Securities and Exchange Commission v. Nadel et al

Filing 1311

DECLARATION of Burton W. Wiand re 1310 Verified MOTION for miscellaneous relief, specifically to Enforce Constructive Trust through Turnover of Real Property, or in the Alternative, through Foreclosure of the Receiver's Equitable Lien by Burton W. Wiand. (Attachments: # 1 Exhibit A - Doc 29 Order granting partial motion for summary judgment, # 2 Exhibit B - Final Judgment, # 3 Exhibit C - BK Case Doc 39 Order Granting Motion to Confirm Termination or Absence of Stay or Alternatively Relief From the Automatic Stay, # 4 Exhibit D - AQ Doc 115 Motion to transfer, # 5 Exhibit E - AQ Doc 182 ORDER granting 115 Motion to transfer; granting 117 Motion to transfer, # 6 Exhibit F - AQ Doc 184 Turnover Order, # 7 Exhibit G - 1 (pages 1-25) - AQ Doc 258 MOTION for confirmation of sale of Realty - with exhibits, # 8 Exhibit G - 2 (pages 25-50) - AQ Doc 258 MOTION for confirmation of sale of Realty - with exhibits-2, # 9 Exhibit G - 3 (pages 51-101) - AQ Doc 258 MOTION for confirmation of sale of Realty - with exhibits-2, # 10 Exhibit H - AQ Doc 263 FINAL JUDGMENT CONFIRMING RECEIVER'S SALE OF REALTY, # 11 Exhibit I - Hudgins Doc 264 Order Approving Sale of Real Propert)(Lamont, Michael)

IMalO File 15 of 18 Page #141
Case 6:07-cv-00608-ACC-DAB Document 258-3 Filed 08/11/10 Page No. G·07-436-20101PageID 2707

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1147 f'foridI Ave.
Pacama City. n. 32"05
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LoI 8·3, Stecoah Vlrw

THIS QUtTCLAfM DEED madt this 1he
by and betwem

JL day of ~,;

Trophy <lro\1p.Inc..

MWJi In,'eStmfl'lu. LtC.

• FlorIda corpomlon

a f10rida limited liability

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CDmJtll11Y
1847 Flctrida Aw.
Panama City. f'L 3141lS

The designrnttlft Omror and 0n!nuIe IS U11Id herein shlllincludt> said~. their ~1a'I, and

.me"'" lJIIIf .11 Include .insma" ~ural. masadlne. feminine.

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releuc!d and by tbne ~ daa 1'C'IItItt>. n:1c:nc. In!d fom<er quitclaim IrtIo the <mmee and itt
SUlX'CSSOI"I mel aut",. all riaht. title. cl.aim,1lftli I1IWett trf eM taid Granlor in and to • cenain

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Case 6:07-cv-00608-ACC-DAB Document 258-3 Filed 08/11/10 Page No. G-07-436-20101 Page #151 2708

or J*ttI of Iud l)"ine ,nd belns In die County o(Otabam. and Stale ofNnr\h Carolina, in Stealab
Tnwmhlp. md II1OI"C Plrticulll'ly dtIIcribfd IS follows:
SCI: E.dliblt "A" attached 10 lhis Deed, ineorpomod by

,.renMCC into Ihi, Deed and

spc::c::UbDy madc, part orthi. Deed.
O~ lCquited the

property br:mna~ de1c:ribcd b)'lnstnlrncnt ~ordod In BGOk 263 III Pqc

319.
TO IfAVF. AND TO HOLD the ,foresaW tract or pateCl 0( land and III privlJclCI IlKnunto
bdnn,m, to him die sai4 GnInteo'" it5 _~end anipt 6oe ... dltchaTpd (rom all riPl.
title, cIIim or Inta'ftl Ibl add Onntor or Ilft1IIM daiminll by, and thtoup or lUIdcr it. TIde to
tbe property hcreiNbtm _ribcd Is nb}ed to tht ron-i". ftCeptioM if lIftr.

or

NONE
IN TESTtMOOY WHF.RF.OF'. met CirartInrS hive hereImto"' theirlla,.ds ,nd sallbt day met 1"ftne IlboYe wri.lIn.

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Case 6:07-cv-00608-ACC-DAB Document 258-3 Filed 08/11/10 Page No G-07 -436-20101PageID 2709
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Valley River Appraisal
Case 6:07-cv-00608-ACC-DAB Document 258-4 Filed 08/11/10 Page 1 of 21 PageID 2711

07/30/2010

Shutts & Bowen llP

File Number:

Schneider

Dear Sir.

In accordance with your request, I have personally inspected and appraised the real property at:

165 Knoll Top Road
Robbinsville, NC 28771

The purpose of this appraisal is to estimate the market value of the subject property, as improved. The
property rights appraised are the fee simple interest in the site and improvements.
In my opinion, the estimated market value of the property as of _ _--"-07'-'-/;:;;.26;;.:../;;;:.;20:;...;1..,::.0_ _ _ is:

$

224,000

Two Hundred and Twenty-Four Thousand Dollars

The attached report contains the description, analysis and supportive data for the conclusions, final
estimate of value, descriptive photographs, limiting conditions and appropriate certifications.

R~~~:.

Signature:

g ~IlML!£'"

Thomas Edward Graves
Valley River Appraisal

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Valley River Appraisal
Case 6:07-cv-00608-ACC-DAB Document 258-4 Filed 08/11/10 Page 2 of Schneider
21 PageID 2712
File No.
Case No.

Freddie Mac Form 70 March 2005
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Case #: 6:07-<.'V-608-0rt-22DAB

Fannie Mae Form 1004 March 2005
Page
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Valley River Appraisal
Case 6:07-cv-00608-ACC-DAB Document 258-4 Filed 08/11/10 PageNo. of 21 PageID 2713
3 Schneider
File
Case No. Case #: 6:07-cv-608-0rl-:t

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Fannie Mae Form 1004 March 2005
PaQe
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Valley River Appraisal
Case 6:07-cv-00608-ACC-DAB Document 258-4 Filed 08/11/10 Page No. ofSchneider
4 21 PageID 2714
File
Case No. Case #: 6:07-cv-608-0rl-:i

Freddie Mac Form 70 March 2005
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Fannie Mae Form 1004 March 2005
Page
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Case 6:07-cv-00608-ACC-DAB Document 258-4 Filed 08/11/10 Page 5 of 21 PageID 2715
Valley River Appraisal
EXTRA COMPARABLES 4-5-6
File No.
Schneider
Case No. Case #: 6:07-cv-608-0rl-22D
Borrower Dennis J. & Virginia B. Schneider
Property Address 165 Knoll Top Road
City
Robbinsville
County
Lender/Client
Shutts & Bowen LLP

Graham
Address

State

NC

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Zip Code

Page

28771

4

of

40

Valley River Appraisal
Case 6:07-cv-00608-ACC-DAB Document 258-4 Filed 08/11/10 Page 6 of 21 PageID 2716
File No.
Schneider

Uniform Residential Appraisal Report

Case No. Case #: 6:07-cv-608-0rl-22DA

This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit;
including a unit in a planned unit development (PUO). 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 following scope of work, intended use, intended user, definition of market value,
statement of assumptions and limiting conditions, and certifications. Modifications, additions, or deletions to the intended
use, intended user, definition of market value, or assumptions and limiting conditions are not permitted. The appraiser may
expand the scope 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 to the appraiser's
continuing education or membership in an appraisal organization, are permitted.

SCOPE OF WORK: The scope of work for this appraisal is defined by the complexity of this appraisal assignment and the
reporting requirements of this appraisal report form, including the following definition 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 interior 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 report.
INTENDED USE: The intended use of this appraisal report is for the lender/client to evaluate the property that is the
subject of this appraisal for a mortgage finance transaction.
INTENDED USER: The intended user of this appraisal report is the lender/client.
DEFINITION OF MARKET VALUE: The most probable price which a property should bring in a competitive and open
market under all 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 conditions whereby: (1) buyer and seller are typically 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 or 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 special or creative financing or sales concessions. No adjustments are
necessary for those costs which are normally paid by sellers as a result of tradition or law in a market area; these costs are
readily identifiable since the seller pays these costs in virtually all sales transactions. Special 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 property 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.

STATEMENT OF ASSUMPTIONS AND LIMITING CONDITIONS:

The appraiser's certification in this report is

subject to 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 title
to it, except for information that he or she became aware of during the research involved in performing this appraisal. The
appraiser assumes that the title is good and marketable and will not render any opinions about the title.

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 the Federal Emergency Management Agency
(or other data sources) and has noted in this appraisal report whether any portion of the subject site is located in an
identified Special Flood Hazard Area. Because the appraiser is not a surveyor, he or she makes no guarantees, express or
implied, regarding this determination.
4. The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question,
unless specific arrangements to do so have been made beforehand, 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 this appraisal. Unless otherwise stated in this appraisal
report, the appraiser has no knowledge of any hidden or unapparent physical deficiencies or adverse conditions of the
property (such as, but not limited to, needed repairs, deterioration, the presence of hazardous wastes, toxic substances,
adverse environmental conditions, etc.) that would make the property less valuable, and has assumed that there are no such
conditions and makes no guarantees or warranties, express or implied. The appraiser will not be responsible for any such
conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist.
Because the appraiser is not an expert in the field of environmental hazards, this appraisal report must not be considered as
an environmental assessment of the property.
6. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to satisfactory
completion, repairs, or alterations on the assumption that the completion, repairs, or alterations of the subject property will
be performed in a professional manner.

