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  1. ' Edited Form File: U:\Pangaea\Rerc6.frm
  2. ' Date Created:    24-Jun-1997 12:35:11
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  44. T,83,32,2,0,STATEMENT OF LIMITING CONDITIONS AND APPRAISER CERTIFICATION
  45. T,10,54,3,0,CONTINGENT AND LIMITING CONDITIONS:
  46. T,315,54,3,0,APPRAISER CERTIFICATION:
  47. T,10,75,4,0,The appraiser certification that appears in the appraisal report is subject
  48. T,315,75,4,0,The Appraiser certifies and agrees that:
  49. T,10,90,4,0,to the following conditions:
  50. T,10,121,4,0, 1.
  51. T,40,121,4,0,The appraiser will not be responsible for matters of a legal nature
  52. T,315,121,4,0, 1.
  53. T,345,121,4,0,I have taken into consideration the relevant factors that have  an
  54. T,10,136,4,0,that affect either  the  property  being  appraised  or  the  title  to  it.  The
  55. T,315,136,4,0,impact on value in my development of the estimate of Anticipated  Sales
  56. T,10,152,4,0,appraiser assumes that the title is good and  marketable  and,  therefore,
  57. T,315,152,4,0,Price in  the  appraisal  report.  I  have  not  knowingly  withheld  any
  58. T,10,167,4,0,will not render any opinions about the title. The property is appraised  on
  59. T,315,167,4,0,significant information from the appraisal report and, to  the  best  of  my
  60. T,10,183,4,0,the basis of it being under responsible ownership.
  61. T,315,183,4,0,knowledge, all statements and information  in  the  appraisal  report  are
  62. T,10,198,4,0, 2.
  63. T,37,198,4,0,The appraiser has made no survey of the property. However, the
  64. T,315,198,4,0,true and correct.
  65. T,10,213,4,0,appraiser  has  provided  a  sketch  in  the  appraisal  report  to  show
  66. T,315,213,4,0, 2.
  67. T,348,213,4,0,I stated only  my  own  personal,  unbiased,  and  professional
  68. T,10,229,4,0,approximate dimensions of the improvements. The  sketch  is  included
  69. T,315,229,4,0,analysis, opinions, and conclusions in the  appraisal  report  and  have
  70. T,10,244,4,0,only to assist the reader of the  report  in  visualizing  the  property  and
  71. T,315,244,4,0,included in this report  all  contingent  and  limiting  conditions  affecting
  72. T,11,260,4,0,understanding the appraiser's determination of its size.
  73. T,315,260,4,0,those analyses, opinions, and conclusions, whether they were imposed
  74. T,10,275,4,0, 3.
  75. T,40,275,4,0,The appraiser will not give testimony or appear in court because
  76. T,315,275,4,0,by me or by the terms of the assignment.
  77. T,10,291,4,0,he or she made an appraisal of the property in question, unless  specific
  78. T,315,291,4,0, 3.
  79. T,345,291,4,0,I have no present or prospective interest in the  property  that  is
  80. T,10,306,4,0,arrangements to do so have been made beforehand.
  81. T,316,306,4,0,I have no present or prospective personal the subject of this report,  and
  82. T,10,321,4,0, 4.
  83. T,42,321,4,0,The appraiser has noted in  the  appraisal  report  any  adverse
  84. T,316,321,4,0,interest or bias with respect to the participants in the prospective  sale. I
  85. T,10,337,4,0,conditions  (such  as,  needed  repairs,  depreciation,  the  presence  of
  86. T,315,337,4,0,did not base, either partially  or  completely,  my  analysis  and/or  the
  87. T,10,352,4,0,hazardous  wastes,  toxic  substances,  etc.)  observed   during    the
  88. T,315,352,4,0,estimate of Anticipated Sales Price in the appraisal  report on  the  race,
  89. T,10,368,4,0,inspection of the subject property or that he  or  she  became  aware  of
  90. T,315,367,4,0,color,  or  national  origin  of  either   the    present    or      prospective
  91. T,10,383,4,0,during the normal research involved in performing the appraisal.  Unless
