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� �_�:��irj;) • � FormApproca��
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<br /> HAMUHTGAOEENO. ��. .OFPqRTMENTOFN0U51NGpN0UP8�NDEVELOPMENT. FHA
<br /> FEOEPALNOUSINGADMINISTRATION CASE
<br /> ' ':lL.�iC�ii".7. r NO.
<br /> ` • CONDITIONALCOMMITMENT PHOPEpTYADORE55 4 yi ` ✓� i� ', ��
<br /> +1 FOHMORTGAGEINSUPANCEUNDEN �t��l.• P{11.9 SC!'Cv� /� - -
<br /> � THENATIONALHOUSINGACT �.YE:PECt> i13:it1111<J��]❑ �d'�L,iI
<br /> �SEC.203161 Q SEC. �..'�
<br /> 10RTGAGEE '
<br /> ESTIMATED VALUE 7.MONTHIY EXPENSE ESTIMATE
<br /> OFPROPERTY....S • Fie�oe........ 5 . ......
<br /> COh7MIREDFOPINBURANCE Texes ...,,....5
<br /> � '� -'
<br /> SEATTLC h�i:Tt;;�C G::�P;;::I Condo.Com,EaoE �
<br /> ! ��._�I � �� ! � Mein d Repairs E �
<br /> ��,U. FUa ��3� " COMMITMENT ' • HeetBUtilitias S `� '
<br /> Evcrett, �iashinqLon )_G'��3 Issued , . �9 � ESTIMATEDCL081N0
<br /> Erpims � 19.. �� - CO6T.........f
<br /> COMMITME�T3TERM� �exisnNc ❑reoroseo
<br /> MA%.MO�IT.AMT.S ' �" � NO.MDS• � MAX.INTEflEST�%
<br /> /.tt Gcn. Conrf. .7�
<br /> INFOflMATION �mproveo � C', Z/Sq.Fi.
<br /> livmg Area
<br /> 'Phc r<timn�es uf tire insurnnce,tases,muintennnce/repnirs, heut/utlliUes nnd closing costs �ve furnlshcd for mnrlg:�gec's anJ mo�igngur'e
<br /> In�unnntlon, They may be uscd to prcpare FHA Form 2900, Appllcalion far Crcdl� Approv;d,when n f4nn commiUncn�Is desired,
<br /> GENERAL COMMITMENT CONDITIONS
<br /> L MARIbtUMhtORTGAGEAMOUNTANDTF.RMS• 2. FIRM COMA71TA1E:NT: - A firm rnmmitmen; to Ineure n loun
<br /> (¢) OCCUPANT MORTGAGOpSo- the mortgnge amount nnd lerm eet will be Ineued upon receipt o!nn ApplicnUon for Credit Appruvnl,
<br /> furlh In the hceding nre the mexlmum upproved tor thie property FHA Form 2900, execuled by un upproved mur�gagcc nnd n
<br /> nasuming a eatiafacloryowncr-occupantmodgagor.Themnximum borrowcr satlsinctory io thc Cummissioncr.
<br /> nmoun�and term In the heading may 6c changed depending upon 3. COMr71TMBN1' TEI2Af: - Thls commitment ahnll expire SIX
<br /> b'IfA's raling of ihe borrower,hla Income and credl�. MONTHS from�he issue dnte in the enscuf nn EXIS'f ING IIOUSE
<br /> orONEYEAq from Ile dute In ihc cascot PRUPOSED CONS'1'BUC•
<br /> (b) NONOCCUPANTMORTGAGONSo- If lhc mortgngor does not TION. (FHA claaai/ies ¢(f rnsca nscilhcr'EXfSTINf,'or 'f'R0.
<br /> occupy the houec,the Inw Ilmlte the mnxlmum mortgage nmounl I'OSED'/orthcp urposeo/'defermining mhenacommJment espirca.
<br /> !o not exceed 85% o(themuximum amount av¢Ilnhle lo en eligible Accordingly,ahouse,eucn tliough sfif!underconstnrclion,may bc
<br /> morigngorwho willoccupythchousc(85% of valuc If Scc. 203(1) c(asn�ed a� mi esistinq housciJ@ waa not approucd Ay F/IA ar
<br /> or 221). in thc cnec of nonoccupnnt morigngore, Ihe firm commi4 VA prior to!hc beginn'vig o/consfruclion.)
<br /> mcnt when IseucA wlll redum ihe mortgnge nmount nnd terms be� 4. CANCELLATION: - Thfs wmmflmcnt muy be cnncclled ufler GO
<br /> loa•thnt etated In the hending. dnye from the dnle of iasuunce It cansiruction hns not s�nrled, un�
<br /> lese ihe mortgngee hns dis6ursed lunn proceeds.
<br /> (c) COMMITMENTCHANGES- TheCommisslonermay, uponre- 6. PRQPF.RTYS7'ANUARUSo-AIlwnstrucUon, re ¢Ire,oralterotions
<br /> quen�olthe npprovedmortgngee,chnngethemodgageamouut nnd propoecd In �he nppllcatian or on the drnwinge and epcdfica�lons
<br /> lerm ect torih in the hending. If the epplicallon is accampanled by mlurucd herewilh, ehnll equul or cxceedlhe FHAhllnimum Proper•
<br /> n VA CRV,chnngeswlllbemndeonlylf VA issucs nn �mendmenl. ty Stundnrde.
<br /> SPECIFICCOMMITMENTCONDITIONS (Applitable when ched;edJ
<br /> � HEALTH AUTHORITY APPROVAL:-Ezecutlon ot Form 2673 9. ASSURANCE OF COMPLF.'PION:- Iftherequlr�drepnirscannot
<br /> by the Health AuthoNty Indfcating approval of the water eupply � be completed prlur to submission of closingpnpers,a Form 'leOU
<br /> and/or eewage dispoeal instntlntlon is rcqulred.(Approvalby Ictter cacrow InthcamounlofS (otsuchnddi�lonnlnmounl
<br /> or Henith AWhorlly Form mny be used.) ne the Icnder desircs)may bc estnblished ns the me¢ns to nssurc
<br /> complctlon.
