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STATEMENT OF CRITICAL ASSUMPTIONS AND LIMITING CONDITIONS The certification of the appraiser appearing in this appraisal report is subject to the following conditions and to such other specific and limiting conditions as are set forth by the appraiser in the report. 1. The legal description furnished to the appraiser or secured from public records is assumed to be correct. 2. The appraiser assumes no responsibilities for matters legal in character, nor does the appraiser render any opinion as to title, which is assumed to be good and marketable. All existing liens and encumbrances have been disregarded and the property is appraised as though free and o|emr, and under responsible ownership and competent management. 3. Any sketch in this report is included to assist the reader in visualizing the property. The appraiser has made no survey of the property and assumes no responsibility in connection with such matters. Unless otherwise noted henain, it is assumed that there are no enoroaohments, zoning violations or restrictions existing on the subject property. 4. |nformatiun, outimnteo, and opinions furnished to the appraiser and contained in this report were obtained from sources considered to be reliable and believed to be true and correct. However, no Iiabiuty for them is assumed by the appraiser, 5. It is assumed that there are no hidden or unapparent conditions of the property, oubnoi|, or structures which would render it more or less valuable. The appraiser assumes no responsibility for such conditions or for the engineering which might be required to discover such factors. 6. It is assumed that the subject property is in full compliance with all applicable fedono|, state, and local environmental regulations and laws unless noncompliance is stated, defined, and considered in the appraisal report. 7. It is assumed that all applicable zoning and use regulations and restrictions have been complied with, unless non-conformity has been stated, defined, and considered in the appraisal report. 8. It is assumed that all required |iuenaea, certificates of occupancy, consents, or other legislative or administrative authority from any |nna|, otate, or national government or private entity or organization have been or can be obtained or renewed for any usa on which the value estimate contained in this report is based. 9. It is assumed that the utilization of the land and improvements is within the boundaries or property lines of the property described and that there is no encroachment or trespass unless noted in the report. 10. No environrnental impact studies were either requested or made in conjunction with this appraisal, and the appraiser hereby reserves the right to alter, amend, revise, or rescind any of the value opinions based upon any subsequent environmental impact studies, research or investigation. 11. The existence of potentially hazardous material used in the construction or maintenance of buildings, such as urea formaldehyde foam insulation and/or the existence of toxic waste, which may or may not be present an the property, has not been considered, The appraiser is not qualified to detect such substances. The client is urged to retain an expert in this field if such information is desired. WALKER APPRAISALS 9