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P <br />r <br />1 <br />L <br />0 <br />1 <br />11 <br />1 <br />MARKET VALUE DEFINED <br />The- most price ill terms Lit' money which a pi-opert y <br />wi i 1 Isr i ng ill it cornpe't it i ve and open loarke•t under sr 1 I c and i t ions <br />requisite toil fair sale_ thebuyer and riv1 ler, ea cli west ing; <br />prudently, knoir4�1_dgabIy and a tisuming Ilrr• prire i� not rici by <br />undue stimulus. <br />Itop IiciI ill thin def'irtition ira t.hc inn of, n stilt!, an <br />of a apeci.tied dattea and the pass int; of tit lc� t'rom sell Ier Co buyer <br />under condi1.ions where I)y: <br />I . I)uyc:r and sealIf! r it re t.ypica I I inot ► vat ed; <br />2. both parties are we] 1 informed or we] I aidvirtod and e;,ch <br />acting in what he considers his own best. interest.; <br />3. a rensonab le= time! is allowed for exposure in they open <br />rnnrket; <br />4. paymen.t. is made in cash or its equivaale:-t; <br />5. financing, if any, is on terms generally available in <br />the cornnuuniLy at. the speci fied date and typical for the <br />property type in its location; and, <br />6 the price represents a normal consideration for Lbe <br />property sold unatffecLed by speci.a.l financing amounts <br />and/or terms;, service's, feels, costs, or credits <br />incurred .in the transaction. <br />4 <br />