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The Valuation Process.- continued <br /> 2. gathered information on comparable sale <br /> s,es, researched data files and examined past <br /> sales. <br /> 3. confirmed and analyzed the data and <br /> Y applied the Sales Comparison Approach. <br /> r. pp <br /> s <br /> ` 4. spoke with members of the real estate co <br /> mmunity, including brokers and other appraisers. <br /> y They also provided information to assist us i 1 <br /> n the valuation of the subject properly. <br /> This appraisal does not include an value for equipment, ' <br /> Y q pment, inventory or business enterprise. <br /> a <br /> A This appraisal has been completed under the H ' • <br /> p Hypothetical Condition that the total area of each <br /> N of the three, parcels in question (A, B and C on t 'he site plan) are accurate. <br /> There were no Supplemental pp Standards or Jurisdictional Exceptions in this report. See the <br /> following.General Assumptions and Limiting ' ' p <br /> y p �t1ng Conditions section for further details regarding the <br /> • g g,. scope of work. <br /> GENERAL ASSUMPTIONS AND LIMITING CONDITIONS <br /> rx TIONS <br /> The appraiser's certification presented in this a rais • •pp al report is subject to the following conditions <br /> and to such specific and limiting conditions as are set forth b the Appraiser i •Y pp n the report. <br /> u <br /> pis_ 1. No responsibility is assumed for the legal description provided or for matters 'p pertaining to legal or title <br /> ' considerations, Title to the property is assumed to be good and g marketable unless otherwise stated. <br /> 2. The property is appraised free and clear of any or all liens or encumbrances unless Otherwise stated. <br /> �r 3. Responsible ownership and competent property mans ar P Y management g e assumed. <br /> 4. The information furnished b others.is believed t <br /> Y o be reliable, but no warranty is given for its accuracy. <br /> �< 5. All engineering studies are assumed to be correct. The illustrative materials in this re` port are included �ds only to help the reader visualize the properties. <br /> 6. It is assumed that there are no hidden or una arent conditions <br /> pp of the properties, subsoil, or structures ` <br /> •' #�` that render it more or less vaf uable. No responsibility is assumed for such conditions or for obtaining- the engineering studies that may be required to discover them. <br /> a <br /> °} 7. It is assumed that the property is in full compliance with all applicable <br /> regulations p pp able federal, state and local <br /> environmental re <br /> g o s and laws'unless the lack of compliance is stated, described and considered <br /> in the appraisal report. <br /> 4 <br /> }r 8. .It is assumed that the property conforms to all applicable <br /> pp zoning and use regulations and restrictions ' <br /> X ' <br /> unless a nonconformity has been identified, described and considered in the <br /> 4` <br /> appraisal.report. <br /> 9. It is assumed that all required licenses certificates of <br /> occupancy, consents, and other legislative or <br /> " administrative authority from any local, state, or national.government� g ernment or private entity or organization <br /> '�f •= have been or can be obtained or renewed for an <br /> h y use on which the value estimate contained in this <br /> 1+ report is based. <br /> �`' 14 <br />