ASSUMPTIONS AND LIMITING CONDITIONS

Any legal descriptions furnished are assumed to be correct.

We assume no responsibility for matters legal in character, nor do we render any opinion of title, which is assumed to be marketable. The property is appraised as though free and clear of liens and encumbrances, under responsible ownership, and competent management, unless otherwise stated.

Any property sketch in this report is included to assist the reader in visualizing the property. We have made no survey and assume no responsibility in connection with such matters.

Unless otherwise stated, it is assumed that there are no encroachments, zoning violations, or deed restrictions existing in the subject property.

Information, estimates, and options contained in this report are obtained from sources considered reliable; however, no liability for them can be assumed by the appraiser.

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 but the applicant without the previous written consent of the appraiser or the applicant, and in any event, only with proper qualification.

The division of land and land improvement values estimated herein are applicable only under the program of utilization shown. These separate valuations are invalidated by any other application.

We are not required to give testimony or attendance in court by reason of this appraisal, with reference to the property in question, unless arrangements have been previously made.

The values reported in this appraisal are applicable only to the property described herein and should not be applied to any property adjacent to, or in common ownership with the subject property. Unless otherwise stated, no soil samples have been made and the soil conditions of the subject property are assumed to be adaptable for the property's highest and best use.

Unless otherwise stated, no soil samples have been made and the soil conditions of the subject property are assumed to be adaptable for the property's highest and best use.

This report has been written in conformity with the standards of the Appraisal Institute.