<br /> ! 'PEIiAfITE CONTROL: -(n� ESISTING f10USE- Furnixhcerli-
<br /> ]lic:de frum a recugnized termitecuntrulupernlorlhallhe hmise nnd 10. SELLER'S AGREEN6NT ANU IiSCROW FOR EXIS'fING
<br /> ulher struclures wilhin ihe Icgal boundnries uf the property shows � FROPERTItiS FINANCED UNDlilt SF.CTION 235Seclion 618.
<br /> no cviden-.� of aclive Iennite iidesl:iliun. (b) I'ROPOSF.D CON� Th1e commltment ie leyued on lheconditionthptif �he moriKuge
<br /> ti'PRUC790N -FurnishonecnpyofTrrmlteSuii'I're��ImeNCu:�r:�m ��obelneuredunderSection235,theeellerwlllexeculennn•ree-
<br /> Ice FHA Form 2052. b
<br /> ment to [elmburee HUD for expenaes Incur[ed!n mpnidng atruc-
<br /> 1. Piil•:PABRICA'POH'S C611'19FICA'1'1?: - PnwiJe Prcfabricaliun �uol or other defeMewllh rcspectlolhepropedy bcing sold. The
<br /> ]Certifica�e r�qulrcd by rclated F.ngineering liulle�in. torm ot ngreement ehnll be pmscri6ed by the Secretnry nnd n ael�
<br /> ler who le not the occupaN a[ihe pruperty w911 deposit S perrenl
<br /> J. CARi'F.'I' UtiUF;RFLOOBINC: - Nntim uf eubfloorfng or finish af ihce¢Iesprlaelneacrow withthemorig¢ge In nccordnnce �eilh
<br /> ] fivarinq inslnlled under r,�rpel shzJl bc pusted tU n conspicuous �he terme of the egreemenl.
<br /> lucatiun within Ihc dwellfng.
<br /> 11. SECTION 2'l3 �
<br /> 5. tiUiIUIVISIO,JRF.QUIRF.�IF.NTSo-ComplywilhRequiremenisNo. ❑ ThisCommilmeNlsissuedunderticction_ILrsunnlloScc�iun
<br /> � 223c.
<br /> frum Reporidated f�r ',�2,�T10N 22l(S)(2)
<br /> _ Subdfvisfon. T'gChe Dluacimum Insurnble tnudgnge(or i�mortgngor otherthnn n
<br /> �`ldisplaced fn9iily prese Iin�n Cettlficnte of F.Iigibflity,d�IIA.Cnnn
<br /> li. Iil'lI.D6R'S1\'ARI2ANTl':- '1'hebuildershnllexen�teF11e1Rurm 347G, Is$��j [1
<br /> ❑ Yu4d. iiuildcr's 1Varr;mty.
<br /> 13. CODF. ENFORCE\1h:N7'
<br /> 7.�PR01'IiRTY INSPF.CTIOKS:- A nolice af construcUon slntus shnll ❑ Submil n sl��lement from 1'ublic Authurity thnlihesu6ject pruperly
<br /> � hc gi�•en by Form 2289\, Icncr or tclephone nt Ihe time indfcn�ed meets Code Rcqulrements. If ih�mndgagc encumber�ng the prup-
<br /> bcluw: erly ts lo be Ineured under tieclinn 22t(<I)(2);� code cnmpll:mrc
<br /> :i. 1'rupuscd Conslruclion Cascs: Inspection Is rtt�ulrcd.
<br /> (11�Nolfficatbn shall be glven fur nll Prn osed Conslmclinn
<br /> nses at Ieust two work dnys before egmNng o con- 14. RE(2UIRED CI3R'CIFICATIONS.
<br /> slructiun"and ns mny be instruc�ed belaw.
<br /> ('l)G11'h�nihehnildin�ivenclosed,structurulfrnmingcumpletr � �F.IcciricN �Ilenling �Roofing �Plumhint:
<br /> ly exposed und roughingdn uf plumbing,hcatingrmd clec-
<br /> tdcul work Instulled nnd visiblc.
<br /> (3)�When conetrucllon compleled¢nd propezty readyforoccu• 15. EXPIRATION DATE: - The Totul Vnlue ntnted abuvc Is bnsed
<br /> pflncy. � on Veterans Adminislrnlfon Cediticntion of Iteasunnble Vnlue,
<br /> b REPAIRS: NotUy FFiA upon completion of mquired repnire, ctteenumber dnted
<br /> -CP,7t1'iFfCATE OF COMPLETION: A ceRi(Icete alati�g thul Re6nrdlesx ot Gener¢I Commitmenl Condillon Number 9, n6nve,
<br /> thc mortgegee hae examined the proposed or rcquired repeln thle comnitmenl explrce on
<br /> end thnt they h¢ve beenantis!aMorilycompletedwillbe nccepted.
<br /> �. Scc speclnJ con ons �jq. �/� � I
<br /> B. VA INSFECTIONS:- Furnlsh n copy of n clenr VA !in¢I report. � //' /�� ���, /�j� �� below or un
<br /> ❑ nt nc e e hcl.
<br /> � � c �b , V� y� 1, l - � )
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<br /> E° '' ' :�4L
<br /> 'tl�r���� :,.,. . . .
<br /> iA iORM NO 7800�5 REV 2/76 SEND TO MOPTGAGEE AFTER AUTHORIZED AGENT SIGNS
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