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<br /> _--_ __ \ FHA
<br /> ' � 6 JEPAflib1ENTOFH0U51NGAAOUl10ANDEV`_LOMMENT�
<br /> � � , . FEDEflALM0U51NGAOAtINIS�NqT10N CASE � ' ' � �
<br /> NO. 1
<br /> �/ CONDITIONALCOMMITMENT � � PNOPEflTYApDHESS �`O� /L/�C�
<br /> FOflMOfITGAGEINSURANCEUNOEH ;;��? r::,,,;..,-�;�3 :'.vcruc «
<br /> 7HE NATIONAI HOUSING ACT
<br /> CvcrcC:, si�imtt �n . '?�7j
<br /> ❑SEC,203(b1 ;❑SEC. ��:� �, o
<br /> MORTGAGEE
<br /> • ESTIMA'i ED VALUE 7.MONTHLV EXPENSE ESTIMATE
<br /> �< ' ' - —
<br /> OFPftOPEn^TY....S .�' • '-'<" Firelns........ s '-'
<br /> ' .........5 "� �,' �.
<br /> " ' v i:)i1L;PC$� IP,�:. . COMMITTEDFONINSUflANCE 7axes _
<br /> �� .�� ..� ::< 'f'.1 . Condo.Com.6p.5 _..
<br /> •:.� � �� . . -. Mein G RePairs 5
<br /> •-'���'�':i� '::i1�C�j�:il `. �.. �• COMMITMENT �� . Heat di UGlities S ��- '� '
<br /> ISSOOA � � +��
<br /> Evims 1 �� -� / �9 '% � ESTIMATEDCIOSING
<br /> P ,.'r � i 19 COST.........5 • .
<br /> � � � ' i .� f; Q E%IS7ING ❑PROPOSED
<br /> COMMITMENT.TERMS' �� MAXh10qLAMT.S' � "- NO.MOS. ��'��' MAX.INTEREST��% �SrcGe.t. Cond. JJ
<br /> I N FO R MATI O N lmprovotl
<br /> Living A�ea � � Sv.Ft.
<br /> The estimntea ot firc Ineurnnce,�p%C9�mnlnlennncc/rcpuirs, henl/utililics nnd C�OY�p� CO519 nrc furnished fnr morigngce's nnd mortgogor'e
<br /> informatlon, Thcy mny bc used�o prepnrc FHA Form 2�J00, Applicntiun fur Crcdil Appruvnl,when �finn co�mnilment Is dcsired.
<br /> GENERAL COMMITMENT CONDITIONS
<br /> 1. TIASI\1UM\IORTCAGRAAfOWTANDTI:RJ4S• 2. Pllt\i COD1�tITMIBN7'; - A Orm cammliment to Insure n lunn
<br /> (n) OCLUPANT MORTGAGORSo- Ihc morlgngc nmounl nnd lcrm set will bc lanucd upon rcoclpl of nn Appllcntlun !or Crcdit Approvni,
<br /> fodli in the hending nrn tUe maximum upproved for this property 1'IIA Form 2900, execuled by nn npproved mortqagee ond n
<br /> assuming qsaqs(acloryowncrvoccupnntmortgugoeT6emnximum �orrowcrsnlisfnclory to lhc Cummissioncr.
<br /> nmowit nnd term In the hending may be chnnged deNending upon 3. COnt ht l'PM F.N'1' 7'F.I2A7: - Thln commilmenl nhnll expire SI%
<br /> IP IIA•s rating of thc borrower,his Incomc nnd crcdit. MONTNS Gom �hc I9suc dalc in ihc cnnco( nn 14XIti PIN(: IIOUSP.
<br /> o�ONE VEAB Gom Iln dn�c In !hc cnscuf I'ItOPUS. U CUN57'RUG
<br /> (b) NONOCCUPANT MOqTGAGORS:- If �hc mortgngor docs not 790N. (b'!!A clns�ifica aH tnxce ns rifhc� "RX/S.'!NG'or '1'RO-
<br /> occupy the house,the Inw Ihnite the mnxfmum morlgoge amouut � POSF.'D'(orUieI�urposeo/defennining mhenaCommilment ezJiiree.
