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1� CONDIIIONAI COMMITMENT
<br />�OR fhOHTGAGE WSURANCE UNDER
<br />THE NATIONAL HOUSING ACT
<br />❑ SEC.]07�6� � SEC. �'��I �t?�1
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<br />NO.
<br />JTS !tf ,!i Str���,t
<br />iVCr�iC, i'.�Sitin�C'.)il 'i.i?07
<br />ESTIfhAT"cD VAIUE
<br />OF F&OFERTY . ,
<br />�Co;.Ifi1RfEU FOR INSURI
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<br />CO;AnHTidfNT
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<br />7. MONi11LY [%PFNSF ES11MA1E
<br />Ir'.'r�/) Fhe �m ...... S_
<br />= — t��.�s . . f—
<br />Condo.Cam.Ap. S_
<br />MoIn.7.Raf^in j_
<br />Ilenl L Ulllllivs f_
<br />ES711.tA1LD
<br />19 � I// CIo,ING .
<br />19�)1 COSL.....5_
<br />��. 1' � I 1.`ICAUIIIYVurevr�
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<br />COMNJTIAENTTE:tA15i�7.+qx.Moat.nmT.1_S"�_����! NO.ld05.���-'�� MA%.INiERESf_j__.[_°6 (SrcGrvi.Cond.N9J
<br />-- Improvad �� � /'
<br />llvinn Areo "/
<br />INFORMATION `�—
<br />TLc eslimalu of fire insuruncc, lnxc�, mainlenancr/repnira, Lent/ulilitica pnd cloeing maU ¢ee fumbhed for morlgngcds and morlgagorY
<br />Informnllon. Thcy may 6c uaed lo prepare F}1A I+orm ^.700, dppllcnlion for Credll Approv�l� when s Orm eommllmenl l� dedred.
<br />GENERAI COMMITh1ENT CONDITIONS
<br />1. T1AXIbiU\[AtOIITGAGF.A\fOUNTANDTEA\:5-
<br />(n)OCCUPANTMORTGAGORS:-7'hc morlCngc nroouut nnd Icrnt
<br />scl forlh in Ihc hcmlinit �m ihc mnxLnum npprovcd fur tLl: prnp-
<br />erty nasuming a anlls(actury uwncr-uccup�nt nocl�;ogor. '1'Lc
<br />mnzLnum nmount nnd Ierm In Ihe LendlnF inay 6c clmn�cd depcnd-
<br />ln6 upon FIIA's rnting of thc 6orro�rcq hia lncomc and crcdil.
<br />(b) NONOCCUPANT MORTGAGORS: —If thc morlgagor docs not
<br />occupy the house, the lnw limlle Ihe muxlmum mo�l�oge umounl fo
<br />not !o cxcecd 85% of thc maximum nmount avaiieblc to an cligl•
<br />61e morlFoCor who wlli occupy Ihe Lousc (BS°6 0! vnlue if Sce
<br />303(1) or Y21). In Ihc caac of nonoccupnnl morlgegoro, 1hc Mn
<br />commltment whcn le�ucd wlll rcdutt iha modgq{a unounl and Icrm�
<br />belor Ih�t eln�ed In the Aeeding.
<br />(e)COMMITMENT CHANGES:—Thc Commiseionec may, upon m
<br />qucal of thc upproved morlgagee, ehnngc Ihe morlgngc amounl and
<br />letm at forth in Ihe hend:ng. II ILe applicallon ia accompanied Ly
<br />• VA CIIV� chan6ce will be mndc only V VA Isauea nn nmendmenL
<br />Z, FIRTf COM\IIT.YNENT: —A 6rm oommllment lo insure n loan x•ill Lc
<br />Iseucd upon rcccipt oton App11cn1ion lor Crcdil Approval, FIIA Form
<br />4900, esecuted by an eppraved moAgngee und a borrox•et entisfn<tory
<br />lo the CommLssloncr.
<br />9. CO\t\tITDiGNT TliRN:—Thia mmmitmcul shNl exptrc SIX fdONTHS
<br />lmmlhclasucdnlcinlhec:isc of nn IiX15'f1N(: IIUp51s or ONE
<br />1'EAF lrom Ile Jnlc h� Ihc cnec of PIiOi'OS1iU CONS'CIlUCT10N.
<br />(i7lA elaea�rs nll cnse.* an ri�hor ^EX/STINC' or "PltOf'OSF.D'
<br />Jor fhe purpoee oJ delemitnlnp whcn a commflm[nt uPfrci. Aecord•
<br />InCfy, n housq cuan (hough UI(f undrr conafnulfoA mqy bc elmeb
<br />�rd a+ an rx(a(!nF houae i/ft waa not apprnued 6y FXA or VA pMor
<br />!o fhe brginntng o/mrutrucNon.)
<br />4, CANCSLLATION: — 1'hb commllmenl may be enncc]lcd aRer 80
<br />dsy� trom We date of Lmantt If comtrucllo¢ La� aat �4rted, unlm
<br />Ihe mortgegee h�� di�bureed losn proceed�.
<br />G. PROPER7'Y STANDARDS: — All wnelmclion, apWn, or allcrntions
<br />proponcd !n We appllmtion or on Ihc dr¢win�e and epecNcalion�
<br />rclurned hecewllh� �ha11 equal or exceed Ne FHA hilnlmum Property
<br />$lAPd6[t�l.
