|
/.
<br />�; f'i � ',_
<br />` �� ,;(.' �-.C: I _,
<br />.. i_i. L.._ "' . . .. . _ ._.�_... . ____ _..
<br />/-.I .�:.._ � `,, ..
<br />��'U.S.DE{'AFTMBITO�MOUSI!1fjAlIDUFfIdIIDEVEL01'MC�IT� �AS[C,�l � �� � �� �'' I 5�
<br />, —I l -. I FE�ERALMWSIHGAOuIlIIiTRAT10N � NO. _
<br />J COt7DITI0NAL COId1AITAtEtIT
<br />r FOR MORTGAGE INSURANCE1Ut7DER
<br />THE NATIONAL I10USItIG ACT
<br />�SEC.20�(6) O S[C.
<br />�"
<br />oiici�tccQ & I:r.1lc.tu,' Tnc.
<br /><Gl:c kctrore h.v���uea ,
<br />P.O. P.o� 3:;5
<br />sce.-�tt, s:r:�,tiiu�tc, 9L'zaG
<br />COA1MITfdE�lT-; 7'.F�F21dS,.1nA%. MORY. AMT. S
<br />�
<br />145f it:�il:ar �tccnce
<br />L:��e�cYl, ti�:.r,liln,;[m� 9E^.1;3
<br />ESTIAIA7'E OF VALI
<br />� CLOSING COSTS
<br />^ VALUE OF PROPERTYS
<br />closinp co:l: ........ 5
<br />rorn� (ro� aro.�cac�
<br />s�vancc PurposesJ...S
<br />PROVE� FOR COH1,11
<br />...t� ��,, �
<br />N0. MOS�� n MAX.INT
<br />MVIIIIILT tRl't!1>
<br />ESTIMATE
<br />UU Fire I��... . 5 �
<br />'Ao�n'S PePain S �'
<br />�'Ieo1P.Ulililies 5 ��
<br />co1.RdI7JAEH7
<br />lav�edt � � � �
<br />E.ob.s:�/ - q�J
<br />,�t� �
<br />.�
<br />�_
<br />i s7.:
<br />� 4�n
<br />POSED
<br />�in.2o ��/.'1.1/::-L
<br />�� / Sa. F�.
<br />INFORIAATION �
<br />The esttmales af f[re insuranee, tnzes, mntntenoncrhepnirs, heat/utlli[ic� and elosln� eo�ts ere fumtshed ior mortgagee's ond mortgogor's
<br />lnfarmation, They mey be used to p�epare FkIA Fotm 2900. Application for Credtt Approvnl, when n(irtn commitment is deslred.
<br />GENERAL COMMITMENT CONDITIONS
<br />2.
<br />MAXR�fUAt SiORTGAGE AAfOUNT AND TER615 -
<br />(a) OCCUPANT MORTGAGORS: Thc mortga�c amount nnd tcrtn
<br />set (arth in U�c hcading nre thc moxunum npprovcd for this prop-
<br />erty nssuming e satis[adory awnco-occupant mortgngor. 'Chc
<br />meximum omount nnd tcrm in the hcading mny bc chanEcd depend-
<br />tng upon PIIA's reting o( the borrower, his income ond eredit.
<br />(b) NONOCCUPANT h10RTGAGORS: If thc mortgagor docs not
<br />occupy lhe house, lhe law limits the max(mum mortE�Ce nmount to
<br />nol to excced 85 0 oC thc maximum amount nvallablc [o an cliei-
<br />bie mo�ie�eo� who witt occupy the house (85/e of vntue i( Sec.
<br />203(i) or 221). In thc casc oC noncccupanl marlgayors� thc tirm
<br />commitment when issued will mduce ihe mortga�e nmoimt and
<br />tettns below thu[ stnted in the hcnding.
<br />(c) COMMITM'eNT CHANGES: Thc Commicsioncr mny, upon rc-
<br />qucst of lhe opproved mortgogee, ch�nve lf:c mortgnge emount
<br />nnd lc`m sc[ farth in thc hendin�. I( tlic eppiicn[ion is nceom-
<br />pnnicd by n VA CRV. chan�es will be mouc only iC VA issucs
<br />an nmendment.
<br />FIRM C01f�1ITAlGNT:-A firm commilment to 3nsure n loan will be
<br />issucd upan reccipt of nn Applicnlion Cor Credil ppprovai, FHA
<br />Fortn 4900, executed by nn opproVed mo•IC�Ecc und n bormwer
<br />snUs[actory to thc Comm(s�ioncr�
<br />3. CO,liJ1ITAlENT TERAh This commttment shall expirc 51% MONTHS
<br />Crom thc tssuc datc in the casc o[ an EXISTING }�OUSE or ONE
<br />YEAR Crom its datc in thc cnsc oi pROPOSED CONSI'RUCYIOY.
<br />(F!!d cfassifics a!! cases as either "E,CISTGVC" or "PRO-
<br />POSED" (or the purpose of rletermining mhen a commitmen� u-
<br />pires. Accordingly, a house, even ahough s�ilf under construc-
<br />tion, mny be elassificd ns an exis�ing house if it ivas not approved
<br />by F!lA at VA prio� to Ihe bcginning oJ construction.J
<br />A. CANCELLATION:-Thi� commitmcrit moy bc cnncclled e(tcr 60
<br />doys from thc dntc of lssunncc it con=truclion hoa not stnrted,
<br />Unless qu mort�n�cc has disbursed lonn procecds.
