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Statement of Assumptions and Limiting Conditions (Cant...) <br />16. The appraiser accepts no responsibility for the existence or discovery of liens whether presently existing or hereafter <br />arising on account of any indebtedness or liability to the state in which it is located or to the EPA with regard to hazardous <br />waste. <br />17. In this appraisal assignment, the existence of potentially hazardous material on site used in the construction or maintenance <br />of any building on the property, such as the presence of urea formaldehyde foam insulation, asbestos in any form, and/or <br />the existence of toxic waste, or Radon gas, which may or may not be present on the property, has not been considered. The <br />appraiser is not qualified to detect such substances. The client is urged to retain an expert in this field. <br />18. In the event this valuation involves new construction, rehabilitation, conversion, or any other manner of change, <br />improvement, or addition, the value if reported on an "as completed" basis, is subject to the total and full completion of the <br />project described, in a first class manner, and in frill and substantial compliance with the plans, descriptions, and/or <br />specifications fumished to us. Such completion is assumed to be within a reasonable time from the date of the report, <br />barring the intervention of catastrophe, strikes, government actions, or the effects of any other force majeure, in which <br />event a revision of this report would be required. <br />19. In the event this report deals with feasibility, competent management of the project is assumed. <br />20. No representation is made as to compliance with plans or specifications. The appraiser assumes no liability for deviations <br />from construction specifications. <br />21, The appraiser undertakes this assignment with the specific understanding that there is no third party beneficiary to the <br />contract between the appraiser and client. <br />22. The appraisers' estimate of "Fair Market Value" is valid only for date specifically set forth in the report, no responsibility <br />can he assumed for social, economic, physical, or governmental actions that may occur after that date which would result <br />in change in market conditions, and therefore affecting appraiser's estimate. <br />23. The Americans with Disabilities Act (ADA) became effective on January 26, 1992. The appraiser has not made a specific <br />compliance survey and analysis of this property to determine whether or not it is in conformity with the various detailed <br />requirements of the ADA. It is possible that a compliance survey of the property, together with a detailed analysis of the <br />requirements of the ADA, could reveal that the property is not in compliance with one or more of the requirements of the Act, <br />if so, this fact could have a negative effect upon the value of the property. Since this appraiser has no direct evidence relating to <br />this issue, there has been no consideration for the possible non-compliance of ADA requirements in estimating the value of the <br />property, except as supported by the market. <br />S.P. 7102-135RW C.S. 7102 (10=3) 902 Parcel 7102-902-229C Page 51 <br />