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<br /> `11.5.0EP>FiMENT OF 110�u5inG ar�J L��Onn OEVELGPMENT��
<br /> r��`��3.r'���� � FEOER�LHOUSIHGAOUINiSiqpTiON NOSE 5G1 21�8387 203
<br /> CONDITIONAL C0.41MITII,ENT PROP�ERTY ADDRE55
<br /> FORMORTGAGEINSURANGEUNDER 1932 Lo7Uard !'.venuo
<br /> THE NATIONAL HOUSING ACT Everett, 1•i�shin�;ton 98201 �
<br /> �SEC.403(6) � SEC.
<br /> MORTGAGEC ESTIMATE OF VALUE AND MONTHI.Y EXPENS'c
<br /> � CLOSING COSTS F,raS^'MATE f 2 i
<br /> S�:L('i�•���JOD Yi iZO$E{TS� INC• � VALUE OP PROPERTYE lITS� To�e�� , , , , S �]_ I
<br /> P. o. Box 358 aa,��9 co��: . . . . .... s �oo � i
<br /> Moin.B Repairs S�
<br /> 2612 �'letmore A7eIll19 � TOTAL(Fo/�lort�ogc .�nl�o I
<br /> /nturancePu.,���ses1...5 - Hea�6Uiil�res 5��
<br /> Everett� �'rA9}L�il��ton 98201 11 APPROVEO F COMMITMENT COMMITMENT �
<br /> ���`s ��f�8 ��o L �_ a�� k ' (/,�\ �„�,d, 3_17 „ 72 ,
<br /> � G h- 3 'f FJ�H'f��� �V/.li /� 117 G.i,. ErPirea:�5-11 19 '7'Z i
<br /> COMMITMENT TERMS MAX,MORT.AMT. S 19�17O 70 EXISTING❑PROPOSED
<br /> NO.MOS. �` MAX.INTEREST 7 I
<br /> . (See C<n. Cond.,",J) .
<br /> � Improved �
<br /> INFORMATION �����4 A�� � 5°' F�' �
<br /> The eatimntes o[ fire insurnnce, tuxes, melntenoncc/repairs, heaUutilitics end closing costs am Cum(shed Cor mortgegee's and mortgegbls i
<br /> !n(armntion. They mny be used to prcpare FIiA Facm 2900. Applicetiun for Credif Approvel� when e fi�m commitment is desired, I
<br /> GENERAL COMMITMENT C:ONDITIONS � �
<br /> I. M1fAXCdUM1f M1IORTGAGE A6fOU:IT AND TERMS- � � , i
<br /> (n) OCCUPANT MORTGAGORS: The mortgage amount and tenn 3. C057\t[T6�\T TER\t:� This commitmen[ shall expire SIX M��N i-;i5 �
<br /> set (orth in the hendine. arc thc maximum approved [ar this prop- (rom the issuc datc in thc wse oE an E.l'ISTIYG HOV56 :r ONE
<br /> erty �ssuming o satisfacmry owner-occupant mort�a,or. The YEAR Crom its date in the case o( PROPOSED CO\ST;iUCTIO\.
<br /> maxirtmm amount nnd term in the heading may hr changed depend- (F(fi1 c(¢ssifies al( cases as ci�hcr "E.1'ICTlNr•• or
<br /> inG upon FI[A's ratro� o( qic harrdwcr, f�is incamc �nd cmdit. ppSEO" or !he ���'XO-
<br /> f purpose of determining u,d�en� a commi[mcn! en �
<br /> (b) NONOCCUPANT MORTGAvORS: 1f thc mnrtEa�or does not pires, Attordingl�, a housc, evert though shll under eon:�trun �
<br /> occupy the house, the Ia�Y limits the mazimum mortgage amount to tion, may be e(ossified as an exisling houst if it was not anproved '
<br /> not m exceed 85 e o( thc moximum amm��i available to an eligi- by FHA ar �A prior to 1he beginning o�r�nstruction.J �
<br /> uIc mort�aCor who �vill occupy the F.suse (BSi. o( yalue if See. �
<br /> 203(i) or 221). In the case of nenecccpant mortgagorsr the firm �
<br /> commitment when issued will mduce the mortgege anounf ond h• CANCELLATION:-This commit:�+en[ may 6e cancelled F`.er 60
<br /> lerms bclow that stnted in the heading. days (rom Ihe dafe o( issup:�ce i[ conslruction hns not iWrted�
<br /> (c) COMMITMENT CHANGES: The Commissioner may, upon re- unless the mortga�ee hos dis6ursed loen proceeds. .
