09-28-15 Agenda, Packet & Committee Meeting Notice

Home Browse Search

ASSUMPTIONS AND LIMITING CONDITIONS The certification of the appraiser appearing in the appraisal report is subject to the following conditions and to such specific and limiting conditions as set forth by the Appraiser in the report. 1. The Appraiser assumes no responsibility for matters of legal nature affecting the property appraised or the title thereto, nor does the Appraiser render any opinion as to the title,which is assumed to be good and marketable. The property is appraised as though under responsible ownership. 2. Any sketch in the report may show approximate dimensions and is included to assist the reader in visualizing the property. The Appraiser has made no survey of the property. 3. The Appraiser is not required to give testimony or appear in court because of having made the appraisal reference to the property in question,unless arrangements have been made previously made therefore. 4. Any distribution of the valuation in the report between land and improvements applies only under the existing program of utilization. The separate valuations for land and building must not be used in conjunction with any other appraisal and are invalid if so used. 5. The Appraiser assumes that there are no hidden or unapparent conditions of the property, subsoil, or structures,which would render it more or less valuable. The Appraiser assumes no responsibility for such conditions, or for engineering which might be required to discover such factors. 6. Information, estimates, and opinions furnished to the Appraiser,and contained in this report, were obtained from sources considered reliable and believed to be true and correct. However,no responsibility for accuracy of such items furnished to the Appraiser can be assumed by the Appraiser. 7. Disclosure of the contents of the appraisal report is governed by the Bylaws and Regulations of the professional appraisal organizations with which the Appraiser is affiliated. 8. Neither all,nor any part of the content of the report, or copy thereof(including conclusions as to the property value,the identity of the Appraiser,professional designations,reference to any professional appraisal organizations, or the firm with which the appraiser is connected), shall be used for any purposes by anyone but the client specified in the report, the borrower if appraisal fee paid by same,the mortgagee or it successors and assigns, mortgage insurers,consultants, professional appraisal organizations,any state or federally approved financial institution, any department, agency, or instrumentality of the united States or District of Columbia,without previous written consent of the Appraiser; nor shall it be conveyed by anyone to the public through advertising,public relations,news sales, or other media,without the written consent and approval of the Appraiser. 39