QUALIFICATIONS OF APPRAISER

STEVE A. YARUS

INDIANA CERTIFIED RESIDENTIAL APPRAISER

April, 13 2009

EDUCATION:

· B.S. Degree in Biological Sciences, Indiana University, 1973

· M.A.T. Degree in Biology, Indiana University, 1975

· M.S. Degree in Human Performance, Indiana University, 1980 Ph. D. Candidate in Exercise Physiology, Indiana University, 1984

CERTIFICATION:

· Indiana Certified Residential Appraiser, #CR69100632 Indiana Real Estate Appraisal Commission -- 12/14/91, Expires 06/30/2010

LICENSED:

· Real Estate Broker, State of Indiana #IB58604753

REAL ESTATE RELATED EXPERIENCE:

College Courses:

· R-300 Principles of Real Estate, Indiana University, 1984

Professional Appraisal Courses:

· Seminar: Licensure & Escrow Law, Bloomington, IN 2009

· Seminar: Environment Risk Reduction, Bloomington IN 2009

· Seminar: The Fair Housing Law, Bloomington IN 2009

· Seminar: Landlord B Tenant Law, Bloomington, IN 2009

· Seminar: The Code of Ethics, Bloomington, IN 2009

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

· Course 400: USPAP Update, Bloomington, IN 2005

· RECP – Indiana License Law Update, Bloomington, IN 2004

· RECP – Civil Rights Update, Bloomington, IN 2004

· RECP – Environmental Concerns, Bloomington, IN 2004

· Appraisal Institute – Appraisal Review Residential Properties, Bloomington, IN 1995

· Appraisal Institute – Seminar on Appraisal Reporting of Complex Residential Properties, Bloomington, IN 1994

· Appraisal Institute – Standards of Professional Practice, Part B – Course 420, Indianapolis, IN 1993

Employment:

· Presently employed since 1983 - Gilbert S. Mordoh & Co., Inc., Professional Real Estate Appraisers, Analysts, and Consultants

APPRAISAL EXPERIENCE AND TYPES OF PROPERTIES APPRAISED:

· Appraisal of residential properties in Monroe, Lawrence, Greene & Owen County markets. Appraisal of commercial properties in Monroe and Lawrence County markets.

Savings Banks and Savings & Loans:

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

· Home Federal Savings Bank, Post Office Box 648, Seymour, IN (Residential)

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

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

· United Federal Savings Bank, P.O. Box 1217, Vincennes, IN (Residential)

Banks:

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

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

· JP Morgan Chase, Indianapolis, 111 Monument Circle, Suite 1711, Indianapolis, IN (Residential)

· JP Morgan Chase, Bloomington, NA, P.O. Box 608, 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)

· American National Bank, Post Office Box 438, Vincennes, IN (Residential)

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

· First National Bank of Mitchell, P.O. Box 37, Mitchell, IN (Residential, Commercial)

· First of America Bank, 5300 Crawfordsville Road, Indianapolis, IN (Residential, Commercial)

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

· Stone City Bank, 1502 "I" Street, Bedford, IN (Residential, Commercial)

· Society Bank, 418 S. College Mall Road, Bloomington, IN (Residential, Commercial)

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

Credit Unions:

· Hoosier Hill Federal Credit Union (formerly Bedford Independent Federal Credit Union), 640Lincoln Avenue, Bedford, IN (Residential)

· Indiana University Credit Union, Post Office Box 368, Bloomington, IN (Residential)

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

Mortgage Companies:

· JP Morgan Chase Mortgage, 111 Monument Circle, Suite 1211, Indianapolis, IN (Residential)

· Inland Mortgage Co. Inc., 8851 Southpointe Drive, Ste. C-2, Indianapolis, IN (Residential)

· Huntington Mortgage Co., Inc., 7575 Huntington Park Drive, HM1124, Columbus, OH (Residential)

· JP Morgan Chase Mortgage, 100 S. College Avenue, P.O. Box 608, Bloomington, IN (Residential)

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

· Fleet Mortgage Corp., Post Office Box 3155, Milwaukee, W I (Residential)

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

· Sears Mortgage Corporation, 501 Congressional Blvd., Ste. 100, Carmel, 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 W ay, 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)

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)

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

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, Attorney at Law, 114 S. Grant Street, Bloomington, IN (Residential, Commercial)

· Bank One Trust Group, P.O. Box 608, Bloomington, IN (Residential, Commercial)

REFERENCES:

Mr. Gary Smart, Commercial Loan Officer

Crane Federal Credit Union

1201 James Avenue

Bedford, Indiana 47421

(812) 276-2900 x7416

Email: gsmart@cranecu.org

Ms. Debbie Peters, Loan Officer

Peoples State Bank

PO Box 128

Ellettsville, IN 47429

(812) 876-2228

Email: dpeters@peoples-bank.com

Mr. W. Edward Cullison, Vice President

Farmers & Mechanics Federal Savings

225 E Main Street Bloomfield, Indiana 47424

(812) 332-8018

Email: ecullison@farmersandmechanicsfederal.com