Freddie Mac Form 70 March 2005
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Fannie Mae Form 1004 March 2005
Page
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Valley River Appraisal

File No.
Schneider
Case 6:07-cv-00608-ACC-DAB Document 258-4 Filed 08/11/10 Page 7 of #: 6:07-cv-608-0rl-22DA
21 PageID 2717
Uniform Residential Appraisal Report
Case No. Case

APPRAISER'S CERTIFICATION:

The Appraiser certifies and agrees that:

1. I have, at a minimum, developed and reported this appraisal in accordance with the scope of work requirements stated in
this appraisal report.
2. I performed a complete visual inspection of the interior and exterior areas of the subject property. I reported the condition
of the improvements in factual, specific terms. I identified and reported the physical deficiencies that could affect the
livability, soundness, or structural integrity of the property.
3. I 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. I developed my opinion of the market value of the real property that is the subject of this report based on the sales
comparison approach to value. I have adequate comparable market data to develop a reliable sales comparison approach
for this appraisal assignment. I further certify that I considered the cost and income approaches to value but did not develop
them, unless otherwise indicated in this report.
5. I researched, verified, analyzed, and reported on any current agreement for sale for the subject property, any offering for
sale of the subject property in the twelve months prior to 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. I researched, verified, analyzed, and reported on the prior sales of 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. I selected and used comparable sales that are locationally, physically, and functionally the most similar to the subject property.
8. I 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 land.
9. I have reported adjustments to the comparable sales that reflect the market's reaction to the differences between the subject
property and the comparable sales.
10. I verified, from a disinterested source, all information in this report that was provided by parties who have a financial interest in
the sale or financing of the subject property.
11. I have knowledge and experience in appraising this type of property in this market area.
12. I am aware of, and have access to, the necessary and appropriate public and private data sources, such as multiple listing
services, tax assessment records, public land records and other such data sources for the area in which the property is located.
13. I obtained the information, estimates, and opinions furnished by other parties and expressed in this appraisal report from
reliable sources that I believe to be true and correct.
14. I have taken into consideration the factors that have an impact on value with respect to the subject neighborhood, subject
property, and the proximity of the subject property to adverse influences in the development of my opinion of market value. I
have noted in this appraisal report any adverse conditions (such as, but not limited 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 I became aware of during the research involved in performing this appraisal. I have considered these
adverse conditions in my analysis of the property value, and have reported on the effect of the conditions on the value and
marketability of the subject property.
15. I have not knowingly withheld any significant information from this appraisal report and, to the best of my knowledge, all
statements and information in this appraisal report are true and correct.
16. I stated in this appraisal report my own personal, unbiased, and profeSSional analysis, opinions, and conclusions, which
are subject only to the assumptions and limiting conditions in this appraisal report.
17. I have no present or prospective interest in the property that is the subject of this report, and I have no present or
prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially 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 either 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 agreement or understanding, written or otherwise, that I would report (or present analysis supporting) a predetermined specific
value, a predetermined minimum value, a range or direction in value, a value that favors the cause of any party, or the attainment of a
specific result or occurrence of a specific subsequent event (such as approval of a pending mortgage loan application).
19. I personally prepared all conclusions and opinions about the real estate that were set forth in this appraisal report. If I relied on
significant real property appraisal assistance from any individual or individuals in the performance of this appraisal or the
preparation of this appraisal report, I have named such individual(s) and disclosed the specific tasks performed in this appraisal report.
I certify that any individual so named is qualified to perform the tasks. I have not authorized anyone to make a change to any item
in this appraisal report; therefore, any change made to this appraisal is unauthorized and I will take no responsibility for it.
20. I identified the lender/client in this appraisal report who is the individual, organization, or agent for the organization that
ordered and will receive this appraisal report.
Freddie Mac Form 70 March 2005
Fannie Mae Form 1004 March 2005
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Schneider
Valley River Appraisal
Case 6:07-cv-00608-ACC-DAB Document 258-4 Filed 08/11/10 CaseNo. 8 of #: 6:07-cv-608-0rl-22DA
Page Case 21 PageID 2718
No.

Uniform Residential A

ort

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; government sponsored enterprises; other
secondary market participants; data collection or reporting services; professional appraisal organizations; any department,
agency, or instrumentality 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 obtained before this appraisal
report may be disclosed or distributed to any other party (including, but not limited to, the public through advertising, public
relations, news, sales, or other media).
22. I am aware that any disclosure or distribution of this appraisal report by me or the lender/client may be subject to certain
laws and regulations. Further, I 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 lender at the request of the borrower, the mortgagee or its successors and assigns, mortgage
insurers, government sponsored enterprises, and other secondary market participants may rely on this appraisal report as part
of any mortgage finance transaction that involves anyone or more of these parties.
24. If this appraisal report was transmitted 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 containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and
valid as if a paper version of this appraisal report were delivered containing my original hand written signature.
25. Any intentional or negligent mlsrepresentation(s) contained in this appraisal report may result in civil liability and/or
criminal penalties including, but not limited to, fine or imprisonment or both under the provisions of Title 18, United States
Code, Section 1001, et seq., or similar state laws.

SUPERVISORY APPRAISER'S CERTIFICATION:

The Supervisory Appraiser certifies and agrees that:

1. I directly 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. I accept full responsibility 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 this appraisal report Is either a sub-contractor or an employee 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 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.
5. If this appraisal report was transmitted 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 containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and
valid as if a paper version of this appraisal report were delivered containing my original hand written signature.

APPRAISER

~o~~ g r&tWLS-Name
any Name __________________________-;
pany Address _ _ _ _ _ _ _ _ _ _ _ _ _-;
Telephone Numberl1.:.!;-8~2~8-::§8@3I7-:11~93~9L_ _ _ _ _ _ _-=~~--~'··
Email [e-mail]
Date of Signature and Report -"0..:. ;7/:. ,;:3:.: ;0""'/2o.: 0c.;.1.: .0_ _ _ _ _ _ _ __
Date of Signature
Effective Date of Appraisal..:::0.:...7/:,:2:.;:6:..:/2:,::0;.,:.1..::.0_ _ _ _ _ _ _ _ __
State Certification # - - - - - - - - - - - - - - - l
State Certification # .:...A=5..::.3.:::.57.:...-_ _ _ _ _ _ _ _ _ _ _ __
or State License # -----------------l
State _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _---l
or State License #
or Other (describe)
State # _ _ __
State
.:...N:..::C~_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __

Expiration Date of Certification or License

Expiration Date of Certification or License ..:::0..::6""'/3:..:0;:..:/2::..:0=...;1:...:1~______
SUBJECT PROPERTY
ADDRESS OF PROPERTY APPRAISED
165 Knoll Top Road
Robbinsville, NC 28771
APPRAISED VALUE OF SUBJECT PROPERTY $ _-=22:...4:.1.:,0:..;:00.:.0__
LENDER/CLIENT
Name _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ___
Company Name Shutts & Bowen LLP
Company Address _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __
Email Address ___________________________

o
o
o

Did not inspect subject property
Did inspect exterior of subject property from street
Date of Inspection _ _ _ _ _ _ _ _ _ _ _ _ _---4
Old inspect interior and exterior of subject property
Date of Inspection _ _ _ _ _ _ _ _ _ _ _ _ _--1

COMPARABLE SALES
Did not inspect exterior of comparable sales from street
Did inspect exterior of comparable sales from street
Date of Inspection _________________--1

o
o

Freddie Mac Form 70 March 2005
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Fannie Mae Form 1004 March 2005
Page
7 of 40

Case 6:07-cv-00608-ACC-DAB Document Valley River Appraisal 08/11/10 Page 9 of Schneider
258-4 Filed
21 PageID 2719
File No.
Case No.Case #: 6:07

Freddie Mac Form 71 March 2009

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Fannie Mae Form 1004MC March 2009
Page
8 of 40

File No.
Case 6:07-cv-00608-ACC-DAB Document 258-4 Filed 08/11/10 Page No. Case21 PageID 2720
10 Schneider -cv-608-0rl-22
of #: 6:07
Case
Borrower Dennis J. & Virginia B. Schneider
Property Address 165 Knoll Top Road
City Robbinsville
County
Lender/Client Shutts & Bowen LLP

Graham
Address

State

NC

Zip Code

it. ~ '..~ 1..: !

,l

28771

1

Market Conditions Addendum to the Appraisaf Report

i

I

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Case 6:07-cv-00608-ACC-DAB Document 258-4 Filed 08/11/10 Page 11 of 21 PageID 2721
Vall~ River Appraisal
COMMENT ADDENDUM
File No.
Schneider
Case No. Case #: 6:07-cv-608-0rl-22DA
Borrower Dennis J. & Virginia B. Schneider
Property Address 165 Knoll Top Road
County
City Robbinsville
Lender/Client Shutts & Bowen LLP

Graham
Address

State

NC

Zip Code

28771

Scope of Work:
For the sole purpose of providing the lender/client with an accurate, and adequately supported, opinion andlor estimate of the market
value of the subject real property that is the subject of this report based on a quantitative sales comparison analysis for use in the
mortgage finance transaction for purchase.
Intended use & user:
The intended user of this appraisal report Is the lender/client. The intended use is to evaluate the property that is the subject of this
appraisal for a mortgage finance transaction. Subject to the stated scope of work. Purpose of the appraisal. Reporting reqUirements of
the appraisal report form, and definition of market value. No additional intended users are identified by the appraiser.
General Comments:
Local building authority/tax assessor does not use block #s in their legal description.
No Zoning area are typical in this market and they do not adversely effect marketability.
The appraised value does not include or give value to any personal property.
Wells and Septic systems are typical in this market and they do not adversely effect marketability
Subject Is accessed by private streeUroad(Asphalt) which is common to this area, and is supported by comparable properties exhibiting
the same characteristics, and has no negative impact on subject marketability. Existence of the private streeUroad is not a detriment to
marketability, accessibility or value of the property. Private streeUroad is being maintained in a manner that generally meets
community standards and has no negative impact on subject marketability. Private street/road area are typical in this market and they
do not adversely effect marketability.
This report is for an effective date of 07/26/2010 Subject property is appraised in its present condition as of the date of this appraisal.
No speculation Is given for future market value. Standard limiting conditions apply based on the assumption that all mechanical,
electrical, and plumbing systems are functional.
The appraiser has made every attempt to locate sales similar to the subject in terms of location, site/view, design/appeal,quality of
construction, age, and condition, as well as gross living area, room count, and other areas of comparison. When differences in these
area are noted, necessary adjustments have been made for differences between the subject and these sales based on the market
reaction to differences for these items. the sales used are the best, most similar, most proximate, recent comparable sales available,
and unless otherwise noted in the report no adverse factors are noted related to the use of these sales.
If the sales vary from the subject In terms of age, design, or have gross living area variances over 20%, unless otherwise noted on the
report, this is not an adverse factor and all sales are comparable in terms of overall marketability, with the appropriate adjustments
noted where warranted. In all cases the appraiser has attempted to use the best, most similar sales for comparison with the subject.
Primary emphasis was placed on the most relevant comparable in the opinion of the appraiser with respect to gross/net adjustments,
lime, distance, and overall similarity of the comparable sales. The above comparable sales represent the best available sales in the
subject area
Unless otherwise noted on the report, if the final value is above or below the predominant value by more than 20%, this is not an
adverse factor and does not impact the subject's marketability andlor value.
The appraiser has provided a sketch in the appraisal report to show approximate dimensions of the improvements and the sketch is
included only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of its size.
Due to the difficult of accurately measuring{Angle}, upper level sketch is not guaranteed and is only approximate dimensions.
Tax records have been searched. A thorough deed search and opinion based on such research is beyond the scope of the appraiser's
expertise and has not been completed. If the client, through the use of a qualified abstractor or attomey, discovers information
contrary to the tax records then the report will be updated to include this new information.
Mountain Lakes/Jackson Mis Data and County records was utilized to provide the sales used in this report. In the appraiser personal
opinion the sales utilized were the best available sales and most recent sales at the lime of inspection.

