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FM SMQIITO <br />e�7 <br />•x <br />: <br />CONDITIONAL COMMITMENT <br />f011 MORTOAOE INiUMNCE UNDER <br />TNE NATIOMAL NOUBINO ACT <br />S <br />� {EC.2071b1 ❑ SEC. <br />FEDEML <br />��� ���r <br />fMere�/ s �ru Inc.. <br />�� Q� � ��� <br />EY�f1it• M�• 9et06 <br />COMMITME� 1 E�1M0 MA%. MORT / MT t ��� <br />XOUfINOAMU <br />IINIfT11AT10N I CASE <br />NO. <br />g�l��i��iic Manue. <br />twreec. w. 96:03 <br />EBTIMATED VALUE <br />OP PROPENTY....: <br />FORINiUpANCE <br />. ' b, •' , . . • <br />=��p�� FormApqov�d <br />OMB No. 09•F1 7N <br />�r��37�rvi�Z�3 C <br />G. /' � / <br />7. MONTHLV E%PENfE E6TIMAT <br />:� ��'-t :._. — <br />GOMMITMENT , � r " <br />IssuW =� — �' i <br />19 � � <br />ErPirp y��' I� 19 S <br />� <br />� <br />�.�-�1� — <br />D. MOS MA% INIENE51 _% <br />Fire Im........ f�_ <br />.. <br />Ta�w ......... f <br />CoMo. Com. Eao�f—� <br />.,_ <br />Mamt 6 pepaus { � <br />Metl h UtilitNs f <br />E611MATED CLONNQ}�� <br />C06T.........� � . <br />Grrc Cond. <br />PROPOSED <br />I N FO RMATION I Impa�ee <br />4virp Area �/ sa 50. FI. <br />The eelimalee of fire inaurence, taxes, muiNenunce/repuirs, heat/utili�les nnd duxing cosls nre (urnished fur murlgagee's �md morlgngo�'n <br />informellon, Thcy may bc used ta prepivc FHA Form 2900, App6cnliun fur Crcd{t Appruvul.N'hon :� finn commitmenl in dexi�ed. <br />GEN ERAL COMMITMENT CONDITIONS <br />1. MAXIMUM MORTGACE AMOUNT ANll TF RMS - Buundary Map In ettect fur ihe wmmunity pdor to the date at <br />(a) OCCU►ANT M011TOAOORf:• the morigage amount and term �el cloxing,lhe property will Ix covercd hy ttond ineurance In ac- <br />forth In ihe headln� am the maxhnum approved for lhie properly cordance wfth FHA 14gulullon 203.16a. <br />auuming a ntldecloryovner-occupunlmortgegur.Themeximum l, p•�RM COMMITMP:NT: - A firm commitmenl to ineure a loen <br />amounl and term In ihe hesdins may be chnnged dcpending upon wlll be iseued upon reQfpt of an Applicntlon for Credll Approval, <br />FHA's rating of lhe borrorer, Ale Income and credlL F�HA Nurm 2900, e:rcWed by un npproved marlgeste end e <br />(b) NONOCCU�ANTMOIITOA60p{:• If the morigegor doea nd bntrower anliefaMory lo lhe Commieeioner. <br />occupy the houee,t6e lewlimll� the�maximum modgage emount 3. COMMITMENT TBRM: - Thie commilment ehell exp4e il% <br />lo nol etceed 86% of themeximum emount evailable to en eligible MONTMS from the leeue date in Ihe caeeot en EXISTING HOUSE <br />orONeVEA� hom ite date in the caeeot PRO['OSED CONSTRUC- <br />morlgagor �nho wllloccupythehouee(85% uf velue if Sec. 203(I) TION. (FHA clnaeiJiee af( caaes aa either "EXlSTfNG'or 'PRO• <br />or 221). In lhe ca�e of nonoccupenl mortgagoro, the firm commil- POSED'/or thep urpoaeofdetermininqmhen acommammt expires. <br />ment when Issued wtll rcduce the modgage amounl and tcrma be- A�cordinqly, a houae,cuen lhough alil! underco�utruclion, rh¢y be <br />low that staled In tAe heeding. r/aea�ed as an exirtinp houae i(i! waa not npproved by FNA or <br />VA prior (o fhe Arginning n f cnn atr�clion.) <br />(c) COMMITMENiCMAN6E5:• The Commiseluner may, upon re- <br />queetoflheapprovedmoAgagee,changethemortgegeamountend 4,CANC6I.I.ATION:-ThiecommllmenlmsybecencelltdaRer60 <br />lerm eel forlh In the heflding. If lhe appllcutlon le eccompanied 6y daya from �he dxte of iseuunce if conetruMion hee not etarted, un- <br />leee ihc mar�gagee hns dlsbureed laan proceede. <br />a VA CRV, chengesw111bemedeonlyif VA laxuca en emendmcnt. <br />(d)FIOODINBURANCECOMMITMENTGONDITIONB:•Thiscommit- S.PROPF.RTYSTANUARUS:-Allconsiruction,repelre,oralkretlons <br />propased in lhe applicntion or on Ihe drewings and epecfllcatlone <br />menl is isaued on Ihe condilion thal if O�e properly IK locnf_•d in n rc�umed herewith, shull eyunl or exceeJ Ihe P'11A ALnimum Proper• <br />❑uod nazurd arce ax IdenUficd on Ihc Inicst NIA I+Inod Hnzard ly Slnndards. <br />SPECIFIGCOMMITMENTCONDITIONS (Appfitn6(c rolu�q chrdtrr!) I <br />f 1 HEALTH AUTHORITY APPROVAL:-Executlon of Form 2573 <br />I � by the Heallh Authority indfcating appraval of the water eupply <br />� and/or ee�vage diepoeal Inetallation le required.