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<br /> ' , �.-... _ �Gr:,r.11'�r'.�tiT PROPERTY ADDRE55 � _ " ;__ - `- .I
<br /> ,I � .=un ,'.'w�2-�GA�2 GJSUnANC2UNDFR . � ._ .. .... �ii l�C. i, �
<br /> 7NE NnT10\i.l YOUSING ACT " c`•`:.��.� � j
<br /> i . � .� , � � ...e i i. JJ I
<br /> I ^!SeC.ZG3(6) � SEC. �
<br /> I � � MONTNLY EXPEHSE i
<br /> Mon'roac�. ESTI,dA7E OF VALUE AND�
<br /> CLOSI�G COSTS ESTIMATE
<br /> � F„o i�.. . . . s -:' _
<br /> VALUE OF PROPEFTYS / ' / / %' To.es. . . . . 5 '� �
<br /> � - C'osing Ca:�s . . . . . . .. 5 ' " MaIn.B Reaoi�s S ' -I
<br /> . . . . _. ' .."• TOTAL;/'�r'dn.4:n�:c �- '
<br /> , � _ . . .. .. � ,. !n. � 1'�un,� z1...4 � "� HcoiBU��!����s S � �
<br /> , ,�, APPRUVED FOR`COMMITMENT COMMITIAENT I
<br /> . . . _ .. ,.I) . . � ' , � � .. Issued: " �, 17::
<br /> . E.p�es: � ' li _I
<br /> . I Li-`�Y15TING0 PROPO'.CJ i
<br /> CO}l,�1)7i.4c'N 1. 7�('.�S 7.tA%.MORT,AlAT. $ � �� �! N0.MOS. � MA%.INTEREST ��r.
<br /> � r,... r..,�
<br /> IImproved
<br /> Li.ing A.co ,PY� ASc. 'rr.
<br /> IhFORMATiON
<br /> The estimatea of fire incuranee, taxes, mnintenunce/repairs, heat/uti(ieies and elosing eosto are (umished (or mort�a�ee's and mortEagor'n
<br /> in[ormation. Thcy n�y 6e used to prepare THA Form 2900. Application (or Credit .\pproval� •.vhen n (irzn commitrt',ent is desired.
<br /> GENcRAL COh41AITMENT CONDITIONS
<br /> �• },iAYii.tti:d :.:ORTG.IGE Ah;OU\T AND THR\:S-
<br /> (�) OCCUPAYT IAORTGAGORS: The morSgage amaunt and tcrm 3. C01111ITS1ENT TERM1i: This commitment shall ex vc SIX MONTHS
<br /> P�
<br /> ::et (or:h ir. ��e heading :�re the maximum approved far this prop- frcn ihe issue elate in the case o( an EXISTISG HOUSC or CN=.
<br /> erty assu:�ing a satisiactory ownervoccupan; mo:[ga�or. The YEAH t:om its date in the case o( PROPOSED CO\STRUCT:G':. �
<br /> mnximum amount nnd term in Ihc hcading may bc chnnged depend- �/.;f;i classi�ics a(( cases as eilLcr "EXIST(.Vf," or "p(((i. �
<br /> in� upon Plli�'s ratinC of the borrower, his incomc �nd ttedi6 POSSD" for tl:c purpose of determining when o cammilment ��
<br /> (b) NONOCCUPAN7 MORTGAGOfiS: If thc martga�or dacs mt pires. ,-icrording(y, u l�ouse, cucn [hough stilf undcr consuur-
<br /> occupy Ine house, the 1.m Lmits the mnximum mortgage amounl to Iion, m,:.y Ge classiJied as an esisfing bouse i�if mns nol ar.provrd
<br /> nr,t to excecd 35� o( thc r..aximum mnocn[ availuble to on eligi- Gy 17IA m VA prior [a Ihe Leginning oJ consfruc[ion.J
<br /> 61e mort�a�;or �vho will occupy the house (85ia of value i( Sec. /'
<br /> 203(i) or 221). in thc casc of nonoccupunt mort�agors� Ihc (irm
<br /> tommitmer.t when issucd wili reduce the mangage nnount and `�• CA\CHI.LATIG\:-TBis commitment may Ue <nncclled ufter (0
<br /> :ertns bclow that s���ed L� Ihe hcadin�, days (rom Inc date of ivsuance i( eonsvuction has not started�
<br /> (c) COMMIT!„ENT CHANGES: The Commis�ioner may, upon rr unless the morl�agce hus disbursed loan proceeds.