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Case 6:07-cv-00608-ACC-DAB Document 258-4Ap'praisal 08/11/10 Page 12 of 21 PageID 2722
Filed
Vall~ River
COMMENT ADDENDUM
File No.
Schneider
Case No. Case #; 6;07-cv·60S·0rL·220A
Borrower Dennis J. & Virginia B. Schneider
Property Address 165 Knoll Top Road
County
City Robbinsville
Lender/Client
Shutts & Bowen LLP

Graham
Address

State

NC

Zip Code

28771

Comment on Adjustments:
(1) It is typical in this market area to have sale comparable with the differences between the low and high comparable prices and the
adjusted sales prices were necessary due to these sales being the only available comparable sales of valid similarity in this limited
market.
(2) Date of sale/time is a important factor of the valuation process and will reflect adjustments when it has an impact on market value.
Comment on comparable sales in excess of six months:
The appraiser has made every reasonable effort/attempt to locate sales similar to the subject in terms of location/similar
neighborhoods with similar conditions, influences and amenities), site size, view, design/appeal, age, condition, gross living area,
room count, basement area/Crawl Space) and other areas of comparison; there are other homes in the subject value range in the
subject market area, however, none had sold recently in order for consideration in this appraisal. In order to complete the analysis it
was necessary and common in this market area to utilize sales data which closed more than six months prior to the effective date
noted on the report. One or more of the comparable sales utilized data which closed more than six months prior to the effective date
noted on the report. Unless otherwise noted on the report this is not an adverse factor and the sales used were the most recent similar
sales available. Valuating real estate, as always, depends on supply and demand and real estate market has slowed in the area,
which has affected the number of listing of the subject market area. All comparable sales used are located in similar neighborhoods
with similar conditions, influences physical differences and amenities. All sales were/will derived from within subject market settings
and they would all appeal to, and compete well for the same purchaser as the subject and the most similar properties were chosen to
derive a comparative market value. Comparable sales number two(2) and number three(3) data of sale, closed more than six months
prior to the effective date noted on the report. No lime adjustment was deemed necessary due to similar market conditions at the time
the comparable sales sold. Their use is unavoidable due to a lack of acceptable comparable sales. Market stability renders this
practice accurate, acceptable and unavoidable.
(3) Comment on comparable sales in excess of one mile:
In order to complete the analysis it was necessary and common in this market area to utilize sales greater than 7.43 miles+/- from the
subject property. The appraiser has made every reasonable effort/attempt to locate sales similar to the subject in terms of location, site
size, design/appeal, age, as well as gross living area, room count, and other areas of comparison; however, no other comparable sales
are available in this market area that have sold within pass twelve months. There are other homes in the subject value range in the
subject market area, however, none had sold recently in order for consideration in this appraisal. Valuating real estate depends on
supply and demand and real estate sales have slowed, which has affected the number of sales in the subject market area. Appraiser
has expanded the search parameters as necessary to use the best, most similar sales for comparison. One or more of the comparable
sales utilized exceed preferred distance guidelines outside of the immediate area. Their use is unavoidable due to a lack of
acceptable comparable sales. Market stability renders this practice accurate, acceptable and unavoidable. All comparable sales used
are located in similar neighborhoods with similar conditions, influences physical differences and amenities. All sales were/will derived
from within subject market settings and they would all appeal to, and compete well for the same purchaser as the subject and the most
similar properties were chosen to derive a comparative market value. Unless otherwise noted on the report this is not an adverse factor
and the sales used were the most proximity/recent similar sales available.
(4) Location is a important factor of the valuation process and will reflect adjustments when it has an impact on market value. The
subject and comparable sales neighborhood area is located in a ruraVsuburbanlremote portion of the county. The land use in the
subject and comparable sales area includes single family, vacant land, good/excellent view and water frontage influence property
and national forest. There is no Significant market reaction of subject location vs comparable sales location, therefore an adjustment
is/was not warranted.
If any of the sales presented appear to be across major highways, railroads tracks. or other natural or man-made boundaries, unless
otherwise no led on the report, this is not an indication of any adverse factors.
(5) View is a important factor of the valuation process and will reflect adjustments when it has an impact on market value. There is

significant market reaction of subject view VB comparable sale number one(1) view, therefore an adjustment is/was warranted. There is
no significant market reaction of subject view vs comparable sales number two(2) and three(3) and active listing view, therefore an
adjustment is/was not warranted.

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Case 6:07-cv-00608-ACC-DAB Document 258-4 Filed 08/11/10 Page 13 of 21 PageID 2723
Vall~ River Ap"praisal
COMMENT ADDENDUM
File No.
Schneider
Case No. Case #: 6:07-cv-608-0rJ..22DA
Borrower Dennis J. & Virginia B. Schneider
Property Address 165 Knoll Top Road
City Robbinsville
County
Lender/Client
Shutts & Bowen LLP

Graham
Address

State

NC

Zip Code

28771

Comment on Adjustments Continue:
(6) Site is a important factor of the valuation process and will reflect adjustments when it has an impact on mari<et value. It is common
in this area for the of the site to being 1.52 acre+/-. This is not considered an adverse factor, and is typical for the area. The average
site of property in Graham County will vary greatly. It is common in this area for the value of the site to exceeds 9% of the total
property mari<et value ratio. This is not considered an adverse factor, and is Iypical for the area. Typical no adjustments are made for
differences that are 1/2 acre or less. A contribute value of $10,000 per acre adjustment was warranted to reflect market difference.
(7) Design(Style) There is no significant market reaction of 1.0 story vs 1.5 story homes, local mari<et does not recognize a difference in
value, therefore an adjustment is/was not warranted.
(8) Quality of construction was not intended to reflect the exterior building materials, but the overall construction of the dwelling.
(9) Actual age and effective age may be different depending on how the property has been maintained. Adjustment of $1,000 was
warranted to reflect mari<et difference.
(10) Condition is a important factor of the valuation process and will reflect adjustments when it has an impact on mari<et value. There
is no significant market reaction of condition subject vs comparables utilize therefore an adjustment is not warranted.
(11) In some cases it may be necessary to utilize sales having more or less than one bedroom than the subject property. If this is noted,
unless otherwise indicated on the report, this is not an adverse factor, and the sales used are the best, most similar available as of the
effective date of the report. Typically no adjustment is made for any difference in the number of bed rooms within one bed room
count. There is no significant mari<et reaction to bed room with more or less than one bedroom therefore an adjustment is not
warranted.
(12) In some cases it may be necessary to utilize sales having more or less than one bathroom than the subject property. If this is
noted, unless otherwise indicated on the report, this is not an adverse factor, and the sales used are the best, most similar available as
of the effective date of the report. Typically an adjustment is made for any difference in the number of finished bath rooms of the
subject property and comparable sales to reflect bath facilities/fixture/plumbing. Adjustment of $3,000 per full bath room and $2,000
per half bath room was warranted to reflect mari<et difference.
(13) It is common in this area for the gross footage of the subject vs comparable to be greater than 10% of the total gross frontage.
Unless otherwise noted on the report this is not an indication of any adverse factor. Gross living area is typically adjusted for when the
difference is over fifty square feet. The appraiser is aware of the client's requirement to bracket the gross living area of the comparable
sales presented. however this is not possible in all cases. and if the gross living area does not fall within this range, note that sales to
bracket this gross living area were unavailable. Unless otherwise noted on the report this is not an indication of any adverse factors,
and the sales used are considered the best. most similar. most recent proximate sales available. And all sales are comparable in terms
of overall marketability.
(14) It is common in this area for the basement area gross footage of the subject vs comparable basement area gross footage to be
greater than 10% of the total gross frontage. Unless otherwise noted on the report this is not an indication of any adverse factor.
(15) Typically an adjustment is made for any difference in the number of finished rooms below grade of the subject property and
comparable sales to reflect mari<et difference. Adjustment of $1.000 per bed room and $3,000 per full bath room and $2.000 per half
bath room was warranted to reflect market difference.
(16) Typically an adjustment is made for difference in heating/cooling to refiect market difference. There is no significant mari<et
reaction of hp/central vs fwa/central therefore an adjustment is not warranted. There is significant market reaction of hp/central vs
twa/none therefore an adjustment is not warranted.
(17) Typically an adjustment is made for difference in garage-attldeUcarportlbsmt to reflect market difference. Adjustment was
warranted to reflect market difference.
(18) Typically an adjustment is made for difference in porches/decks/patios to reflect market difference. Adjustment of $2,000 per
porch and $1,000 per deck/patio was warranted to reflect market difference.
(19) Typically an adjustment is made for difference in fireplace/pre fab fireplace to reflect market difference. Adjustment was
warranted to reflect market difference.

