3615 FRIDAY AVE 2016-01-01 MF Import

�, CRSTI�/50;.'�� DUE 8/4/80 OMB No 63 Rl]68 �� _ FMA MONTGAGEE NO. FHl1 �C C ^ M .DE►ARTMEN70FMOUf�NGANDUfllANDEVELO�M ��_350248-203 ,7S•tZV�W� . fEDEP�LMOUbINGAOMINIST1111TION CASE NO. CONDITIONALCOMMITMENT � PR06ERTVADDRE66 , � H �� , �� FOHMORTOIIGEINSURIINCEUNOEN 3615 Frtday Avenue THENATIONALNOUSIN6ACT EYCI'<LL� MZSF1�1I'LOII �O� . . � �6EC.2031b1� ❑iEC. MORTOAOEE � 7.MONTHLYE%PENSEE6TIMAT . ESTIMATEDVALUE / �-. � OFPROPERTY....: i�' �:� � Fimlro........5 : �. . .� T�Rn .........5 .-. c. ' COMMI7TED FOR INSUMNCE � r / / . � ConAa.Com.Ea0.t � ',` . /�� / i j . � �`� / Mam1 8 Neours S .�att�� Q� Cr�{�lY COMMITMENT � � • Hest d Utilities S �� P��. �X '�' 3� Issued � — � � 19�.• � EST�MqTEDCL061Nf3 .� Everett, MaShlllgtOrl 98203 E.pires - ' 19 ' cosr.........s - �� � • :1 � , .� j � . . . . . E%ISTING �PHOPOSED COMMITM��IS-�OQS MA%.MONT.AMT.f � � / NO.MOS. � � /� MA%.INTEHE51/•% �Scr Grn. Cond. 9/ INFORMATION � Improvae 3 5 Ft. Livtn9 A�s� a. Thc estimetes of tire insurance,texes, mainlenance/repnirs, hcat/utllHics end closing cosls are furnished !or mortgagee's nnd morlgagor's Informetion, They may be used to prepnre FHA Form 2900, Appl{cntion for Credil Approve�,when n firm commitment is desired. GENERAL COMMITMENT CONDITIONS 1. MAXIMUMMORTGAGEAMOUNTANDTERMS- Boundary Mep In etted for Ihecommunity prfar to the date of (e) OCCUPANT MONTGAGONS:• ihe morlgage emount and lerm set �closing,tAe propeAy will be covered by (lood innurance In ec- foNh Sn Ihe headfng are the maximum epproved for lhie property cordance with FHA Regulation 203.16a. aeauming a satieteMoryowner•occupantmortgegor.Themaxlmum Z, FIRM COMMITMENT: - A tirm commitment l0 lneure a loen emount and term in ihe heading may be chenged depending upon will be Ineued upon rernipt of¢n Applicetlon for Credit Approval, FHA's reting of ihe borrower,his Income and credit. FHA Form 2900, executed hy nn approved morlgagee end a (b) NONOCCUPANTMORTGAGORS:• If the mortgagor does not borrowersetfafnctorylotheCommissioncr. - occupy the house,ihe Iawlimits the meximum mortgage amount 3. COMMITMENT TERM: - Thia commilment ahnll expUe SIX ta not exceed 85% of themaximum amount evailable to an eIi ible MONTNS trom the ieeue dete in the cnxof an E%ISTING HOUSti g or ONE YEAn from ita dete in ihe caeeof PROPOSEU CONSTRUC- mortgagor who willoccupythehouee(85% ot value tt Sec. 203(i) TION. (FNA etaaeifies a(( caaea as either"EXISTING'or "PR0. or 221). In the ease of nonoccupant mortgagora,the tirm commil- PoSED'/or thepurposeo/determinuigwhen acommUment expires. ment when isaued w01 reduce the mortgege emount end terms be- Accordingly,ahouse,euen though stil(un.iercoutruc�ion,r:+ay 6e low thet stated tn Ihe hcading. classiJted as an existing houae if i!waa not approved by t HA or VA prior to[hc beginning oJconstruction.) (c) COMMITMENT CHANGES:- The Commissfoner mey, upon ce- 4. CANCELI.ATION: • This commitmenl may be cencelled after 60 � queet of the approvedmortgagee,changelhemortgegeamoun� cnd deys from the date ot Sssuance ft wnetruMion has nol started,un• � lerm set forth in the heading. If Ihe appllcetlon Is eccompenled by �ess the mor�gugee has dlabursed loan proceeds. a VA CRV,chengeawlllbemadeonlyit VA iaeuea un amendment. � 5. I'ROPERTY STANDARUS:-All constructfon, repaire,oral�eretions � (d) FLOOD INSURANCE COMMITMENT CONDITIONS:• This commil- propoaed in lhe appllcation or on Ihe drawings and epecificatfons ment is iesucd on the condiNon that it the pruperty Is locnted in n relurned herewith, ahell equel or exceed the FHA Mfnimuw Properv � flood hnznrd aren as identtficd on the letest FIA Flood Hnzurd ty Standnrds. � SPECIFICCOMMITMENTCONDITIONS (App(iea6le when checked) I L HEALTH AUTHORITY AFPROVAL:-Executlon of Form 2573 9. ASSURANCF.OFCOMPI.F.TION:- Iftherequiredrepairacnnnot ; ❑by the Heelth Authorfty indfceting approval of the water eupply � be completed pNor lo submissfon of closingpnpers,n Form 2300 �� nnd/or sewnge disposel Ine�ellation is requlred.