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FIIA MORT
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<br />—' .... PROPLRIY ADDRESS
<br />CONDITIONAL COMMITMENT
<br />FOR MORTGAGFe INSURANCE UNDER
<br />THE NATIONAL HOUSING ACT
<br />L�Se C. 203(b) ❑SEC. _
<br />6314 I.o:it Hagaulta n e
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<br />MortreelieE
<br />A
<br />1YlE lCA: 1.^a & t:L4TT.L2O:1 CO.;RA iY
<br />700 rorton Iluiiding
<br />F.OaGtltl, S:nnlli L`t;tOn rht104
<br />--� 5�ry
<br />COMMITMENT 1�Ei2M3 MAX. 'dORT. A:AT. S /e ��n
<br />ESTIMATE OF VALUE AND
<br />CLOSING COSTS
<br />VALUE OF PROPERTY.3 O0
<br />Closing C.ab ........ f__A
<br />TOTAL (For uerte"ze 1 7 i.SO
<br />In....n.rS. __l.'.._____
<br />ESTIMATE
<br />Fbe In,... , f Z
<br />Test,..... Ste+ 53
<br />Main.6 Repaba 3 y— --
<br />MeolAUtiltrite s__---_
<br />APPROVED FOR COMMITMENT
<br />O. MOS. Z +� MA %.INTFRESIL'L
<br />COMMITMENT
<br />Explrestp, - 17 19�
<br />.XISTING❑PROPOSED
<br />/Ser Grn. Cond. 01)
<br />j Living Are. 77 Sq. F,
<br />INFORMATION
<br />The estimates of fire Innurauce, la sea, maintenance/repairs, huat/utilities and closing cents are furnished for mortengee's and mortgagor's
<br />inrormalion. They In Ay be used to prepare FHA Form 2900. Application for Credit Approval, when a firm commitment is desired.
<br />GENERAL COMMITMCNT CONDITIONS
<br />I, MAXIMUM :.,ORTGAGE AMOUNT AND TERMS -
<br />(a) OCC0!IANT MORTGAGORS: The mortgage amount unit term
<br />not forth in the heading are the maximum approved for this plop -
<br />arty assuming o satisfactory uwner-occupatft mortgagor. The
<br />maximum amount and rural in the heading may be changed depend-
<br />Iny. upon FIIA's rating of the borrower, hie income unit credit.
<br />(b) NONOCCUPANT MORTGAGORS: If the mortgagor does not
<br />occupy the huuau. die law limits the maximum mortgage amount to
<br />not to exceed 8S7. of the maximum amount available to on eligi-
<br />ble mortgagor who will occupy the house (857, of value if Sec.
<br />203(1) or 221). In tile case of nanoccupanl mortgagors, the firm
<br />commitment when !,sued will reduce the mortgage amount and
<br />terms below that staled to the heading.
<br />(c) COMMITMENT CHANGES: The Commissioner may, upon re-
<br />quest of the approved mortgagor, change the mortgage amount
<br />and term sal forth to We heading. If the uppdcutilm is accom-
<br />panied by a VA CRV, changes will be made only if VA Issues
<br />an amendment.
<br />2. FIRM COMMITMENT: -A firm commitment to insure a loan will be
<br />issued upon receipt of an Application for Credit Approval, FIIA
<br />Form 2900, executed by an a roved mortgagee slid a borrower
<br />satisfactory to the Commissiore,
<br />3, COMMITMENT TERM: This commitment shall expire SIX V(ONTHS
<br />front the issue date in the case of Alit EXISTING HOUSE or ONE
<br />YEAR from its date in the case of PROPOSED CONSTRUCTIp:c.
<br />(FIDI classifies all cases nr. ,Ether "rXI.STING" or 'The.
<br />PONIED" for the purpose of determining when a commitment .1.
<br />pires. Acnrrdingl), a house, earn though still under cenarrl.r.
<br />lion, may be Classified as an existing housf if it wns nor apprat,E
<br />by FIIA or VA prior to file beginning of construction.)
