6307 W MAGNOLIA AVE 2016-01-01 MF Import

oo,Ltii7•r;snT t�Wqot�:.;�i;:s Requirements - 1. � �,,r��— / r)` �%% / ,/ J �i : H(� (.r�SE ir0. �In�• - �G.1J(i�)� n � ..:;�_� r��- � t ,of�ai _ . 2. The carpet requirement on the Conditional comc�it.��ent. n�ay be disregsrded since finished flooring other taen carpet is being installad. 3. Furnish at closing, a�tetement signed by the mortg�g��rs ccrtifying that theY This worky performed t:�e +:ork for which they received a cr�dit oE $ must be periormed within the terms of the cummi[ment. 4. All special assessments for utilicies and/or street improvements, either completed o. in the process of being completed, shall be paid in f.ull, and evidence of pnyment submitced to [his office when the mortgage papei•s are presrnted for insurance. Install side-seNer connection if not �lready installed. 5. "ThE manufacturer, or the supplie.r of the carpet and;or carpee cushioning instnlled in connection with this transaccion shnll eer[ifv on thr_ i�voice or �ill of snle thae the carpet and/or carpee cushioning is designed tc� meec PHA Ptinimum Standurds prescrib�d in Use of Piatcrials Bulletin Nn. 44b, April 23, L969 a��d/or Regicn VI Intcri�� Starniard�licr, Shag Carpet, dated Uctober 3, 1969. If the cercificetion to rtiA comas from r.he supi a copy of the manufacturer's certification to the e.:pPlier must also be suE.uitee�l t� FHA elong with the invoice or bill of snle." 6. Require payment in full of all obligaciur.s including 'rie.le I loans, cont:acted in connection with the subject property, and furnish e�idence of payr„e�[ when the mnrtgage papers tre presen[ed fur insurance. 7, The mortgap,or is obiigated on an FNA insured prepercy �o he sold or tLaded; .+urn:sh prior to submissiun for insurance: (a) A current credit report showi.ng a reasonably satisfactory credit record on the part of the purchasers o£ tt�e propert}' rncwnhered by the wor[geg�'°and insured under FH�1 Case Number ______. the mortgegee's statement thae pay�nents ��n che loan are currenc and being mude in a satisfactoT:y manner. Upon appr�v�l nf the substieute mortgag�r, e��idence of Cransfer of the [it1� to ehe substitute mortgago: shull be submitted. The outetanding princinnl balance ma)' no� _r.ce.ed $ _--- for a non=occupanC eubstitute m��rtgn�:�r, or (b) evidence that existing balance ts no� in excess o£ 957, of t'.�e face t,inocnt of rhe mortgage as originally insurr.d, ur e�'idence ehst the existing mortgage. balance hased on n currenr. FY.A ��r VA apprr.i,al is equal [o nr b�:1ow 85� o� the mortgage available to an owne.-��upar.t, or (c) e�•idence tha[ the insucance under the our.=tendi:g nortF�ge a:e.s tet'mina'e.d, or (d) e�'idencr th�t th,e outstanding mort�age �n cat�ich t}�,, ;pnlicant is oblignced is insurod under the escrow cummitnicnL pzoccdure, er (e) the applicant-mortgagor is transferrcd bV his emnl,�y�� and is covered by an ncceptable hnme snle guara-�tea p1.an, or ([) the property is sold under a c�ntract for deed (1•eal escnte. contract) without tranefer of t:Ci^-• Sub:nit copy of con.rncr. for re�:ew• �"yortgagees wi11 be requtrad to submic to FHA u certif.ied copy of tl�e closin� srnr�ment showin�, Che application of all funds disbursed at =losing and cerLifyint; :�"aC t�'e rctal snles price o: thc property, including clnsir�g cuse: to be paid t'� '-he mor[gag�'r- 3d not exceed the FHA vplue of the �rnperty snowi� un [he mo�[gag� in:ur.,nc^ cnmmitn�Pnt, less any n�ount deduc[ed from Che ror'-Sag° ''`^' ='P�'�ial us:;c.ssmcr:Cs cr ground renc." ( 5?'rih- 53 )