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tun MOniGAGiE NO.
<br />�� u S.00P,1qilAEMi CE NOUSiM1G �NO uAB�x pEYELOPMINi I FHA ,
<br />fEDER�lx0U51hGA�MIN15iReTiON �ASE •�
<br />NO.
<br />f CONDITIONAI COMh11i7.1ENT
<br />FOR MOP.TGAGE INSURANCF. UNDER
<br />TH'c NATIONAI HOUSING ACT
<br />❑ SEC.20Jib� �'•SEC._
<br />..,. .._ � . ,.. ' LC',];:1y"
<br />�.,C......`.�^.1..�.Ii��..� O:: '��.� '�
<br />�. r ' '
<br />COMMITMENTY.R;dS'�MA%.ntiORf.n�.�1:5' �� �`�`"�
<br />�t��: �i:�... .....�
<br />...i�?ti�..�� . ._ 1:�. ���:..
<br />ESTIN�ATED VALUE
<br />OF AFOPEFiY . . . $= � � �' "
<br />COMMIRED� FOY INSURANCF � '. /
<br />/� � �,. �:-: ir�<:"' �l.i..2 (/
<br />COMMITMENT �
<br />/ �,/
<br />In�ed: .j ` % 19
<br />Evo��es: � � � �� 19 I °'
<br />NU. M05.=� � MA%. IMEF',EST " "%
<br />/� . .
<br />7. MON7HlY EXPENSE ESiI1MTl
<br />Fbe Im ...... $ .
<br />�a.e� . . . . , S �
<br />Condo.Com.E.p. S
<br />Mo�n.LRepoir� S
<br />Heai b UUGr�es $
<br />ESIIMAiFD
<br />ClO51NG
<br />COST......$ .
<br />�FKISiING � 770705ED
<br />(Srr Gni. Cnnd..`9J
<br />Improred 9
<br />lirinoArao ��/^J Sa.f
<br />INFORMATION
<br />The estlmalu of flre Insurontt, txxa, mninlennnce/repolrs, henl/utilllica nnd claslnF cusls arc fumisheJ lor morlgascc'� nnd mongugor'e
<br />Informatlon. They mey Le ueed to prep�re FIfA F'orm 2900, Applicntion for Credil Approvni, when a firm eommilmenl la desircd.
<br />GENERAL COMMITMENT CONDITIONS
<br />1. \L1X1\IU\f\fOItT�AGgp�tOUNTANDTF.itA15-
<br />(o)OCCUPANT MORTGAGORS:-Thc mudgagc nmounl nnd tenn
<br />xet furth in Ihe hending nre t}�e mnximum nppwved (or �hl+ prop•
<br />cny as.uming a mUsfaetory owner-occupnnt mort6+6or. 'Phc
<br />mnximum amounl nnd term in lLe hcading mny be chnngcd depen�-
<br />inG upm� FIi�Ps raling af the borroweq hle Income end credlL
<br />(b) NONOCCUPANT h10RTGAGORS: —Itlhemodsagordoee not
<br />ocwp3' �hc housc. Ihe Inw Iimits 1hc maxlmum morlgn6c amount tu
<br />not lo excced 86°/> ot thc maximum nmounl m•niinble to an digi�
<br />blc morlgngor who x911 o;cupy thc huusc (8S% af Valuc If Sce.
<br />R0�(q or 211 ). in thc cnsc cf nonoccapnnl mortgngors, the firm
<br />commitment H�hen Issucd H911 mdvee Ihe morlgoge n�nount und terms
<br />below that eloled In thr l�endinS.
<br />(c)COh1MITMENTCHANGES:—The Cummissioner mny, upon m-
<br />quce� o( Ihe approrci morigngte, chonge Ihe moctgn6c nmount nnd
<br />tenn �et forth In the henJing. If tl+c applirntion Is nccompaNed by
<br />n VA CRV, cLongee wN bc mnde only it \'.\ Issues an nmenJment.
<br />$. PIR\t CO\I\I IT�IENT: —A Iirm commilmrnl lo Insure a lonn will hc
<br />Bsued upon rcccipl o[on Applientton fm Credi: Approvnl, F'llA Form
<br />290U, ea«uted by an npproved marlRv6�e nnd n borroH�er sntls(�ctory
<br />�o Ihc Com�niseloner.
<br />$. CO\SSRT�fENTTER\i:—'IhlscommltmcniEhnllvzpimSlX!.10iViH5
<br />tromlhcismmdntclntl�cnse oC an k:%fSTI\G ftOUgi; or ONG
<br />YEAR 1rom Its dnte I�� Ihe cnec of PROCOSF.0 COKS'PRUC79U\.
<br />(FIIA dnssilira n(! ca�ts nx eiU¢r 'F.%ISTL\'G' or "PIiOfOgF'U'
<br />/nr tAc pnrpuse o/ defenrtininp u•hrn a conmtilrnu�! r.tpircs. Arrorr.'-
<br />inffy, n housq aurn Uiough s(ill undcr consfnalion, niny Le oinssi�
<br />/icd ns an r.<is�in� hnusc iJi( wm nae �+pproord Ly Fflel or YA prior
<br />to lhe Grqinninp o(ronetruofion.)
<br />4, G1\CEI.i.dTIOS: —� This <ommltmenl mny be cnneeiied niter GU
<br />deye (rom ll�e �nle o: baunnee 1! mnstrvcllon ha� mt etn:ted, uNess
<br />Ihc monpn6�e hn� dlebuned lonn promeds.
