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<br />S'0[VqpTMEFTOF110USINGl1NOL�flBANDEVEtOPME F��A
<br />FEDERALHOUSINGAOMINISTHATION ICASE
<br />NO.
<br />� CONDITIONAICOMM1IITMENT PHOPErITY
<br />' FOf7MOflTGAGEINSUNANCEUNDEfl S7L !��)�
<br />TNENATIONALHOUSItJCACT r� �F
<br />^ y 1'„
<br />�SEC.'.03�6) �S'cC."
<br />"cnttle FE�rt-;syc Cc;.:�+anf
<br />P.O, Aoz ?.231
<br />ris�rett, F:at'.�1.n�t:an ?8?n3
<br />7�3-Snnn I�; - ")
<br />COMMITMENTTERMS n+nx.moAr.n��r.s �� � ''
<br />sia^.!,i::•7r��n ,'��t
<br />ESTIMATED VALUE
<br />OF PFIOPERTY....:
<br />..+.f+�
<br />:OIdM17TEO FOR INSUP
<br />wn,miin,cni . 1
<br />i::�oa ri �yr' �
<br />EMoires - �9J J
<br />_� � ✓ �.
<br />QId05. � �� l.') AfA%JNiEPEST,��%
<br />INFORMATION
<br />Form ApVmutdy�•�
<br />omo No ea�as9ee'
<br />') .
<br />7Gc�1 ��/��/
<br />i. MONTNLV E%PENSE EI
<br />Fire Ins........ S—Z-
<br />7a.es .........5=
<br />ConAo. Co.n. Ew0 5 _
<br />M��� e n<n,n. 5�_
<br />HaetauWiucs s_�
<br />ESTIMATED
<br />COST......
<br />PflOP05[D
<br />(Sr� Gn�. CovL :fl
<br />�oa � `
<br />Arca / � .� /--oa. Ft.
<br />'Phe eslimotes of fire Insur:u�ce, tnxes. mainlenance/repnirs. hcat/utilllics nnd clusing cocl. :�ru furnlshed fnr murll;:�F�c's �uid morigagnr's
<br />i�dormnllun, Thcy mny be used to prepare FIIA Purm 290U, Applicnliun fur Credit Approval.w'hen n firm cummitmenl f. desircd.
<br />GENERAL COMMITMENT CONDITION
<br />h1A51h1 UTt htORTGAGE A\fOUN'P ANll 1'IiIlT4S -
<br />(u) OCCUPAN7 MOP7GAGOPS:� thc mortgngc nmow�t nnd tcrm set
<br />foAh in ihe hending urc ihe muxtmum appruvcJ far this property
<br />nseuming q eflllsfuctory ow•ner-occupanl morlgn6or. Thc mnximum
<br />nmoant and Ierm In lhe heuding mny 6e chnnged depending upnn
<br />FHA's rating of ihc borrox�cr, hfs inenmc nnd credit.
<br />(b) NONOCCUPANTMOHTGAGOqS:� 1f lhc mortgngor doce no�
<br />occupy thc housc,ihc luw Iimlls lhc mnxfmum mor16p8� nmowH
<br />to not ezceed 85% of themnximum nmounl nvnlln6le lo an cligiblc
<br />murlgugorx�hoallloccupylhchnusc(85% ofvnlucifScc 20:5(i)
<br />or 221). 1n �hc cnsc of nonoccupnnt mongagors, ihc firm cummit-
<br />ment whcn Issucd w�ill redum the mortgage nmuunl nnJ terms br
<br />low lhnl sinled m ihc hending.
<br />(c) COMMITMENTCHANGES:- 1'hc Commis.rloncr muy, upun rr
<br />queel of the nppruved martg+�gee,chmige the inorlgnge nmainl nnd
<br />term scl forth in thc hcading. If �hc npplicntion is nceumpanicd b}•
<br />u VACR\', chnngeswiilbemnJeonlyif VA Issues an nmcndment.
<br />2. 1+112Di CUh1A11'1'AfM]V7': - A firm cummilment to Insurc u louu
<br />�eill bc lesued upon remlpl of nn Applic:rtion for Cmdit Appravxl,
<br />FHA Fbrm 2900, exccWed by an npproved murlgagce nnd n
<br />burroa•cr sotisfnclury tu thc Commissinncr.
