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1999-04-28
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1999-04-28
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Entry Properties
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11/18/2011 2:27:12 PM
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12/21/2009 2:01:42 PM
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work file. The use of this report is limited as follows: (a) to the client named herein and (b) for the specific use stated. Use by <br /> unintended users (anyone other than the client for the specified use) is prohibited. <br /> 17. Market value is defined as: "the most probable price in terms of money, which a property will bring in a competitive and open <br /> market under all conditions requisite to a fair sale, the buyer and seller each acting prudently, knowledgeably and assuming the <br /> price is not affected by undue stimulus." Implicit in this definition is the consummation of a sale as of a specified date and the <br /> passing of title from seller to buyer under conditions whereby: 1.) Buyer and seller are typically motivated. 2.) Both parties are <br /> well informed or well advised and each acting in what they consider their own best interest. 3.) A reasonable time is allowed for <br /> exposure in the open market. 4.) Payment is made in terms of cash in United States dollars or in terms of financial arrangements <br /> comparable thereto; and 5.) The price represents the normal consideration for the property sold unaffected by special or creative <br /> financing or sales concessions granted by anyone associated with the sale, or creative terms, services, fees, costs or credits <br /> involved in the transaction. <br /> 21 <br />
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