3615 FRIDAY AVE 2016-01-01 MF Import

FHA MOIITGAGEE NO. ,DEII111TMEN70f MOIIi�NG I1N�URlAN DEVElO►M =` fEDEMIh'OUSINOAOMINI6TNIITION CA6E �y1-350248-2D3 - 55220-Q033 � . No. COND�TIONIILCOMMITMENT � PROPERTYADDREif , _ L `� i ' �`- FOBMONT6AGEINSURANCEUNDEII 3615 Friday Aveaue �ef� � � TNENATIONALNOU61N6ACT EVGIYLL� �MII�� 7f�LO� �1 . ' �6EC.2031b)� ❑iEC. Moeia�ae¢ ' ESTIMATEDVAWE / a_a � �•MONTHLVEXPENSEEBTIMl1T . . .. � . !� �'/.r � � .,. . .. - � OFPROPERTY....= � ' ' Firolm........i . .. t-. T��es .........5 • COMMI7/TE�FORINSU1111NCE / ��p �m.Eap.S '�l � � f i! . / �4� . Maini 6 ReD��ri f Seattle ttortya�e Co�WuIY COMMI7MENT / � • . Me+tBUtilities S P•�. �OX •�3� Issued � — � 19�-• � ESTIMATEDCLOSIN6 �� E�erett. Mashln9ton ��3 E.pires - •� 19 ' � �� COST.........t � ,� � j , �� . , . � � ' EXISTING ❑PNOPOSED �. r •� i_. COMMITM�{IT�OOS MAX.MONTAMT.f • N0.6�05. MA%.INiENEST_% (SerGen. Cond. 3J . '� Improved � Sq.Ft. I N FO RMA'FI ON G�my Aroe The eslfinetes of fire inaurance,texes,maintenance/repairs, heat/utllities end closing cosls are furnishcd for mortgagee's and mortgngur's informalfon, Thcy mny be used to prepare FHA Form 2900, Application for Credit Approval,when a tirm commitment is desired. GENERAL COMMITMENT CONDITIONS 1. MAXIMUM MORTGAGE AMOUNT AND TERMS- Buundary Map In ettecl for the communfty prior to the date of (a) OCCUPANT MOPTGAGOHS:• lhe modgage amounl and term eet closing,the property will be covered by (lood ineurance tn ac- forlh In the heading are lhe maxMum approved tor tht� properly conience with FHA Regulation 203.16a. aeeuming a selisteMoryowner-occupantmorlgagor.Themeximum 2, FIRId COMMITMENT: - A Ilrm commltment to fneure a loan emount and term In the heeding mey be changed depending upon FHA rForm d2900, xecut dt by AanP epprovedr mortgeg ePand a FHA's rating ot the bormwer,his Income and credit. borrower satlafactory to the Commissbner. � (b) NONOCCUPANTMOnTOAGORS:• If the mortgegar doee not 3. COM�IITMENT TERM: - Thie commitment ahall exptre S�X occupy the hauee,the law Iimits the mex{mum mortgage amount MONTMS tmm the iaeue dele In t: �caxof en EXISTING HOUSE to nol extted 85% of themaxtmum emount availeble to an eligible orONE YEnn trom IG dete In the ceaeof PROE'OSED CONSTRUC- mortgegor who willoccupylhehouae(85% o(value IY Sec. 203(i) TION. �'FHA claaaiJies a(( caaea as either"EXlSTING'or "PRO- or 221). In lhe caee of nonoccupant mortgagors,lhe firm commit- POSED'lor fhepurpoaeoJdeterminu�gwhen acommdmenf expires. menl when ieeued will reduce the morlgage emount and terma be- Accordiniily,a house,euen though atill underconstruction,r.�+ay be low Ihat steted in the heading. claasijied as an ezisting houae iJd waa not approved 6y F NA or VA prior ro thc 6eginning oJconstruction.) (c) COMMITMENTCHANGES:• The Commisafoner mey, upon ce- 4. CANCELLATION: - Thie commitment may be cencelled after 60 I queet otthe approvedmortgagee,changethemodgegeamount and deys from the date ot Isauance itconetructiun hae no� started, un- � term eel torth In the heading. I(the appllceUon ie accompanied by Iese the mor!gegee hne disbursed loan proceeda. i e VA CRV,chengeew111bemadeoniyit VA ieeuea en emendmenL 5. PROPERTY STANDARDSo-AII cormtrucHon, repaire,orelteretfons (d) FLOOD INBURANCE COMMITMENT CONDITIONS:• Thia commi4 �raposed in lhe appllcaHon or on the drawings and epeci0cations � ment Is iseued on the condition thal it lhe properly is locnted in a rcturned herewith, shall equal or exceedthe FHA Minimum Proper- tlood hazard aree as identificd on lhe lalesl FIA Flood H¢zanl ty Standnrde. SPECIFICCOMM�TMENTCONOITIONS (App(icable ivhen checked) I. HEALTH AUTHORITY APPROVAL:-Execution of Form 2573 9. ASSURANCE OF COMPLETION:- Ittherequiredrepeirscennot i ❑by the Health Aulhority indicating upproval of ihe water eupply � be completed p�ior to submission of closingpnpers,e Form 2300 � nnd/ar eewege disposel Inetellalion Is required.