<br />3. CODITIPPMRN9' 'PF:Ii\7: -'fhis cmnmllment yLnll expire SIx
<br />MONTHSfrom Ihe Issue duM In l6e caseof nn IiXlti'CING NOUSF.
<br />orONE VEAR from ite dNc In thc cnscof I'ROPOSIiD CONST1tUC-
<br />'PION. (PIIANnsaificsn!(cnsre nseiUur'F,'X1S7'INCur'PXO-
<br />POSF.'D'forthc'mrpnsrn(dafrrntining�uhcnacommtimcnl ez'pires.
<br />dcrorduigly, al'ouse,euen flwugh still undermnsti'u�tion, mn�• Gc
<br />class(ficd ns nn esisting hnusc i(i1 �ana no! appruurd 6y F/!A or
<br />VA prinr (n !hc Leginning o/conslructiwt.)
<br />4. CA\CI$I.I.ATIO:�: - 7'his cummitmenl mnybecnnccllyduflerfi0
<br />duva from ihc datc uf issunnce I(conelrucUnn has nut Untled, um
<br />Ies.� thc morlgngec hns di�6ursed lonn pnxreds.
<br />F. PItOPEICCYSTANUARU5:Allcm�slruction,rcpnirs,orulterntions
<br />propoeed In the applicnlimi or mi Ihe druwinge and epeclficatiuns
<br />mlurnedLerewilh,shnlleyunlorexceedthel'IfAnlinimum Proper-
<br />ty Slandurds.
<br />SPECIFICCO�dMITMENTCON0ITIONS (�lpplicn67c �uhen
<br />j�, HEALT}� AU1'}101il7'Y APPROVAI.:-Execullun of Form 2G73
<br />�J by the Hcnith AuthoNty Indlwting nppmvul of Ihc w•ntcr eupply
<br />nnd/or senngc dfeposnl fns�nllnllnu fs requlred.(Approvnlb,y lu;ter
<br />or licallh Authorily Porm m:�y Lc uscJ.)
<br />�' 'fGRS119'C•, CON'I'li(�I.: -(:U liXlti'I'ING 11<�UtiG� I��n'nishcrrli�
<br />] ficalc Irum a rccognizcd Icnni�ccunlndapc�aiorlhaltlu• housc :ind
<br />nihcr slruchvrs u�ithin ihr li•F:�I buunJarles uf Ihc pruperh� shows
<br />nn cvidcntt of :.c�i�•c tcrmitr infc.INiun. (b) I'ftOPU51?U CON.
<br />S'1'RUC'190\ -Fumishon��a�pyuf'Prrmite5oil'I'nnbncnt Gunram
<br />tcc FHA �orm 2052.
<br />3. I'1{IiI+ABRICA'PUIi'ti CI:ICI'l1�ICi\'I'N.: - 1'rnvidc 1'refubricnliun
<br />] f,cAlficn�e r�uired Ly related P:ngineerin� Ifulletin.
<br />-0. CAlil'I�.f UNUh:i1F1AUlIWC: - Nullcc uf subflunring or fin'�h
<br />] floariu� Ins�nlled unJer rarprt shnll be pus�ed ut n cnnspicuuus
<br />loca�iun within �hc da•clling.
<br />u. SUISUIVISIONIIP:QUIIt1ir1F.N'fSo-Compl�'w�itLRcqWrements
<br />�
<br />Gom Ikport a
<br />fur
<br />Subdieision.
<br />f. IS UII.UI:R'S \\'AIIRAK'I'1': �'fhc buildcr sh;dl c�cculc 1� 11�1 Porm
<br />� 2544, 6uildur's \!'nrrunly.
<br />7. PROI'PRTS' IhSPF:C19015: - A no�icc uf con�truclion sta�us shall
<br />� bc given hy �orm 2289X, Icttrr ur ldcphonc nt Ihe Umc indicnted
<br />brlow:
<br />u. ProP�>'<<1 Conslmctlun Cases:
<br />(1 )Q fiotifir.dlon sLxll bc givcn (or nll Pro osed Constrnctinn
<br />�ses pi IC�J( i\YO work dnes befom eginning u�con-
<br />el:uction" und us muy Uc insfrucicd bdnu�.
