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<br />FNA nU�:TGAGfE N0. .'� �� _:'/ FMA
<br />' ��U. S.OEPANTMENT OF hGUSING ANp UFOAN JLVE�OPMENT " �ASE .
<br />. ' FEDERA�HOUSIHGApMINISTF�TION . , NO.
<br />�%' � CONDITIONAL COMMITMENT PROPERTY ADDRES i, �,5.� G
<br />� FOR MORiGAGE INSURANCE UNDER � %'%"�� '�-..•�� �>- • �� `' %=
<br />� TME NATIONAL HOUSING ACT ; i::J':.'Ct� :. '�'°��'S;'� ?:�
<br />� SEQ 30�(6) � SEC.
<br />1.. • �. . ',° �i),i4iiiJ
<br />. • • .� �� .�2
<br />. . . . .. � . . ....� „i.':7 CJu.�J
<br />COMMITMENT TERMS MA%, MORT. AMY,
<br />� 0 '� �i �
<br />/ /, � / .'i .
<br />t� '
<br />CLOSING COSTS
<br />VALUE OF PROPERTYS
<br />Closing Cosfs . .. 5
<br />TOTALlRnr A;mleni;c � _
<br />MOS� ' MA%.INTEREST '�
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<br />.;IJ /L
<br />� o � 3� i�-�y
<br />�.c.� ,�.rj,
<br />MOryTHLV EXPEHSE �
<br />ESTIMA7E
<br />F�.� ��:. . .. s
<br />ro.�s..... s� ---
<br />Mdi�.6 Rovo��s E--_ _ I
<br />MeotAllhldic� S_"__.I
<br />COMMITMENT �
<br />la�ued: ' . IS l
<br />Expues: �
<br />DE%ISTING[] PqOPC1cJ .
<br />�s,�� r,��. r.,��d. �.,, I
<br />Improred �
<br />�Lrviny Areo �/ :�.� Sa. r�.
<br />�NFORMATION —i
<br />ihe esumatas of !irc insurance, taxes� maintenance/repoirs� hcat/utilities and closing coste em (umiched (or martgegee's and mortgagor's
<br />� information. They ney bc used to prepere FHA Farm 2900. Application for Credit Approvel, when a(irtn <ommitment Is desired. I
<br />�� GENERAL COMMITMENT CONDITIONS '
<br />1. 11AXI.LiU�i �10RTGAGE A1fOUNT AND TERhtS -
<br />(a) OCCUPANT MORTGAGORS: The mortqagc amount end tertn
<br />see for,ii in Uic hendin6 are the mxx(mum opproved (or th�s prop-
<br />erry• escuming a satistecrory owncroccupant mortgngor. The
<br />maximun arucnt and term in the heeding may 6e chonEed depend•
<br />mg upon FiiA's nting o( ihc bormwer, his incomc end credit.
<br />(b) NONOCCIIPANT MORTGAGORS: If the mortgagor does noe
<br />occup� tne house, ihe law limits the maz(mum mortgege �mount to
<br />,� not ro csceed 85 : ot the max:mum emount evailnble to en eilgi-
<br />blc morq;xgor who will occupy tho house (85% o( value i! Suc.
<br />303(i) nr 241). In the case of nonoccupanl morlgagore, the (irm
<br />connitn�nt w�Fen iEsucd wi11 rcduce thc mortgage amount end
<br />tcrmx betow that steled In the heading.
<br />(c) COAIMITMENT CHANGES: Thc Commissioncr mey, upon rc-
<br />quest o: �he approved morigagee, change the mortgage emounl
<br />•nd lertn sel forth in the headin¢. If the epp8cntion is accom-
<br />�anicd b;� e VA CRV, changes will ba madc only i[ VA iasues
<br />� •n �mendment.
<br />� 7. FIRtd COSiJ;ITSIL•\T:-A firm commitment to insure n lonn wili be
<br />� iesued upon receipt aC un Applico4on Cur Credit Approval, FHA
<br />� I:onn 2n00, executed by an opprored morl6agae end a borrowec
<br />' seuefectory to the Commiss(oner� �
<br />i
<br />3. COM1iM1iITA1T:NT TERhf: This commilment shall expire SIR MOnir15
<br />from thc issuc dstc in Uic cnse o( an EXISTIYG ❑ilUSlt ur 01:E
<br />YEAR Crom its datc in the cosc of PROPOSF.D CO\57'RUC'1'i��\,
<br />(FIl�I classijics a(! cases ns cithcr '•E,\'IS'fL\'(:" ur "Pff/l.
<br />POSGD" �or �hu purpose nf determining �rhen a cumrnitrn,�n� .��-
<br />pires. Accordingly, a house, even thougl s�ilf under r,,,;,t.u,�-
<br />tion, mny bc classificd as an c.nis�ing houcc iJ it u�ns not �+!'P^'�''''�
<br />by FfIA or VA prior to �he begiruiing o/ cnnsfruc(iur.,J
<br />4. CANCELLATION:-This commitment may 6c ennccllod :�fii•r i+U
<br />dnys frum the d�le oI issuance i1 con�tmctian has �int s6utcd�
<br />unless lhe mortgagee has disbursed.loan procccAs.
