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Form Appravud <br />OMB No 63,R7 366 <br />1A MORTGAGEE NO. - -FHA <br />- S r U.6.DEP'FEDERALHOUSUIG ADMIINITRATmN <br />RSELOPIAENT• CASE <br />r <br />�-120 Cr3.i <br />NO. <br />CONDITIONALCOMMITNIENT <br />PROPERTYADDRESS <br />FOR MORTGAGE INSURANCE UNDER <br />313 Columbia Av--aOe <br />THE NP 710NAL HOUSING ACT,rar <br />Gtts I a$Iniiigtea <br />93203 <br />SEC. 203(h) ® SEC. 221 <br />- <br />ORTGAGEE <br />� ESTIfdED.1TzTED VALUE <br />7. MONTHLY EXPENSE ESTIMATE <br />OF PROPERTY....:._ <br />" <br />Fire Ins <br />SaaLt10 h!O: Ci.'-r]Q CO+y7r1r^-V <br />.. <br />Taxes. ..S <br />Condo. Coat.om.EspS <br />COMMI7TEU FOR INSU ONCE <br />11.0. tl 7= 2231 <br />11 i ' %: ; tt -. <br />Main G Rcpairs S ' <br />r,u -rot*a V3OhLtigtcm 193203 <br />HeatIlUt.hues S - <br />COMMITMENT <br />Issued �) �~ <br />ESTIMATED CLOSING. ' <br />COST......... if <br />! 19 <br />Expires ( 19'`� <br />y . •j - c EXISTING ❑ '90FOSED <br />COMMITM17I�N{-F&MI S MAX. MI RT.AMT.6 ~� (v lJ NOJADS �r'(', _MAXANTEREST i 9% f Mea Crn. Cord. 7) <br />INFORMATION Improved /b <br />Living Area S0. Ft. <br />The estimates of fire Insurance, taxes, inaIniennnce/Top airs, heatfutilitiea and closing costs nTo furnished for in a rigagcc's and mortgagor's <br />information, They may be Used to prepare FHA Form 2900, Application for Credit Apploval,when a firm commitment Is desired. <br />GEN ERAL COMMITMENT CONDITIONS <br />MAXIMUM MORTGAGE AMOUNT AND TERMS - <br />(n) OCCUPANT MORTGAGORS:- the mortgagc'amounl and term act <br />forth In the heading am the maximum approved for this property <br />assuming q satisfactory owner -occupant mortgagor. The maximum <br />amount and term In the heading may be changed depending upon <br />FIIA's rating of the borrower, his Income and credit. <br />(b) LONOCCUPANT MORTGAGORS:. If the mortgagor does not <br />occupy the house, the law limits the maximum mortgage amount <br />to oat exceed 85% of themaximum amount avafl3ble to an eligible <br />mortgagor who will occupy the house (85% ofyalue if Sec. 203(1) <br />or 221). In the case of nonoccupant mortgagors, the firm commit• <br />ment when Issued will reduce the mortgage amour and terms be- <br />low that stated In the heading. <br />(c) COMMITMENT CHANGES:• The Commissioner may, upon re- <br />quest of the cpproved mortgagee, change the mortgage amount and <br />term set forth In the heading. If the application Is excompanted by <br />❑ VA CRV, changes willbe madeonly if VA Issues an amendment. <br />SPECIFIC COMMTMENT CONDIT <br />L HEALTH AUTHORITY APPROVAL: -Execution of Form 2573 <br />Jby the Health Authority indicating approval of the water supply <br />and/or sewage disposal Installation Is requlred.(Approvalby letter <br />or Health Authority Form may be used.) <br />TERMITE CONTROL: -(a) EXISTING 110USE - Furnish certi- <br />] fleate from a recognized term He control operator that the house and <br />other structures within the legal boundaries of the property shows <br />no evidence of active termite Infestation. A PROPOSED CON- <br />STRUCTION- Furnish one.copyolTermite SoilTreatment Guaran- <br />tee FIIA Form 2052. <br />1. Pit E FAB RI CATO R'S CERTIFICATE: - Provide Prefabrication <br />] Certificate required by related Engineering Bulletin. <br />t. CARPET UNDL''RFLOORING: - Notice or sub0uoring or finish <br />] flooring installed under carpet shall be posted at It conspicuous <br />location within the dwelling. <br />5. SUBDIVISION REQUIREM ENTS:•Coniply with <br />] <br />from Report dated for_ <br />Subdivision. <br />6. RIIILUER'SWAItitAN7'Y:-9'hebuilders1m11execulcFHAForm <br />,] 2544, Rullder's Warranty. <br />f7.