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<br />...~- . <br /> <br />8. The market value herein assigned is based on conditions which are applicable as of the date <br />of the appraised value. This market value may be the same but also may vary at a later <br />date due to changing market conditions. It is the Appraiser's opinion that the subject <br />property would sell in an appropriate time period should it be offered on the open real <br />estate market at this time at about the appraised value subject to the appraisal assumptions; <br />but a guarantee of such sale is not implied or warranted. <br /> <br />9. Neither all nor any part of the contents of this report, especially any conclusions as to <br />value, the identity of the Appraiser or the firm with which he is associated, or any <br />reference to the Appraisal Institute shall be disseminated to the public through advertising <br />media, public relations or news media, sales media, or any other public means of <br />communication without the prior written consent and approval of the Appraiser. <br /> <br />10. This appraisal report and its contents must be regarded as a whole and any excerpts from <br />this appraisal cannot be used separately and if used separately, invalidates this appraisal. <br /> <br />11. <br /> <br />It is assumed that there is full compliance with all applicable federal, state and local <br />environmental regulations and laws unless in compliance is stated, defined and considered <br />in the appraisal report. <br /> <br />12. <br /> <br />It is assumed that all applicable zoning and use regulations and restrictions have been <br />complied with, unless a non-conformity has been stated, defined and considered in the <br />appraisal report. <br /> <br />13. <br /> <br />It is assumed that all 'required licenses, consents or other legislative or administrative <br />authority from any local, state or national gove=ental or private entity or organization <br />have beel). or can be ()ptained or renewed for any use on which the value estimate contained <br />in this report is based. <br /> <br />14. It is assumed that the utilization of the land is within the boundaries or property lines of <br />the property described and that there is no encroachment or trespass unless noted within <br />the report. <br /> <br />I <br /> <br />15. No environmental impact studies were either requested or made in conjunction with this <br />appraisal, and the Appraiser hereby reserves the right to alter, amend, revise or rescind <br />any of the value opinions based upon any subsequent environmental impact studies, <br />research or investigation. <br /> <br />i <br />I <br /> <br />16. Although their existence was not observed, hazardous materials, toxic waste or other <br />potential environmental concerns may have an effect on the value of the property. The <br />. appraiser is not qualified to detect such influences. <br /> <br />17. This appraiser assumes the site to be free of any and all environmental concerns. <br /> <br />6 <br />