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~ : This consultation is subject to the following limiting conditions: The analysis does not treat the impact of having all the Marion County office space within one building, which is not probable due to the lack of available space in the Salem CBD office market. We assume no responsibility for matters legal in character, nor do we render any opinion as to title, which is assumed to be marketable. All existing liens, encumbrances, and assessments have been disregarderl, unless otherwise noted, and the properiy is appraised as though free and clear, under responsible ownership, and competent management. The exhibits in this report are included to assist the reader in visualizing the property. We have made no survey of the property and assume no responsibility in connection with such matters. Unless otherwise noted herein, it is assumed that there are no encroachments, zoning, or restrictive violations existing in the subject pmperiy. The appraisers assume no responsibility for determining if the pmperty requires environmental approval by the apprapriate governing agencies, nor if it is in violation thereof, unless otherwise noted herein. Informaaon pre~ted in this report has been obtained from reliable sources, and it is assumed that the information is accurate. This report shall be used for its intended purpose only, and by the parties to whom it is addressed. Possession of the report does not include the right of publication. The appraisers may not be required to give testimony or to appear in court by reason of this appraisal, with reference to the property in question, unless prior arrangements have been made therefore. The statements of value and all conclusions shall apply as of the dates shown herein. The appraisers have no present or contemplated future interest in the property which is not specifically disclosed in this report. c9sos2 2 PALMER, GROTH & PIETKA, INC.