�ifItOPERTY INSPECTIONS:- A notice of construction status shall <br />"t be given by Form 2289X, letter or telephone at the time Indicated <br />-s below: <br />u. Proposed Construction Cases: <br />(I )❑ Notification shall be given for all Pro oavd Con ellon <br />Cises at least two work days before eg nit ng o con- <br />struction" and us may be Instructed below. <br />(2) ❑ W hen the building Is enclosed, structural framing complete• <br />ly exposed and roughing -in of plumbing, henting and cleo <br />trical work Installed and visible. <br />• (3)❑\Vhen construction completed and property ceadyforoccu- <br />an <br />b RRPAI1t,5 Notify. FHA upon completion of required repairs. <br />c. 1b'1LAT. OF COMPLETION: A ceriificate staling that <br />the mort�Ogee has examined the pproposed or rooqqulrcd repairs <br />and that they have been salisfactor8y completed wit accepted, <br />8. VA INSPECTIONS: - Furnish a copy of a clear VA final report. <br />11 <br />2. FIRM COMMITMENT: - A firm commitment to insure a loan <br />will be Issued upon recelpt of on Application for Credit Approval, <br />' FIIA Form 2900, executed by an approved mortgagee and a <br />borrower satisfactory to the Commissioner. <br />3. COMMITMRNT TERM: - This commitment shall expire SIX <br />MONTHS front the issue date In the cascof nn EXISTING HOUSE <br />or ONE YEAR from its (title in the cascof PROPOSED CONSTRUC- <br />TION. (FIIA classifies all cases as either "EXISTING" or "PRO- <br />POSED *for thepu rpose ofdcte, in fining when a corninitmen/ expires. <br />Accordingly, ahouse,cuen though stilt un&rcanslructiun, may be <br />elassiCed as an existing house if it was not approved by FIIA or <br />VA prior to the beginning of construction.) <br />4. CANCELLATION: - This commitment may be cancelled after 60 <br />days from the dale of Issuance If construction has not started, un• <br />less the mortgagee has disbursed loan proceeds. <br />5. PROPERTY STANDARDS: -All construction, repaira,or aberall-ns <br />proposed in the application or on the drawings and specifications <br />returned herewith, shall equal or exceedthe FHA Minimum Proper. <br />ty Standards. <br />DNS (Applicable when checked) <br />9. ASSURANCE OF COMPLETION:- Iftherequlredrepairscannol <br />be completed prior to submission of closing papers, a Form 2300 <br />escrow in the amount of $ (or such ndditional union nt <br />as the lender desims) may be established as the means to assure <br />completion. <br />10. SELLER'S AGREEMENT AND ESCROW FOR EXISTING <br />PROPERTIES FINANCED UNDER SECTION 235-Section 518. <br />This commitment Is Issued on the condition that if the mortgage <br />Is to be Insured under Section 235, theseiler will execute an agree- <br />ment to reimburse It UD for expenses Incurred in repnirhig auue- <br />lual or other defects with respect to the properly being sold. The <br />form of agreement shall be prescribed by the Secretary mid a sel• <br />ler who Is not the occupant of the properly will deposit 5 percent <br />of the sales price in escrow with the mortgage In accordance with <br />the terms of the agreement. <br />11. SECTION 223 <br />This Commitment Is issued tinder Scction_Pursuant to Sceilon <br />223e. <br />2. SECTION 221(rl)(2) <br />Tits Maximum Insurable mortgage for a mortgagor olherthun u <br />displaced fnpnkly pm/' nl g a Certificate of F.Ilgibilfty,T11A•Furm <br />3.470, Is S Q1,70! <br />13. CONE HNFORI-EM1iNT <br />O Submit a statement from Public -Authority lhalthesub)ect property <br />meets Code Requlmi nenls. If the mortgage encumbering the prop <br />erly is to be Insured under Suction 221(d)(2) a code complianc, <br />Inspection is required. <br />14. REQUIRED CERTIFICATIONS. <br />13 EIEleclrical [jHenting []Roofing []Plumbing <br />15. EXPIRATION DATE: - The 'Pohl Value stnted above Is based <br />R-on Veterans Administration Certification of Reasonable Value, <br />cuss number dated <br />Regardless of General Commitment Condition Number 3, above,• <br />this commitment expires on <br />to.. Sec s cci cone lt�7 �+q. <br />�� <br />m� �l�l `F VC bfIoor on. <br />.,tachedehL%t. "JG VV <br />VC, vG�rf ✓Gel ' <br />HA FORM NO.2a00 6 REV. 2176 SEND TO MORTGAGEE AFTER AUTHO RIIED AGENT SIGN,- <br />