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(~ontingcnt and Limiting (~onditions Th is apprai sa 1 is suhj ect to the 1'0 llo\\' i ng contingent and !in1i ting conditions: l. 'fh] ~ is a ('onlp]ete ..\ppra isaL a~ it does not invoke the Depa11 ure Provision of the l J Ili fonn Standards of Professiona l /\ppra lsal Practice. It \\'as \vrittcn in SUll1111ary fornlat.. \vh iell is a synops is of the datJ~ reason ing~ Jnd analyses llsed to dCVL'lop the appraiser's opi nion of valuc~ specific to the needs of the client and for t he intended use st3ted i 11 th is report. No responsi bi 1 ity j s a~sunled tt1r its uJ13uthorized LIse. No departures \vcrc- i nvok~d in t h~ preparat ion of this appraisal frotll th~ gUld~l ines or Standard Rule 1 of the l~n i Conn Standards of Professional :\ppra 1 sal Pract ice. 1 .1'0 the degrce that the l.J n i fornl Standards of Professiona l ~~pprJisaI Practice and the lJ n i fonn .\ppralsal Standards tor Federal Land /\cquisitions C~OOO) vary~ the Jurisdictional Exception Provision ofl.JSP/\P applies. -rhis appraisal do~s not address unforeseeable events that could alter the nlarkt.~t cond it ions rellected in the ana lysis. -) . 'J'his rcpot1 is prepared for en,i nent d0111al n proceedings. The '~ane(~ section of this repot1 is pr~pared under the hypothetical condition that the take has occurred. The use of this hypothetical condition is required for purposes ofrcasonnblc ~na]ysis. resulting in a credible analysis of the '''after~~ state. This appra i sal does not address un foreseeable e\'ents that could a lter the tllarket conditions reflected in the a na I Y' s is. 4. 'fhe lcga 1 dc-scri pt ions Llsed in th] s report are assllllled correct. 'rhe a ppraiser has not C0l11p Ictcd a sur\"~y nor does she aSSUllle any responsihi lity for legal tl1attcrs~ \vhlch lllay' affect title to the property. 'I'hc- tit lc is ass lUlled good and nlerc hantahle. 5. J nfonnat ion (urn] shed b:y others is assu111cd correct and re liable. i\ reasonahle effort \vas lllade to \'crify this data~ ho\\,'('vcr~ no rcsponsibilit~y i~ a~sunled hy the appraiser for its accuracy. (~ . /\1 1 nlortgages~ I iens. encllnlbranccs~ ass("ssnlcnts~ Jnd servitudes have bL~Cn eli sregardC'd un less so spec i fied \\'i tl1 i n the report. ~rh(~ si tc is appr3iscd as though under responsible o\vnershi p. 7, It is assuJlled that t h~re are no hidden or apparent coneii tions of the soil or subsoi 1. \vhich \'v'ollld render it nlore or less valuable. ~o responslbi l ity i ~ aSSUIlled Cor sLlch conditions or for engi neeri ng~ \vhlch 111ay be required 10 discover thC1l1. x. It is assuJ11ed thal aJ 1 appl Icahle zon l ng and use regulat ions and restrict ions are in c0l11pliance ~ unless non-confOrtll i ty of use ha~ heen stated~ de fi ned, and considered in the appraisal report. l) Full CCllllpl iancc \\'1th all app] lea hle federa L state and local envi rOlllllenta I regulat ions and b.l \VS is assU111ed, unless othc'f\vi se stated i 11 th is repol1. 10. It is ackno\\'ledgcd that the date of the value estinKlte and the opinion of\'a]ue expressed in this rero~1 are those Set fort h in the letter of tranSll1ittaL 1 1 . No responsibility is assu111ed for an:,,? cnvironnlenlal conditions~ or for any expertise or engineering kno\v ledge requi red to discover lhen1~ si nee Slle 11 a deternlinatlon requires investigation by an CXPCl1 in the fie ld of ~nvi ronnlental aSSeSS111ent. ~rhc \"';}] ue estilllate is based on the 3SSUll1ption that there are no sue h 111aterial s on the parce L si nee the presence of cnvironn1ental condi tions I11a:-/ affect the value oft he S 1 t e ~ its 111a r k eta 11 i j it y ~ an tl../ n rut il it y . RM HOEFS & ASSOC1ATES 5