Land Property Inspection Report Page 1 of 8 Form Date: 2/1/2006

LAND PROPERTY INSPECTION REPORT

Inspection Co.: Management Co.: EMCON ASSOCIATES

Address: Address: 74 BRICK BLVD.

City/State/Zip: City/State/Zip: BRICK, NJ 08723

Telephone #: Telephone #: 732-920-5400

TOM LITTLE Contact: EMCON ASSOCIATES

Asset Number: 910059008 Property Name: 35 LOTS

Inspection Date: 4/20/2011 (mm/dd/yyyy) Address: LAKE SILVER RD & LAKEVIEW DR.

FDIC Contact: City/State/Zip: CRESTVIEW, FL 32536

General InformationProperty Type: LAND, ALL TYPES INCLUDING LAND ZONED COMMERCIAL, RESIDENTIAL, FARMLAND, ETC.

Land Area: 36 LOTS

Known or Observed Code Violations:

Known or Observed Environmental Conditions: NO (Check for Spills, Contaminated Soil, Chemicals) NO (Check for Water Accumulation, Wetland Areas) NO (Check for Fuel Tanks Above or Below Ground) NO (Check for Landfills & Environmental Hazard Signs) NO

Comments: WOODED LOTS ARE UN CLEARED

Photos Taken and Submitted? YES (Y/N)

Inspected By: TOM LITTLE (Sign)

Inspection Date: 4/20/2011

Land Property Inspection Report Page 2 of 8 Form Date: 2/1/2006

I. PROPERTY DESCRIPTIONBriefly Describe the Property:UNDEVELOPED LAND ADJACENT TO NEW CONSTRUCTION

II. PROPERTY OBSERVATIONS

A. Accessibility: i. Is the property accessible from a road? DIRT ROAD ii. What is the condition of the road? RUTTED iii. Can a vehicle enter onto the property? 4X4 ONLY iv. Is the property landlocked? PARTIAL v. Are there sidewalks? NO

Comments:

B. Fencing: i. Is part/all of the property fenced? Front? NO Back? NO Sides? NO ii. What portion is fenced? Front? Back? Sides? iii. Fence Type: Front? Back? Sides? iv. Condition of the fence(s): Front? Back? Sides?

Comments:

C. Visibility: i. Is the property visible from a road? YES ii. What portion of the property is visible? PARTIAL

Comments:

D. Signage: i. Type: a. For Sale Number: NONE Size: b. No Trespass/Dumping Number: Size: c. Other Size: ii. Visibility: iii. Is signage adequate for the circumstances?

Comments:

E. Mowing Status: i. Has the property been mowed? NO ii. Is the property located in a zoned area or a community? NO iii. Is the property in compliance with local mowing laws? N/A

Comments: WOODED, CLEARED

F. Improvements: i. Have any improvements been made to the property? NONE ii. Are they habitable? iii. Do they constitute a nuisance? iv. Are they secure?

Comments:

Land Property Inspection Report Page 3 of 8 Form Date: 2/1/2006

II. PROPERTY OBSERVATIONS CONT'D

G. List Personal Property: NONE List Debris Requiring Removal: NONE

If condition is less than acceptable, describe deficiencies:

III. ADDITIONAL PROPERTY INSPECTION COMMENTS

A. Liability Issues:i. Ponds, pools, water rentention areas: NONEii Steep terrain: SOMEiii. Hunting UNKNOWNiv. Well traveled trails: SOMEv. Other evident hazards NONE OBSERVEDvi. Fencing required: NO

B. Other Notes:

D. Location: ABOUT 5 5 MILES OUTSIDE OF CRESTVIEW, FL

How Does the Location affect the value? OTHER NEW SUBDIVISIONS IN AREA

E. Marketing: i. How does the property present itself? UNDEVELOPED

V. OTHER COMMENTS: (Special Issues)

VI. PICTURES TAKEN[ Insert hard copies and add pages for file copy OR Attach electronically ]

Instructions: Fill in all items pertaining to the type of property. If the item does not apply, write N/A. If the information is not obtainable, write N/O. Be as complete as possible and do not abbreviate any response. Use attachments for responses

requiring additional space. Use "Enter" key to move around on protected sheet!