31 E BEECH ST 2018-01-02 MF Import

fir u 8 Gov(PNNENTPR1NTING01110E--1082 361-220 t Form Approved OMB No. 2502-0111 U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FHA CASE NUMBER HOUSING FEDERAL HOUSING COMMISSIONER 5la I �� 7'75`%- 7D3 annFmnilM Tel CI rmm�ITIr1NAl CMMITMFNT INFORMATION The estimates of Ore Insurance, taxes, maintenance repairs, heat utilities and closing costs are furnished for mortgagee's and mortgagor's information. They must he used to prepare Form 1111D.92900, Application for Credit Approval, when a firm commitment is desired. GENERAL COMMITMENT CONDITIONS i. MAXIMUM MORTGAGE: AMOUNT AND TERMS - 2. FIRM COMMITMENT: - A firm commitment to insure a more. (a) OCCUPANT MORTGAGORS: - the mortgage amount and gage will be Issued upon receipt of an Application for Credit term set forth on IIUD•92800.5 are the maximum approved Approval. Form IIUD-92900, executed by an approved mort. for this property assuming a satisfactory owner -occupant nlort• gagee and a borrower satisfactory to the Commissioner. gagor. The maximum amount and term may be changed 3. COMMITMENT TERM: - This commitment shall expire SIX depending upon IIUD's rating of the harrower, his Income MONTHS from the issue dale in the caw of an EXISTING and credit. HOUSE or ONE YEAR from its date in the case of PRO. POSED CONSTRUCTION. (FIIA classifies all cases as either (h)NONOCCUPANTMORTGAGORS:-IfIlremortgagor does "A'IST/NG'or'PROPOSE:D"forthepurposeofdeterrninin not occupy the house, the law limits the maximum mortgage tvhenacommitment expires. Accodingly, arouse, even though amount to not exceed 85% of the maximum amount available still under construction, oral, be classifiedas an existinv house to an eligible mortgagor who will occupy the house (85% (if If it was not approved by ///A or VA prior to the beginning value if Sec. 203(I) or 221). In the case of nonoccupant morl• gagors, the firm commitment when issued will reduce the mon. gage amount and terms below that stated in the heading. (c) COMMITMENT CHANGES: - The Commissioner may, upon request of the approved mortgagee, change the mortgage amount and tern set forth on IIUD-92H00.5. If the applica- tion is accompanied by a VA CRV, changes will be made only if VA issues an amendment. IIEALTII AUTHORITY APPROVAL: - Execution of Form FIIA-2573 by the I Icahh Authority indicating approval of the water supply amt(or sewage disposal installation Is required. (Approval by letter or Health Authority kiron may Mr used.) TERMITE CONTROL: - (a) EXISTING HOUSE - Furnish certificate front a recognized ternsile control operator that the house and other structures within the legal boundaries of the properly shows no evidence of active Urmite infestation. (b) PROPOSED CONSTRUCTION - Furnish one copy of Termite Soil Treatment Guarantee Form FI IA-2052. PRF-FABRICATOR'S CERTIFICATE:: - Provide Prefubri• cation Certificate required by related Engineering Bulletin. CARPET UNDERFL00RING: - Notice of subfloorng or finish flooring installed under carpet shall be posted at a con. spicuous location within the dwelling. SUBDIVISION REQUIREMENTS: - Comply with Require. menus No. final Report chile)-- for SubJivislon. BUILDER'S WARRANTY: - The builder shall execute Form IIUD-92544, Builder's Warranty. PROPERTY INSPECTIONS: - A notice of construction status shall be given by Form FHA.2289X, letter or telephone at the `time indicated below. Unless instructed otherwise, the builder may proceed with construction uninterrupted after the two day notification required in a.(I). a. Proposed Construction Cases: (1) ❑Notification shall be given for all Ptoposed Con- stfgction Cases at least Iwo work days before "beginning of construction" and as may he in. structed below. (2) ❑When the building is enclosed, structural framing completely exposed and toughing in of plumbing, heating .nd electrical work installed and visible. (3) ❑When construction completed and pmp(-rty ready for occupancy. 4. CANCELLATION: - This commitment may be cancelled after 60 days from the date of issuance if construction has not started, unless the mortgagee has disbursed loan proceeds. 5. PROPERTY STANDARDS: - All construction, repairs, or alterations proposed in the application or on the drawings and specifications returned herewith, shall equal or exceed the Ill D Minimum Properly Standards. DG b. REPAIRS: Notify FHA upon completion of required re- ` pairs. El c. CERTIFICATE OF COMPLETION: A certificate statin6 that the mortgagee has examined the proposed or required repairs and t rat they have been satisfactorily completed will he accepted. 8. VA INSPECTIONS: • Furnish a copy of a clear VA final re- 0 port. 9. ASSURANCE OF COMPLETION: -If the required repairs can- ' l tot be com leled prior to submission of closing papers, a { orm I IUD. 2300 escrow in the amount cf S or inch additional anrmol as the tender desires) may 6e established as Itte means to assure completion. 10. SECTION 223 ❑ Rc dis lon 223CnRRttmoe.ment is Issued under Section Pursuant to 11. SECTION 221(dx2) The Maximum Insurable mortgle for a mortmor other than a displaced fan ily presenting a Certificate of Lligibility, FIIA Form 3476, Is 12. CODE ENFORCEMENT (] Submit a statement from Public Authority that fire subject pro• tserty meets Code Requirements. If the mortgage encumbering he property, is to be insured under Section ! I(d)(2) a code compliance inspection is required. 13. The property is located in a flood hazard area as identified on ❑ the latest FIA Flood Hazard Boundary Mapp in effect [or the community. The pproppertyy must be covered by flood insurance in accordance wi h lRID Regulations published at _4 CPR 203.16A. 1 See eciT)coI it in e11CIJ 1 S r below or on 3Faz SFND TO MnRTr AGF.E P^^^ , ^r '' ..", -