<br />5. PROPHRTY STAKDARDS:-All eonstruction, repnirs, nr ahrra-
<br />tions proposed in Ihe �pplicetion or on thc drawings ��p�1 sp,•a�fl-
<br />entions m[urned herewith, shelt equol or exceed �he PIiA 1Lni-
<br />mum Property Slanderda, or the deeiolions agmed upun pursu.�nl
<br />to purposc nnd scope provisions o[ Genera� Revislon \�.�. f, ,I,ned
<br />AuGust � 1968.
<br />SPECIFIC COMMITMENT CONDITIONS (.ippfirohle whcn e6etked)
<br />1. IIEALT{i AUTkiOR]TY APPROVAL:-Exetulion of Form 2573 by G. VA INSP6CTIONS:-Fumish o copy oC e clear VA fin.�i re�nrt.
<br />�;� Ihe Health Auiharity indicating approval o[ the watcr aupply end/ O
<br />or sc��•H�e dispasal instaliation ia required. (Appraval by letler �, q55URANCE OF CO\1PLHTIO.C:-If the requheJ rep:�ir.: ,:,�nn,��
<br />� or Hcelth Authority Form may he used.) Q be completcd prior ta submission of ctosing papers, a �onu :d��[
<br />�� escrow in Ihc amount o( S (ur such addiUon:�'
<br />I2. T6R1fiTL• CO:iTROL;-(a) EXISTING HOUSE - Fumtsh eerti(lenle �muunt as the Iemier des(res) mny be eetobliahed .�s �he mcnns
<br />� from a recognized ternite control operetor that the hause shows to nssure completion.
<br />na e�•�dence of an active tertnite intesteUon. (b) PROP056D CON- 8• SECTION 235 AUTHORIYI':
<br />S'I'RUCTIOY - Fumiah ori�inni and two copies oC Temiite Soil (a) Q'Ihis commitmenl mny be com�crleQ tu xecti�m ;.i5��) upor
<br />Trenimenl Guerentee FIiA Fonn 2052. � roceipl o! on applicalion cnrennp nn cli�ul•ir I�orro��'��o
<br />� Contract uuthoritY for Ihis purpu<c hxs 6�•cn n41��.�i�•d.
<br />,• 3. SU[iDIVISIOS REQUIREM11EIiT5:-Comply with Requ[rements (b) Q 1( controct �nothority is avoilable, lhis cmninitm�•ni r...��
<br />�. Q ho be eonverted to seeuon 235(i) upon rece�pt oi �n .�;q�ib
<br />from Rrport deted �o� catian covering en eligible borrower,
<br />Suhdivision. 9' LXPIRATION DATG:-The Totel VaWe ntnted oboe.� ie 6a<.•c
<br />— Q on Vetcrans Adminislrelion Certiticotc o( ft�:�son.�ble 1'a1u��
<br />' casc numbcr ,da�cd___ .
<br />'�• AUILDI.R'S N'AFRA\TY:-Tha buildef ahall eXeeuto FFiA Form Rc�arJless o[ General Commitment Condiuon Number d, abu�•e
<br />Q ySJJ, L3uJder's \Cartanry. Ihis commitment expires an
<br />l0.
<br />S. PROPERTY IKSPECTIONS:-A noUce of constructian status � Scc speciol eonditions No. ��=� .��� "� ��i i �*��= r_ �� �/� 1, �7
<br />ehall br R��en by Form 2289X, letter or lelephone at the timc
<br />indmared h�:ow: \ � � 3 c . .i�� /L' •5'-•' : - 72
<br />- � �- r / .bclow or ur
<br />(�.) ALL PROPOSED CONS1'RUCTION CAS[S: ptt�cped shcc6 � .
<br />. (1.) � At lenst two work days beforo "bc�inn4iC af ;,, 1, `.�'� i: .
<br />constmclian." ., � i.. j�'i, L `•, �: �L' '
<br />(2,) � Whenthebuildingisenctosed,sWCWraiframing 1��; �'� \.' .•'�
<br />wr..plciciy exposed and roughin�-in o( plumbing, 1� �� "
<br />heoting ond etectricol work lnxtalled und viei6le �����\ � ��
<br />(3.) (� 6'hen constructlon completed and property rcudy U`- ,. �' '"
<br />� �ot ottupancy. _ .
<br />(b.) � FEPAIRS: Notity FkiA upon completion ot mqutrcd �`�� „
<br />� reparts. i�; ..
<br />(c.) O CC•FTIFiCATE OF CO\1PLETI0:1: A ccrtl[icatc . ��'����•' �
<br />staling Ihat the mortgagce has exomined the proposed ��� �
<br />or requlrod repeira end that thcy heyu beCn aRUslac•
<br />tonly completed will be accepted.
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