  92. T,316,382,4,0,owners/occupants of the subject property or properties  in  the  vicinity.
  93. T,10,399,4,0,otherwise stated in the appraisal report, the appraiser has no  knowledge
  94. T,315,399,4,0, 4.
  95. T,346,399,4,0,I have no present or contemplated future interest  in  the  subject
  96. T,10,414,4,0,of any hidden  or  unapparent  conditions  of  the  property  or  adverse
  97. T,315,414,4,0,property, and neither my employment nor compensation for  performing
  98. T,10,429,4,0,environmental conditions (including the presence of  hazardous  wastes,
  99. T,315,429,4,0,the appraisal is  contingent  on  the  appraised  value  of  the   property.
  100. T,10,445,4,0,toxic substances, etc.) that  would  make  the  property  more  or  less
  101. T,315,445,4,0, 5.
  102. T,347,445,4,0,My compensation is not contingent upon the reporting of a
  103. T,9,460,4,0,valuable, and has assumed that there are no such conditions and makes
  104. T,315,460,4,0,predetermined value or direction in value that favors  the  cause  of  the
  105. T,10,476,4,0,no  guarantees  or  warranties,  expressed  or  implied,  regarding   the
  106. T,315,476,4,0,client or any  related  party,  the  amount  of  the  value  estimate,    the
  107. T,10,491,4,0,condition of the property. The appraiser will not be  responsible  for  any
  108. T,315,491,4,0,attainment of a stipulated  result,  or  the  occurrence  of  a   subsequent
  109. T,10,507,4,0,such conditions that do exist or for any engineering or testing  that  might
  110. T,315,507,4,0,event.
  111. T,10,522,4,0,be required to discover  whether  such  conditions  exist.  Because  the
  112. T,315,522,4,0, 6.
  113. T,345,522,4,0,My  analyses,  opinions,  and  conclusions  were   developed
  114. T,10,537,4,0,appraiser is not an expert  in  the  field  of  environmental  hazards,  the
  115. T,316,537,4,0,and this report  has  been  prepared,  in  conformity  with  the  Uniform
  116. T,10,553,4,0,appraisal  report  must  not  be  considered   as    an    environmental
  117. T,315,553,4,0,standards of Professional Appraisal Practice.
  118. T,10,568,4,0,assessment of the property.
  119. T,315,568,4,0, 7.
  120. T,346,568,4,0,I have personally inspected the accessible interior  and  exterior
  121. T,10,584,4,0,5.
  122. T,41,584,4,0,The appraiser obtained the information, estimates, and opinions
  123. T,315,584,4,0,areas of the subject property and the exterior of all properties  listed  as
  124. T,10,599,4,0,that were expressed in the appraisal report from sources that he or she
  125. T,315,599,4,0,comparables in the appraisal report. I further certify  that  I  have  noted
  126. T,10,615,4,0,considers to be reliable and believes them to be true and  correct.  The
  127. T,315,615,4,0,any apparent or known adverse conditions in the subject improvements,
  128. T,10,630,4,0,appraiser does not assume responsibility  for  the  accuracy  of  such
  129. T,315,630,4,0,on the subject site, or on any site within the  immediate  vicinity  of  the
  130. T,10,645,4,0,items that were furnished by other parties.
  131. T,315,644,4,0,subject property of which I am aware and have made  adjustments  for
  132. T,10,661,4,0, 6.
  133. T,28,661,4,0,The appraiser will not disclose the contents of the appraisal report
  134. T,315,659,4,0,these adverse conditions in my analysis of the  property  value  to  the
  135. T,10,676,4,0,except  as  provided  for  in  the  Uniform  Standards  of  Professional
  136. T,315,676,4,0,extent that I  have  market  evidence  to  support  them.  I  have  also
  137. T,10,692,4,0,Appraisal Practice.
  138. T,315,692,4,0,commented  about  the  effect  of  the  adverse  conditions    on    the
