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('ontingl?nt and Linliting C~()nditinns "rhi s appraisal is subject to tht.~ follo\vi ng conI ingent and Ii Illi ling condit ions: ] . -rh is is a (' OIllll lett /\ppraisaL as it does not i 11 \"ll ke the Departure Pro\'i~ion of the t.J l1i fOrJll Standards or Profes~iotlal ,:\ppralsal Practice. It \Vas \\Titten in SlUl1tllary fonllaL \vhich i~ a s:ynopsis of the dJta~ reasoning. and analyses used to dc\'clop the appr~iscr"s opinion ot\'alue. specific to the needs of the c bent and for t hL' intended use stated in t his report. No rcspons1 bd it!: 1 S a~sLlnled for its unauthorized uSe, No departures \\'erc invoked in the preparation of this appraisal fr01l1 the guidelines o r Standard R.ule I of the l.I 11 i fornl Standards 0 r Pro fessiona] ~-\pJlraisal Pract ice. ') .1"0 the degree t h3t the L..in i fornl Standards of Professiona I :\ppral sa l Pract ice and t ht.~ lJ n i Conn /\ppra 1 sa l Standards for Fcdcra l I.and /\cq ul sitions (2000 ) vary!. tht.~ J urisdict ional Except ion Pro\'islon of l..~SPl\P appllc~. 'I"his appraisal does not address unt(lreseeahle c"\"ents that could alter the Jnarkcl cond i t ions retlected in the ana]~/sis. This report i~ prepared for enlinent dOlllain procec"dings. The "an~r" section of this report is prepared under the hypothetical cundition that the take has occurred. The uSe of this hypothctic.:11 condition is required for purpose~ of reasonable analysjs~ resulting in a credible analysi~ urthe ~.anc(~ state. "rhis ~ppraisa] does not address unforeseeable- cy("nts that could alter the Illarket conditions renect~d in the anaJ ys is. 4. The legal descriptions used in thi~ report are assLulled rorrect. "rhc appraiser ha~ not conlpJet~d a suryey nor does she a~Sllnle any rt.~sponsi hi 1 i ty for legal [llatters~ \\.-hic h 111ay affect tit Ie to th~ property. 'rhe title 1 S assu111cd good and 111CrC hantablc. :;. I nfoflna t ion furnished by! others is aSSlHlled correct and rc 1 iablc. /\ rcasonah l~ effort \vas lllade to \'eri fy t his data~ ho\ve\\~r. no responsihi 1 it Y' i ~ aSSllll1ed by,' th~ appraiser for its accuracy. (). /\ I [ nlortgagcs~ I icns~ etlCUlllhra Ilces. aSScSSlllt."nts. and ~ervlt udes ha \\: be-en disregarded un less so ~peci fled \\'1 th i n the report. l~he sjte j s appra ised as though under responsihk' o\\'llcrshi p. 7. It is assu[l1cd that t here arc no hidden or apparent cond itions of the soi 1 or subsoi 1. \v hie h \\'oldd render 1t J110re or less val uablc. N () rcsponsi hil it:: is aSSUllll'd for sue h condit ions or for engi necri ng. \\'h ie h nlay' be required to disco\'cr t hclll. :-\, It lS asslllllcd that al] applicable zoning and LIse regulations and restrictions arC" in (onlpliance~ unless nun-coil forllli ty of use has been stated~ den ned~ and considered 1 n t he- appraisal report. 9. It is assullleo that there is no cllcrOaChrllent or trespass unless noted \vithin lhc- rL"port. I H Ll S t ra t i \" e 111 ate ria l san d p lot P l a n s are i n c ] II d e din t his re port 0 n I y t 0 ass i s t the rc ad e r 111 vis u a I i Z 1 n g the propcrt y" 10. Full cOlnpliancc \\"itb all applicable federal. state and locn! t?nvironlllenta] regulations and la\vs is assllllled, un less other\\' ise stated in this repo11. 1 I. It is ackno\,"[edgcd that the date oCthe value estlnlate and the opinion ofv31uc expressed in this rcpon arc those set COli 11 in the letter 0 f lranSIlli ttal. 12. No responsibility! is assuIllcd for any t:nvlronnlental conditions. or for any.' expcnise or engine~ring kno\v ledge- feq 111 rcd to di sco\\~r thenl, si nc~ sue h a deternll nation req II ires i t1\'cstigation by an c-xpert in the field of el1VirOnnlental aSSCSSI11cnt. 'rhc \"aluc cstlnlate i~ based on the aSSUll1ption that there are RM HOEFS & ASSOCIATES :;