(Approvnlby Ietter eacrow intheamountof5 (orsuch edditbnalamount ' or Heallh Authodty Form muy bc usedJ es the lender desires)moy be este6lfshed ns the mewns to asaum I completion. . 2. TF.RA7ITF. CONTROI.: -(u) P%X�STING HOUSF.- Fumishccrli- � ❑ficu�e from n recognir.ed Iermileconiroloperntor�hnllhe house �nd 10. SELLER'S AGI;EEMENT ANU ESCROW FOR EXISTINC olher slruc�ures wi�hin Ihe Iegnl boundnries of the properly shows � PROPERTIES FIN.WCED UNDER SECTION 235�Section 518. no evidenee o( aclive termi�c infestntion. (b1 PROPOtiF D CON- This commitment Ia Ieeued on lhe condition lhel i[ lAe modgage �. ti'PRUCTION-FurnishonecopyofTermileSoflTrealmenl Guarnm �y�obefnsuredunder5eclion235,theeeller willexecute an flgree- antee FHA Form 2052. ment ta relmburee HUD tor expenaee incurred in eepairfng avuc- lual or other defectn with reepeM to ihe property 6eing eold. The '1. I'REFA6RICATOR'S CF:HTIFICATE: • Provide Prefabricatiun (orm of agreement ahallbe preavibed by the Secretary and a eel- ❑ Cerifficale required by rclaled 6nginecrin6 I3uI1cUn. ler who is nol lhe oct:upant of lhe propeAy will depoeil 5 percen� � of Ihe ealea pd�in�e��crow with the marlgage in accordanee with 4. CARPET UNDERFLOORWG: - Nolice of subfloaring or finfsh thetermsottheagreemenl. � flooring instelled under carpel shnll be posted nt a conspicuous � locn�ion wilhin thc dwclling. 11. SECTION 223 - � ThisCommitmentfsissuedundcrSecUon_['u�auanitoSeMion 5. SUBDIVISIONREQUIREMENTS:-ComplywithRequirementallo. 223e. O Gom Report daled for 12. SECTION 221(d)(21 Subd{vision. � The �inxlmum Inaurable morigegc for n mortg¢gor o�herthen n dispinced fnmily prcsenting a CeAificate ot Ellgibflity,�FHA�Form f,. I3UII.DER'S WARRANTY:- Thebuildcr shnll execute FHAFurm 3476, fs S . � 2544, IIutlder's��'arrnntY. 13. CODE ENFORCEMENT 7. PROPERTY INSPEC'CIONS:- A nolice otconstruttlon s�ntus shnll ❑ m�b��Code�licqulm n nts.ut 1tli nmonRi�Re encumbebf Ntthe�ortY �hc gh'cn by Form 22895, Icl�cr or Ielephonc ut ihc timc fndicnled crty le lo bc insured under Section 221(d)(2)n codc compllnnce bdow: inspection is ra{uired. n. Proposed Conslruclion Cnses: (1)❑Nolificalfon shnll be gWen tor nll Pro osed Conslevetlon .PSIK nt Icnst two work dnys betom cg nn ng a con- 14. REQUIRED CERTIFICATIONS. struction" and ns mny bc InslruCted bclow. ElMrknl �Ncating �RooMg �1'lumbing (2)�Whenlhebuiidfngfsenclosed.5inic1urelfrnminBcomplele� ❑ ❑ ' ly exposed nnd roughfng-in of plumbfng,henting nnd clec- lricnl work inslnlled nnd vislble. �g. �p�RqT10N DATE: - The Totnl Velue etxted above la based (3)❑When construdfon complMed nnd property readyforoccu• � on Ve�erana Adminlstration CeAi(icetlon of Reesonable Value, en caec numbcr deted ❑b. REPAIRS NotBy FHA upon complelion of requfred repaira. � a�dleee of General Commitment Condition iJumber 3, above, � c. CERTIFICATE OF COMPLETION: A cectitkate etating lhat �hia commitmenl expires on ' , ' the modgagee hee examined the propoaed or required mpain � andihat Ihey have been aatiafaclorily compleled wlll be aceepled. i 16/$ec�p lal co Nlioni No��' �• o� �(�� 8. VA INSFECTIONS:- Furnish n copy ot a clenr VA tinal repori. M �/� � %C IF�� / '� � elow or on � uttached afieM. ' � SFND TO MORTGIICFE AFTFR AUSH(7RI2FD�G[NT SIRMS iMA fORM NO 7800 5 �b� �/�6