Laserfiche WebLink
w <br />Glli�st <br />�� <br />�"oas"�.C•EENO. ' � ,Mp <br />U.b. OEfAPTM[NT OF HDUbINO AND UNBRN OEYELOPMENT� <br />5�1 8 FEOEPALNDUSINOA�MINISTNRTION CASE <br />+ " ^ NO. <br />� CONDITIONA�COMMITMENT . PROPENTYADCRE6G <br />FORMOPT6ACEINSUPANCEUNUEfl 5� �j: SM� <br />THENATIONALHOUSINGACT� �t•� <br />❑ SEC.20�(bl L SEC. 2� <br />I.IORTOAOEE <br />Nf�2'O MO��� � <br />Y.O.sos 15�� <br />19701 3elib!! Llc. !IQ• <br />Y,�oraot�Uaakl�ton 9�3� <br />CCIMMITMENTTERMS MAX.MOflT.RMT. <br />ESTIMATED VALUE <br />OFPROPENTY....1 <br />Itwsd <br />Eipiras <br />(. � ( <br />ND. MOS._ <br />INFORMATION <br />� <br />^ � n C �8�.8tP1366 <br />--T v T� T <br />_ ��oo v ey <br />7. MONTHIY EXPENSE ESTIMJUE <br />��� Frelm........5� <br />Taaes .........5 <br />L CoMo. Com. Eap.S <br />Main b Hep�in S � <br />Heet 6 Utilities S 3• `— <br />19 ��^ � <br />EBTIMIITEDCIOfINp � <br />797 .. GOiT...... <br />...s <br />�. E]EX�STING ,PFOPOSED <br />. <br />lSte Gm. Cond 8� <br />ImprpveG �� D � /5 . Ft <br />4vinpArea r G <br />The estim¢Ies o(llze Insur¢nce, lazee, mulntenance/mpaira, heal/ulilitle� nnd closfng msls are furnlahed :or muAgugee'e and mudgngur'e <br />Information, They mny be used lo prepare FHA Fnrm 29U0, Application (or Crcdit Apprnvnl,when n firm commihnent is Acaved. <br />COMMITMENT CONDITIONS <br />1. MARI2.SUT7 A10RTGAGE AMOUNT ANU TARMS - <br />(e) OCCUPANT MOHiGA60N6:- the mnrtgegc amount end Ierm ael <br />fonh 1n the heading are the maxfmum approved for thle property <br />essuming � eatie(ador}• oK•neraccupant motlgegor. The mexlmum <br />amounl end 1!rm In the head�ng may be chnnged depending upon <br />FHA'e reting o[the borrower, hVe Income nnd credit. � <br />(b)NONOCCUPANTMOHT�AGOqSo- If thc mortgagoz doee not <br />occupy the houee,the 1ew11mite Ihe mextmum morlgage emount <br />lo not exceed 857G o(themaximum amo�nt nvallable lo nn cllgiblc <br />morigegor who willoccupythehouee(85% ot value if Sec. 203(i) <br />or 221). In thc c�ee of nonoccupant mor�gagore, thc Ilrm commib <br />men� when leeued will reduce lhc mortgage emounl and Ierme Le- <br />low thet ele�ed In lhe hending. <br />(c) COMMITMENTCHANGE6:- Thc Commiesfoncr mey, upun rc- <br />queal of the approved morlgegee, change the mortgege amounl and <br />term eM focth In lhe headhig. I( ihe appllcation le necompanied by <br />t VACRV.chan�cewillbemfldeonlylf VA lesucs an emendmen�. <br />2. FIIIAI COMMITMENT: - A firm commitrncnt to ineum n loen <br />will bc ienued upon reaelpt of an Applicatlon for Credlt Approvel, <br />FIiA Form 2900, executed by an appro�ed mortgagec and e <br />borrowcr catintfldory lo Ihc Commiselaner. <br />3. C011MITMtiNT TERM: - Thle commilment ehell explre SIX <br />MONTHS from the leeue date In lhe caeeof an EXISTING IiOUSE <br />orONE YEAN hom IG date In the caseo! PROFOSED CONSTRUC- <br />TION. (FHA claas�ea aU caaea na either "EXISTINC' or 'PHO- <br />POSED'/orfhepurposeo/defermfning whenaeommitmen7expirea. <br />Acco rdingfy, n houte, eurn though atil( undrr conatrucflon, may 6e <br />claeaified aa an exufinq howe i/if waa not approved by FHA or <br />VA prior ta thc 6rginning o/conshucJionJ <br />4. CANCP:LI.ATION: • Thie comm�lmenl may be caneelled efler 60 <br />daye trom the dete u( Ineuana if coneteucllon hae not ntarted, un- <br />Icas ihe mortgegee hfle disburaed loan proccede. <br />5. P1tOPF.RTY STANDARDS:-All conetruclion, repnlre,oralleratim�s <br />propoeed tn lhe nppllcetion oc on the drawinge and epecl0ratlone <br />rclurnedherewith, ehallequalorexceedthrFHATUNmum Proper- <br />ty Stnndards. <br />SPECIFICCOMMITMENTCONDI710N5 (App(im61e when ehecked) <br />j� HF,ALTH AUTHORITY APPROVAL:-F.xecution ot Form 2673 I 9. ASSURANCE OF COMPLETION: - Iftherequlredrepairarvnnot <br />�� by the Hralth ALlhodty Indfceting epproval of the weter supply � be completed prbr to nubmiseion of cloeingpepen, a Form 2300 <br />end/oreea�agediepoefllinatnlletlonterequlrcd.