QUALIFICATIONS OF APPRAISER

GILBERT S. MORDOH, SRA

INDIANA CERTIFIED GENERAL APPRAISER

April, 13 2009

EDUCATION:

$ B.S. Degree in Business Administration, with a major in Real Estate Administration - Indiana University, Bloomington, Indiana 1975.

$ Graduate studies in Business, Finance, and Real Estate at Indiana University, Bloomington, Indiana 1976-1977.

CERTIFICATION:

$ Indiana Certified General Appraiser, #CG69200779, Expires 06/30/2010

$ Indiana Real Estate Appraisal Commission -- 12/14/91

LICENSED:

$ Real Estate Broker, State of Indiana #PB51280465

PROFESSIONAL DESIGNATIONS:

$ Appraisal Institute--SRA (Senior Residential Appraiser)

REAL ESTATE-RELATED EXPERIENCE:

College Courses:

$ L408 Real Estate Law - Indiana University

$ R305 Real Estate Design and Layout - Indiana University

$ R490 Real Estate Administration and Policy Making - Indiana University

$ Indiana University tutor for R300 and R440

Professional Appraisal Courses:

$ Seminar: Indiana Appraiser’s License Law and Home Valuation Code of Conduct, Bloomington IN 2009

$ Seminar: Residential Marketing Conditions 2009

$ Seminar: Rates and Ratios 2007

$ Seminar: Antitrust 2007

$ Seminar: Environmental Concerns 2007

$ Seminar: Predatory Lending 2007

$ Seminar CE1000: USPAP Update, Indianapolis, IN 2005

$ Seminar: Uniform Residential Appraisal Report, Bloomington, IN 2005

$ Seminar CE1018: Indiana Rules for Appraisers, Indianapolis, IN 2004

$ Seminar CE1010a: Fair Housing & Fair Lending Laws, Indianapolis, IN 2004

$ Seminar CE1010b: Contemporary Environmental Issues, Indianapolis, IN 2004

$ AI Course II420N: Business Practice & Ethics, Indianapolis, IN 2003

$ AI Course I400N: USPAP Update, Indianapolis, IN 2003

$ Seminar CE1048: Houses, Terre Haute, IN 2003

$ Course RG240: Small Residential Income Property, Indianapolis, IN 2002

$ Seminar CE1026: Residential Sales Comparison Logic, Indianapolis, IN 2001

$ Technology Forum (Basic), Las Vegas, NV 2000

$ Easement Valuation, Las Vegas, NV 2000

$ HUD/FHA Rules, Indianapolis, IN 1999

$ Appraising Manufactured Homes, Bloomington, IN 1999

Society of Real Estate Appraisers:

$ Seminar on Adjusting for Financing, Louisville, Kentucky

$ Seminar on Hewlett-Packard 38E Financial Calculator, Indianapolis, Indiana

$ Seminar on Investment Feasibility Analysis, Cincinnati, Ohio

$ Narrative Report Writing, Class R-2, Indianapolis, Indiana

$ Income-Producing Property, Class 201, Indianapolis, Indiana

$ Seminar on Professional Practice, Indianapolis, Indiana

American Institute of Real Estate Appraisers:

$ Principles of Appraising, Class 1-A, Bloomington, Indiana

Indiana University:

$ Principles and Techniques of Real Estate Administration and Appraising

EMPLOYMENT:

$ Employed with David R. Stipp and Company, Professional Real Estate Appraising Firm 1974-1976. Tasks included research work in addition to assisting in field appraisals.

$ Partnership in Timber-Crafts Real Estate Appraisal, 1976-77.

$ Presently proprietor of Gilbert S. Mordoh and Company, Inc., Professional Real Estate Appraisers, Analysts, and Consultants, 1977 to present.

PROFESSIONAL AFFILIATIONS:

$ The Appraisal Institute-- SRA

$ National Association of Realtors -- Member

$ Bloomington Board of Realtors -- Member

$ Bedford Board of Realtors -- Associate Member

$ Greene County Board of Realtors -- Affiliate Member

APPROVED:

$ State Approved Appraiser for Indiana Department of Transportation

$ Local Public Agency Acquisitions (Approved for performing residential, farm, commercial, industrial & special purpose appraisals)

$ FHA

$ VA

$ Rural Housing

APPRAISAL EXPERIENCE AND TYPES OF PROPERTIES APPRAISED:

Savings Banks and Savings & Loans

$ Bedford Federal Savings Bank, 1030 15th Street, P.O. Box 368, Bedford, IN (Residential, Commercial)

$ Farmers & Mechanics Federal Savings, Post Office Box 269, Bloomfield, IN (Residential)

Banks

$ Monroe Bank, 210 E. Kirkwood Avenue, P.O. Box 2329, Bloomington, IN (Residential, Commercial)

