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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />APPRAISAL OF THE VALUE <br /> <br />CERTIFICATE: <br /> <br />For Fair Market Value <br /> <br />We hereby certify that we have analyzed the property des- <br />cribed as: <br /> <br />All of Blocks 1127 and 1128, Town <br />of LaPorte, Harris County, Texas. <br /> <br />and it is our opinion that the fair market value of said <br />property as of March 7, 1986 is: <br /> <br />SIXTY NINE THOUSAND FIVE HUNDRED DOLLARS <br />($69,500.) <br /> <br />The property was appraised as a whole owned in fee simple. <br /> <br />We further certify that we have no present or contemplated <br />future interest in the property appraised or the result of <br />this appraisal and that this appraisal was made in conformity <br />with the standards of practice of the Society of Real Estate <br />Appraisers and the American Institute of Real Estate Apprai- <br />sers. <br /> <br />~~~ <br /> <br />o . We c, '} S RP A <br />