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<br />FHA 1AORTG A'G EE NO U S. DEPARTMENT Of NpUS'NG AND URBAN DEVELOPMENT
<br />FHA
<br />CASE
<br />w FEDERAL HOUSING ADMINISTRATION
<br />55t+13, DDO 0 1__
<br />NO
<br />-� CONDITIONAL COMMITMENT
<br />PROPERTY ADDRESS
<br />- •�' i
<br />FOR MORTGAGE INSURANCE UNDER
<br />3402 Watlmre je�vGflue
<br />THE NATIONAL HOUSING ACT
<br />I:Ver"tt. I nchinUtern
<br />L. ❑ SEC.202Ibl 1 SEC. 991 d�
<br />MORTGAGEE
<br />ESTIMATED VALUE
<br />7. MONIHIY EXPENSE 5STIMATE
<br />RECEIVED
<br />PROPERTY S
<br />a I........ 3
<br />COMMIHEO FOR INSURANCE j
<br />DECOF
<br />C i �974
<br />CoTdo.Cam.E.p, 3
<br />FIRSTBAEIIC T1DF:TCAGF. COII1`OTtAT'OO1i
<br />r .! r /
<br />k.:r :' .•. 1..: •— ✓.l.•
<br />Muln. a Repairs $ f'
<br />Heat a unlin,r $
<br />Securities Building TIRMgArn. .•.-,•: .: :ORP!
<br />COMMITMENT
<br />ESTIMATED
<br />Seattle. Washington 98101
<br />G
<br />bssed ��"� /
<br />9J�
<br />CLOSING
<br />Eylref, �/ —•ry
<br />IV/.
<br />COST.. ..S
<br />OEXISTING O PROPOSED
<br />COMMITMENT TERMS MAX. MORI. AMT.$ U/ BOO
<br />NO. MOS`121/10 MAX. INTERESiy%
<br />c7
<br />(Sec Gen. Coed, A'3)
<br />Fl.
<br />INFORMATION
<br />The estimates of fire Insurance, taxes• mnlnlrnance/repairs, heal/utilities and closing costs arc furnished for mortgagee's and mortgagor's
<br />information. They may be used to prepare FDA Form 2900, Appliration for Credil Approval, when a firm commitment is desired.
<br />GENERAL COMMITMENT CONDITIONS
<br />1. MAXIMUM MORTGAGE AM(IUNTANO TEAMS
<br />(.)OCCUPANT MORTGAGORS: -The mart .... .count and term
<br />set forth in the heeding are the maximum approved for this prop.
<br />erty assuming n sal Llnclory owner -occupant mortgagor. The
<br />maximum arnount and term in the heading may be changed depend.
<br />Ing upon FAA's rating of the borroweq his Income and credit.
<br />+b)NONOCCUPANTMORTGAGORS: —D the mortgagor does not
<br />occupy the house, the law limits the mnxlmum mortgage amoene to
<br />oat to exceed 85% of the maxlenurn em,mnl available to an 111J.
<br />ble mortgagor who will occupy the house (85°6 of value If Sec.
<br />203D) or 221). In the case of nonnccupant mortgagors, Bit firm
<br />commitment when Issued will reduce the mortgage amount and terms
<br />below that stated In the heading.
<br />(e)COMMITMENT CHANGES: —The Commissioner may, upon re
<br />quest of the approved mortgagee. change the mortgage amount and
<br />term set forth In the bending. If The application Is accompanied by
<br />is VA CRV, changes will be made only U VA Issues an amendment.
<br />2. FIRM COMMITMENT: --A firm commitment to Insure m loan will be
<br />Issued upon receipt of an Application for Credit Approval, FHA Form
<br />2900, executed by an approved mortgagee and a borrower satisfactory
<br />to the Commissioner.
<br />3. CO\IMITMENT TEAM: —This commitment shall expire SD( MONTHS
<br />from the Issue dale in the case of an EXISTING HOUSE or ONE
<br />YEAR from its date in the case of PROPOSED CONSTRUCTION.
<br />(FIIA Nnssiffes nil cases as either 'F..YISTING' or 'P1IOPOSF.D'
<br />for the purpose of determining when a commitment expires. Accord-
<br />Ingiy, a house, even though still under construction, may be clossf-
<br />%icd as on existing house ifil was not approved by F11/t or VA prior
<br />to the beginning of construction.)
<br />4. CANCELLATION: — This commitment may be cancelled after 50
<br />days from the date of Issuance If construction has not started, unless
<br />ter mortgagee has disbursed loan promeds.