(Approvulby leller <br />i or Heallh Aulhodly Form may bc used.) <br />� 'I'I?tiMlTt: CUNTRUI.: -lu) I:SItiTIN(� IIUUtiR- F'urnish��rrli- <br />,LJ fic:�te Gom u rccognized termi�econtrolup�•rniurihnnhr hnuse wid <br />� uthcr slructurca wHhin Ihr Icgnl buund�virs uf Ihc praperly .huws <br />n�� eviden�Y of aclivc lermile infcslnliun. Ibl I'ItUPUtiIiU CIIN- <br />I tiI'RUCPIUN.Furnishonrcnpyuf9'rrmitrtinil'Pre:Umrnt (�uanu�� <br />� unice FHA Form 2052. <br />(J I'Hh:FAItRICATUfCti CF:R'1'IFI('A'PR: � Providv I'rcL•ibrirution <br />' �J ('crlificxle rtt��dred b,V reluted F:nginecrLig Ilullrlin. <br />`.L CAltl'b:i' UNUF:RFLbOfiING: - Nwiec u( su6fluoring ur finieh <br />' �] fl�nring inrtnlled undcr carprt shnll bc puslcd i�1 n cnnspicuous <br />I loculinn wi�hin Ihc dwelling. <br />5. SUUUIVISIONREQUIREMENTS:•Cumplywl�hReqWremen�eNo. <br />L� <br />' Gmn Ftepor� d:ded !ar <br />Subdlvlsion. <br />� t;. ItU II.UER'S WARRAN7'Y: - The builder sh;�ll rxecute FHA Fnrm <br />� ❑ 1544, Builder's Warranly. <br />i <br />; l�. PROPF:RTY INSPECTIONS: - A nu�ire of cunslruclion xtatus ahull <br />��� be glven by Form 22R9X, lel�cr or Iclephunc at thr limc indlcnlyd <br />beluw: <br />� n. I'ruposed Cunslrucliun (:uscs: <br />l 1)0 NutlGcalion shall 6e gWen fur ;�II �Pru ro�sed Construcliun <br />'nn�a ul Icas� Iwo wurk day�: hefurc "F�rginnmg o con- <br />strur'Inn' und un muy be instruvird hcluw�. <br />�'>)�N'hen ihchulldingisendosed.stn�rlurnlfrnmingcnmplrte- <br />� ly expused nnJ roughing-in of plum6ing, hea�inqnndcico- <br />iricnl wud< inslnlled end visiblc. <br />, (3)� Whem m�elruc�lon compleled nnd property ready(orcecu- <br />pancy. <br />' i:9 b. REPAIRS: NotUy FHA upon completinn a( required repeire. <br />,' ;] c. CERTIFICATF. ON COMPLF.TION: A cer�lflcale nteting Ihet <br />� the mortgegce hne examined the �roposed ur requlred repaln <br />'. nnd thal they have been aetiefectonly completed willbe nccepled. <br />t;. VA fNSPECTIONS: - Furnieh e copy of e clrar VA linal repoA. <br />❑ <br />9. ASSURANCF.OE CODiPLF.TION:- Iftherequiredrepairac¢nnot <br />� be complMed prior lo submission uf clnsingpepere, a Form 2300 <br />escrowlniheamouNof3 (orauchnddltionelemoun� <br />ns �he lender devires) muy bc rrtublished ns Ihe me¢na to aeeure <br />complcUnn. <br />10. tiF.LLIiH'ti AGRKh:M1fEN'P ANU F.tiCNOW FOR E%ISTING <br />� PROI'F.RTIRti FINANCF:U UNUF.It tiBCTION Y3,5•SecOon 518. <br />Thie comm8ment fa lesued on the conditfon ihnt If Ihe mortgege <br />fe lo Le fnsumd underSect1on235,theselkr wlll e:ecule an agra- <br />ment to �eimburee H UD for expenaee incurred In repairfn` etruc- <br />lual or �uher defecle with reepeN to the properly belnµ �old, The <br />fnrm nf egreemenl ehe�l be pmncrlbed by Ihe Secrelary and s�el- <br />ler who le nol the occupent of the property will depoell 5 perttnl <br />ot the eelee pritle in eecrow wilh the morlgugc In eccordance with <br />lhe �erms uf the agreement. <br />11. SRCTfON 223 <br />� ThleCommitmenlisl.raucdunderticctlon_ILreuanttaSectlon <br />2$3c. <br />12. SF.CTION 221(d)(2) <br />� The Mexlmum Inauruble morlgngc for n moAgagor otherthen e <br />diepiaced femlly presenting a Certificate �f F.IIqiblllly,.FHA.Form <br />3476, is S . <br />13. COUF, ENFORCEMRNT <br />❑ Submll e atntement from Public Authorily thatlheaubJecl property <br />meeln C.nde Requlrcmenls. If the mnrlgnRe encumAedng Ihe prnp� <br />eny 1� tu bc In.rured undrr ticctiun 2'LI(d)(Y) �� ���de cumplinncc <br />Inspeclinn is reqWred. <br />14. RF.(2UIRF:DCIif2'I'IFICA'PIONS. <br />❑ ❑Elrclricxl �Hc�ding �Itoufing Cji'Iumbinp <br />15. F.XPI&\TfON DAT6: - Thu 'folai Velue etnlcd above le bosed <br />� on Velcrnna AJminlnlrn�bn Cerlificntlon o( Rmsnnabic Volue, <br />cnec number dated <br />NegerJle�s of (:�nernl Commi�mrm Cnndlllon Number 9, nbave,� <br />�hin commitmeN expiren on <br />16. Scc x>ecinl condi inns <br />�� �� belaw or on <br />� ettached heM. � � <br />vonMvo zoocs �. me s[��o10 <br />