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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