<br />(2)[j Nhrn Ihe buildfng isenclused, structurrilfmmingcmnplcte-
<br />. ly ezposed imd ro�i6hing-in of plumbing, henting nnd clec-
<br />tdcal u�ork fnsWllcd nnd visi6le.
<br />(3)❑Nhcm m�stniclion cmnplMed ¢nA property rcadytoroccv-
<br />RSPAInn
<br />I: ryNolity FHA upon completion of mquimd rePntre.
<br />c. F,RT(FiCATIi O� CObiPLETION: A ccAiOculc ntalinq lhnt
<br />�hc mungogce �nb'ez�m4rnd-t1m�+oposeJ or r�uired npuirs
<br />undtUnitl�eyhnvebcensatistnclonlycomplctcJwillbe ¢ccepicd,
<br />8. VA INSPrC190\S: - Furnlsh a copy of n dcar VA Onal rcputt.
<br />❑
<br />9. AtiSUItANC6 OF COMI'1.1: PION: . Iflhcrcquired rep�Jrec�miol
<br />� be completed pdor �n scbmissfon of cloxing P:�P�•rs, n Fonn ?:SOU
<br />csrrox•inthc+unountn[S (orsuchnddlUunolnmow�t
<br />as lhc Icnder des'ires) mny 6�• calublisheJ us Ihe mcans �o an;ure
<br />camplction.
<br />iQ Si:l.ld'sl:'S ACRI3F.\iBN7' iWU 7?SCItU'�1' FOII I:XI57'ING
<br />� PHOP!i1iTlliS PINANCIiD UNUF:Ii SN:C'f1UN 295-ticction5lA.
<br />7'Uis cummitroenl is issucd on tl•., r�u,,4itinn thn� if lhc mortyngc
<br />fs la be innumd m�derSeclinnY96, ILe:.�;lef wlll executr �m ogree�
<br />ment �o relmburse H l7U for expenses Incurmd in rtpniring etruc-
<br />tunl or ulher de(ectn with respect tu ihe pruperly bcing solA. The
<br />form ot agreement xhnll hc pmscribed by lhe Secrcl�r,y nnd u scl-
<br />Ier whu is not the occupnnt of the propcAy will depusll 5{xreenl
<br />of lhc siilcs prim �n cscrow� with thc mortg:�gc in +rernrdancc u�ith
<br />thc lerms af lhe n�;rcement.
<br />ll. ti1;C'f10N 238
<br />� Thic Commihnrnlisissucdund'crtirctlon_R�nunnttoSectlmi
<br />22:fc.
<br />�tiEC1'fON S'21(d)(2)
<br />Thc Alnkimwn L�surnblc mnrlgagc for n morl�:ngur othcrihnn a
<br />l displuced G�mil�• p�es V�n�lJ'� a Cedl(irnte nf lili�:ibility.�FllAd�unn
<br />:7-07G� is $ ..:L�� _��'-L�
<br />13. COUIi I•:NPONI'�I':\1IiN'C
<br />� SuUndl n sin�cment frum Puhlic AulLurily lhnithesnbject prnperty.
<br />mecle CuJc RcqulnmcNx. If Ihc modq:�ge cn�vmherhiq ihc prop-
<br />erl,V is to be Insured �mdrr Sectinn 221(dj('l) n rndc cnmpliuncc
<br />fnspccilon ie nquircd.
<br />14. ItG(?UIRF.0 C1ifCfll� ICA'I'IUNS.
<br />❑ ❑I'sicetrfcnl �Hcntlug (�Iiuofing [jPlumLing
<br />]5. IiCP1&�TION DA1T:: •'I'hc Tolul \'aluc slnlcd nbovcis Ua.cd
<br />� on Vctcrnns Admh�iotraliun Ccrtiflcatiun uf Reasonnblc Vnluc,
<br />cnsenumber dnted .
<br />Rcgnrdlrss of Generul Commilmenl Cm�dltion Numhcr 3, ubuvc,
<br />ihis commllmenl espires nn
<br />aG�, c c' condi49yy n��� I.�G �1 I
<br />T,�I �/l/ l V 0` 6dow or on
<br />���nitachrd shecl�
<br />�A fOAM NO 3600�5 N[V. i/)e SENDTO MOqTGACEE AFTER AUTHOHIZED AGENT SIGNS
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