(Approvalby le�ter eacrow intheamaun�ol5 (orsuchaddllionelnmount ' or Health AuthaMty Form mny be used.) es the lender desircs)mny be estnblished as�he means to easum ! complelion. _ ! 2 1'ER�717'F. CON9'RO1.: -(u) ESItiTINC HOUSR- Furnishcer�l- �� ❑ ficnte from n recognixed Iermitecanlroluperatorlha�lhe hnuse and 10. SELLER'S AGREEh1F.NT AND ESCROW FOR EX[STING , olher s�ruclures w�ilhin ihe Iegnl boundnrics uf!he property shows � PROPERTIES FINADICED UNDEH SECTION 23SSection 518. no evidentt nf nclive lermile in(es�ntlon. (b) PROI'OtiI4D C(1N- This commltmeN fa Iesued on thecondition Iha� if ihe mofigage ti'i'NUCTION -FurnishonecopynfTcrmi�cSoilTren�mcnt Gu;vum istobeinsuredunderSeclfon235,Iheeelier wlll execule an egree- nntec Ft1A Form 2052. ment to eeimburae H UD for expenaee incurred in repalring etruc- 3, PRRFAURICA9'ON'S CEfiTIFIGITE: - Provide Prefabricalinn tual or other defectewilhreapecttotheproperty being eold. The ❑ Crr�ificate nquireJ by relnlyd Euginecring ilullclin. form o(agreemenl shell be pmscribed by the Secretery and n eel- ler whu ie not the occupnnt ot 1he propedy will deposit 5 percent 4. CARP6T UNUERFI.00RINC: - Nolice of sub(looring or (inish of iheaales prfQ In�cacrow with the mortgage in ncwrdance with � Oooring installed undcr cnrpel shnll bc posled n� i� conspkuous thc�ermn of thc ngrecmenl. locntion wilhin thc dwclling. 1l. SECTION 223 5. SUBDIVISIONREQUIREMENTS:-ComplywithRequlrementsNo. � ThisCommftmentisissucdunderSeclion_Pursuantto5ecliou � 223e. Gon�� Report dnted for 12. SECTION 221(d)(2) _Subdivision. � Thc Mnximum Insureble mortgage for n mortgagor o�herthnn n dfspinced tnmfly prcsentfng a Ccrtitfcnte ot Ellgibfllty,�F11A.Form f>. llU II.DF.R'S R'ARRAI�TI':• Thc bufldcr shnll execute FHA Form 3476, is S . ❑ 2544, IIuilder's�V+vrnn�y. 13. COUE ENFORCEAtF,NT 7. PROPF:RTY INSPECTIONS:- A noticc otconswction slatus shnll ❑ Submk n sintemcnt from Public Aulhority thnithceubject property �he given by Form 22H9X, Ict�cr or ldephone nt the Iimr indicnted mecis Code ReqWrements. If the m�rtRnge encumberinR�hr prop� below: er�y is lo be insured under Secliun 221(d)(2)n code compllnncc n. Proposed Conswclion Crtses: fnspectlon is raquired. (1)❑Nolifiu-itlon shnll bc gWen for nll Pro osed Conslruclion nses nl Icnst iwo work dnys be(om eginn ng o can- 14. RF.QUIRED CERTIFICATIONS. struction" nnd ns mny be InstruCled below•. g�nyrknl Ncatin RooMg Plumbing (2)❑Nhenthebufldinqisenclose{1,slructurnlfrnmin6completr ❑ ❑ ❑ C ❑ ❑ ' ly exposed und roughing•fn ot plumbing,hen�ingnndelec- lrical work fnslnlled nnd visiblc. (3)❑When construction complMed nnd property rendy(oroccu- 15. EXPIRATION DATE: • The Totnl Velue eteled obove ia based a� � on Veterens Adminislratfon CeAlficntion of Reasonablc Velue, ❑b. REPAIRS NotHy FHA upon completion of requimd repalra. caee number d¢ted � c. CERTIFICATE OF COMPLETION: A certi6cele slaling lhat �6ardlese ot Generel Commitment Conditlon Number3, obove, the moctqegee has exnmined the propoaed or required rcpe{ra this commitmenl expires on � % end�thellheyhnvebeeneatlefectorflycompletedwillbencecpted. N / 1 I +6/ ec�pc�Ipl copditlon3 No�� i• Q f /// ' A. VA INSPECTIONS:- Furnish a copy ot n clenr VA fin�l repori. � /L. /.�� 1'.. . L �y s�� 7 -� ��—Th.elow or on ¢iteched eAecl. � � ❑ '