07 Kammer EZ Request - Laserfiche WebLink

Home Browse Search

~ ~ Assumptions and Limiting Conditions This is a Summary Appraisal report which is intended to comply with the reporting requirements set forth under Standard Rule 2-2 ( b) of the Uniform Standards of Professional Appraisal Practice for a Summary Appraisal Report. As such, it includes summarized discussions of the data, reasoning, and analyses that were used in the appraisal process to develop the appraiser's opinion of value. The legal description was assumed correct. No survey of the property has been made by the appraiser and no responsibility is assumed in connection with such ma[[ers. It should be noted that the metes and bounds calls from the description provided were not complete. Sketches in this report are included only to assist the reader in visualizing the property. No responsibility is assumed for matters of a legal nature affecting tide ro the property nor is an opinion of tide rendered. The title is assumed to be good and merchantable. Information furnished by o[hers is assumed to be true, correct, and reliable. A reasonable effort has been made to verify such information; however, no responsibility for its accuracy is assumed by the appraiser All mortgages, liens, encumbrances, leases, and servitude have been disregarded unless so specified within the report. The property is appraised as though under responsible ownership and competent management. Unless otherwise s[a[ed in this report, the existence of hazardous substances, including without Iimitation, asbestos, polychlorinated biphenyls, petroleum leakage, or agricultural chemicals, which may or may not be present on the property, or other environmental conditions, were not called to the attention of, nor did the appraiser become aware of such, during the appraiser's inspection. The appraiser has no knowledge of the exis[ence of such ma[erials on or in the property unless otherwise stated. The appraiser, however, is not qualified to test such substances or conditions. If the presence of such substances as asbestos, urea formaldehyde foam insulation, or other hazardous substances or environmental conditions may effect [he value of [he property, the value estima[e is predicated on the assumption that there is no such condition on or in the property or in such proximity therero, that it would cause a loss in value. No responsibility is assumed for any such conditions, nor for uny expertise or engineering knowledge required to discover them. It is assumed that there are no hidden or unapparent conditions of the property, subsoil, or structures which would render it more or less vlluable. No responsibi(ity is assumed for such conditions or for engineering which may be required to discover them. These items include but are not limited to such things as foundation failure, asbestos, radon gas, covered landfills or toxic dumping sites, underground storage tanks, cemeteries, and rare and endangered plants and animals. It is assumed that there is full compliance with all applicable federal, state and local environmental regulations and laws unless non-compliance is stated, defined and considered in the appraisal report. It is assumed that all applicable zoning and use regulations and restrictions have been complied with, PAT MURPHY & ASSOCIATES 4