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Case 6:07-cv-00608-ACC-DAB Document 258-4 Filed 08/11/10 Page 14 of 21 PageID 2724
VailE!)' River Appraisal
SKETCH ADDENDUM
Borrower
Dennis J. & Virginia B. Schneider
Property Address
165 Knoll Top Road
City Robbinsville
County
Lender/Client
Shutts & Bowen LLP

Graham
Address

File No.
Schneider
Case No. Case #: 6:07-cv-608-0rl-22DA

State

Zip Code

NC

28771

53.4'
Closet

Bath

Dining

Kitchen

Bath
Bedroom

Bedroom

-q

Bedroom

Living Room

,...._ _ _........__ .-l

a.

~

16.5'

\0

~.\o

16.5'

-

"'--"-"'---'---'" 11'
\.\.' ..... __ •__ ••. _ •••••••••
15.4'
···-'••'t/oo D~"-;
15.4'
11.;1' ..···.w•••• \.\..1

.1

~

53.4'
Kitchenet
Bath

Laundry
Garage

N

~=JUti"tyIMud

Bedroom

0.1

~

.j-

Room

~~fl.--_...,

16.5'

\0

_...___ ._____•... II'
15.4'

\0

Den/Rec-Room

'\.

~

t-.-....··.w.·....-"'1';
patlo
1./,
\.'\..

16.5'

.....__.________ .1

N

a.

~

15.4'

Skelch by Ape!! Medina 'III

Comments:

LIVING AREA BREAKDOWN

AREA CALCULATIONS SUMMARY
Code

DescrIption

GLAl

Firat Floor
Baaement
Porch
Porch

BSM'l'

PIP

Net LIVABLE Area

Net Size

1455.5
1455.5
411.0
411.0

(rounded)

NetTota..

1455.5
1455.5
822.1

1455

Breakdown

Firat Floor
4.0 x
0.5 x
6.0 x
10.2 x
0.5 x
53.4 x

4 Items

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Subtotals

20.4
122.4
20.4
1292.3

10.2
20.4
4.0
24.2

(rounded)

1455

Page

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Vall~y River Appraisal
Case 6:07-cv-00608-ACC-DAB Document 258-4 ADDENDUM
LOCATION MAP Filed 08/11/10 Page 15 of 21 PageID 2725
File No.
Schneider

Case No. Case #: 6:07-cv-608-0rl-22DA
Borrower
Dennis J. & Virginia B. Schneider
PropertyAddreSi
165 KnoUTop. Road
City Robbinsville
County
Lender/Client Shutts & Bowen LLP

Graham
Address

State

NC

Zip Code

28771

'Y,',l'

.'
.............

./t- •

I

.~'

:",

...

.......

. -... •If. '" ~ .

.. ,........ ,.

....~
~

..... *.
"

"

#." .... t

CHEROKEe

,,'
.. t'"

.'

"

!

'---'

~OtO

MiclOsot1Co. ~008 NA.TfQ ••II4/orTtlt ftI~$,ln$, "\'"'--'''

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Case 6:07-cv-00608-ACC-DAB Document 258-4Appraisal 08/11/10 Page 16 of 21 PageID 2726
Filed
Valley River
SUBJECT PHOTO ADDENDUM
Borrower
Dennis J. & Virginia B. Schneider
Property Address
165 Knoll Top Road
City Robbinsville
County
Lender/Client
Shutts & Bowen LLP

Graham
Address

State

File No.
Schneider
Case No. Case #: 6:07-cv-608-0rl-22DA

NC

Zip Code

28771

FRONT OF
SUBJECT PROPERTY
165 Knoll Top Road
Robbinsville, NC 28771

REAR OF
SUBJECT PROPERTY

STREET SCENE

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Case 6:07-cv-00608-ACC-DAB Document 258-4Appraisal 08/11/10 Page 17 of 21 PageID 2727
Filed
Valley River
SUBJECT PHOTO ADDENDUM
Borrowe!-- Dennis J. & Virginia 8. Schneider:
Property Address
165 Knoll Top Road
City Robbinsville
County
Lender/Client
Shutts & Bowen LLP

Graham
Address

Slate

File No.
Schneider
Case No. Case #: 6:07-cv-608-0rl-22DA

NC

28771

Zip Code

Kitchen[Main Level)

Living Room[Maln Level]

Master Bed Room[Main Level]

Page

16

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Case 6:07-cv-00608-ACC-DAB Document 258-4 Filed 08/11/10 Page 18 of 21 PageID 2728
Valley River Appraisal
SUBJECT PHOTO ADDENDUM
Borrower
Dennis J. & Virginia B. Schneider
Property Address
165 Knoll Top Road
City Robbinsville
County
Lender/Client
Shutts & Bowen LLP

Graham
Address

State

File No.
Schneider
Case No. Case #: 6:07 -cv-608-0rl-22DA

NC

28771

Zip Code

Bed Room[Main Level]

Bed Room]Main Level]

Master Bath Room[Main Level]

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Case 6:07-cv-00608-ACC-DAB Document 258-4Appraisal 08/11/10 Page 19 of 21 PageID 2729
Filed
Valley River
SUBJECT PHOTO ADDENDUM
Borrower
Dennis J. & Virginia B. Schneider
Property Address
165 Knoll Top Road
City Robbinsville
County
lender/Client
Shutts & Bowen LLP

Graham
Address

State

File No.
Schneider
Case No. Case #: 6:07-cv-608-0rl-22DA

NC

Zip Code

28771

Bath Room[Main Level]

Living Room Area[Main Level]

Dinning Area[Main Level]

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Case 6:07-cv-00608-ACC-DAB Document 258-4Appraisal 08/11/10 Page 20 of 21 PageID 2730
Filed
Valley River
SUBJECT PHOTO ADDENDUM
Borrower
Dennis J. & Virginia B. Schneider
Property Address
165 Knoll Top Road
City Robbinsville
County
Lender/Client
Shutts & Bowen LLP

Graham
Address

State

File No.
Schneider
Case No. Case #: 6:07 -cv-608-0rl-22DA

NC

28771

Zip Code

Den/Rec-Room Area[Basement Area)

Laundry Room[Basement Area)

Bed Room[Basement)

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Case 6:07-cv-00608-ACC-DAB Document 258-4 Filed 08/11/10 Page 21 of 21 PageID 2731
Valley River Appraisal
SUBJECT PHOTO ADDENDUM
Borrower
Dennis J. & Virginia B. Schneider
Property Address
165 Knoll Top Road
City Robbinsville
County
Lender/Client
Shutts & Bowen LLP

Graham
Address

State

File No.
Schneider
Case No. Case #: 6:07-cv-608-0rl-22DA

NC

Zip Code

28771

Bath Room[Basement Area]

Garage Basement Area

Mud Room[Basement Area]

Page

20

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Case 6:07-cv-00608-ACC-DAB Document 258-5 Filed 08/11/10 Page 1 of 20 PageID 2732
Valley River Appraisal
SUBJECT PHOTO ADDENDUM
Borrower
Dennis J. & Virginia B. Schneider
Property Address
165 Knoll Top Road
City Robbinsville
County
Lender/Client
Shutts & Bowen LLP

Graham
Address

State

File No.
Schneider
Case No. Case #: 6:07-cv-608-0rl-22DA

NC

Zip Code

28771

Addition Front View

Addition Front View

Addition Front View

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Case 6:07-cv-00608-ACC-DAB Document 258-5 Filed 08/11/10 Page 2 of 20 PageID 2733
Valley River Appraisal
SUBJECT PHOTO ADDENDUM
Borrower
Dennis J. & Virginia B. Schneider
Property Address
165 Knoll Top Road
City Robbinsville
County
Lender/Client
Shutts & Bowen LLP

Graham
Address

State

File No.
Case No.

NC

Schneider
Case #: 6:07 -cv-608-0rl-22DA

28771

Zip Code

Left Front Exterior Door
Wealther

Right Front Exterior Door
Wealther

Basement Left Side Front View

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Case 6:07-cv-00608-ACC-DAB Document 258-5 Filed 08/11/10 Page 3 of 20 PageID 2734
Valley River Appraisal
SUBJECT PHOTO ADDENDUM
Borrower
Dennis J. & Virginia S. Schneider
Property Address
165 Knoll Top Road
City Robbinsville
County
Lender/Client
Shutts & Bowen LLP

Graham
Address

State

File No.
Schneider
Case No. Case #: 6:07-cv-608-0rl-22DA

NC

Zip Code

28771

Basement Right Side Front View

Addition Rear View

Front Right Side View

Page

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Case 6:07-cv-00608-ACC-DAB Document 258-5 Filed 08/11/10 Page 4 of 20 PageID 2735
Valley River Appraisal
SUBJECT PHOTO ADDENDUM
Borrower
Dennis J. & Virginia S. Schneider
Property Address
165 Knoll Top Road
City Robbinsville
County
Lender/Client
Shutts & Bowen LLP

Graham
Address

State

File No.
Schneider
Case No. Case #: 6:07-cv-608-0rl-22DA

NC

Zip Code

28771

Drive Way

Asphalt

Well

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Case 6:07-cv-00608-ACC-DAB Document 258-5 Filed 08/11/10 Page 5 of 20 PageID 2736
Valley River Appraisal
SUBJECT PHOTO ADDENDUM
Borrower
Dennis J. & Virginia B. Schneider
Property Address
165 Knoll Top Road
City Robbinsville
County
Lender/Client
Shutts & Bowen LLP

Graham
Address

State

File No.
Schneider
Case No. Case #: 6:07 -cv-608-0rl-22DA

NC

Zip Code

28771

Additiob Photo

Addition Left Side View

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Case 6:07-cv-00608-ACC-DAB Document 258-5 Filed 08/11/10 Page 6 of 20 PageID 2737
Valley River Appraisal
File No.
Schneider
Case No. Case #: 6:07-cv-608-0rl-22DA

