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<br />� � CONDITIONAL COMMI1h5ENi
<br />FOR MORTGAGE INSURANCE 11NDER
<br />7HE NATIONAL HOUSING ACT
<br />C SEC.I03�b� O SEC. '
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<br />COMMIThSENTTERMS MAX.MOR1.AMi.S � / �
<br />C�SC
<br />NO.
<br />?}'�.� ':ii'•irin . ..
<br />:•`Y�'t[, ' : . !ij�..:t �❑ ' '"1
<br />ESTIMAT[D VALUE
<br />OF PROPERTY . .
<br />COMM�IIEU FOR INSURi
<br />Issucd:
<br />CE
<br />�v
<br />19
<br />, �� , .., ' i ' a
<br />tlt�. MOS._ �aAX. IMERESi
<br />� l5`I,�U v'��� �1
<br />IXPENSE [SIIMAIf
<br />ri,. i,. . . . . . . S�_.. _
<br />lmm . . .. S
<br />Conda.Can�.F.p. S _—
<br />Meln.7. f`^p•�h. i_ __-'
<br />��f(11 % �Ili�llii.i S= a _�_.
<br />ES11MAtcn
<br />ClO51Nr
<br />COST. . . . . .4--- - —
<br />[IE%1571NG I_7 P0.0POSEU
<br />' 1��'��� li.'�. (�411�.Y$)
<br />.����no..:u � .� /
<br />LlVinn AfcO �
<br />IN(ONMATION
<br />Tl�e eelimnln o( fire Ineurnntt, inxea� melnicnance/rcpnirs, henl/u111ilke nnd cloeing eoeb n[c furnlahcd fur murl6n6�c'e nnd murlgnRoi �
<br />Informnllon. They mny be ueed lo prepnre FI{A Fnrm 2000, Applitallon fol Crtdll Approvnl� a�hen n Iirm commltmmri le deelrcd.
<br />GENERAL COMMIiMENi CONDITIONS
<br />], TfAX1A1UNTfORTGAf,F,ATIOUNTANDTERAIS-
<br />(n�OCCUPANT A10RTGAGORS� 'fhc modgaFe nmoimt nnd Icrm
<br />s^t torlh in lac hcndin� nrc Ihc mnximum apprnved for ihls prop•
<br />ecly nssmn6ig a Falisf.+ctoq• ownco-uccupenl m�rlFiGor. TLe
<br />mnxfmum mnounl nnd term 0� the LeaJin� mny bc chan�,cd depend•
<br />Ing upon FIiA's za11nF of ihe burrower, hie Income nnd orcJit.
<br />(b)NONOCCUPANTMORTGAGORS:—Iflhemod�;n�;ordoe nol
<br />occupy Ihe housc, thc lnw limils Wc mnximum modgnpc nmounl to
<br />nm to c:ceed 86% ot ihe mnximum nmounl nenilnblc lo nn digL
<br />Llt morl6�Hor w•ho wlll occnpy Ihe house (85y, of vnluc If Stt.
<br />20�(I) or T21). In Ihe cnac o( nonoccu�nnl morlg�6�re, Ihc finn
<br />commllmtnl when leaued wlll rcdutt Ihe morlgnge nmo�mt nnd terme
<br />below Ihat slnted In Ihe hending.
<br />qu�ez�of hleAnppro ed morCle 6ee,�eha ee he6morlgngc nmounl nnd
<br />ictm tel torlh in the heeding. II Ihe npplirnllon ls accompnnied by
<br />n VA CRV, chunR<e wlll be made only II VA leeuce nn nmenJmenl.
<br />4. FIRAf CO\ \f1TMENT: —A firm commilmenl la Imure n lo�n wlll 6e
<br />Ieeucd upon rettlpt of nn AppllcMlon fo� Crtdll App[ovnl, FIIA Fotm
<br />19U0, cattated by nn epprored m�rlgngtt nnd x bormwer enllsfnctory
<br />to lhe Commleaioner,
<br />/1
<br />3. COnI\fl7'A16:NT77iIt17:—'7hlscommlbncnlsl�nllrxptrc5lxMONIHS
<br />f�om Ihe i�suc Jalr in Ihc casc of nn F.XISTING 1[OUSI; o� ONE
<br />YEAR frmn ita dnlc in ILe ease of I'ROPOSIiU CONS'PIIUCTIUti.
<br />(F'!!A rfnsei/iee rti( msas ns ritl�er '}:8157lA�c• nr ^rrcorostn^
<br />/ur Ihr yurpns. of drrcrrnining mhrn a commi(mrnf apirre. Aocord-
<br />ing7��, a housr, t�rn Ihouqh nli!( imdor eonafn�cfion, rnny 6r dnesi-
<br />/ird ns nn ciie(in� houre Qif �rns nof rtpprootd Ly FIIA nr VA pnor
<br />!o fhr 6r8inning of awufrut(ion.)
<br />4. CANCELLATION: — Thle commilmenl may be enMdled ofter GO
<br />dnye Irom Ihe dalc of leeunncc 1f conelrucUon fia� nnl �Inrled� unleee
<br />Ihe motlRaRee hee dinbureed lonn D�ottedb
<br />G. PROPF.ItTY STANDAItDS: — NI canslruclion� rcpNrs, or nllcrnliom
<br />propueed In Ihc nppllcnl(m� oe an the drnwinge and epeciGcallona
<br />reiurncd herewlth� nhnll equal or ezeeed ILe FSiA Mlnlmum r�o�c�q•
<br />Slandnrde.
