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Special Assumptions and Limitine Conditions <br />Extraordinary Assumptions: <br />Extraordinary assumptions are defined as <br />"An assignment specific assumption as of the effective date regarding uncertain information used <br />in an analysis which, if found to be false, could alter the appraiser's opinions or conclusions. Uncertain <br />information might include physical, legal, or economic characteristics of the subject property, such as <br />market conditions or trends, or about the integrity of data used in an analysis"'. An extraordinary <br />assumption may be used in an assignment only if: <br />- It is required to property develop credible opinions and conclusions; <br />- the appraiser has a reasonable basis for the extraordinary assumption; <br />- use of the extraordinary assumption results in a credible analysis; and <br />- the appraiser complies with the disclosure requirements set forth <br />in USPAP for extraordinary assumptions <br />'ibis appraisal is not subject to any extraordinary assumption. <br />11mothelical Conditions: <br />Hypothetical conditions are defined as: <br />A condition, directly related to a specific assignment, which is contrary to what is known by the <br />appraiser to exist on the effective date of the assignment results but is used for the purpose of analysis. <br />Hypothetical Conditions are contrary to known facts about physical, legal, or economic characteristics of <br />the subject property; or about conditions external to the property, such as market conditions or trends; or <br />about the integrity of data used in an analysis.z A hypothetical condition may be used in an assignment <br />only if; <br />Use of the hypothetical condition is clearly required for legal purposes, <br />for purposes of reasonable analysis, or for purposes of comparison; <br />use of the hypothetical condition results in a credible analysis; and <br />the appraiser complies with the disclosure requirements set forth in USPAP <br />for hypothetical conditions <br />This appraisal is not subject to anys hypothetical conditions. <br />'APMaisel I"a., Ir Dimionery of Itwl <br />P. BRAMAN & CO., INC. - Real Estate Appraisals & Consuaing www. cpbw.wm <br />