<br />5. PROPERTY STANDARDS:-All construction, repairs, or oitera-
<br />tions proposeJ in lhe opplicetion or on lhe drawings nnd speci[i•
<br />eatious teWrned hcrewilh, shall equol or ezcced tlic FHA piini-
<br />mum Property Slondards, ar tlm devintlona ogrecd upon pursu:+nt
<br />(o purpose ond scope P�e�isians o( Grncrol Revision No. 6, doted
<br />pugust, 1968.
<br />SPECIFIC COM611TMEN7 CONDITIONS (AppfieaGle tuhen chrckedJ
<br />1. ❑EALTH AUTFIORITY APPROVAL:-Execution oi Form 2573 by'
<br />� lhe llcalth AuUm�ity Indicntin� npproval o( qic walcr supply nnd/ �
<br />or scwagc disposnl instatlation is roquired. (Appmval by letter
<br />ar Flmlth Auth.ority Form mny bc uscd.)
<br />2, TERtdIT6 CO.�'TROL:-(o) EXISTING HOUSG - It umish cerlificntc
<br />�(rom a reco�nized ternite control aper�tor thnt the house shows
<br />no evidence aC o7 act�ve tettnite In(estzlinn. (b) PROPOSED CON-
<br />STRUCTION • Fumlati orl�innl nnd lwo eoples oC Te�mite Sol!
<br />Trcetment Guamntec FHp Form 2052.
<br />3. $UDDIVISION REQUIREGILNTS:-Campty with Requtrements
<br />from Rep�rt dnted
<br />ubdivlsion.
<br />IIUlLDER'S V4'AFRANTY:-The buildr.r shnit exeeutc FIiA Form
<br />2544. 8uiidcr's 1Sarranty. .
<br />5. PROPERTY INSPLCTIO:iS:-A notice of consWction stoWs
<br />shall be given by Fo:n 2289Xr lettcr or [clephone aI thc time
<br />lndicated bclaw:
<br />(a.) ALL PROPOSHD CONSTRUCTION CASLS: �
<br />(1,) � At lcast lwo wa[k dayn befo�e "be�innin� o(
<br />conct�ucUon."
<br />(Z,)- L R'henthebuilding3s enclosed, slrvcWral fr.ming
<br />eompletely exposed nnd roughing-in oC plvm6ing,
<br />hcatin� aud eleetdtal wnrk instaLLed and visi6lc
<br />(3, Q When constnmuon completen nnd property readp
<br />(nr occupantp.
<br />(b.) . RL�AIiiS: Nouty FfiA upon coripfetioei oC required
<br />rcpairs.
<br />(t,) 0 CL•RTIPICA'_'G OF CONPLBTIO::: A certifieutc
<br />nta(in� Ihat thc moR�aCcc ha� exnmined thc proposeA
<br />or required repairx nnd that Wcy hnYo bCen salisCao-
<br />toriiy completed s�lll be actepted.
<br />6• VA I:15PGCTIONS:-Fumish e eopy o( n clenr VA finnl report.
<br />7O. A'iSURANCE OF CO\1PLE1'ION:-1f Ihe rcqaired repairs cnnnot
<br />Q be completed prior lo su6mission o( clocing papers� a Fbrm 2300
<br />escrow in thc amounl of S (or sucN ndditionn�
<br />nmount n� thc Icndcr desires) mny be esWblishcd as Ihc meanc
<br />to ossum completion.
<br />8� SECTION 235 AUTHORfCY:
<br />(n) Q This tommitment mny be converted to seetlon 235(!) upon
<br />reeeipl o( on applicnlion eovering an eiigible 6orrower.
<br />(;ontrnet aulhodty (or lhis purposc has hcen oUlignteJ.
<br />(b� Q' �f contrnct outhorily is avoiiablc, lhis commitment moy
<br />bc convcrtcd to secdon 235(i) cpon mccipt o[ en �ppli•
<br />cntion covcring nn cligible borrowcr.
<br />9• EXPI2ATION bATG:-Thc Totul Vulue stoted ebove Is G�sed
<br />Q on Vcicrans Administrution Ccrti[icatc of Rcasonable Vuluc,
<br />cnse nvmbcr_ ,duted .
<br />Reg�rdlees o( Gencral Comm�tment Candition NumUcr 3. abovc,
<br />this commitment cxp'ucs on
<br />10. •
<br />��� Scc spec'nf tondit+o�ns N,oy�� '
<br />�l 4/ � � �'�%s� bclow or on
<br />a[tndied shceb
<br />1'�y�yi}� GaKiJi�X `i ""' ✓Lf�t
<br />//
<br />?.__�-'�,��`�Lo ' j9 l%�"'
<br />- '- (/
<br />;� ���� ��
<br />' `� ���� `` .. �
<br />�( �� ��'l � L.!d'cS.'�tG•�� ��4'dD�`:�
<br />
|