<br /> to nol exeeed 85% of themnximum nmount nvoiL�ble to nn cligible ' Accordu�gfy,a huuae,even though atil!undercoacfnaction,may 6e
<br /> mortgngor who�villoccupy�hchouxe(85% o(vnlue If Sea 203(I) �lassi�icd na nn excling houae i�i1 mna nof npproved by FHA or
<br /> or 221). In thc cnnc ot nonoccupnnt mortgngors,�hc Orm commib VA prior fo!hc beginning o/cwiqtruclion.)
<br /> ment when Isnued w•111 reduce the mortgnge nmounl�md Iermn be- 4• CANCI�.Li,A'1'ION: • 7'hln commllinenl mny be cnnedled nfler GQ
<br /> low lhnt xlnled In lhe Lendl:�g. duyx from Ihe Jide of ixsumim if conxlructiun Imn no� elnrted, un-
<br /> Iene Ihc morlgngcc hna dfsbarecd Imm procc�da.
<br /> (c) COMMI7MENTCHANGES:• The Commiesioner muy, upon re- 6. I'I20PIiRTY STANUARUSo-AII constcuction, rcpaire,orniteratimie
<br /> queetoltheapprovedmoclgagee,changethemorigngenmaunt nnd proposed in the applicntlonoronthedrnwinqennd npecificattone
<br /> term eet forlh Li the hending. It the epplicn�lon is accompnnied by mlurned hcrewith, ehnil eqael or exceed fhe FIdAMlnimum Proper-
<br /> a VACRV,changeewi116emadeonlyif VA Issucs nn nmendmenl, ty Stnndnrda.
<br /> SPECIFICCOMMITMENTCONDITIONS (Applica6le mhen chedred)
<br /> ]� IIBAI.TH AU'1'IIOIiITY APPROVAL:-Executlon ot Form 2fi73 D. AtiSRItANCP:OF COMI'I.BTION:• Ifihereq�dredrepnlrncnnnol
<br /> (�J by Ihc Iicnllh Mdhorlty IndlpUlnq npprovnl of �hc wNer eunn�y ❑ bc complcicJ prior In xubmiselnn nf clnningpnpern,n l+orm 2:300
<br /> und/ornewngedlnpoenlinslnllntlonlercqulred.(ApprovulbylcUer excrowh�thcnmounlo(S (orauchnddlllannlnmount
<br /> or Heallh Authorily Form mny bc uacd.) ns lhc Iendcr deslres)muy be eslabllshed na lhc menne to aeeurc
<br /> 2. 'fERA11TE CONTHOL: •(a) iiSISTING HOOSE• Purnixhcerq- complcllon.
<br /> �ficate from u recognized termllecontrolopernterlhnUhc houee and 10. SELLliR'S AGREET4CNT ANU ESCR0IV FOR liXISTING
<br /> other alructurca within the Icgnl boundnriea of the property showe � PROPI;RTIES FINANCBD UNDF.R SGCTION 235-Sectlon 618.
<br /> no evidenrn of ncllvc Iennilc Infeslalion. (b) PIiOPOStiD CON-
<br /> STRUCTION-Pumlahonecopyaf9'crmileSoil7'rmtment Cunrnm Thle commllment ie iesued on lhecondltionthntif thc mortgage
<br /> Iee FHA Form 30b2, is lo be Ineurnd underSection236,lheeeller wlll execule nn ngrer
<br /> menl to reimburee HUD for expeneee Incurred In rcpniring etruc-
<br /> 3. PRF.A'NIRICATOR'S CRItTIFiCATIi: • Provide Preh�brfcntion <<�nl or olher Je(ectswithreepecttotheproperty being soid. The
<br /> ❑Certfitcale r�uircd by relnled F,ng{ncerfng Ou1lclin. form ot ngrecment eLnll be prcecrlbed by the Secrctnry and n eel-
<br /> ler who le not the occupnnt of the property wlll deposil 6 percenl
<br /> a. enxrr•.T UNDIsRFi.00RING: - Notice ut subtlooring or finish ot lhe enlca priQ In eacrow with the modgage In eccordance wllh
<br /> ❑ flooring hislnlled under cnrpM ehall be posled nt ¢ conspicuoue �>>e lerme otthe egreemenl.