COMPARABLES 1-2-3
Borrower
Dennis J. & Virginia B. Schneider
Property Address
165 Knoll Top Road
County
City Robbinsville
lender/Client
Shutts & Bowen LLP

Graham
Address

State

NC

28771

Zip Code

COMPARABLE SALE #
809 Gladdens Creek Road
Robbinsville, NC 28771

COMPARABLE SALE #

2

1215 Sam Cove Road
Robbinsville, NC 28771

COMPARABLE SALE #

3

175 Deer Run
Robbinsville, NC 28771

Page

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Case 6:07-cv-00608-ACC-DAB Document 258-5 Filed 08/11/10 Page 7 of 20 PageID 2738
Valley River Appraisal
COMPARABLES 4-5-6
Borrower
Dennis J. & Virginia B. Schneider
Property Address
165 Knoll Top Road
City Robbinsville
County
Lender/Client Shutts & Bowen LLP

Graham
Address

File No.
Schneider
Case No. Case #: 6:07 -cv-608-0rl-22DA

State

NC

Zip Code

28771

COMPARABLE SALE #

4

393 Eagles Nest Circle
Fontana Dam, NC 28733

COMPARABLE SALE #

5

1035 Sam Cove Road
Robbinsvi"e, NC 28771

COMPARABLE SALE #

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File No.
Schneider
Case 6:07-cv-00608-ACC-DAB Document 258-5 Filed 08/11/10 PageNo. of 20 6:07-cv-608-0rl-22
8 Case #: PageID 2739
Case
Borrower Dennis J. & Virginia B. Schneider
Property Address 165 Knoll Top Road
City Robbinsville
County
Lender/Client Shutts & Bowen LLP

Graham
Address

State

NC

28771

Zip Code

NORTH CAROLINA APPRAISAL BOARD
APPRAISER QUALIFICATION CARD
Expires~yh~ ";~Pf·2011
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File No.
Schneider
Case 6:07-cv-00608-ACC-DAB Document 258-5 Filed 08/11/10 Page No. of 20 6:07 -cv-608-0rl-22
9 Case #: PageID 2740
Case
Borrower Dennis J. & Virginia B. Schneider
Property Address 165 Knoll Top Road
City Robbinsville
County
Lender/Client Shutts & Bowen LLP

Graham
Address

State

NC

Zip Code

28771

IPaqQ 1 of 4)

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Grah am COIJllty
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TaXCOlJCto;-

QUITCLAIM

DrUm

MIchael W. Henni~
18.17 florida Ave.
P",,":a:tlu Cil~·. fL )2.HI5
This

in~ntment

prepared by:

Brief deSCription fnr the index:

Michael W. Hcnnl~.,n
1847 florida Ave
Panama City. FL 32405
Lol B·), Steconh View

nus QUITCLAIM PEED n,ade this \he J.L dl\~' of 1lfE::!.:;
by und between

Trophy Group.lnc .•
a Florida corporation
1368 Tumbull Bay Rond
New Sm)TM Deneh. fl. 321611

MWI f J",·e~menlS. l.tc.
n Fl<'lrida limited liAbility
company
,R47 Florida Ave.

Panama Chy. fL 32405
Tne dt!li~nation Grantor nnd (ir.lntct IS used herein shall include said parties. their successors. Illld
shall include sil1guf:1r. plural. m!lSttlfine. feminine. or neuter as may be required h)
context.
as~ign!i • .ilnd

W1TNF.SSETH. \"31 said Gmn1or, for 8:1d in considcr3tlor. of the sum of len dnilars ($1000) and
o!he> considl!rati()n to it in IHmd p"jd. the receipt of which i5 tu:rch: nCkOtlwlcdgcd. hall remised and
released and by Ihe~ prtSt"nt~ does remise. relellse. and forever quitdnim inrn rhe rm:mee Ilnd irs
successors and tt~~i~s all drill. title. claim. and inteTe<;t Mthe snid Gmntor in line":' (I cer1lm, tmet

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File
Case 6:07-cv-00608-ACC-DAB Document 258-5 Filed 08/11/10 PageNo. Case20 PageID 2741
10 Schneider -cv-608-0rl-22
of #: 6:07
Case No.
Borrower Dennis J. & Virginia B. Schneider
Property Address 165 Knoll Top Road
City Robbinsville
County
Lender/Client Shutts & Bowen LLP

Graham
Address

State

, . I'-lHt-·',...'·..,.-·,::."'I>-t.-<t-4.....
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NC

28771

Zip Code

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Schneider

Case 6:07-cv-00608-ACC-DAB Document 258-5 Filed 08/11/10 Page No. Case 20 PageID 2742
Case 11 of #: 6:07-cv-608-0rl-22
Borrower Dennis J. & Virginia B. Schneider
Property Address 165 Knoll Top Road
City Robbinsville
County
Lender/Client Shutts & Bowen LLP

Graham
Address

NC

State

28771

Zip Code

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Case 6:07-cv-00608-ACC-DAB Document 258-5 Filed 08/11/10 Page No. Case206:07 -cv-608-0rl-22
Case 12 of #: PageID 2743
Borrower Dennis J. & Virginia B. Schneider
Property Address 165 Knoll Top Road
City Robbinsville
County
Lender/Client Shutts & Bowen LLP

State

Graham
Address

NC

28771

Zip Code

(165 Knoll Top Road)

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File No.

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Case 6:07-cv-00608-ACC-DAB Document 258-5 Filed 08/11/10 Page No. Case206:07-cv-608-0rl-22
Case 13 of #: PageID 2744
Borrower Dennis J. & Virginia B. Schneider
Property Address 165 Knoll Top Road
City Robbinsville
County
Lender/Client Shutts & Bowen LLP

Graham
Address

State

OfYliR TO rUR-eliAS.: ,,1'1) CON'TRA(''I
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;.I?~t\ a«ep·(tlH":4.' of IUIW vl'fi:T. ~,,:a to 5.4:11 ,,-uti l:J;w..vey. 1111 or that plut, pica ur paf'C'el ol Land dc1{"Tit»:1 belt.lw, WgC1he.\ >,;ah J!l
'mp""H~1fkMh 1«.. 10(£ tnen:'''JflllOO UII":!. tbrut1:S and pc'NOrud ~VOf1y.as IUC li~tod bo,h>\\r ( ... ~l1(:«jv<'liy «:f'C1'lcd tu u the
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lsvrcr "'lit! s.el~r h.a.Il !.i!P'l14 or Initialed tbb utfcr Of the flnlll .:ouuk('otr¢f. ,flliny. and (H) ~ucb ~l!llli;~ or Illili1l11nt; 1$ t:(HlUl1U1H'4i~d
10 !h~ fwty 1"t,lkif11 til(:: offer ()f clxmteroff'u. u th. C-4\'>lf tmIY be. ~t.K:b date! Ilttl1l1 be rr.(I::neu In hrnlUl II .. fhe "EtTcct:h'c Date ~

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liIlIY, whiw may
rb<lt UN (,!(ttu~ f>r(lpcrt~ •• fld to rOld lh~ t>oeliW'3ti<m of RC~lri"li .. ,c C';'YCtlAJlt.a, H)"L4W\, .\tt,,;lu of
!IH:~Wj-mrlSfkm. !tu~ III~ itc.-pJAlio<I'l., 4"*<1 ~ ,QVIITlliUK ~;OCUIT'Qn~ of thtr owr• .,' u'.ioc:ll.d()11 lID..t.I()C t1;o: ~M"liuon. if '''Pillic'II.blt:
If 'h~ ?roptrt)' lJl :.ubjl!t;t t.l fe&lJhulOfI by I/lI _ncn' ~H.. ion. 11 i. ~orottlct\dcd
f!ily.::r ~lIIA '" capy I)(.J C{,IorllpkH:d Owners'
A~l:ttkm [)'3C\OWfC'! And ."'ddC:J'l.dwn {ll1al1danJ (rmn lA I::>-'n pttOf W !llf.,lllll&; I.h!~ OHt:r Hl f'\m:hM.~ <W'I11 C t :wtlf4CI. "",.1 fl,e/Ilk II
lI.nd tl ~n<)W" "~orn ,,<)fticlJIAd)'

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t100r GOv.mncs. blimb. wdes., dr!tpt:t')' r~h. :ulti CUI1.ll;n l\Xtn, Ut1K.hu ~d .11
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b;,Wli.ar'fin:ttlftOb.; atiUlWI., pool;md 1ip.4 cq\li~nl.liow ~ ~Y*fl:)" uu.cl;«l fit<!!lp,.,..~c KI'!!',...tt'l, ~M I•.'S$., HYl"lI fl;<,'1T 1!\I.t;fl:$. ~1>t"11'(
~ daor opmc:n witIJ _lI'Olct. out.kJOl' pl.mulllf.1d .reef; (clh~ fban in !U«) ... ble (C')ordllilflcCU}. b.;uk(!lb~" gf....
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'iYlltnfa and all nllld~d e"'ll"j~Mlleot. WIl!er Hjj\cllC'./c41ndttiOflillf llnd filler <>qUlprruml, lind .:Irq <.l'tlltT .Ien,j. .Hadled U1 ,df:lIe<J !O 1/'1;
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i)ollan. S1lwkt lin? c.hect or OdUtT (WIth paid by Sll}~ boo di~c:d,
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'.'1'floCty de!i~'l':T.gpoJ "'utn. tho: Sellcr ":MII h".'<! Ih-c "gin to tClCmmato dlia c;utllt;x;t VfWf! •... ntl.w m>h(¢ 1<1 lito 111,\,::,,, Tlle I)'Iltdqu(!
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File No.

