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<br />m 1 E192 -American Society of Farm Managers and Rural Appreisers, Inc.
<br />7f Ul`J 4'1'L~'Mr
<br />..:: .: `. .. Assumptions & limiting Conditions..
<br />1. The Appraiser assumes no responsibility for matters of a legal nature attesting the property appraised or the title thereto, nor does the
<br />Appraiser render any opinion as to tide, which is assumed to be good and marketable. The property la appraised as though under
<br />responsible ownership.
<br />2. Sketches In the report may show approximate dimensions and are Included only to assist the reader in visualizing the property. The
<br />Appraiser has made no survey of the property. Drawings and/or plats ere not represented es an engineer's work product, nor ere they
<br />provided for legal reference.
<br />3. The appraiser is not required to give testimony or appear in court because of having matle the appraisal with reference to the property
<br />in question, unless arrangements have been previously made.
<br />4. Any distribution of the valuation in the report applies only under the existing program o1 utilization. The separate valuations of
<br />components must not be used outside of this appraisal end ere invalid if so used.
<br />5. The Appraiser has, In the process of exercising due diligence, requested, reviewed, end considered information provided by the
<br />ownership of the property end client, and the Appraiser has relied on such information and assumes that there era no hidden or
<br />unepparent conditions of the property, subsoil, or structures, which would render it more or less valuable. Tha Appraiser assumes no
<br />reaponsibiliry for such cortdAions, fa engineering which might be required to discover such factors, or the cost o1 discovery or
<br />correction.
<br />6. While the Appraiser has inspected the subject property end has considered the information tleveloped In the course of such
<br />Inspection together with the Information provided by the ownership and client, the Appraiser is not qualified to verity or detect the
<br />presence of hazardous substances by visual inspection or otherwise, nor qualified to determine the eNecL if any, of known or unknown
<br />substances present. Unless otherwise stated, the final value conclusion is based on the subject property being free of hazardous waste
<br />contaminetione, and it is specifically assumed that present end subsequent ownerships will exercise due diligence to ensure that the
<br />property does not become otherwise contaminated.
<br />7. Information, estimates, end opinions furnished to the Appraiser, and contained in the report, were obtained hom sources considered
<br />reliable and believed to be true and correct. However, no reaponsibiliry for accuracy of such items furnished the Appraiser can be
<br />assumed by the Appraiser.
<br />8. Unless specifically cited, no value has been allocated to mineral rights or deposits.
<br />9. Water requirements end information provided has been relied on end, unless otherwise stated, it is assumed that:
<br />a.) All water rights to the property have been secured or peAected, that there are no adverse easements or encumbrances,
<br />and the property complies with the Bureau of Ftaclamation or other regulations;
<br />b.) Irrigation and domestic water and drainage system components, including distribution equipment and piping, are real
<br />estate fixtures;
<br />e.) Any mobile 5urfece piping or equipment essential for water distribution, recovery, or drainage is secured with the title to
<br />real estate; and
<br />d.) Title to such property conveys with the lend
<br />10. Disclosure of the contents of this report is governed by applicable law and/or the Bylaws end Regulations of the professional
<br />appraisal organisation(s) with which the Appraiser is affiliated.
<br />t t. Neither all nor any pert of the report, or copy thereof, shall be used for any purposes by anyone but the client speci}ied in the report
<br />without the written Consent of the Appraiser. This report was prepared for the client's use et the dlent's sole dlseretlon within the
<br />framework of the function stated in the report and its use for any other purpose is beyond the scope contemplated in the appraisal.
<br />12. Where the appraisal conclusions are subject to satisfactory completion, repairs, or alterations, the appraisal report and value
<br />conclusion are contingent upon cxmpletion of the improvements in a workmanlike manner consistent with the plans, specifications
<br />and/or scope of work relied upon in the appraislal,
<br />13. Other Contingent and Limiting Conditions:
<br />See Multi-Purpoee Addendum for Federally Related Transactions in the addendum.
<br />Thlf bim muff be wmpleted by a pnNefflonel apprelxr, who should datertnlna Mf fultabllly M fpsclflc apolutbn. Tha penonf af,o hM confdMrted to the Oswlopmenl or
<br />publlfhing d ihlf bnn and the ASFMRA meMe no nprsfsntetlonf a wemntlm ea to xa fukeblllty or life; Ityy shall nal W Ilsble br any anon or mlueprefentelbnf a br IncldeMW,
<br />confpueMW, a any other Oemege resuking hom the Nmlfhing, completbn, or life of this brm. Tha ASFMnA rxommendf thel the 1882 Uniform Agdcuxural Apprsbel Repel
<br />(UAAfiJ Guidebook be used for wmplatlon d Ihb tam npod. Changaf to fhb brm mny be msds W the ASFMRA al any lime, wtlliwul nollu. Tha'Sellanl Fact Page ; ehen wed u e
<br />date fummary fepruately hom the UAAR pecbge, If nol to be wnatrued u en epprebel.
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