<br />SPECIFICCOMMITMENTCONDITIONS (Appficab(ewhcnehrckrd)
<br />1. HEALT}i Ai7THORiTY APPAOVAL:—Excculion o[ Form 2575 Uy
<br />❑ the Hcalth Autl�orily indicaling approval of tAe wn(cr supply anJ/
<br />or eewn6e diepoenl lnslallalian I� requlred. (Approvol by ]cttcr
<br />or Hedlh AulhodW Farm msy be ueed.)
<br />2. TERTfIT£CONTROL:—(a)EXISTINCIIOUSE-Fumisl�ccrtificalc
<br />�&om ¢ rceo6n��� ���mite conlrol operulor Ihnt tLc liousc sliows
<br />no evidenee of an actWe Iermile lnfeslnllon. (b) PROPOSfiD CON•
<br />STIIUCTION - Fumleh odglnnl nnd trto coplc� o! Termilc SoI1
<br />Trenlmenl Cunran�ce FHA Farm ZOu7.
<br />3. SliDDIVISIOY 1tEQUIRE\fENTS:—Comply wllh Iteyuircmcn4s
<br />� No.
<br />Irom Rcporl dalcd_ for
<br />•t. DUII.DER'S \V.1i2RA\Tl':—Thc buildcr shnll cxccutc FIIA Form
<br />� 2L44, Duildcr'a 1Vnrronly.
<br />6. PROPEIITY ]NSPECTIONS:—A noUm of constmcllon ataWs
<br />ahall bc C�vc � Yy Form 2289X, Icllcr or lelcphonc al thc pmc Ndi•
<br />cated bclow:
<br />(u.) ALL Pi:OPOSED CONSTIiUCTION CASES:
<br />(1,) � Al ]ensl Iw•o work day� hcforc "bcginnfng o[
<br />construcllon.'
<br />(2.) Q 11'hcn Ihc buildinC �� cncloscd, slruclural frnming
<br />cm�iplcicly cxposed nnd roughi..,; in of plumLin;;,
<br />LcalinF nnd elcciricnl wark instnik�l nnd el.iLi�
<br />(S.) Q 1Phen construeUou comple�ed nnd properl•J re�dy
<br />(or a<up�nq•.
<br />(b.) � iiF.7AlAS: No6fy P3fA upon compiction of rcGuircd
<br />���, repnlrr.
<br />(c) Q CP:ItTIF'ICA'iii OF CO\fi'I.ETION: .1 ccdificalc
<br />sla�inL' tLat Ihc �mtlF�l:cc hne examincd lLc propoud
<br />or rcquircJ rcpnlra �md lhnl Ihey h«vc Uccn saUs[ac-
<br />� larilyemnplcledx•Illbcnarplcd.
<br />G. VA 1\SP} C7ION5:—Fuml�h o eopY �� ��1ear V.\ flnol re, orl.
<br />�
<br />7. ASSU1tANCE OF CONPLETION:—I( Ihe required rcpnin eannol be
<br />❑ eompletcd prlor to �uhminlon of cloeing pnpero,a Farm R300 nerow
<br />!n lhe �mounl ots (or euch addltional �maunl
<br />ef Ihe Imder destrt�) may be aleblt+hcd se Ihc menn� ta �uun rnm•
<br />plcUon.
<br />8. SSLLER'S ACItEEAtENT AND F.SCIi01Y FOR F.XISTING PROPER•
<br />0 TIES FINANCF.D UYDF.R SECTION 2J5- Sttlfon b(B.
<br />Thls eommitment b luu<d on lhe eondillon Ihat If ILc mon6^Bc I� lo
<br />bc Insumd under Secliun 235, Ihe ecllcr wlll exc<utc nn ngrcemenl lo
<br />zelmburae 1fUD for expeneea lncurred In rcpNrinR elmclural or olher
<br />dciccb wllh rcapeH lo Ihe propc�ly being eolJ. The form of egreemenl
<br />aLn11 Le prcevlhed by Ihe Smrclnry end n ecller who le not the oceup�nl
<br />oC ihe piopetU• wW dapoall 6 percanl ot ihe anlea prtce In e�cro� wltA
<br />�1tC morlRORM In attordnnce rllh Ihr Icnna of ILe n�rcemcnl.
<br />D. SSCiIO2C 44�
<br />Q TLIe Commitmenl L le�ued under Seailon I'urou�nl lo Sea
<br />Uon 42�e.
<br />10. CODEENFORCEnfENT.
<br />Q SuYmit a�l�lem�nl from Nblic AWhodry that Ihe �ubJM propeny
<br />mmu Code Aequlrcmenl�.
<br />33. ItEQUIRED CERTIFICA710N5.
<br />� Eleelrlesl Q Iieeling � Rooling Q Piumbing
<br />�g, lSPIIlATION DATE: — The Totei VeWe etnled o6ore I� bued on
<br />O Velcrnn� Adminle(nlloq CeItllie�le af Ren�onuble Vuluq <a�e
<br />num6er , dnled
<br />IIegerdlee� of Ceneni Commllmenl Condltion Numb<r 3, �bavt, thb
<br />com�Ntmenl c:pim on
<br />��� ��(j��
<br />Sce e eeiN mnd II � No.
<br />/�' ' 1 �LJ,/ bclo�oron
<br />nlmehed nhed.
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