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Disclaimer Statement In this appraisal assignment, the existence of potentially hazardous material used in the construction or maintenance of the building, such as the presence of urea -formaldehyde foam insulation, andfor the existence of toxic waste, which may or may not be present an the property, was not observed by this appraiser; nor does this appraiser have any knowledge of the existence of such materials on or in the property. This appraiser, however, is not qualified to detect such substances. The existence of utiea-formaldehyde insulation or other potentially hazardous waste material may have an effect on the value of the property. Clients are urged to retain an expert in this field if desired. Likewise, detection of ground contamination by toxic substances is a specialized field and must be undertaken by a specialist with the qualifications to make such determinations. If any concern exists, clients are urged to retain the services of such a specialist to make a determination of any potential ground contamination or similar conditions. Statement of Assumptions and Limiting Conditions The certification of the appraiser appearing in the appraisal report is subject to the following assumptions and limiting conditions and to such other specific and limiting conditions as are set forth by the appraiser which may appear within the body of this report. 1. The value reported herein is an opinion only and not warranted as, or a representation of fact. 2. The appraiser assumes no responsibility for matters of a legal nature affecting the property appraised or the title thereto, nor does the appraiser render any opinion as to the title, which is assumed to be good and marketable. The property is appraised as though under responsible ownership. 3. Any sketch in this report may show approximate dimensions and is included to assist the reader in visualizing the property. The appraiser has made no survey and assumes no responsibility in connection with such matters. 4. The legal description furnished is assumed to be correct. 5. Any distribution ofthe value within this report applies only under the program of utilization as outlined herein. The separate valuations of sections ofthe property must not be used in conjunction with any other appraisal and are invalid if so used. 6. It is an express condition ofthis report that the appraiser is not required to give testimony or appear in court because of having made this appraisal, and in reference to the property in question, unless arrangements have been previously made therefore. 7. All existing liens and encumbrances have been disregarded and the property is appraised as though free and clear under responsible ownership and competent rnanagemeni. S. This report is for the exclusive use of Mn/DOT. Possession of this report, or a copy thereof, does not carry with it the right of publication, nor may it be used for any purpose by any person(s) but the Mn/DOT without the previous written consent of the appraiser or the MaWT and then only with proper qualifications. Unauthorized transmittal of the report or its conclusion invalidates this report. 9_ Neither all, nor any part ofthe contents of this report shall he conveyed to the public through advertising, public relations, news, sales or other media, particularly as to valuation conclusions, identity ofthe appraiser or firm with which the appraiser is connected or any references to any professional organization with which the appraiser is connected without written consent and an approval by the appraiser. 10. The appraiser assumes that there are no hidden or unapparent conditions of the property, subsoil, or structures which would render it more or less valuable. The appraiser assumes no responsibility for such conditions or for engineering which might be required to discover such factors. 11. information, estimates, physical measurements, dimensions area and opinions furnished to the appraiser and captained in the report, were obtained from sources considered reliable and believed to be true and correct. However, no responsibility for accuracy of such items furnished can be assumed by the appraiser, 12. No percolation testing or engineering was conducted, It is assumed the site(s) is buildable. 13. All major improvements considered in this appraisal appear to he structurally sound unless otherwise noted in this report. However, not being a qualified engineer, the appraiser accepts no responsibility for structural or mechanical failures which would not be reasonably obvious in the scope of an appraiser's normal inspection. 14. The client specifically waives any claim arising out of financial loss due to structural defects in the property and admits that the appraiser's opinion is based on reasonably sound structural conditions. 15. The appraiser takes no responsibility for the detection of any violations related to conservation, pollution, environmental protection, zoning, subdivision regulations, building codes, or any other regulatory statutes, ordinances, by-laws, regulations or other legal constraints. S.P. 7102-135RW C.S. 7102 (10=3) 902 Parcel 7102-902-229C Page 50