Ext. Valle Colinas, Arecibo

Lujan Developers, Inc.

Popular Mortgage

INFORMATION AS OF 09/16/2003

PROPOSED SUBDIVISION COMPOSED OF ONE STORY SINGLE FAMILY DETACHED RESIDENTIAL UNITS. LOCATED IN SR# 635, KM 0.3, DOMINGUITO WARD, ARECIBO MUNICIPALITY; OFF LESS THAN 1.5 MILES SOUTH FROM STATE ROAD# 22. THERE ARE NO APPARENT ADVERSE FACTORS WHICH COULD AFFECT THE SUBJECT'S MARKETABILITY. STABLE PRICES DEMONSTRATE AN ADEQUATE MARKET DEMAND FOR THIS AREA. THE PROJECT CONFORMS TO THE SURROUNDING DEVELOPMENTS. SUBJECT PROPERTY IS AT A REASONABLE DISTANCE FROM ALL THE NECESSARY SUPPORTING FACILITIES INCLUDING SCHOOLS, SHOPPING, RECREATION, AND EMPLOYMENT CENTERS. OWNER OCCUPANCY IS PREDOMINANT.

OVERHEAD HIGH-VOLTAGE TRANSMISSION LINES VISIBLE NEAR PROJECT SITE. NO DWELLING OR RELATED PROPERTY IMPROVEMENT MAY BE LOCATED WITHIN THE ENGINEERING (DESIGNED) FALL DISTANCE OF ANY POLE, TOWER OR SUPPORT STRUCTURE OF A HIGH-VOLTAGE TRANSMISSION LINE, RADIO/TV TRANSMISSION TOWER, MICROWAVE RELAY DISH OR TOWER OR SATELLITE DISH (RADIO, TV CABLE, ETC). THE PROJECT ENGINEER MUST CERTIFY WHICH PROPERTIES, IF ANY, ARE AFFECTED BY THIS CONDITION, AND SUCH, THESE PROPERTIES WILL NOT BE ELIGIBLE FOR HUD PROPERTY INSURANCE.

OMAR MONTALVO, CRA, MBA