<br />6, PROPF.R7'S' STANDARDS: — NI eonelructlon, mpuire, or nlleraliuns
<br />propoaed In Ihc up�lkallon or on thc drne9ngs nnd epttificnlions
<br />rcWrned heramdih, eLoL' cqunl or excced Ihe plfA hilnLnwn Pmpe�q�
<br />Sl�nJnrd�,
<br />SPECIFICCOMMI7MENTCONDITIONS (App7icnLlewhcnd�rdrrd/
<br />1. IiF.ALTii AUTIIORITY APPAONA'.:—Exceulion ef Fbtm25i3Ly
<br />�_� Ihe Ilenith Authorily Indlcating opprornl u( Ihe n'ater cupply anJ/
<br />or sewngc olapossl Instullnllon Is reqWred. (Approvnl Ly Ict�cr
<br />or lienith Aulhorily Form may 6c used.)
<br />TEIt\tlTg CO\TIlOL:—(n) $X�STIKC IiOUSF.• Furnlshccrtificalc
<br />� Irom a reco6nised termlte mntrol opernloc Ihnt 1he i�ouw sliox�a
<br />m evidenee of nn nctive ternJle Infealalion. (b) I'It01'OStiU CO\-
<br />STItUGTlO\ • l+umish origlnal nnd �wo coplc� ot Termi�e Soll
<br />Trmtment Gvacnnlce F3{q porm 20u2.
<br />1. SL'I7DI\'ISIOY R6.tli1RF.NF.NTS:—Comply with ReqWruncnta
<br />� .o.
<br />:rom Iicpu�l Jn1cd for
<br />d. 11UII.UIi1P5 1VAilIG\\Tl':—Thc builder ehNl cacculc FI1A Form
<br />Q 4u45, I1uiWcr'n \1'nrmnly.
<br />u. .ROPERTY I\SPF,CTIORS:—A notim o( conslruction slaWs
<br />ahull 6e given by Form 22B�JX, letler or Iclephone nt thc �imc IndF
<br />caleJ belnw:
<br />(a.) .\LL fItOPOSgU CO\5TRUC'fI0\ CASES:
<br />(1.) Q At Icnst Iwo work daye Leforc "beglnning of
<br />constmctlun.'
<br />(9.� Q 1\'Len the bullding le enclosed, slrucWrnl framing
<br />mmpletely expo�ed ond muqhinR��n oi plumbing,
<br />hentlnR nnd cleqdcn: wark Inslnlled nnd vlsi6le.
<br />(�.) �\\'hen conslmcUon eumpleted nud propetly ready
<br />fur occupancy.
<br />(b.) � lill'�URS: \otity FIIA upnn mmplelion o( reqWred
<br />rrpnlrs,
<br />(c.) Q CEfl1'i'rICATE OF CO\il'1.6T10\: A ceclificalc
<br />alnling ihnt ihe morigngee hne exnmined Ihc proposed
<br />or rcquircd rcpnin ond Ihnt they hm�c Lecn antieluo
<br />Iorily cumpicled will bc uttcplcd.
<br />ti, \'A INSPgCT10\S:—Fuml�h a copy of � dtar VA Onsl rtpoK
<br />�
<br />7. ASSURANCg OF CO\iPLET10N� If Ihc reqWrcd rcpnirs eonnol Lc
<br />❑ eompkleJ pdor to eubmle�lon af alming pnpers,n Pvnn _300 c•crox�
<br />In lhe nmaunl ufj (ar euch nddilionnl nmount
<br />ae Ihc lemler de�lree) mny be ealnbllsheJ o� ihe menm lo n�eurc com-
<br />ylc�inn.
<br />8. SPLI.L:R'S AGRtiF.\iG\'C dND gSCROIt' FOIt F.AISTING PIiOPLR�
<br />❑ TIF:S FINA�CED UKDGit SGCTION Y85 -Secllon L1P.
<br />'lhle eommllment 1� inved on Ihe eondltlon Ihnt 11 ILe morq;nge is lo
<br />Le Inmred under SeeUon 235, the eelkr w111 eaecule an nF«<mmt to
<br />rdmLurse }iUf1 for e<pemee Incurred In repairin6 ��mcWral or olher
<br />ddwt� e9�h rupect la Ihe propeny be1nR eold. The form o[ nC«<ment
<br />shxll bc preecnbed by the Stt¢tnry nnd a�cller whu le na� ILc ottnpnnl
<br />of Ihe properiY wlll Jepneil 6 perccn� o( Ihe eNee pricc in ceeraw n9U�
<br />Ihe mongogee In aecordence wllh thc lerm� of Ihe ngreement.
<br />9. SF.CTIO\ Y2�
<br />Q 7'hb Commllmenl h bwed under Sectlan I`unuanl lu Sco-
<br />llon'1Z�e.
<br />10. COUfig�pORCE\1F.NT.
<br />O tinhmll n elntemenl from Iliblic Aulhadty Ihnl �hc .�L7��� r�o����ny
<br />meet� Code llequlrtmenle.
<br />11• RlqUIRtiD C6R71F'IC.1TIOti5,
<br />Q Iilecttleei Q Iimlh�6 Q Roof�nR QPiumLing
<br />�p, }:XPIIIATIO\ U�1TF.: — The Totnl Volue �Inted nhovc ie Lnud mi
<br />� Veleruns AdmlN�lretlan CartNcale of Rcmm�e6ic Vnlue, cuse
<br />number , dnled
<br />ReNordlee� of Generei Commilmenl Condlllon Namber 3, nUm•c, WIs•
<br />eommltment expim on
<br />� a.
<br />� Stt epcclnl candillon� No.
<br />�Z•/3 2z z7 '�'���� bc:oe�oron
<br />attached �Aee4
<br />'.�-� �f� �I���. I���' �� ���� � ii
<br />� , l; . . ,.,, �. �
<br />,i ���
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