(Approvalbykfler cecrowintheamounlafS (oreuchadditionalnmount <br />or Health Authority Form mny be veedJ nn Ihc lendcr dceirce) mey be mtablfshed as lhe meane to nasurc <br />rmm�ldinn. <br />2 'fF.RNPPE CONTROL: �(a) EXISTING HOUSE-Furnishccrtl- <br />❑ ficalefrum a recugnfxe�'. termilecor.trolnpen�lorthntlhe hou.re ond <br />ulhcr struc{ures within Ihc Icqul buundar4s of Ihc property shows <br />m evidenc o( active Icrmite infeslalbn. (b) I'ROPOSIiD CON- <br />ti7'1tUCfIUN-Furnishune.cupyu(TermltrSnilTrrnimenl Gunrnn� <br />tcc FIiA Form 2052. <br />3 I'IiF.FABRICATOR'S CP:RTIFICA'I'F:: - provide Prcfebrlcntiun <br />❑ Cerl{ficnte required by rdated Fnglneering 13ulletln. <br />4. CAIti4s1' UNDERFLOONIIJG: - Notkc of sub0ooring or finish <br />❑ Ooorinq InsWlled undrr carpM nhnll be pneled n! a rnnxplcuou+ <br />kw�s�lbn wlthln lhe dwcllinq. <br />F. SUUDIVISIONREQUIREMENTS:-Complya•Ith <br />❑ <br />tromlicpoctdnled for_ <br />Subdlvislon. <br />G. DUILDER'SN'ARRe\YTY:-TnebuildcrnhellcxecvteFHAForm <br />❑ 2544, Ruildcr's Warmnty. <br />���7yy PROPERTY INSPliCT10N5: - A notice of conaWctiun elatus shall <br />be gh•en Dy Form ^289X, letter or telephonc nt lhc Ilme Indtceled <br />below: <br />a. Propoe_d ConFwctlon Caeee: <br />(1)[l Notlticsl�mi nhetl be gWen for elI Pro oeed Conatruclion <br />, Sr3iD3e at leasl two work daye before eg nn ng o con- <br />etrud�on" xnd ee may be Inetrucicd bdow. <br />('-'il�'.-.�._ �',�".-1 gL-er.�l.:,,��.e.-ic:urnllcamingcart.pletti <br />ly exposri :u. d r<-aghlnq-iu uf plumbhig, heeting nnd elec- <br />iricel work Installed und vleiblc. <br />(3)p N'hen cansiruci�on completed nnd property ready foroceu- <br />nn <br />6 REPAIR: �Nolity FHA upon completlon ot mqulmd tepntre. �� <br />. CERTIFICATE OF COMPLETION� A ceniticate etaling lhat <br />the morigagee has ezamined the proposed ar roqu1rM repaln <br />end that they h ave bcen ealieteMortly completed wlil be aceepted. <br />8. �'A INSPECY.DNS: - F�minh a copy ot n cleer VA linal repori. <br />❑ I <br />I „� , a�, 90�. <br />MR iOPM N0. M00�5 NEV.2i7! <br />I0. 5ELLER'S AGREEMENT AND ESCROW FOR F.XISTING <br />� PROPERTIES FINANCF.D UNDF.R SECTION 23b-SectlonblA. <br />Thla cammltment le beued on the conditlon thnt It the :naAgac� <br />In to be Ineumd under Sectlon 23b, the eeller �vill exeCufe an a 6rm <br />menl lo relmburee HUD for ezpen�ee incurred In repr.lring eWc- <br />Wal or other defette wlth reepect to the property being eold. The <br />torm ot agreement ehall be preecrlbed by the Secretnry and a eel� <br />ler wLo le not the ompent of the property wlll dr.podt 6 percen; <br />ot the ealee pdce In eecroN wlth the morlgage in eccordance with <br />the ter�e of the egreement. <br />11. SECTION 123 <br />� ThleCommilmcnUeleeuedunrerSeclion__Pureuantto5ecllon <br />223c. <br />12. SECTiON 321(d)(2) <br />� The 1.fanimum Ineureble mortgege for u morigngor otherlhan n <br />dlspleced iamily pmsenting a Ccrlifirnte of EI1gIbi1lty,�FIiA.1 ortn <br />347R, in a <br />13. COUF.INFORCEMENT <br />❑ SubmSt e statement trom Publlc.A�dhorlty t6ul�hceuhJttl property <br />meMs Code RequlremenU. If the moAgage en�vmbcUng the prop- <br />erty le to be ineured under SMlon 221(d)(2) e code compllance <br />Inspectlon le requlred, <br />14. REQUTAF.D CERTIFICATIONS. <br />❑ �I;1cMdcnl �Hcrtlng n^oolinB ❑Plambing <br />i6. EXPIIiATION DATE: • The Tolnl Vnluc �tated nbovr ia baecd <br />� on Veterane Adminlekatlon Ce�tS:r.atlon of Aeaeonxb]e Value, <br />caec number daled <br />Reg¢rdleea of Cenerel Commllmenl Condllion Number 3, nbovc, <br />lhle commilment essplren un <br />�� <br />allnched eheet <br />or on <br />6EN0T0 MOXT6AOEEAFTEN AUTHORI2EDAOEN7 pIqN6 <br />--".-...�..�.anr �unumenuttq .. <br />