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EXTRAORDINARY ASSUMPTIONS & HYPOTHETICAL CONDITIONS <br /> As stated by USPAP; <br /> Extraordinary Assumption: An assumption, directly related to a specific assignment, <br /> which, if found to be false, could alter the appraiser's opinions of conclusions. <br /> Appraised value makes the following assumptions: <br /> • The useable site area is around 0.75 acres (32,670 SF). <br /> • The continuation of the existing access arrangement across the subject property <br /> now and into the future. <br /> • Commercial development is permitted. <br /> If any of the above are found to be otherwise, value could differ. <br /> Hypothetical Condition: That which is contrary to what exists but is supposed for the <br /> purpose of analysis. <br /> None <br /> ASSUMPTIONS AND LIMITING CONDITIONS <br /> 1. The appraisers assume no responsibility for matters of a legal nature affecting the <br /> property appraised or the title thereto, nor do the appraisers render any opinion as to the title, <br /> which is assumed to be good and marketable. The property is appraised as though under <br /> responsible ownership and good management. <br /> 2. The furnished legal description is assumed to be correct. <br /> 3. Any sketch in the report may show approximate dimensions and is included to assist the <br /> reader in visualizing the property. The appraisers have made no survey of the property. It is <br /> assumed unless otherwise noted that no survey has been viewed and that all improvements <br /> are located within the legally described property. <br /> 4. The appraisers are not required to give testimony or appear in court because of having <br /> made the appraisal with reference to the property in question, unless arrangements have <br /> been previously made therefore. <br /> 5. The distribution of the total valuation in this report between land and improvements applies <br /> only under the reported highest and best use of the property. The allocations of value for <br /> land and improvements must not be used in conjunction with any other appraisal and are <br /> invalid if so used. <br /> 6. The appraisers assume that there are no hidden or unapparent conditions of the property, <br /> subsoil, or structures, which would render it more or less valuable. The appraisers assume <br /> no responsibility for such conditions, or for engineering, which might be required to discover <br /> such factors. <br /> 50 Nagell Appraisal&Consulting 1 952-544-8966 1 www.callnagell.com <br />