<br /> qucst a( Ihe npproved mcrt{;agee, chonye Lhe mort�age nmour.t ��
<br /> and temi sel (orth In the hending. 1f tl�c upplication is actom• 5. PROPERTY STAKUARDS:-All eonstruetion, repuirs, or a1Mra-
<br /> panicd by n VA CRV, changes will be made oniy i( VA issucs
<br /> an nmendment. tions proposed :n Ihe applica(ion or on the drawings nnd spetiti-
<br /> 2. F1R1; C0�f11ITAliiN'1':-A (irm commilment to insure n lonn wi11 be �otions reb•.ined herewith, shail cqual or execed the FHA M1fini-
<br /> issucd upnn recript ot ��n Applicotion for Credit Approval, Ff1A mum Prn,rer[y $londards, ot (he deviolions u�rced upon purr.u:ml
<br /> Porm 2900, caceuted Ly un approved morlgn�ce ond ¢ borrowcr �o Pu�,�osc nnd �cope provisione o(Gcncral Revision No. 6,dateJ
<br /> sntis(nctory lo thc Commicsionec,� A+�.gust, 1968. .
<br /> SPECIFIC COfAMIT1AENT CONDIT!JNS(Applic�b[c wl�cn checkcdJ . ,�
<br /> L HEALTtI AUT[IORITY APPROVAL:-Ezecution of Form 257? by 6. VA INSPGCTiOtiS:-Fumish a topy af o clear VA finaf report. �
<br /> 0 thc 13eolth Authority indir_atin�; epproval of (he watcr suppl) and/ �
<br /> or sewage disposal instnllation is requircd. (Approval by letter �, pSSURA\CE Ui� C011PLETIO\:-IC Ihc required repairs connot
<br /> or Iienl[I�Authori[y Form mny bc used,) ' � bc com icted
<br /> Q P prior to submission o[ closing papers, a Form 2300
<br /> - estrow in thc .mount oC 5 (or such oddi(ionnl
<br /> 2. - TL•RAfITE CONTROL:-(a) GIISTING HOUSE' Purnish certi(icate ���unt ae the Ir.nder desires) may be established os the menna
<br /> � (rom n reco�nia.ed tcrmitc control operato. that lhc housc shows �o as;un eompletion.
<br /> no evidencc a(en active termite in(esta�:on. (b) PfiOP056D COS- 8� SECTION 235 AUTI10^nITY:
<br /> STRUCTION - Fumish original nnd .�vo eopies of Te�mite Soil (�) Q This commitment may be converted to sectian 235(i) upnn
<br /> Trenlment Cunrnnlce FHA Porm 25�2, feccipt oC an appiicalion caveru�g an eli�iblo borro�acr.
<br /> � Contrnct nuttmdty !ar thtn purposc hon 6een oblignted.
<br /> 3. SU6DIVISION REQUIF2E�^�NTS:-Comply with Requtremer.ts (b) Q 1C contract nuthori(y is ovnilnble, lhis commitment moy
<br /> � No. � be eonvrrted [o section 235(i) upon receipt o( a� nppl(.
<br /> fmm Report dnted_ ro� enlion covering nn eli�ible borrower.
<br /> . Subdivisiom 9' ��F'IRATfO;i DATE:-Thc Tolnl Vnluc statcd nbovc is bnsud
<br /> Q on Vetcrans Administra4on Ccrtificatc o( Rcasonablc Valuc,
<br /> ea5e numbcr �dalcd
<br /> '�• 13UILDER'F �YARRANI'Y:-Thc bulldcr sholl exccutc FHA Porm Regnrd(ess of General Commitmcnt Condition i7umbcr 3, aLovc,
<br /> Q 25A4� L'uitder's Walranly. . this commitmen[ expkes on
<br /> 10.
<br /> 5. PFJPL•RTY ]NSPBC'CIONS:-A natice o( conslruction sWtus �, See speciil conditions No. �.�.� 1.3� �.6� ].9� 21�
<br /> �.hali be givcn by form 2289X� letter or tclephonc at thc timc I' � r
<br /> indicu(ed b�io��: other 1 t�lI'U µ, 723� 39b� ��� 79 FC 7�clow or on
<br /> (n.) ALL PROPOSCD CONSTRUCTION CASES: atWched ehceG
<br /> I (l,) Q At Icast two �vork d�ys beCorc ��LC(,+IMLf� oC
<br /> COII;INC(IOO.��
<br /> (2.) Q 11'Len the buildin` is Cnclosed, strucWral CraminC 1i1:��J '��Q � G'.�nTA
<br /> cmnplctcly ezpascd and munhinr-in oC plumhenp„ uCO�Z.Zw�1j��'y,l�l�.},[}
<br /> hcaling and cleclrical u'ork inst�lled and visible
<br /> (3.) � \Vhen constmetion compte[ed and property ready �
<br /> for occupancy.
<br /> (b.) � RLVAIRS: No4[y FFSA upan eompletiou oC requimd
<br /> repairs.
<br /> (c.) Q CGhi'II+ICATE OC COGIPLCT30\: A ccrtificate
<br /> ctating tl�at Ihc mortgagcc hae exnmined lhe propased . �
<br /> or required repuirs �r.d that lliey haVe been sa45fae-
<br /> torily completed will be accepted,
<br /> • .�_- ;2 :•'. .1.5 Il. 1 •p -.-^.f... . .. _ •.Illli I1J If.11910/.011 Al ll'al.Illl;l:rl:llU �l•llal •.i: �'�',
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