Trust Examiner School - September 2023

July 20, 2021

Page 7 of 12

Is the appraised value reflected in the trust accounting system? Yes Is the appraisal date shown in the price date field? Yes

Is the market value of the property included in the calculation of the account's fees? No Is a flat fee charged for the property? No Is the property leased? No Has the property been inspected in the last twelve months? Yes Are there any concerns about the condition of the property? No Are there environmental concerns? No

Real Estate - Vacant Lot (continued) Review Questions: Is the Trust's ownership of the property under review less than 100%? No

Has the property been appraised in the last three years? Yes

Does the market value of this asset represent more than 15% of the account's total market value? No Are insurance premiums current? Yes Has the adequacy of insurance coverage been reviewed in the last twelve months? Yes Is the insurance coverage adequate? Yes Is the property encumbered by a mortgage? No Are the real estate taxes current? Yes

Alerts (continued)

Account xxxxx