$ Old National Bank, P.O. Box 2689, Bloomington, IN (Residential, Commercial)

$ Bloomfield State Bank, 1301 N. Walnut Street, P.O. Box 1294, Bloomington, IN (Residential, Commercial)

$ Regions Bank, 116 S. Walnut Street, Bloomington, IN (Residential, Commercial)

$ Irwin Union Bank & Trust Company, P.O. Box 1285, Bloomington, IN (Residential, Commercial)

$ Jackson County Bank, P.O. Box 307, Bedford, IN (Residential, Commercial)

$ Peoples State Bank, Post Office Box 128, Ellettsville, IN (Residential, Commercial)

$ Owen Community Bank, P.O. Box 381, Spencer, IN (Residential, Commercial)

$ National City Bank, 101 W. Washington Street, Indianapolis, IN (Residential)

$ Fifth/Third Bank,

Credit Unions

$ Hoosier Hill Federal Credit Union, 630 Lincoln Avenue, Bedford, IN (Residential & Commercial)

$ Indiana University Credit Union, PO Box 368, Bloomington, IN (Residential & Commercial)

$ Members Choice Federal Credit Union, 507 W Davis Street, Bloomington, IN (Residential)

$ Crane Federal Credit Union, 1201 James Avenue, Bedford, IN (Residential & Commercial)

Mortgage Companies

$ Bloomington Mortgage Corporation, 814 Auto Mall Road, Bloomington, IN (Residential)

$ Norwest Mortgage Corporation, 004 Fountain Square, Bloomington, IN (Residential)

$ Priority Mortgage Corporation, Post Office Box 40, Conover, NC (Residential)

$ Citicorp Mortgage, Inc., Post Office Box 790014, M.S. 314, St. Louis, MO (Residential)

$ Service Mortgage, 9279 N. Meridian Street, #200, Indianapolis, IN (Residential)

$ PHH US Mortgage, 6000 Atrium Way, Mt. Laurel NJ (Residential)

Relocation Companies

$ Argonaut Realty Acquisition, General Motors Corp., 485 W. Milwaukee Avenue, Detroit, MI (Residential)

$ PHH Home Equity, Inc., 2221 Camden Court, Oak Brook, IL (Residential)

$ Prudential Relocation, 1100 Woodfield Road, 2 Woodfield Lake, Suite 520, Schaumburg, IL (Residential)

$ Boatmens Relocation, 510 Locust Street, St. Louis, MO (Residential)

$ HFS Mobility Services, 1375 E. Woodfield Road #400, Schaumburg, IL (Residential)

$ Associates Relocation, 250 E. John Carpenter Freeway, Irving, TX 75062 (Residential)

$ Cartus

Federal, State, City

$ City of Bloomington, 220 E. 3rd Street, P.O. Box 100, Bloomington, IN (Residential, Commercial)

$ U.S. Department of Housing & Urban Development/FHA, 151 N. Delaware St., Indianapolis, IN (Residential)

$ Federal National Mortgage Association, 150 South Wacker Dr., Chicago, IL (Residential)

$ Small Business Association, 575 N. Pennsylvania Street, Indianapolis, IN (Residential)

$ U.S. Department of Justice, United States Marshals Service, 226 United States Courthouse, 46 E. Ohio Street, Room 226, Indianapolis, IN (Residential)

$ Department of Veterans Affairs, 575 N. Pennsylvania St., Indianapolis, IN (Residential, Commercial)

Right-of-Way Acquisition and Easements

$ Monroe County Superior Court, Bloomington, Indiana (Residential, Commercial)

$ City of Bloomington Utilities, P.O. Box 1216, Bloomington, IN (Residential, Commercial, Industrial)

$ City of Ellettsville, Ellettsville, Indiana (Residential, Commercial)

$ City of Bloomington, Redevelopment Department, P.O. Box 100, Bloomington, IN (Residential)

$ Indiana Department of Transportation, Division of Land Acquisition, 100 N. Senate Avenue, Indianapolis, IN (Residential, Commercial)

$ Monroe County Highway Department, Courthouse, Bloomington, IN (Residential, Commercial)

Other

$ Community Trust & Investment Co., 105 N. Pete Ellis #B, Bloomington, IN (Residential, Commercial)

$ Mallor, Clendening, Grodner & Bohrer, Attorneys at Law, 511 S. Woodscrest, Bloomington, IN (Residential, Commercial)

$ Andrews, Harrell, Mann, Chapman and Coyne, Attorneys at Law, 1720 N. Kinser Pike, Bloomington, IN (Residential, Commercial)

$ David J. Colman, 114 S. Grant Street, Bloomington, IN (Residential, Commercial)

$ Monroe Trust Group, P.O. Box 608, Bloomington, IN (Residential, Commercial)