  139. T,10,707,4,0, 7.
  140. T,30,707,4,0,The appraiser must provide his or her prior written consent before
  141. T,315,707,4,0,marketability of the subject property.
  142. T,10,723,4,0,all (or  any  part)  of  the  content  of  the  appraisal  report  (including
  143. T,315,723,4,0, 8.
  144. T,345,723,4,0,I personally prepared all conclusions and opinions about the real
  145. T,10,738,4,0,conclusions about the  property  value,  the  appraiser's  identity  and
  146. T,315,738,4,0,estate that were set forth in the appraisal report. If I relied  on  significant
  147. T,10,754,4,0,professional designations, and references to any professional appraisal
  148. T,315,754,4,0,professional  assistance  from  any  individual  or  individuals  in   the
  149. T,10,769,4,0,organizations or the firm with which the appraiser is associated) can be
  150. T,315,769,4,0,performance of the appraisal or the preparation of the appraisal  report,  I
  151. T,10,784,4,0,used for any purposes by anyone except: the  client  specified  in  the
  152. T,315,784,4,0,have  named  such  individual(s)  and  disclosed  the  specific   tasks
  153. T,10,800,4,0,report; consultants; professional appraisal organizations;  any  state  or
  154. T,315,800,4,0,performed by them in this appraisal report. I certify  that  any  individual
  155. T,10,815,4,0,federally approved financial institution; or any department,  agency,  or
  156. T,315,815,4,0,so name is qualified to perform the tasks. I have not authorized  anyone
  157. T,10,831,4,0,instrumentality  of  the  United  States,  any  state,  or  the  District  of
  158. T,315,831,4,0,to make a change to any item in the report; therefore, if an  unauthorized
  159. T,10,846,4,0,Columbia. The appraiser's written consent and approval also must  be
  160. T,315,846,4,0,change is made to the appraisal report, I will take no responsibility for it.
  161. T,10,862,4,0,obtained before the appraisal (or any part of it)  can  be  conveyed  by
  162. T,315,868,3,0,CO-APPRAISER CERTIFICATION:
  163. T,10,877,4,0,anyone to the public through advertising, public relations, news, sales,
  164. T,315,888,4,0,If a co-appraiser signed the appraisal  report,  he  or  she  certifies  and
  165. T,10,892,4,0,or other media.
  166. T,315,903,4,0,I have reviewed  the  appraisal  report,  agree  with  the  agrees  that:
  167. T,10,908,4,0, 8.
  168. T,31,908,4,0,For  the  purpose  of  this  appraisal,  the  effective  date  of  the
  169. T,315,919,4,0,statements  and  conclusions  of  the  appraiser,  and  am  taking   full
  170. T,10,923,4,0,appraisal is contemporaneous with the date of report.
  171. T,315,934,4,0,responsibility  for    the    appraisal    and    the    appraisal    report.
  172. T,8,971,6,0,Subject Property's Address:
  173. T,126,983,3,0,APPRAISER
  174. T,388,983,3,0,CO-APPRAISER (if applicable)
  175. T,8,1026,6,0,Signature:
  176. T,315,1026,6,0,Signature:
  177. T,8,1054,6,0,Name (please type):
  178. T,315,1054,6,0,Name (please type):
  179. T,8,1084,6,0,Date of Report (Inspection):
  180. T,315,1084,6,0,Date of Report (Inspection):
  181. T,315,1114,6,0,State License/Certification #:
  182. T,8,1115,6,0,Tax ID#:
  183. T,8,1144,6,0,State License/Certification #:
  184. T,315,1144,6,0,State of License/Certification:
  185. T,315,1175,6,0,Expiration Date of License/Certification:
  186. T,8,1176,6,0,State of License/Certification:
  187. T,315,1203,6,0,I
  188. T,341,1203,6,0,Did
  189. T,378,1203,6,0,Did not personally inspect the subject property
  190. T,8,1205,6,0,Expiration Date of License/Certification:
  191. T,395,1221,6,0,Client File #:
  192. T,1,1237,1,0,Page 6 of 6
  193. T,551,1237,1,0,E-R-C Rev. 4     10/94
  194. T,239,1236,1,0,Copyright 1994 Employee Relocation Council
  195.