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<br /> FEDEFtL,�-•.�-.oi.nDwr�qrHniiOr. N0._�_�, � i
<br /> i CONDITIOhAL COIAfA17MENT PAOPER7Y ADDRE55 � � • -� ` ' ` � � �
<br /> � � �ORMORTGAGEIhSURANCEUNDcR �'-��- �� , �••-
<br /> 7H: NhTIONAL HO1151NG ACT �.'\'+::-:��`',. ,. •}^�ii'(
<br /> I
<br /> � �� . �, :. �.�
<br /> �'S2C.2u7(6) � SEG_'�_
<br /> moa;c:,ce:. ESTI!dATc OF VALUE AND MONTMLY E%PENSE
<br /> ES71MA7E �
<br /> CLOSING COSTS F;,� i,,,. .. . s �
<br /> VALUE OF PROPERTYS / �' To,�s..... b �-
<br /> .. Uosin9 Cozez . . . . . .. 5 'r Moin.B Reva��s S � �_�—
<br /> . . .� _ _ •':;...:J . TOTAL(Fn.ifnrtr.nqe - '1 %.
<br /> � . . ,..�..,,. ,1,r.V3�;t:3,• lnvwnncc Purpr�secl...5 /.._ Hea�BUiili�lez $_
<br /> APPROVED FOR COMMITMENT �OMMITMENT -
<br /> . • . • . . .' �... . _ / . ; . . . Isiucd: r / '. 19%.
<br /> . , . . ." . ... _.� „ . _., , . � - Ercires.']_/�.. 19� ._
<br /> I �E%ISTINGC PROPOSED �
<br /> CC�II;IIMEh1 7EF.:SS.�p�zx:.rno�r.nMr.S �S - � �' ��' NO.MOS. � MA%.INTEREST �
<br /> fs« c��. co�3.�71
<br /> ima�o.�d �J
<br /> Li.in9 Areo�j � Sa. F,
<br /> INFORMATION
<br /> The estimatee of fice insu:nnce, taxes, maintennnce/repairs, hcat/utililies and closinC costs are furnished for mortgagee's nnd mortgagor's
<br /> intormation. They moy be used to prepare FHA Fcrm 2900. Appiication for Credit Approval� when u Cirm cammitmen[is desired.
<br /> GENERAL COMMITMENT CONDITIONS
<br /> i. '.fAAI1:U:.1 ::O.TGAGE A;�fOU\T A\D TER\iS-
<br /> (a) OCCUPANT 1.4GRTGAGORS: Thc mongogc amount and tcrm 3. CO\f\IITS16fiT TERh1: This conmilmen[ shal] crpirc SIX MONTHS
<br /> �e[ (otln in thc hcadin�; arc thc maximum �pproved (or :his prop- from thc issue datc in the ense o( nn EXISTISG I{pUSG or ONE
<br /> crty assumin� u satis(actory owncr-oecupan( mart�agar. The YEAR [rom its daic in thc easc of PROPOSGD CO\STRUCTIO�.
<br /> r.aximum emuunt and tcrm in thc headin� may Lr chanCed depend" (/�(fA elocsifi�•s n❑ coxcs ns cidicr "h;.1'/57'LYG" or "PIfU-
<br /> inC upon PIIA'. rating o( thc b�rmwcr, his incomc and cmdit. ppygD" Jor tho pnrpose of dcurmininq �chcn n commitmcnt �v�-
<br /> (L) �ONOCCUPANT h10RTGAGORS: )f thc mong.gor does mt pires. derordinglq, � house, even �huugh slilf under c�nslrur.
<br /> oecupy tnc housc, thc law Iimits the maxin��um mortg�gc amount to [ion, mny 6c classiJicd ns an cxisting ho��sc iJ it was not approucd
<br /> nct to exceed &590 0( Ihe maximum amaunt avaiisLie to an e1iE�• L� Ffl;I or VA priar !o Ihe Geginning o�eonstmction.J
<br /> blc morl�agor who wil� occupy lhc housc (85`!e of vaiuc i[ Sec.
<br /> 203(i) or 227). In tl�,c casc oC nonoccupant mort{�ogors, lhc [irm
<br /> conmitment when issued will reduce the mort�age amaunt ond �• CAftCE[.LATIOY:-This eommitment moy be caneelled ofter u0
<br /> tcrms Uelow thnt stat•�d in Ihc hcadinq. d�vs from thc date o! issuonce i( ton=Vuction has no( sterted,
<br /> (c) COMh11TMENT CHANGES: The Commissioner may, upan re- wiless �he mortCagce hus disbursed loun proreeds.
<br /> � qucs[ of Ihi appmved mort{;agcc, changc thc mort�agc amount .
<br /> :�nJ tcrtn sct iodh in thc hc:�ding. If Ihc upplication is nccom- 5. PROPGRTY STA\DARDS:-Ail canstruclion, rupairs, or nflcrn-
<br /> p,nicd by e VA CRV, elmngcs will bc mc�du only if VA iscucs liuns propu::rJ in thc npplicntion or on Ilm drnwuq:s nnd specifv
<br /> un �memi�nvnt.
