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<br />This appraisal has been made subject to certain limiting conditions and <br />assumptions as hereinafter expressed. Such facts and information contained herein <br />were obtained from sources that I consider reliable and are true to the best of my <br />knowledge and belief. <br /> <br />Information in this report was gathered from sources believed to be reliable, but <br />is not guaranteed. Possession of this report, or a copy thereof, does not carry with <br />it the right of publication, nor may it be used for any purposes, except that for which <br />it was requested without the previous written consent of the appraiser and, in any <br />event, only with property qualification. <br /> <br />The following report describes my method of approach, contains data gathered <br />in my investigation, and demonstrates my analysis in arriving at the estimate of <br />market value for the subject properties. <br /> <br />DED/kg <br />D&D File #: 23007 <br /> <br />Respectfully submitted, <br /> <br /> <br />Daniel E. Dwyer, President <br />Certified General Real Properties Appraiser <br />MN License #4001170 <br />