Would you sign this waiver to see a property?

[Justin Poulsen]

I saw a listing for a property in my local area (north side Chicago).  It is bank owned, I contacted my real estate agent to arrange to check it out.  They sent him this waiver to sign before we would be allowed to enter the property.  

The property "presents a risk of personal injury or death".  Is this standard legal CYA? Or is this something specific to a terrible property?

With bank owned properties that are in bad condition, as I believe this one is, do they typically consider offers below asking price?