Schneider

Case 6:07-cv-00608-ACC-DAB Document 258-5 Filed 08/11/10 Page 14 of 206:07-cv-608-0rl-22
Case No. Case #: PageID 2745
Borrower Dennis J. & Virginia B. Schneider
Property Address 165 Knoll Top Road
City Robbinsville
County
Lender/Client Shutts & Bowen LLP

SOUIHLAND RFAt 1'1'

Id

Graham
Address

State

NC

Zip Code

28771

From lil

:'t. R&SK 0 .... L(),."iS: Tho: nl<k Qn",:". (lr tlmnll.ce by (ke Of othor clu .."h;t pdQr !il Cl\j~l"t. dH'lIlIJ<:! UP"'" ~>':;'('L if 11.:; '"'I""'''m~''tI'.
()(\ CM r't~ 1m! dt$tmycd dtI' """'-'1IIIIy dAm~ prJ« HI CI£fflin&. Bu)e, mit)' ltrfrnilUlle: thl$ ('nUll.:! "y wr."~" ." ,h,., Jell",,", "d h)
Sdlcr Ot So::tler', ag.:nt <lOU 1\11 depmllts li.i~1I be I'llf'!t!dcd \0 Bu)'a In the eY!4'1l! Buyer OJ.)(:.) NOI dco (v Icnnim"'c (hI:, ""..,fT ••;!. HIl)'t'
....
dud' be ml'llr:>t1 10 f~c:dY(l,. in aJdhioft (.. lIll! Ptnpe;ry, ~fty o(ln·\,; Sdler'!. 1I1!W.IM1Cf' r'l'''~t'c.;h \">)':thk on 1,,,'C(\tIrH "fHx: OI1H1d!j;C ,"
dr:nrU(flol'l ilfipllcablc fa Ifill ?rupert)' hcing ptI~cd. S(tIlt:1 h. illiYhod tlttll' 1(1 (411,<.:1 ¢:..i;Hitlg il'l:lu')j,I\(~ (j,ft lf~ P((>fl<':n,. "lilt! afh:r
.,mfirmin& 1«.wdiJUon of me: de"",'
p<u·l.c~. t~11 lrlt~igm'd

::2 AS!:HGNM':l"i"rS: lllb cOon1rlK1 mily rwe hoe ;t.'I.1:tCm:rl without Ihe wrlUcll C<mS<:flC o( aU
{hen !Ill. ct>fllr.v:t thull be btndil'l' 00 tbe IlS~:IlJJ«! IU~ bb heirs W1!d .~~W'if1.

hy ngf~'mf·n(.

2;; "fAX·l}HF'RRtlF.{) J:XCUAt'«;Y..: It! fhl: eltent Duyct"!)If S"Uct lil;$ifC$ 10 <:rrccl a t.~,def(\r·l:d (;x..:nllnge in C()ffrll¢t-tlUQ ..... ith the
ClJllvi¢y.1.I:IC<: of
f'!'UfM'uy, l:htYIII and Seller agn:llI lO ~Ul ill cff«ti.ng Judi ex<;:!.allg.e; flw" ided.. fww~v<t:r·. Ihill Ihl'! " .. changi"G
,,"'ly :0."1111 be ltl'l!pOMib~ rue'.11 Addiiioou! _~ IU100eillfed witt; sucb ac:hangc:. IUld provided (llrtitcf. that ;t /}t)f\--('"Cn#tt!i.hl& 1""'1,..
~h,,11 MI Ii,,$um~ 1tt.1)' lIddilkoultt liabilit)' wilh ~('4 lo ,uch t1tJH,iefelTCd I:xdulnp. Seller and aQ)~ .'al1 e.><t;:;uh:r ~W;:h Mkhtiooal
,mmllmts. &l1'lO~ !Othe~ch!ll1lPA3ptUt)'••uh.Ubucquin:dw &ivoem.a tothit Pfl.l""ision. (M01'1! If AItx~Mij.." 1 till«r
\l'C'..... Jm~li' 16 of thb ccmr34'i win lI.pply. S41t.et' ~td lICdc advice c:.onomlln, the llllulti_ (If the O....tion Fr-c:)

tm:

_lUll

24 PARnrS! 111ifcnnfTKf.1I be hlr<dJ,. u.,an mdwlJ
todNrbcue.fit mthC!:p3J'ltC$, i.e•• ~lIild Scllu..oo thcU hdI'"
~u«.eJ.!.Of'S allii esigtU. As m<4 berdn. word3 1ft the .tngulllll' iltdudc t.kc plund md ~ m:oculinc ir..dudD lho fcmln~fle lind 1i4IlU\':1
del)J.mJ,,.S apptupnlWtJll_

7.5. SUaVIVAI.; rranypr(W\:$tl)f\ bctcm c~ ..... tdc:lt by iU ~ omdeffe:a til< rcqf.ltn:ld 10 bq o~ed, kepi
IIn~

')f performed
Ifw: Cknta& II "'aU ~l'<O the C1Q$il11 1114 ,~ift binctki. upon and (or llu: bcm:fk of Ih~ ,.tic;,: ~Q u."ItH fully Qt~<I.

hfVt tlf I"!l'fonnco,
26. ti:NTIRIt AGREf.MJtl't'T: This (ontr"' (lOfllailu the entire 1tB'l'fIrnC:tH ofrhco: p ..ITI;U ,wd Ihue 1m: no ncP'f~nta,,01'l'.
truluc'.nIcm, t)f t)4hl':f ptOYi$W.II, other Ihan t~ npmu.ed h4:rem. All ~ additIDfIl> (>I' d.e!o:-utm:l> ht:n:to m~::U bee in wririrt1J, and
.Jl:ncd by 1111 ~t.i~ Nocbi.IJfl cOifltllina.! h<:n:!in Jd.....l ,Ukt my a,s:rccment bctwCCiD a Itt'."!. fOft. "'- bmlo.cr ijml &Ik, <Jr Bu),('r ".~
.:<m~ In any U..ti"J ~aemlQlt. Du)'(1 ~":I'l!f;'Y .,._"1:>1)1. \#' lIfty oQ.cr 1It\.~., "1V~.>tIC.. t bo.>fW«0l1 1'*11.
21. N01"CF. AND 1.X£(."\I'nON:. Any f'KI(k:e Of' _,fUmlc::.ation to be "",_ 10 .. pirty Wc;(lltn

mJI:}i 00 d;"<',f) 10 tile polly (j'f:O tm;r.
AIty wtfl1l:tJ nod« Of ~ ill eMf~ witt U. lnI~ioft C.olllm1ptlud by lt1i.i wmr"".'t may be gi\'l;t\ 1.0
.11 porty In II p-arIy', agen' by SMdin& t ... uU$mittmg it 10 IIJI)" !!I\jlitinL~' c-·mAiJ -.d.dI_ ()It iall Ill1lntJet s;¢t forth in th~ JNotk"
Adc:tRa'" _lias ~tow, Sell« Md BIlYO: it.lt" dyt the .. N:otieo 1st
iQu" ~d ".EfCf_ A;:i.IW... I«~I~ ACti.;l1'~ below shaJl
not <,_drum. nuim-iaJ J)'IL1t of tJthl Off« to Pu,dlti1t and Coouacl. and ttlM dle.lddkitlft Of' roodificntiOfI 1..,( Mt)' informlUtoo ttnrrcill
uwll'lUl torntit\Jt(' 4; rcjCd.kla qf lm ofYu !)If" dICI Cl<utiUII of. «m:mc:wUv. ltw \ill'lltr"l !nay be .. i'I)':~ Itl multiple: :Jti·glmlb., all Q(
whkh ~'II:l' c::on:uit:un: ON! and th4 ~ iUlI'mmem:. mtd die ~ies.dope the w4l1d "SI:AI."lJ,m;idt; loki; *iO\/tiWfCl belo......

pad)'"

.,em.

.2 t. COMPtJT A TION OF OA Y'S.: IJnIeu otItt::fwiw prov~ fOr ~ cffbl~ CUPtt'l!Jll::t... I.b!! ferm ~My!$" _It nwan Ctwu,eCl1ti'le
clI.lrnru.r d.~. mciiJd!hI S"fwdll~,. S~)'S. 11M.! i".IOlidlf)l'f. WktHt tt'dcnJ. AAte. ~; ,)r !."gwm for til<: rmrJXllICf of C!UClllllitlllg
(hot. COllnl of -<bys.~ wll bc::gil'l OlJ lbe .fay fc:ttk'''';flS the day upotI .....tIidt .ny.u;t ,., »<'>tier .... pnlvt..'kd in lI1U cold'md .... WI
t¢quit-ed 10 be pc:rfttmed t'!1' ," -de.
......

dllYII.

B_,,« ~ II...,. ..J ll.. __ lIt.de _

.,....ec

Pl'"o•• '

UlIiIIItllIatioft

of 'lte f'~ ptwt' to tk

flIIaU_" of thu on'"".

THt~ NORl"H CA~Ol.j:-«A ASSOCiA nON Of REAL TO RS_. INC. Am> nUi M}R.lft CAROLINA BAR 1\ ~>SOC!A nON
MAKE 7-10 ,R.£PfU:::5 £:n A nON AS TO TIlE Lf.'(IAL VAf..fDtTY OR AI>liQUACV OF ANY I'R{JYISION OF H1)<; FORM !:'I
ANY SPECU1crRANSA(.."TION. iF YO(J 00 NOT UNDERSTAND THIS FORM OR FEEL THA r IT DOES NOT PROVIDE
HlR YOUR. tEG .... t Nf.EOS. YOU SHQ(;l.D CONSUl. r A 1'¥JRHI CAR.QLINA REAl. Ie.Xl i\ 116 A ITORNf:Y flEFOkE YOU
SIGN rr

....; / =L::... ~ . ::......2..-2.cQ...L~.

Buy"" ---.-·.2>o:;..Jt;#f;;''a..:;{.f}!i;.,...{·-q~REAJ.)
. ..
\If 8
STANDAan FORM!.-f
l{ ~ ... t~«I 11l00;l
1(1.""

