|
FMA �30flTf•AGEE NO.
<br />�_�_�_._ _ .. �j FHA__--
<br />U. S. DEPARTNCNT OF H01/51NG aN� UFMN DEVELOPMENT� CASE� �
<br />iE�FRALM0U5iNGApMIMS�4nTIUN � � NO. ,
<br />PROPERTY ADDRESS '
<br />:�GLi 'e.tir;t;�::CJ 1C7� i+ti��'1`c'LL.
<br />1=�.,- . �ii� !!'A,' : i
<br />CONDITiONAL COMMIT�AEN7
<br />� FOR MORTGAGEINSURANCE UNDER
<br />THE NATIONAL HOUSING ACT
<br />� SEC. 207�6) � SEC.
<br />MORTGAGEE
<br />: i. . ,
<br />, ���. � �-, i�-�'.i
<br />� l�_.. .._ . , '
<br />COMMII`MENT TERMS MAR, MORT. AMT. S�
<br />3/7/%,7
<br />ES1'lMATE OF VALUE AND
<br />CLv^SING COSTS
<br />VALUE OF PROPER7Y5 /�.:
<br />Closing Cos�s ........ b
<br />TOTAL (Fnr dlnrtgngc ,
<br />lnaw�vncr. PurpuscsJ... 5����.'
<br />APPROVED FOR COMMITMENT
<br />. i . i� �.� . ...
<br />/D/7�n NO.MOS.�QMAX.INTERESY_�:
<br />j. �t . '.1 �' I.
<br />,: -. "r.?z
<br />MONTHLY E%PENSE
<br />ESTIMATE
<br />�,� i�.. . . . s—,_
<br />�owea..... 5 � �
<br />Aain.B Repa��s E -
<br />Ieo�BU�iiines b {
<br />COMMITmENT
<br />Is�oed: � ' �9 -
<br />Eaoi.er. �, � 19
<br />(. IE%ISTINGO PRQPUSED
<br />Gen. I'nnd. �d 1
<br />�,. i�,1.. 5a.
<br />INFORMATION
<br />7'he eslimates of fire inswancer texes� meintennnce/repelre� hcat%ulilitics end closing casts nre (umished (ot mortgnF.eds nnd mortgnGor's
<br />W(ormalion. They may be used to prcpore PHA Fortn 2760. Applicelion ior Credit Approvel, when e firm commitment is desired.
<br />GENERAL COMMIT1dENT CONDITIONS
<br />l. h1AXI'dUAI �f02TGAGE AAfOUNT AND TERh7S -
<br />(a) UCCUPANT MORTGAGORS: Thc mortgage amount nnd tr.rm
<br />scl fmth in lhc hcading are lhe maximum approved tor lhis pr.�p-
<br />or(y nssvming n satisfaclory awncr•occupnnt morlg�{;or. Tiic
<br />mnximum amaunt nnd tcrm in thc hendin{; mny be chanGed depcnd-
<br />ing uPon FIIA's rnling o[ the borroweq his incomc and uedil.
<br />(b) NONOCNPANT MORTGAGORS: I( thc mortgagor docs not
<br />occupy ��+c housa, thc law limits Ihc mnximum mortgnge nmount to
<br />not to excecd 85 � af thc maximum amount nvnilahlc lo nn eii�i•
<br />ble nwrp;ar�r �vho v:ill occupy the house (BSio o( vaWe if Sec.
<br />�p;y(�� or 221). In the casc of nonoccupan[ morl�agors, lhc (irm
<br />commilmenl «'hen issued �.vi❑ reduee thc mortgagc nmounl and
<br />tcrms bclou• Urrt stnlcd in lhc hcading.
<br />(c) COMMITMENT CHANGES: The Commissioner moy, upon re-
<br />quest ��f lhe approved mortg�gee, chnnge thc marlg�ge nmount
<br />nnd leim r.et forth in lhe hcediny I( lhe nppiica;ion is occom-
<br />pnnicd by n VA CRV, thnnges will be mode only i[ VA issues
<br />nn nmendment.
<br />2. I%IRl1 CONAIITM1IENT:-A �irm commilment to insure a loun wi❑ hc
<br />i�sneJ upon reeeipt of ��n Applienlion fnr Credi[ Approval, PIIA
<br />[Carm 2900r execuled by nn npPraved morlp,ngce end a botrowcr
<br />satisfnctop' lo lhc Cammissioneq
<br />3. COM1fA1ITh1LNT TEF.N: 'fhis commitment sh:ill ezpire SIX MONTHS
<br />(rnm ihe issuc dnlc in lhe cnse oC nn EXISTING ❑OUti(; or ONE
<br />YE/.ri Crom its dnte in Ihc cosc of PROPOSED CON�'PRUCf1UN.
<br />(FNA clas:;�i�•s nll cn..�rs ns eidirr "li.Y/5'(IA'G" ur "!'HO-
<br />P2ti(;D" l�r !bc purposc nJ drfcrmining u�hen �� conimi[mrnr �v-
<br />pires. dr,mrdingly, n h�mse, rnen thnugh slil( undrr c,m.tn�r•
<br />linn. mny Lc clns.cificd ns nn ^risfing hnusr if il u�na nnt cpprnrrr(
<br />by F/lA or VA prior en Ihe Lr�inning n/ consrn¢�i,�n.)
<br />A. CANCEI.LATION:-This commitmenl mny he cancclled nlb�r fii1
<br />dnyx (rom lhe dalc o( issuom'c if cm�struction hos not �tnrt��d�
<br />unless [he morlgngee h�s disbursed lonn proceeAs.
