 30 days of closing that the above referenced
 forms have been completed and properly processed.

 Buyer(s): Selier(s):

 The Casmir J. Snabes Agreement of Trust dated
Tim Nhuong Tran February 2, 1996, as amended and completely
 restated on May 10, 2005, and any amendments
 thereto
Higu T. Phan
 By:
 ’ Paul A, Snabes, Successor Trustee

 By: 2 Or dodo
 Darryl J. Sdabed, Successor Trusfee

Warranty Deed Jelinek & Snabes, PLLC
 (3/97)
 The Grantor Paul A. Snabes and Darryl J. Snabes, Successor Trustees
 of the Casmir J. Snabes Agreement of Trust Dated
 February 2, 1996, as amended and completely restated in
 its entirety on May 10, 2005,

 whose address is c/o 1384 West Higgins Lake Drive, Roscommon, MI
 48653,

 conveys and warrants to Tim Nhuong Tran and Hieu T. Phan, husband and wife,

 whose address is 189 Fawn Creek Drive Holt, MI 48842,

the following described premises situated in the Township of Gerrish, County of
Roscommon, State of Michigan to wit:

 Property located in the - Township of Gerrish, County of Roscommon, State of -
 Michigan, described as follows:

 Being a part of Gov't Lot 2, Section 32, T24N, R3W, Described as follows:
 Commencing at the South 1/4 corner of said Section 32; thence N1°03'W onthe N & §
 1/4 line, 2929.0 feet; thence N89°S0'E, 52.15 feet; thence NO°10'W, 15.0 feet; thence
 N20°56'45"E, 101.95 feet; thence N67°10'E, 51.71 feet to the point of beginning; thence
 N1°03'W, 55.0 feet; thence N89°50'E 217.50 feet to a point on the shore of Higgins
 Lake; thence S20°23'E, along said shore, 79.95 feet; thence S89°50'W along a line
 404.0 feet North of the E & W 1/4 line, 244.0 feet; thence N1°03'W, 20.0 feet to the
 point of beginning. Said above described land also includes all the land between the
 traverse line and the water's edge.

Together with all and singular the tenements, hereditaments and appurienances thereunto
belonging or in anyway appertaining thereto.

The Grantor(s) grant(s) to the Grantee(s) the right to make A | divisions under Section 108 of
the Land Division Act, Act 288 of the Public Acts of 1967.

This property may be located within the vicinity of farmland or a farm operation. Generally
accepted agricultural and management practices which may generate noise, dust, odors, and
other associated conditions may be used and are protected by the Michigan Right to Farm Act.

This deed is given for the sum set forth in the Real Estate Transfer Valuation Affidavit filed
herewith,

Dated: fx] =
 r T

Signed:
 Casmir J. Snabes Agreement of Trust Dated
 February 2, 1996, as amended and completely
 restated in its entirety on May 10, 2005
 Prd4 Snr
 By: Paul A. Snabes
 Its: Successor Trustee

 state of Michigan !
 ss.
 County of Cliatoa

 This foregoing instrument was acknowledged before me this a8 day of Avausv s
 8035 by Paul A. Snabes, Successor Trustee of the Casmir J. Snabes Agreement of Trust Dated
 February 2, 1996, as amended and completely restated in its entirety on May 10, 2005

 ANDRES CASTRO Notary Public AM, —
 Notary Public - State of Michigan
 County of Clinton [i County, AL Oct 31, 2031 (atop Expires My Commission
Acting in the County of ;
 My commission expires: __(Oripbes 31 ; 2031

Signed:

 Casmir J. Snabes Agreement of Trust Dated
 February 2, 1996, as amended and completely
 restated in its entirety on May 10, 2005

 By: Darryl J. Snabes
 Its: Successor Truste

 stteof ___ Michoven
 County of hey Won. 58.

 This foregoing instrument was acknowledged before me this XX “day of huoy st
S035 by Darryl J. Snabes, Successor Trustees of the Casmir J. Snabes A greementt of Trust
 Dated February 2, 1996, as amended and completely restated in its entirety on May 10, 2005.

 Notary Public LA Yt )
 — halts Com. Hach
 My commission expires: | 30 1321.

 SARAH ELGARY
 NOTARYCHARLEVOIXPUBLIC -COMICHIGAN
Prepared by and Return to: | Ac same or Hsiena
Dennis W. Bila, 11, of Counsel
Jelinek & Snabes, PLLC
802 Bridge Street
Charlevoix, MI 49720

File No: MI-583356

NOTIFICATION OF PRIVATE ROAD

The undersigned Grantor (Seller) hereby notifies the Grantee (Purchaser) that the property
described in the attached Warranty Deed is located on a private street or road and is not required
to be maintained by the Board of County Road Commissioners.

 Casmir J. Snabes Agreement of Trust Dated February 2,
 1996, as amended and completely restated in its entirety
 on May 10, 2005

 Pout A. Brads
 By: Paul A. Snabes
 Its: Successor Trustee

 By: Darryl J. Snabes
 Its: Successor Trustee

ACCEPTANCE

 The undersigned Grantee (Purchaser) hereby acknowledges that they have read the
above,

Dated:

 Tim Nhuong Tran

 Hieu T. Phan

NOTIFICATION OF PRIVATE ROAD

 The undersigned Grantor (Seller) hereby notifies the Grantee (Purchaser) that the property
 described in the attached Warranty Deed is located on a private street or road and is not required
 to be maintained by the Board of County Road Commissioners.

 Casmir I. Snabes Agreement of Trust Dated February 2,
 1996, as amended and completely restated in its entirety
 on May 10, 2005

 By: Paul A. Snabes
 Its: Successor Trustee
 Qos F. Lradoa
 By: DarrylJ. Snabes
 Its: Successor Trustee

 ACCEPTANCE

 The undersigned Grantee (Purchaser) hereby acknowledges that they have read the
above.

 Dated:

 Tim Nhuong Tran

 Hieu T. Phan

NOTIFICATION OF PRIVATE ROAD

The undersigned Grantor (Seller) hereby notifies the Grantee (Purchaser) that the property
described in the attached Warranty Deed is located on a private street or road and is not required
to be maintained by the Board of County Road Commissioners.

 Casmir J. Snabes Agreement of Trust Dated February 2,
 1996, as amended and completely restated in its entirety
 on May 10, 2005

 By: Paul A. Snabes
 Its: Successor Trustee

 By: Darryl J. Snabes
 Its: Successor Trustee

ACCEPTANCE

 The undersigned Grantee (Purchaser) hereby acknowledges that they have read the
above.
Dated: 5 loa \o5

 ‘Tim Nh#ng Tein

 Hieu T. Phan

FL

 UNIT

 = EY
 Balabut Law; 0 Towner Stas!Yoel nti. MiM £5755
 (734 ) 485 -7000

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 3

 Plichiqan TAy P.U. py 302
 Lansing MU

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