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Case 6:07-cv-00608-ACC-DAB Document 258-5 Filed 08/11/10 Page No. Case206:07-cv-608-0rl-22
Case 15 of #: PageID 2746
Borrower Dennis J. & Virginia B. Schneider
Property Address 165 Knoll Top Road
City Robbinsville
County
Lender/Client Shutts & Bowen LLP

Graham
Address

State

NC

28771

Zip Code

~~W

Irnel:

rJ.PHJ\ fHVlRUtMJHAL :;r;YHiCl

lllllllililllll
Mr, Gn:g Iliweil(

«24 Karls (~ Road
Marietta CiA JOO6S

n. 2004. 1m Alpha F..:uvimn:metlt.lll SciCllCX'3, tnc.

lm

r:ttdD:y~ (~
rt."ft:rerl'*~ projet..'1 site.

reclum':ltUi visited t.h<: IIbnvt!

100 «:clJnlcian pe.di:)rmed ~ hand aul,>et''-l Wlm d).1l..iUrric t:\HtC pcn~t('\m<::t.:r
~ 8uod an the M.nd Ill.lJP' ~ Alpha bas ~nincd thllt t:l:Jc ~ be:mng ~Ity of the
~ smhs to be 2000 psi. ~y eight teet of tbe: ~ttt ~B to he l\~ flU: U:wf<!lmt::.
Ihc ~ buildina should be ~ ,., tt.a the f~ m C'AlUide of the fiB area !)t'
foundation c:u;;avntiQlfl. $hoold be cl'rri-cd bitclr; to natt.nl unamufbed ooil.<i.
She'uld you bwc 'IfiDY ip;~ or ffCIeId IIdditillOlll i~oo.. do not ~rtatt: ttt aUI IT!C, We would
be happy 10 usist you in tbe COIJ5tructioo phase (lfthe building pha.....e. Attached IS a Dr'OChure
f!U~ IJUf' awilftlbJe saYi.~

~~!)

M4toro, P(j
(iecOOgistlOivision Jv~

~tma!

P'ROf"P$!·IIJNt\i. FN'/lRGl'JMEN'!
f"''''.rftt.4¥l'·it~,: .s.nt1tf"~ t~t'f9!t'!d~>x.i ;~J :4J~

("f'J'I<J.,61Jt 0!1k:'f!:

A. P'l"It {.)ftk.i!' Soll(;1 J
• 11m'!} 4i,2:44') I F,n (~~al 'b2-7fl76

J6'J [lI-UWt,lo& Rd., ih.cIldilljt

,,·.,W.""""'. t...C

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Case 6:07-cv-00608-ACC-DAB Document 258-5 Filed 08/11/10 Page No. Case206:07-cv-608-0rl-22
Case 16 of #: PageID 2747
Borrower Dennis J. & Virginia B. Schneider
Property Address 165 Knoll Top Road
City Robbinsville
County
Lender/Client Shutts & Bowen LLP

Graham
Address

State

F&R did not perform a Geotechnicol Engineering Study fot chis praJe(t.

NC

28771

Zip Code

(Jllr evaluotion WI15

pNformed lJsinl) ViSW.11 Qb~':1VatU:ms. This i?Voluat'lon has /lot evaluated che det>p/~( wbswfoce

fOolls ami rock in relation fo foondatlofl pertarmrmcf?
Of

01

/u(!J(<! toto( alld dE/jereMial :,t:nlem~>nf

slope' stability.

;

I

F&R appreciates the opportunity to be of service to you, and if 'Iou h.lv(~ allV I~uestfons. please

call.
Rcspectfulfy submlttl.oQ,

Froehn." and Robertson. Inc..

~o... \JYY) O-J}OI),
r. Wideman, EJ.

Mic.hn~

Branch Manager

~tJClrt'S

:,-

ZA-09

.'!t /'lowen, lIP

fJliIll>.-bjrn

,w. . ,'fll

165 KIl<tiI f(.'1J "<tad
.way!:_ l r(19

,'077

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Case 6:07-cv-00608-ACC-DAB Document 258-5 Filed 08/11/10 Page 17 of 20 6:07-cv-608-0rl-22
Case No. Case #: PageID 2748
Borrower Dennis J. & Virginia B. Schneider
Property Address 165 Knoll Top Road
City Robbinsville
County
Lender/Client Shutts & Bowen LLP

Graham
Address

State

NC

28771

Zip Code

,

slope.
The cut slope

;)t

the bad: of the h(tIJ~.e i~ showing '.ome signs of erosion (sf~e photo ;15) Just

above the cut slope is the devetopment ac.ces'S (oad calied Knoll Road. Knoll Road is showing

signs of cracking and potential settlement at an area above the hOUSt~ driveway
approxlmatelv 75 fee{ in length {see photo #6). In additton, tso~ted
driveway shQwed signs of l<rOSlon (Sf!+! photo's.
It is our opinion that the

3'C;}S

,

,Hld

along the entrance

In and #8).

s.tope at the front of the house trom the driveway ;Jrea past the

southwest oorner of the hoose, and the sectton of knon Rood sh<)Wing sIgns of cracking,. should
be (emediated in order to prevent -:;Iope failur'e. One method of remediation 15

it

method c.alled

:

-;oil "amng whith requlr-e:s a )Pt~l<lliled tOntf3ctor who will ariU and grout mf~tal mds into tfH'
side of the slope in order to stabilize the stope and prevent 'lilope failure< Ustl·d b.;:jow Me' two

conta<:ts for companies that perform !).oil naiung.. AdditKmaf Contiat1Ol'S could tw provided upon
request.

