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4„ <br /> The Valuation Process continued <br /> 2. gathered information on comparable sal •y p es, researched data files and examined past <br /> sales. <br /> .3 confirmed and analyzed the data and <br /> r}. Y applied the Sales Comparison Approach. <br /> .r <br /> `= 4. spoke with members of the real estate comm <br /> unity, including brokers and other appraisers. <br /> n' <br /> They also provided information to assist us in the valuation :anon of the subject property. <br /> rc <br /> } <br /> This appraisal does not include an value forequipment, ' •Yinventory or business enterprise. <br /> t: This appraisal has been completed under • • <br /> p the Hypothetical Condition that the total area of each <br /> x: of the three parcels in question (A, B an <br /> q d C on the site plan) are accurate. ` <br /> { <br /> There were no <br /> yr <br /> Supplemental Standards or Jurisdictional sdictio• <br /> nal Exceptions in this report. See the <br /> following.General Assumptions and Limiting Conditions section '`�� g con for further details regarding the <br /> ' scope of work. g g <br /> ,l <br /> �r <br /> ya GENERAL ASSUMPTIONS AND LIMITING CONDITION <br /> :�.. S <br /> The appraisers certification' 'nation presented in this appraisal report is sub' • 'pp p sect to the following conditions <br /> and to such specific and limiting conditions as are set forth ' <br /> jr g b the Appraiser in t • <br /> �r Y pp he report. <br /> 1. No responsibility is assumed for the legal description provided g p p ded or for matters pertaining to legal or title <br /> 9 9 <br /> considerations: Title to the property is assumed to be <br /> P �Y good and marketable unless otherwise stated. <br /> 2. The property is appraised free and clear of any <br /> y or all liens or encumbrances unless otherwise stated. <br /> {rr property mans 3. Responsible ownership and competent are <br /> . Y management g assumed. <br /> 4. The information furnished by others.is believed to be reliable <br /> , but no warranty is given for its accuracy. <br /> �/ • . Y <br /> Jh <br /> 4 5. All engineering studies are assumed to be correct. The illustrative <br /> materials in this report are included <br /> d only to help the reader visualize the properties. <br /> a 6. It is assumed that there are no hidden or unapparent conditions of the r <br /> #h` I • properties, subsoil, or structures <br /> that render it more or less v a uable. No responsibility is assumed for such conditions or for obtaining <br /> x the engineering studies that may be required to discover them. <br /> 7. It is assumed that the property is in full compliance with all applicable federa <br /> l, <br /> al, state and local <br /> 3 <br /> environmental regulations and laws'unless the lack of compliance <br /> I- . is stated, described and considered <br /> in the appraisal report. <br /> 15 '� <br /> h/ <br /> 1+ <br /> r 8. It is assumed that the property conforms to all applicable zoning•.I, pp g and use regulations and restrictions { <br /> unless a nonconformity has been identified, described and considered in th <br /> �f e appraisal report. <br /> 9. It is assumed that all required licenses certificates cates of occupancy, consents, and other legislative or <br /> administrative authority from any local, state, or national.govern <br /> ment merit or .private entity or organization <br /> have been or can be� obtained or renewed for any use on which the value estimate ' <br /> ate contained in this <br /> report is based. <br /> i <br /> t <br /> , 14 <br />