<br /> . f�IR11 CO'�i��.il'C\IIiN'C:—A ��rm coinmilment lo in.ure n Ioan wiil }�� eatiun:: «turned hemwith, �hn❑ equul or exeeed Jie PIIA \fiul-
<br /> is;:ucd upnn recript of :m Appiic:�tion (or Credit Approval, PIIA .num Property Slandnrds, or the deviations ngrced upon pursuanl
<br /> i'o�r.i 2900, executed by r�n ap,roved morlgugce and a bormwm lo purpose and scope provisions o(Genernl Revision Yo. 6�daled
<br /> satisfactory to lhc Comnissioncr. Au6us[, 1968•
<br /> SPECIFIC COMMITMENT CONDITIONS(ApplicuG(e mhen checkedJ
<br /> 1. IIi3ALTH AUTIIOP.ITY APYROVAL:-6xecution o( I�orm 2573 bv 6• VA IPSPECTIO\S:-Pumish a eopy of a cleer VA tinnl report.
<br /> l� tl:c Iicallh Aulhority indico(ing opprovai of the wotcr supply ond/ �
<br /> or sevrege disposai insl.liation is rcyuired. (Approval by letler 7, q55URANCE OP C011PLLTlOfi:-I( lhe required rcpairs cnnnol
<br /> or Health Authoril;r (:orm may be used.) 6e com Ieted C P
<br /> Q p prior lo submissian of closin po crs, o porm 2300
<br /> esuow in lhc amount of S (or such oddilian:�l
<br /> TER\1ITE CONTF.OL:-(�)EXISTItiG HOUSH- Pumish cerlifica(e �moime as the Icnder desiresj muy be esW6lished ns the meuns
<br /> ,—i lron a recognized Iermite control oper:rior lhat thc house shows to nssum �omplction.
<br /> no evidence of un octive tennite in(estation. (b) PROPOSL•DCO\- 8� SLCTIO\ 2�5 AliTiIORITY:
<br /> STRUCTiOY - 1'�mi::h originnl and two eopies oC Te(mite Soi( (o) Q This conenitment may bc ronverteJ to seclion 235Q) upon
<br /> Treatment Guarantee FHA Farm 2052. receipt of on application coverinC on eligible 6orrower.
<br /> Contr.cl oulhority for this purpase hns been obiignted.
<br /> 3. SUDDiV1SI0�' R6QUIRE\fEN'i'S:-Comply wilh Requirements (�) Q 1f conlrnct nuthority is nv,ilable, lhis commitment m:q•
<br /> � �.o be cam•erted to cection 275Q) upun receipt o( an eppli•
<br /> rotion covering nn eligibie borrowen
<br /> Gom R�poct daled for
<br /> Subdivision. 9� ��i'IRATIO\ DAT6:-The Total Vulue stuted nbove ls Uosed
<br /> Q un Vclerans AdministrnUon Cerli(icole o( Rcasona6le V�lue,
<br /> ease nunbet ,dated
<br /> •�• BUILDCR'S {CARFA\TY�The builder sholl ezecutc FFIA Form Rega�di^_ss o( Gencral Commitment Condilian Nwnbcr 3� abovc,
<br /> ;� 2534, �3uilder's 1Cartanly. (his commitment expires on �
<br /> I0.
<br /> 5. PPOPERTY I�iSPGCTIOXS:-A noticc o( conslruelian status 1-7�Scc specinl condi!ions No. ��J� �����)���� L�
<br /> sh:dl bc Eiven by Form 2289X. letter ar [elephonc a( lhc timc ��j'
<br /> indicnced bclow: .�� ";:�' "�%'� L 1,>' �7Z bclow or on
<br /> (a.) ALL PFOPOSED CO\STRUCTION CA565: etluched shccA
<br /> (1,) Q A[ �easl two work days beCorc "6c�inning oC
<br /> conSWclian."
<br /> (�,) Q R'Len Uie builJir.g is enclosed, structural (r,ming
<br /> complelclY �'xP�"���nd rouphinl:•in oi plumUing,
<br /> heating :md cicctrieol work insmllcd onJ visiblc
<br /> (3.) Q ll'i�en constmclion compleled nnd praperly ready
<br /> / (or occup:incp.
<br /> (b.) . Q REPAIZS: \ 'i[y FHA upon eompletion o( tequired
<br /> repair.:.
<br /> (e.) O Ci•:RiIF1CATL OF C011PLL•'TION: A certificntc
<br /> cu�ling th:�l lhe mortg�{ee hu:: examined the propos'ed
<br /> or required rcpairs anJ that thcy have bcen salisfee-
<br /> torily campleted will be neeepted.
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<br /> . ,. .. ,::.5 .;.+. �:iJ 5111U IpMf1YIGnr1U AtitY �li����loll�n �.r.i� , . �
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