<br /> qust o( thc appro��ed mortgagcc, chmigc (��� mort�;agc amounc �
<br /> and ter.:� set iorth in tYe hending. If the application is ncccm- $, pROPE2TY STAI�DARDS:-AII eonstruclion, repnirs, or altera-
<br /> panied by a VA CRV, chan�es will be mndu aNy i( VA issues
<br /> �� �mendmont. lion� pro,osed in the nppiicalion or an the drawings and spaci(i-
<br /> 2. FIRS] CO\!SIiT1iG\T:-A t�rm commitmenl to incure a loan wi❑ be calions returned herewith, �h:+❑ equal or exceed Ihe F{{p �;�;�i.
<br /> issued upor. receip[ c( un Application (ur Crcdit Approval, FIiA mu:n Property Standards, or the deciatinns agreed upon purcu.int
<br /> F'om 2900, executed by an approved mort�agee and a borrower lo purpo^.c nnd s<ope provisions o[General h'evision Xo. 6,datc�i
<br /> satisCactory to thc Commissioncr, Auguot, 1968.
<br /> SPECIFIC COIdlAITtdENT CONDITIONS(:IpplicnGlc ud�cr: d�rckcd)
<br /> L FIEr'�LTH AUTHORITY APPROVAL:-Hxecu[ion of Fom 2573 6y G• VA fI`SPECTiO\S:-Furnish a copy of a clear VA finaL tepert.
<br /> � the Healtn Authority indicatin� approval o( lhe wuter supply and/ O
<br /> or sewcgc disposal insmllntion is mqiured, (ppprowi b)' lettcr �, pSSURANCE OF CO\iPLETION�-[( ihe required repairs tonnot
<br /> or Reallh Authority Form may be used.) p prior to submission a( ciasing paperc, n Form 300
<br /> Q be eom letcd p,
<br /> escrow in thc amount o! 5 (or such additional
<br /> 2. TL•RhiITE CONTROL:-(a) EBISTING HOUSE-Purnish cerli[icate amuunt Ls Ilie IcnGer desires) may be estnblished os the mcans
<br /> � (ro:n a recognize�! termite control operator that Ihe house shows to s,sure completion.
<br /> no evidenee o[an artivc tc:mitc intestetion. (b) PROPOSL•D CU�• 8• SECTION 235 AUTfiOFiTY:
<br /> STRUCTIO\ - Fumish originol �nd two copies oC Ter.nite Soil (a) Q This commitment may be converted to seclion 235(i) upon
<br /> 7'n:atment Guarantec FHA Fbrm 2052. receipl o( on applica;ion cove-�ng un etif.iUic borrowur.
<br /> Contract nutLority (or this purpose hc;: Pcen o61i�,.taJ.
<br /> 3. 51)pDIViSION RE•QUIRSS7E\TS:-Comply with Requirements (b) Q I( contract aulhority is avnilu6(e, lhis c<:mmitmenl n�.ey
<br /> � .;p, be converted to section 235(i) upon rer.cipt of an eppli-
<br /> imm Report dated for wtion cavering cn eligibte 6orrower.
<br /> � Subdivision. �' ��I'�RATIO\ DAT6:-The Tota1 Vn�ue atated nbove !s bascd
<br /> Q on Vetcrans A tmini=xr+•,lon Certi(ic,te o[ Rcasonoble Val�m,
<br /> casc num6cr ,da(ed
<br /> '�• 3UILDLR'S 1YA12iiA\TY�The buildor shall execute FHA 2 orm ReC+�rdless o[ Genera( Cummitment /'�:nditton Fumbcr 3, above,
<br /> Q 254�i, Duildcr's WanantY. [his commitmen[ expires on '___,_,
<br /> 1�.
<br /> 5. PPOPLR7'Y i\SPfiCTIOSS:-A noticc oC construction status 'i ;�Scc cpeciot eonditions No. ��/ �Z/ ��/ �a�/ / 4 / 1
<br /> chall bc ^ivcn Sy rcnn 2289X, lettcr or telephonc at inc [imc 7"� �G-.'��-�
<br /> indicated bc:ow: �,-5�3, bcloW oc on
<br /> (o.) ALL PROPOSED CONSTRUCTION CASC•5: ntWched sheeL
<br /> (1.) C At Icast two work days before "beginning o(
<br /> co:tstruction."
<br /> (2.) Q K'hi�n thc Luildin� ic mclosed, strucWml (rainim,;
<br /> co:nplel_fY �xpcsed and roughin�•in of p1u::�6ing,
<br /> hcating �nd eleetrie.l work inst�lled and��isible
<br /> (3.) Q Pfimn conslructiun co:npleled and property mady
<br /> y (or occup.�ncY.
<br /> I (b.) �J P.EPAiP.S: No�ify i�l(A uper. completion ot rcquireJ
<br /> � rcpnirs.
<br /> (c.) � CrR'i1FICATi OP C011PLETIO\: A certilic�te
<br /> sl:�;ing tiiat thc mort��gce has examined the P�oposed
<br /> cr r��quircd repairs and ;hat thcy havc becn satis[at-I
<br /> toriiy complet��d will be accepteti.
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