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GENERAL UNDERL\1NG ASSUMPTIONS <br />The legal description used in this report is assumed to be correct. <br />No survey of the property has been made by the appraiser and no responsibility is <br />assumed in connection with such matters. Sketches in this report are included only to <br />assist the reader in visualizing the property. <br />No responsibility is assumed for matters of a legal nature affecting title to the property <br />nor is an opinion of title rendered. The title is assumed to be good and merchantable. <br />Information furnished by others is assumed to be true, correct and reliable. A reasonable <br />effort has been made to verify such information; however, no responsibility for its <br />accuracy is assumed by the appraiser. All mortgages, liens, encumbrances, leases, and <br />servitudes have been disregarded unless so specified within the report. The property is <br />appraised as though under responsible ownership and competent management. <br />It is assumed that there are no hidden or unapparent conditions of the property, subsoil, or <br />structures which would render it more or less valuable. No responsibility is assumed for <br />such conditions or for engineering which may be required to discover such factors. <br />It is assumed that there is full compliance with all applicable federal, state and local <br />environmental regulations and laws unless non-compliance is stated, defined and <br />considered in the appraisal report. <br />It is assumed that all applicable zoning and use regulations and restrictions have been <br />complied with, unless a non-conformity has been stated, defined and considered in the <br />appraisal report. <br />It is assumed that all required licenses, consents or other legislative or administrative <br />authority from any local, state or national government or private entity' or organization <br />have been or can be obtained or renewed for any use on which the value estimate <br />contained in this report is based. <br />It is assumed that the utilization of the land and impr.j f ments is within the bou.ndaries or <br />property lines of the property described and that there vs .no encroachment or trespass <br />unless noted with the report. <br />"l^JL "uAr .1 k- ar* - «• ■»» 1 —- u.k ■rt--'A.«r . .