<br /> IocnUon within thc dwelling.
<br /> 11. SIsCT10N 223
<br /> L. SUllDIVISIONREQUIREMENTS:•ComplywlthRequirementeNo. ❑ 'CliisCommitmentlsiesuedundcrSeMlon_l'ureunnito5ectlon
<br /> � 223c.
<br /> &om Reporldn�ed �a� �2 SI:C140N 22l(d)(2)
<br /> Subdlvlslon. 1 �7'heMnxfmum Insurnblemodgngetornmorlgngorolhcrthnn n
<br /> T��Ispinced fn i I � cecnling n CeNificnle o(Iillgibi111y,.FHA•Form
<br /> fi. IlU1LDli12'S�VA RRAMPN• Thc bu{Ider ahall executc FHA Form � �A7G, ie $�_,}_t?
<br /> � 2544, IIullAcr's Nnrrnnty.
<br /> 13. CODE ENrORCEMENT
<br /> ,7.�PROPERTY INSPECTIONS:-A notice o(construction st¢tus ehnll ❑ Submit n stntemenl from Public Authority thutlhesu6Ject property
<br /> �bc given by Form 2289X, Ictter or tclephonc nt thc Ifmc Indicnted mccls Code Ficqulmments. I(thc mort6n6e encumUcring thc prop-
<br /> below: erly in lo be Inmved under SecUon 221(d)(2)u code compllnnee
<br /> n. Proposed Conslnictlon Cnaes: Inapec�lon Ix rtt�uired,
<br /> (1)�Nnlificntlon sh;Jl bc given fur nll Prn�nscd Cnnstnicliun
<br /> :nscv_nl lcnvt hvo work dnyn Ucforc eg nn ng o con• 14. R�QUIRGU CERTIFICATIONS.
<br /> stnmtion" nnd ns mny 1>c Instnicted bdow.
<br /> (2)�Whenthebulldingisenclased,struclurnlfrnmingcomplelo- � �Electricnl �HenUng �liootlng �pinmbing
<br /> ly caposcd nn�rouqhing-in of piumbinq,hen�fngnnd elec�
<br /> �Acnl�vork inslnlled nnd visiblc.
<br /> (3)❑�17sn constn�ction completed and property rendy(oroccu• lb. ]iXPIRATION DATIi: • The Tolnl Vnlue slnled abovc la bnscd
<br /> P^���Y� � on Vctcrnne Adminlatrntion Ccrllficntlon of Rcnsonnblc Vnluc,
<br /> �i�P;11Ii5: NotJy FHA upon complcllon ot rcquimd repnlra. cnse numbcr d¢ted
<br /> a Cli12'PIb'ICATE OF COMPLtiTION: A certlfic¢te atnting thnt � ReGnrdless o( GenerN Commilment Condillon Num6cr 3, nbove,�
<br /> the morigu�ce hne cxnmined thc proposed or rcquired mpnlrs thls commitment expires on
<br /> and that thcy have becn eatietnctorily completed wlll be accepted. �
<br /> B. VA INSPECTIONS:-Furnieh n copy of a clear VA (Inal reporl. � S�o$pe�o�ondi4a,�xyr � l/� / �
<br /> `' � `' • '� N• bclow or on.
<br /> � nttached eheeL
<br /> v� y��
<br /> •M�(.`S\I\� 1�.\1pP��' : �A Pflf f�Mf� tn4 e� ��qn��rn�� I
<br /> � 1.11 11.....(�(f�RE[I...lT.. irq7c�•.�ie
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