Wursfer Engineering & Constructit»l, Inc.
Daryl Wurster, PE. President
MobUe: 864-313-2334
Office: S().1·6l7·1T51
~~~Ufst~U.ns:£.«?l!!

SoU Natllaunchf!f Inc
Keith Be1idcf
Celf: 33.6·462·6242
Office: 97()"21(} 6170
'!,IWw.suilnailll!!:!!!fhcG.,<;()1Tl

Th\' cut s'ope at the back of the house and the e'roslon areas along the drivftway, at a minimum.
:;hould he rernedktted by pl<tcmg erosion control matting such as jutP Illat with p,ras.s seed or

hydro--~am8 with a ,"ukh. se-ed. and fenifttp.f combination" We would recommend that the

I.)ken .

u.s "'wi! r.,p RO/Jd

.Vlu'N&~ItHP

fA."v

".>S1t f'trJf(!'C.t No.' Jljl. fll41J

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Case 6:07-cv-00608-ACC-DAB Document 258-5 Filed 08/11/10 Page 18 of 20 6:07-cv-608-0rl-22
Case No. Case #: PageID 2749
Borrower Dennis J. & Virginia B. Schneider
Property Address 165 Knoll Top Road
City Robbinsville
County
Lender/Client Shutts & Bowen LLP

@

Graham
Address

State

NC

Zip Code

28771

FROEHLING.& ROBERTSON, INC.
f:ngin!?t;ring • Fnvironmentill .. Gf,otechnic;j!
503 SW(!Oti.10 Cro;l"!k Indu'>trlal Park A ...twvlHe. North f"nmt!fl;t ifH:\\F~

T 828]740142 I r B2B 274.l';Yl1

Illel

May 71, 2009

Shutts & Bowen. UP
Mr. Mk:hael Gore

P O.

[;OX

4956

Or1ando. Ftorida 3180]
Re;

Site Observations and RKommendations
165 Knoll Top Road

Graham County, North Carolina
f&R File No.: 1OIA)027

Fl'o€hling

and

Hoberuon.

Inc.

(F&R)

is

pleased

to

our

pn;sf>lH

ob.serv<1tl0m

dnd

During this datE!' a member of our engineering ~tatf visited the r!?fer~m:.:ed prolect to oost'fve
,emd do,um(~nt sih'~ conditif.H'I".

The

resid~ntjal

2-51,ory wood framed home has a footprint .area of

appro)(lmat~ly

1,168 !f,quare

feet (34 feef by >2 feet) with a Map-Slock-lot number of 6602.01).00·5040133 according to the

provided Deed records. The

nCJflle

was constructed approximatelv :;

'(eilf'S

ago, Con.struction

plans for the building and lospi?«:tion document.ation WNC not ullail.<;tbJe during this
IflV1:!Sfigal ion.
fhe house was visUi!l1y tn!>pected on the in So/de and outsIde to identtfv signs oJ settir!m(ml or

:.tructural damage. ThefE! weft! no visible signs of settlement or stlucwral damage tnside the
house. Our inspection was confined to accessible portions of the house only. At the front of the
house .tt the southwe-:st comer there afe signs of movement at the exterior concn~t(~ slab. Ir.

photos Ifl and Ifl, it appears that the slah is be'lrlng on hll malenal

iHlrl

i', moving aW;i!Y from

the our:side wall of the house and there is some notf:(i cracking in the nmtheast

fo be eroding and in the proc(~s.s of underrmrdng the (fH1crete

~ttlement

in the driveway asphalt

\lIRGtNIA • NORTH CAROUNA •

p4~nt

(OfTIer

uf the

~Iilb (~.ce photo 1l3).

with dsphak cradling (SE'e photo :14) from the

soum CAROLINA. MARl1.AND •

OISTRKT OF COLUMBIA" EASTERN EUROPE

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Case 6:07-cv-00608-ACC-DAB Document 258-5 Filed 08/11/10 Page No. Case 20 PageID 2750
Case 19 of #: 6:07-cv-608-0rl-22
Borrower Dennis J. & Virginia B. Schneider
Property Address 165 Knoll Top Road
City Robbinsville
County
Lender/Client Shutts & Bowen LLP

Graham
Address

State

NC

28771

Zip Code

04/1512009 US.52

1111 11111111111

111111111111111

MI. Greg ?i~ii:
4424 JCads Gitc ROId
Marietta GA lOO63

On Friday. <.k:tobcr 21. 2004. an Alpha 1:1,.nvi.n.mmcmUIJ ~, Inc. tedtruCUUl vi.srted the abcwe
~ project.de. 1'be tcelmiet4n pc:tfOtmed $eVen hand angers with dynrunlc cone penetrometer
te5lina. 'Rued Oft the band auger rCsuIts. Alpha ba:s deCm:miDtJd that the desip bearing t"~ity of the
subgrade soib to be 2000 psi. Approxirrutll:;ty eight feet "fthe Stte Ilppean to be loose lill thcrefnn::.
the ~ building lSbould be mtWdcd lfC thltt the ~ l!'> oot:fide of the fiU :uea or
faundmion excavations 'Should be carried ~ to natlJil1ll undisturbed s01ls

Should you hfnte my ~ or ocod additiooal i.nf~ do not he:sitab: to call me. We 'WOuld
be lwppy to ~ you in the oom.t.ruetion phase of tbe building pb.ue Attached is 1\ brochure
suflUJl1U"i:liogOUT available ~

Rep O. Moore. PO
Pmf'ea;ioul OeoJcgistlDivislon Manager

_ _IIIIIIIIl_ _ _ _. . . . . . . P'ROFESStONAL k'NvtRONMRNi At O)!'..;SVLTINf'; _ _ _ _ _ _ _ _ __
En.'l"_'nt'!l' Mtt'fr>/S PrOf'lJnt by Alpha w..rl<nrftr.t :'''<iftCl'", !'.~

c"..,.,"',. 0ff_

:;<,:7t~llw.mtl Rd., RuiJdiugA,

U1UJUNllpha..7fUllflf1 OJfff

t'(J.$tOlfut'Bo:,,:n
W!lyru~vlll..!, Ne ~ • (Ir'-S} 452·3449/ Pu (f.l2/:t) 45l·1lf.18

Juofr ..

·?'!)CmU'ltcy P:az<1. DDn
Grel!l'. 5t~ 2%Si·.e244 • (&.6"i d71

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ian:ptfj.H 1~!\.·(1

. 1-"" (W<4) "i7.#.l'\

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File
Case 6:07-cv-00608-ACC-DAB Document 258-5 Filed 08/11/10 PageNo. of 206:07-cv-608-0rl-22
20 SchneiderPageID 2751
Case No. Case #:
Borrower Dennis J. & Virginia B. Schneider
Property Address 165 Knoll Top Road
City Robbinsville
County
Lender/Client Shutts & Bowen LLP

Graham
Address

State

NC

28771

Zip Code

57 fi:'ct

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Case 6:07-cv-00608-ACC-DAB Document 258-6 Filed 08/11/10 Page 1 of 2 PageID 2752

EXHIBIT

I

"C"

Case 6:07-cv-00608-ACC-DAB Document 258-6 Filed 08/11/10 Page 2 of 2 PageID 2753

NORTH CAROLINA
GRAHAM COUNTY
AFFIDAVIT OF PUBLICATION
Before the undersigned, Nancy Waldroup, a Notary Public of Graham County
and North Carolina, duly commissioned, qualified and authorized by law to administer oaths, personally appeared, Barbara Bonnette, who, being duly sworn,
deposes and says: that she is the Typesetter of The Graham Star, engaged in
the publication of a newspaper known as The Graham Star, published, issued
and entered as periodical mail in the Town of Robbinsville, in Graham County,
in the state of North Carolina. That she is authorized to make this affidavit and
sworn statement: That the notice or other legal advertisement - a true copy of
which is §ched hereto - was published in The Graham Star on the following
dates
•
:lo
and that The Graham Star in
which such no ce, paper, document or legal advertisement was published was,
at the time of each and every such publication, a newspaper meeting all of the
requirements and qualifications of Section 1-597 of the General Statutes ofNorth
Carolina and was a qualified newspaper within the meaning of Section 1-597 of
the General Statutes of North Carolina.

S)

to

·
:.
ft 11
T hIS _......::~ t~\
______ day of _ _
U4J"--,,-,=,,,c..:::..V\~_' 2010.

J

f3c&4~ gdJn~~
Barbara Bonnette

~+h

Sworn to and subscribed before me this _ .~'--__ day of
...
2010.

.U ~l'1J W<l.9J~
fJ ~~

(Notary Public)

rvly commission expires

~~ ,

:1:)

n.. ~

~

Case 6:07-cv-00608-ACC-DAB Document 258-7 Filed 08/11/10 Page 1 of 2 PageID 2754
UNITED STATES DISTRICT COURT
MIDDLE DISTRICT OF FLORIDA
ORLANDO DIVISION
CASE NO.: 6:07-cv-0608-0RL-22-DAB
SECURITIES AND EXCHANGE COMMISSION,
Plaintiff,
-v.

AQUACELL BATTERIES, INC. and
MICHAEL J. NASTE,
Defendants,
AQUACELL BATTERIES FLORIDA, INC.,
ETERNERGY, INC.,
GAMING SOFTWARE, INC.
(f/k1a BET-NET ENTERPRISES, INC.),
GAMING SOFTWARE INTERNATIONAL,
GODFATHER'S INC.,
MIGHTY MUSCLE CARS, INC., and
HOLLYWOOD MOVIE HAIR PRODUCTS, INC.
Relief Defendants.

)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
/

---------------------------------------

ORDER GRANTING RECEIVER'S MOTION FOR CONFIRMATION
OF PRIVATE SALE OF REALTY
(165 KNOLL TOP ROAD, ROBBINSVILLE, NORTH CAROLINA)
This matter came before the Court on Receiver, Michael L. Gore's Motion for
Confinnation of Private Sale of Realty (165 Knoll Top Road, Robbinsville, North Carolina)
('~Motion")

[DOC _ _ ]. UPON CONSIDERATION of the Motion and being otherwise fully

advised in the premises, it is hereby

ORDERED AND ADJUDGED that:
1.

The Motion is GRANTED.

2.

The sale by the Receiver to Dennis J. Schneider and Virginia Schneider

(,'Buyers") of the following parcel of realty, 165 Knoll Top Road, Robbinsville, North

Carolina~

EXHIBIT
10

I

"D"

Case 6:07-cv-00608-ACC-DAB Document 258-7 Filed 08/11/10 Page 2 of 2 PageID 2755
Legal Description recorded in Book: 00281, Page 0179, Graham County Official Records (the
"Property") is confinned pursuant to 28 U.S.C. § 2001.
3.

The Receiver shall satisfy the costs and expenses of the sale (including brokerage

fees and prorations for property taxes and insurance).
4.

Because the Buyers of the Property are not parties to this action and have no

continuing role in this action, there is no just reason to delay issuance of a Final Judgment
regarding such sale of realty. Accordingly, this Court expressly directs that a Final Judgment
Confinning Receiver's Sale of Realty be issue simultaneously herewith.
DONE AND ORDERED in Chambers in Orlando, Florida this·

- - - day of

- - - - - - 2010.
DAVID A. BAKER
UNITED STATES MAGISTRATE JUDGE
Copies furnished to:

All Counsel of Record

11

Case 6:07-cv-00608-ACC-DAB Document 258-8 Filed 08/11/10 Page 1 of 2 PageID 2756
UNITED STATES DISTRICT COURT
MIDDLE DISTRICT OF FLORIDA
ORLANDO DIVISION
CASE NO.: 6:07-cy-0608-0RL-22-DAB
SECURITIES AND EXCHANGE COMMISSION,
Plaintiff,
-Y.

)
)
)
)
)

AQUACELL BATTERIES, INC. and
MICHAEL 1. NASTE,
Defendants,
AQUACELL BATTERIES FLORIDA, INC.,
ETERNERGY, INC.,
GAMING SOFTWARE, INC.
(f/k/a BET-NET ENTERPRISES, INC.),
GAMING SOFTWARE INTERNATIONAL,
GODFATHER'S INC.,
MIGHTY MUSCLE CARS, INC., and
HOLLYWOOD MOVIE HAIR PRODUCTS, INC.
Relief Defendants.

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FINAL JUDGMENT CONFIRMING RECEIVER'S SALE OF REALTY
(165 KNOLL TOP ROAD, ROBBINSVILLE, NORTH CAROLINA)
This matter came before the Court on Receiver, Michael L. Gore's Motion for
Confinnation of Private Sale of Realty (165 Knoll Top Road, Robbinsville, North Carolina)
("Motion") [DOC _ _ ]. By Order Granting such Motion [DOC_ _ ], this Court confinned the
Receiver's sale of a parcel of realty located at 165 Knoll Top Road, Robbinsville, North
Carolina, pursuant to 28 U.S.C. § 200] and expressly directed, pursuant to Rule 54(b),
Fed.R.Civ.P., that Final Judgment be entered because there is no just reason to delay.
Accordingly, this Court issues this Final Judgment Confirming Receiver's Sale of Realty, for
which let execution issue forthwith.

EXHIBIT
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"E"

Case 6:07-cv-00608-ACC-DAB Document 258-8 Filed 08/11/10 Page 2 of 2 PageID 2757
ORDERED AND ADJUDGED that:

1.

The Receiver, Michael L. Gore, was authorized to sell the following parcel of

realty: 165 Knoll Top Road, Robbinsville, North Carolina; Legal Description recorded in Book:
00281, Page 0179, Graham County Official Records (the HProperty"), more fully described as
follows:
Lot B-3, Stecoah View Subdivision, Stecoah Township, Graham
County, North Carolina, as described and conveyed in the deed
dated December 12, 2005, from Stecoah Vista, LLC to Trophy
Group, Inc., said deed being recorded at Deed Book 263, Page 389,
Graham County Registry of Deeds. Being the same real property
purported to be conveyed in the deed dated April 19, 2007, from
Trophy Group, Inc. to MWH Investments, LLC, said deed being
recorded at Deed Book 281, Page 179, Graham County Registry of
Deeds
2.

This Court has issued an Order granting, pursuant to 28 U.S.C. § 2001, the

Receiver's Motion to confirm the sale of the Property.
3.

Accordingly, a Final Judgment is entered confirming the Receiver's sale of the

Property.
4.

This Court shall retain jurisdiction to enforce the terms of this Final Judgment.

DONE AND ORDERED in Chambers in Orlando, Florida this

day of

- - - - - - 2010.
DAVID A. BAKER
UNITED STATES MAGISTRATE JUDGE

Copies furnished to:

All Counsel of Record

ORLDOCS I I !S98588 3

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