Res 1989-075 - Laserfiche WebLink

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C. Delinquency Charge If any payment due Appraiser under this Agreement is not paid when due, such payment shall bear interest at the rate of 18% per annum commencing thirty (30) days after such payment is due, provided, however, that in no event shall such rate of interest exceed the maximum rate permitted by law. In the event that any payment due appraiser is not paid when due, Client shall pay all expenses of collection, including, but not limited to, court costs and reasonable attorneys' fees. VIII. Client agrees that Appraiser shall not be required to testify or be in attendance at any court or administrative proceeding relating to this assignment without additional compensation. In the event Appraiser shall be requested or required to testify or be in attendance at any court or administrative proceeding relating to this assignment, or shall be requested or required to attend conferences in connection with any such court or administrative proceeding, Client shall pay Appraiser the following Additional Fee: $150.00 per hour for Rudy R. Robinson III, a fee of $100.00 per hour for assistance by associates. IX. To enable Appraiser to perform the appraisal services required hereunder, Client shall provide Appraiser or Appraiser's agents with access to the real estate to be appraised. Upon request, Client shall also provide Appraiser with such other materials with respect to the assignment as are in the possession of Client, including, but not limited to, plans and specifications for any improvements to the property, surveys, soil tests, percolation tests, air and water pollution tests and title reports or opinions of title. It is agreed that Appraiser may, but need not, assume the accuracy of all material submitted by Client. X. All statements of fact in the appraisal report which are used as the basis of Appraiser's analyses, opinions and conclusions will be true and correct to the best of Appraiser's knowledge and belief. Appraiser shall not have responsibility for legal matters, questions of survey, opinion of title, soil or sub-soil conditions, engineering or other technical matters. Any sketches prepared by Appraiser and contained in the appraisal report will be included solely to aid the user of the report in visualizing the property and its location. Each finding, prediction, assumption or conclusion contained in the appraisal report will be Appraiser's personal opinion and will not be an assurance that an event will or will not occur. Appraiser may assume that there are no conditions relating to the real estate, sub-soil or structures located on the real estate which would affect Appraiser's analyses, opinions or conclusions with respect to the real estate that are not apparent.