<br />S. PROPCR9R $TANDARDS:-A❑ cmizltuction, ��'p���%, or nl�orn-
<br />tinns pmpneCd in IhC npplication or on lite dr:�«'in�;� nnd vprri(i-
<br />en'ions returned herewith, sh�dl rqunl or exceeA We r'IIA S1ini•
<br />mum PropertY Slnndnrde. ur lhc deviniionv aerrcd upun P��r�uanl
<br />tu purposc nnd neope provisions o( Generxl Rev�sion No. 6, d:�trA
<br />Au�u�t, 1J68.
<br />SPECIFIC COMMITMENT CONDITIONS (Applianhle u�hen chrrkedJ
<br />i. IIL•'ALTII AUTIIORII'Y AFPROVAL:-�xecution of Portn 2573 by
<br />�� lhe Iicnith Authoril5' indicnting npprovol of ihe w.lcr suPPIY ���d)
<br />or sc�cagc di�sposni inslallation ls required. (ApProval by le[ter
<br />ar Henilh Aul6ority Farm mny be used.)
<br />TGR\tI'PE CONTROL:-(�) EXISTING HOUSE - Furnish ccrliCicate
<br />fr�+m n recognizcil tcrmilc contml operator Ihnt Uw housc shows
<br />no evidence af nn active lerm'.Le infeslxtion. (b) PROPOSGD CON-
<br />STRUCTION -Fumiah oriqirol ond lwc copics of Tcrn�itc Soil
<br />Trentmenl Gunrantcc PHA Porm 2052•
<br />3. SUT3DIVISION R6QUIREAtENTS:-Compiy witu Requtremcnts
<br />� No._—
<br />fmm Report dnted
<br />❑UtLD1:R'S 15'AI2RANTY:-The bulider ahnll execute FHA Form
<br />254M1, OuildePs Wartanty.
<br />5• PROPGRTY INSPCCT[ONS:-A nolicc aC cansWclian sluWs
<br />shnll be Q,ivcn by Form 2289%. letler or lelephone a[ the tlme
<br />L�dicaled bc�aw:
<br />(n.) ALL PROPOSEI7 CONSTRUCTION CASL•'S:
<br />(�,) Q At Icn,t lwa work days betore �'6eginninG of
<br />construction.^ �
<br />(Z,� �{5'hen lhe buildin� is enclosed, stmctural (rnmin�
<br />canplcleiy expoced ond raughing-in a( plumbing,
<br />iicoting�nnd cleclrital wprk �nstalled nnd visibte
<br />(3.) Q 14'hen con'stmcUon compleMd nnd property rendy
<br />� for occupancy.
<br />��,,) REPAIRS: Notify PEfA upon completion of required
<br />repairs.
<br />(e,) � C!iR'f1�ICATE OF COM1iPLETION: A eerti(Icnte
<br />�.;(a(ing th:rt lhe mort�ngcc hoc exnnined the proposed
<br />or required repolrs and lhat lhey hayn 6eert 6uUs(oo-
<br />torlly campleted wlll be acceptod.
<br />G. VA INSPFCT[ONS:-Gumish e coyy o( n cle. r VA f�n��l r��p��r�.
<br />7O. ASSURANCE Of COMPLEYION:-1! �hc requin•d mpnirv c��nnni
<br />Q 6c comPlc�cd prior to submisslen of closing P�P�rs, n F�,rm .!]00
<br />e^.crow tn Ihc amouN o( $ (or surh nddrtmnnl
<br />mm�unt :�s Ihc IenAcr Aesires) mny be cutnbli�:hed ns the mr:md
<br />Ia nscure complcUon.
<br />8� SFCTION 235 AU'ff{OR'TY:
<br />(o) Q This commitmcnl mnV bc com'�•rled lo scclion 23ch1 �ip����
<br />recriVl o! nn npplit�tinn voecrin�, nn rliRiLlr bnrt��v:��r.
<br />Conitnr.l uulNoritV (o� Ihis purp��sc Lns hr�•n nl�h��ulyd.
<br />(b) Q I( conlrect nulhnritY is xvniL�ble. Ihis commitm�.nl n�:�v
<br />Ae converted lo seclion 23$(i) upon revcipt �d nn ��ppli-
<br />cnlion covering an eligible bnrrower.
<br />9• GXPIRATION DATG:-Thc T'olal Vnlue s�nh�d nhncc �s 6+�soJ
<br />Q on Vcler<n�s Administrnlinn Cerlific�te ai Rensom�blr W�lue,
<br />casc nnmher_—_—_—___'.dn�rA__. _ ..__..
<br />Regardless af Gencrnl Commdmenl Conditlon Numbrr 3, nbove,
<br />th�s commilment expires on. --. --
<br />I0.
<br />�See speclal condilions No.��� ���/ �5t"�• �L' �������/y' �/�
<br />.� 3 1-"� rnr�i.�� �`j r 2,- �C� J 7, 9;r: Yi, Yc',— i.�•i„w� ,�. e�
<br />e�tnched aheet. '/�/, •S y, .i `/, �t 71,
<br />�
<br />�� "_�i..-�i/i!- i '�J�-�` S ~C i •3 � %
<br />�% %Y1Zfr�t-L-v !�
<br />�ii�.�(/L L
<br />� ,�«� ,
<br />,J�,�,- -' � �
<br />��
<br />-- _- -- - -- - - - _ -- - _
<br />, . . . . '-- -_ _-._ •.II�P Iri4�iu1�.G,�11 ri'i� � �� � � � �,
<br />
|