<br />SPECIFIC COMMITMENT CONDITIONS (ApP(1cn67nuhan chrchrd)
<br />1. HF.ALTIi AUTEiORITY A.PPROVAL:—Er,ttutlon o( Form2G7�Ly
<br />Q the tieallh Authority IndlcaUn6 epproval ot �he walcr euPO�Y ^n�/
<br />oz eenage dlapoeN Inntnllnllon In required, (Approval by lellcr
<br />or Nealth Aulhorily Form mey be ueed.)
<br />'1, TERriITE CONTROL:—(e) F.XISTING HOUSE-Furnlehcertlficatc
<br />� Irom o rttogn4ed Icrmilo conlrol operabr ihnt the Louae m�owa
<br />na c�9dcnce of en pd.pe Irrmile Infealatlon. (L) PROCOSIiD CON-
<br />STRUCTION • F;;mieh odginal and Iwo cople� oI Tcrmllc Sall
<br />Yr�aUnenl Gueranlee FIiA Form 2052.
<br />a. SUODIVISION REQUIREI.INNTS:—Camply wiW nc+iWrrmmle
<br />� No�
<br />from Ileporl dnled far
<br />4. DUILU31Y5 1VARliANTY:—The 6ullder nmll ezecule FI{A Fnrm
<br />Q 2GA4,IL�IIdcr'e\Vnrrnnly.
<br />6� PROPLRT' INSpF.CT10NS:—A notltt uf conelruclion elnNe
<br />shNl be �iccn Ly }brm 22P9X, IcUcr ar rdeyhane nl Ihe Iime lndl�
<br />ented bclox•:
<br />(e.) ALL PF;OPOSEU CUNS'PIIUCT�ON CA565:
<br />(1.) �j .: lensl Iwn aork dnye before "beginnlnN ��f
<br />conylrudim�l'
<br />(2,) Q\Vhen Ihe buliding le encla�ed, almcturnl frumi�y;
<br />complcldy cxposcd nnd taughlnFD��� ot plmnbing,
<br />henting nnd dectr{cnl woek instnlled nnd vielble.
<br />(3.) � 1�'hen cansln�ctlnn compleled nnd properly rendy
<br />lor occnponc)'.
<br />(b.) � RiiPAlliS: Nalify PIIA upon mmplctlan of requked
<br />/ repalrs.
<br />(c) Q CEItTIFICATG OF C0111'LRTION: A cctlificnlc
<br />slnllnR ihnl Ihc morlgngec hn� exnmined tlm pruposcd
<br />or reqWred rcpnira �nd ihnl Ihey Imve bcen entlefnc-
<br />IorOy eumpleled wlll be uca�pled.
<br />G. VA INSPECTIONS:— Fumbh � eopy of s Aur VA Ilnel repor4
<br />�
<br />�rl��� .���:a. ���'iCAS��
<br />7. ASSUItANCF. OF' COnll'I.ETION:—If Ihe lequired apeln cnnnol be
<br />❑ tomple�ed prlor lo eubmieelon ol cloeing pupere�n Form RJ00 eecros
<br />In ihc nma�inl of$ (o! euch eddlllonnl amounl
<br />ne ILc lender de�lren) mny bc edabl4hed at !he menm lo n�eure tom•
<br />plelbn.
<br />8. 5};LI.FR'S A,REEAIF.NT AND %SCIlO\V FOR E%ISTING PROPF.R•
<br />❑ TI F.5 FI NANCEO U ND4:R SF.CTION 175 - Secllon 6I8,
<br />Thle �ammllmenl 1� ieeuad on Ihe eandlllan lhnt if Ihe marlgnge I� lo
<br />be Ineured under Secllon 2�G, Ihe ecller a11i execule nn nFrcement lo
<br />reimbuue ]IUI) for eRpeneee incurred In repnl�inR elmeluml or olher
<br />dcfecl� wlth rcepM lo Ihe prnpeny bcinq eold. 7he In�m of ngreement
<br />•hall be prcecdbed by Ihc Sttmtnry nnd n�eller who h not Ihe occupam
<br />of Ihe yropeny MUI deno�ll 6 perrenl ol the enie� pdce In eurov ��ilh
<br />Ihe morlgngee In necordnnce wlth Ihe lerm� o( Ihe agmemenl.
<br />9, SF.CTI(1N77�
<br />Q Thle Commllmenl le lemed under AttQon I`ununnl la Sec-
<br />Ilan 27Je.
<br />30, CnUF. EYFOItCF.�1F;NT.
<br />G 5uumil n emtemenl Imm IL�IIC Aulhorlly Ihet Ihe �ubJeel property
<br />meels Cude Itequircmenle.
<br />I1. ItFRUiRt:D CF;I;TIFICATIONS,
<br />Q Elcctticxl Q Ilenlin8 Q IIauOnR Q Plmnbinp
<br />�y, F.XPI7lAT10N DATF.: — 7he Tolnl V�luc elnled uhorc le Lueed on
<br />O\'elernn� Adminletrelion CertlflcNe of IIeneonable Vnluq ee�e
<br />number , dnted
<br />RCRnrdlcee of Gencral Cammltmml Candllion Nomber 8� �bove, Ihl�
<br />mmmllment eipiree on
<br />�y Rr� e rdal rnndlllone o � / �(-
<br />V F_J��\ —�� i� V l_�' /�/ — belaworon
<br />nit�ehed�hreL i�__i �.:�_� � � 3
<br />V C h� Z � �� "
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