<br />o. PROPERTY STANDARDS: — NI construction, repairs, or alterations
<br />proposed In the application or on the drawings and specifications
<br />returned herewith, shall equal or exceed the FIIA Minimum Properly
<br />Standards.
<br />SPECIFIC COMMITMENT CONDITIONS (Applicable when checked)
<br />1. HEALTH AUTHORITY APPROVAL:— Execution of Form 2573 by
<br />Q the Health Authority Indicating approval of the water supply and/
<br />or sewage disposal Installation Is required. (Approval by letter
<br />or Health Authority Form may be used.)
<br />2. TERMITE CONTROL:—(a)EXISTING IfDUST.- Furnlsheetllfleale
<br />O from a recognized Termite control operator that the house shows
<br />en evidence of an active termite Infestutlon. (b) PROPOSED CON.
<br />STRUCTION - Furnish original and Two copies of Termite Soil
<br />Treatment Guarantee FDA Form 2052,
<br />3. SUBDIVISION REQUIREMENTS:' —Comply with Requirements
<br />No.
<br />from Report dated for
<br />4. BUILDER'S WARRANTY: —The holder Abell exevle FHA Form
<br />Q 2544, Bullder'e Warranty.
<br />S. PROPERTY INSPECTIONS, —A notice or eonatruction status
<br />shall he biven by Poem 2289X, letter or Telephone at the time Indi-
<br />caled below:
<br />(a.) ALI, PROPOSED CONSTRUCTION CASES:
<br />(L) Q At least two walk days before 'beginning of
<br />construction.'
<br />(2.) When the building Is enclosed, strucdural framing
<br />completely exposed and roughing In of plumbing,
<br />heating and electrical work in,tnllyd end visible.
<br />(3.) O When reatt,loB o completed and properly reedy
<br />for occupancy.
<br />(b.) [6 It EPAIRS: Nutlfy FHA up,o eumple0nn of required
<br />reps t rs.
<br />(eel Q CF11111FICATEI Or COMi'L E.TION: A ar0111,ate
<br />slntipp, that the mortgagee has sn.ntned The proposed
<br />trf rellpylr dvt•P+.Its sad Thal they have been Ii ino
<br />'r) b rgy cldln rQ wIR be m.cph d.
<br />lie NSSTTli )N 1-p (n) �a ropy of eerlee r VA Rnal report.
<br />ar 416.IJ
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<br />f1G51C.1'IN CPaiTUSE ,r ri wAILY�L N
<br />CDl'CCh110N
<br />sAS.I!
<br />7. ASSURANCE OF COXIPLETION:— If the required reports cannot be
<br />0 completed prior to submission of closing papera,a Form 2300 escrow
<br />In the amount of$ (or such additional amount
<br />as the lender desire-) may be established as the means to moues com-
<br />Plrllon.
<br />8. SELLER'S AGREEMENT AND F.SCROW FOR EXISTING 1'I101'ER•
<br />❑ TI F.S FINANCED UNDER SECTION 235 - Section 518.
<br />This commihnenl Is Issued on the condition that If the rearlg.ge Is to
<br />be Insured under Section 235, the seller will execute an agreement to
<br />reimburse IT UD for expenses Incurred In repairing structural or other
<br />defecn with respect or the property being sold. The form of agreement
<br />shall be prescribed by the Secretary and a seller who Is not the occupant
<br />of the properly will deposit 5 parasol of the sales price In escrow with
<br />the morlgatem In accordance with the terms of the agreement
<br />9. SECTION 223
<br />Q This Commitment is Issued under Section —Pursuant to See.
<br />' Iron 223,.
<br />10. CODE ENFORCEMENT.
<br />Q Submit a slalrmenl from Nblle Authority that the aubjeci properly
<br />meet. Code Requirements.
<br />11. RE:QUIREIICEIITIFICATiONS,
<br />0 Electrical O Treating ❑ hoofing CDPlumbing
<br />12. EXPIRATION RATE: — The Total Value staled above is based on
<br />Ov.,—..,. Admma.e.u.n r'.mnewo- er 11 ..... I" -
<br />number , dated
<br />Regardless of Cornered Commitment Condition Number 0, above, this
<br />commitment spires on
<br />13.
<br />IC71 gee epfelel cnndlUnm! Nn.
<br />below or or on
<br />/elttaae`hedsherL 12 oZ;7 '5L 1's..ee
<br />FIIA FORM NO ]Rpm S ITPe-1 97 %r Nn Tn MORTGAGEE AFTFR AIIf110RITF0 Ant NY SIf.NA
<br />
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