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1 <br />' STATEMENT OF THE ASSIGNMENT <br />' The purpose of this appraisal is to estimate the fair market <br />value of the real estate herein described. "Market Value", as <br />' used in this study, is defined as follows: <br />' "The most probable price in terms of money which a <br />property should bring in competitive and open <br />market under all conditions requisite to a fair <br />sale, the buyer and seller each acting prudently, <br />' knowledgeably and assuming the price is not <br />affected by undue stimulus...." <br />' Source:Real Estate Appraisal Terminology, AIREA, 1981. <br />It is our understanding that this appraisal will be used as a <br />' basis for property disposition. <br />' PROPERTY RIGHTS APPRAISED <br />' The property rights appraised in this study are in fee simple <br /> ownership. No separate consideration has been given to any <br />' division of interest, fractional interests, partial <br /> interests, or the interests of tenants in possession. <br />1 <br /> DATE OF VALUATION <br />' <br /> The date as of which this estimate of value applies is <br /> <br />1 October 4, 1984. Data was collected and the property <br /> inspected during the preceding months. This report was <br />' assembled during the week of October 8, 1984. <br /> <br /> <br /> <br /> 2 <br />