Okaloosa County BOCC — October 20, 2015 — 150238 CEW Range Signed w Addenda

HUMPHREY AND ASSOCIATES, INC. REAL ESTATE VALUATION AND RESEARCH Specializing in Undivided Partial Interests and Litigation Support Fort Walton Beach and Jacksonville APPRAISAL REPORT Vacant Land Three Parcels Grimes Avenue and Chappie James Road Crestview, Florida Grimes Frontage - View East Chappie James Frontage - View South SE Corner - View West H & A File № 150238 Effective Date September 21, 2015 Report Date September 28, 2015 © 2015 by Humphrey and Associates, Incorporated, a Florida for profit corporation. All rights reserved. No part of this publication may be reproduced, modified, rewritten, redistributed, either electronically or by any other means, without the express written permission of Humphrey and Associates, Incorporated.  APPRAISAL REPORT Assignment Information Property Identification: Client: 3 Parcels of Vacant Land Okaloosa County Sheriff Report Prepared By: Grimes Avenue & Chappie James Road Walter H. Humphrey, MRICS Crestview, Florida State-certified General Real Estate Appraiser No. RZ 1218 Owner of Record: Report Prepared For: Wingard Family, LLC (100% interest) Donald L. Adams, Undersheriff Humphrey and Associates, Inc. 50 2nd Street 906 Mar Walt Drive, Suite G Current Tax ID: Shalimar, FL 32579 Ft Walton Beach, FL 32547 18-3N-23-1800-0000-030F 850 862-0766 18-3N-23-1800-0000-030G H & A File No.: 150238 18-3N-23-1800-0000-030H Opinion of Value Date of Report Date of Inspection Effective Date of Appraisal Interest Appraised Opinion of Market Value September 28, 2015 September 21, 2015 September 21, 2015 100% Fee Simple $53,000 Purpose of Appraisal The purpose of this appraisal is to estimate the 100% fee simple estate interest in the subject properties as of the effective date of appraisal. Intended Use of Appraisal Report The understood intended use of this appraisal report is for purchase negotiations. This report is not intended or authorized for any other use.