<br />CANCELLATION: -This commitment may be cancelled after 60
<br />days from the dale of issuance if construction has notstarted
<br />unless the mottgul;ce has disbursed loan proceeds{
<br />S. PROPERTY STANDARDS: -All conslruction, repairs, a, filtere-
<br />tions proposed in the application or on the drawings and specift-
<br />cations returned herewith, shall equal at exceed the FHA Mini.
<br />mum Properly Standards, or the deviations agreed upon pursuant
<br />to purpose and stcpe provisions of General Revision No. 6, dated
<br />August, 1968.
<br />SPECIFIC COMMITMENT CONDITIONS (Applicable when checked)
<br />HEALTH AUTHORITY APPROVAL: -Execution of Form 2573 by
<br />the Health Authority indicating approval of the water supply and/
<br />or sewage disposal installation Is required. (Approval by letter
<br />or Health Authority Form may be uned,)
<br />TERMITE CONTROL:-(R) EXISTING HOUSE - Fmritlsh certificate
<br />troll, a recognized termite control operator that the house shows
<br />no evidence of an rlorve tenant infesp.tlon. (I) PROPO.SRDCON-
<br />STRUCTION . Ftaninh original mud two copies of Termite Suit
<br />Treatment Guarantee FIIA Form 21152.
<br />3. SUBDIVISION REQUIREMLNTS:-Comply with Requirements
<br />C] No.
<br />from Report dated
<br />for
<br />BUILDER'S WARRANTY: -The bnllder shall execute FIFA Form
<br />25.14, Builder's Warranty.
<br />S. PROPERTY INSPECTIONS: -A notice of cunslnnelion atnIIIs
<br />sllull be given by Form 2289X. letter-or''telephone at the. lime
<br />indicated below:
<br />(u.) ALL PROPOSED CONSTRUCTION CASES:
<br />(I,) Al least two work dayn before "beginning of
<br />_ cunstnle tion."
<br />(2•) [, Whvn the building is anrlondr nlnu:pant fttlminc
<br />Completely .-,posed and roughing -in of plumbing.
<br />heatinY..,ad ,•b!eIrical work installed undvisihlc
<br />(3.) When cunshu,u rn rou.plcted and properly toady
<br />foe occup.mcv.
<br />NEPAIRS: Not:ty FIIA upon eomple No.. of rryuirrd
<br />.INI Ir N.
<br />C'E.RT'IFICATii OF r_ahwI.r,nON: A ce,tificnl.:
<br />R bynlg th:d the nnclgagvv to., ex:nailo-d the pnq..... red
<br />or wqunrd wp.nr: and Owl th,•y have Lclul snlinG.,-
<br />tunly completed will Le HA'a•pted.
<br />6. VA INSPECTIONS:-1-runtish a copy of a clear VA Gnat report.
<br />ASSURANCE OF COMPLETION: -If the required repairs cannot
<br />be completed prior to submission of closing papers, a Form 2300
<br />escrow in the amount of 3 (or such additional
<br />amount an the lender desires) may be established as the means
<br />to Assure completion.
<br />R. SECTION 235 AtITIIORITY:
<br />(it) This commitment may be converted to section 235(1) upon
<br />receipt of an application covering nn eligible borrower.
<br />Contract aulh only for this purpose has been obligated.
<br />(b) Q if Contract nuthnrily is available, this commitment rosy
<br />be converted to section 235(i) upon receipt of an apply
<br />cation covering an eligible borrower.
<br />9• EXPIRATION DATE: -The Total Vnlue staled above Is basic
<br />Q on Vi9erans Administration Cenificatr of Reasonable Value
<br />case
<br />Regoollesx of General Commitment CondiGun Number 3, xbov
<br />6lis commitment expires on.
<br />1© Sea spacinl conditions No. ifi. f�)•�i, .y OT/f 4'Ro
<br />t
<br />attached sheet.
<br />1 1,n (;,kw N.T :flu i.� I<... .i • SF NII 10 aLLr1'1LA LI1 A Tfb en'IIn' :_ i '.' .trot ,r q.
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