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APPRAISAL CONTRACT CONDITIONS - CONTINUED 14. Hazardous substances, if present within a property, can introduce an actual or potential liability that will adversely affect the marketability and value of the property. Such liability may be in the form of immediate recognition of existing hazardous conditions, or future liability that could stem from the release of currently known hazardous contaminants. 15. In the development of the opinion of value, no consideration will be given to such liability, or its impact on value, unless Hosch Appraisal & Consulting, Inc. is specifically retained to perform or prepare an environmental or toxic contamination analysis. In the event that such a report is prepared by the appraiser, the client nonetheless, releases the appraiser from any and all future environmental liability. 16. In the future, if Hosch Appraisal & Consulting, Inc. is compelled to produce documents or testify with regard to work performed, the client shall reimburse appraiser for all costs and expenses incurred. 17. The client shall indemnify and hold harmless Hosch Appraisal & Consulting, Inc. and its employees, against all claims by any third party or any judgment for loss or damage relating to the performance or non-performance of any services by the appraisal firm. 18. In the event of a dispute involving interpretation or application of this agreement, the parties agree that this agreement shall be governed under the laws of the State of Minnesota. 19. Hosch Appraisal & Consulting, Inc. reserves the right to assess interest charges on all unpaid accounts. 20. Hosch Appraisal & Consulting, Inc. reserves the right to refuse an assignment if the engagement letter is signed by a party other than the addressee of the letter. 21. Hosch Appraisal & Consulting, Inc. reserves the right to assess collection time incurred, if necessary. 22. Liability for appraisal fees is the responsibility of the party signing the appraisal contract or the organization on whose behalf the individual is signing. 23. Hosch Appraisal & Consulting, Inc. and/or the appraisers are not qualified to render expert opinions regarding structural issues, water damage, environmental assessments (such as mold), engineering/mechanical issues, ADA and/or building code compliance, land planning, architectural expertise or soil conditions. If requested, Hosch Appraisal & Consulting, Inc. will recommend qualified experts in these fields to assist the client and/or the appraisal process. 24. In the event that there is an order or agreement by a third party to pay or reimburse your fees, you will nonetheless remain directly obligated to us for the payment of the total fees and costs incurred on your behalf. This Agreement may be terminated by you for any reason upon providing written notice to us. Upon any termination of this Agreement, you agree to pay Hosch Appraisal & Consulting, Inc. in full for any expenses incurred and services performed by its appraisers and/or employees up to such time.