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<br />�OR 1dOkTGAGE InSURA�G"c U�DER
<br />7N= \ATIONAL .i0U51\G AC7
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<br />"S�C.203(b) � SEC.
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<br />C0,11At171,4eNT T:� j�;S; tn,;ti. n+oer. nMr
<br />��:� �'/�
<br />C.1Sc
<br />NQ
<br />riUYtRTI" FDDRES�
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<br />�al;:;,:T�c 0; YALU� A\�
<br />CLOSING COS i S
<br />VALUcOP?ROPERTYs�i .
<br />Cio:in� ro:�s . . . .. 5
<br />TOTAL (l�nr 1(nrtgn�c � i,� , .�
<br />/n.au,nn�c Pu.n��scs1...5
<br />APPRQ:'"c0 FOR COMMITMENT
<br />� . . i ;
<br />MourH�v cxi
<br />ESTIMATE
<br />'rire Ins.... 5
<br />TORCS....• S
<br />IAoin.B Repairs S
<br />Meo�BUhli�les 5
<br />COMMITMENT
<br />Issued: / - ! !
<br />Erpi.es: ' n
<br />I uERISTING[
<br />N0. MOS. ����" MAX.INTEREST � i�,.� r.�_ ,
<br />19. •
<br />19%'.
<br />PROPOSED
<br />ILiving�Arca �/�� Sa.
<br />INFORlAAT.ON
<br />Tim estimatec of (ire insurance� tuxes� moinlenance/repnirs, hcat/utilitics and tlosing eosts nrrt furnished (or mort��Ceds nnd mor(gogp�'y
<br />information. They mny be used to prepare PHA Form 2900. Applicution (or Credit Approval� when n(irtn commitment is desired,
<br />GENERAL COMMITMENT CON�ITIONS
<br />�. 61AXI:.fU11 GiQRTGAGE Ah10UNT AND TERA15�-
<br />(:�) OCCUPANT MORTGAGORS: The mort�o�e amounl ond tcrtn
<br />::ct forth in thc ��endin�; arc Ihe mnximurt, npproved (or Ihis prop-
<br />��riy n;r.uioin�� n f:ali::fartnry awnrr-nCr.upont morlga�;or. Thc
<br />m:�sir:nun :nn,nmi nnd �cm� in Ihc hc:idinC m:�y Lc <hanl:cd dcpend-
<br />mi: np,.�n PIIA': rnlin�( of lL�• 6oerawrr, hir. incomc ��nd cred�t.
<br />�:J NOtlOI:NPANT MORTGAGORS: I( Ihc mnrl�;np,or Jnc: nnt
<br />oc::upy Ihc Lau^r. ILc I:iw lunits Ihc mnximwn nmrti::�e� :�mount lo
<br />nnt to excced 85% of the m:�ximum ninount avai(ablc to an elii;i-
<br />Iri.� mnrl�;n� or who will occupy lhc house (85% of value i( Sec.
<br />2US�i) or 221). In lhe cnvc o[ nonoceupnnl mort�,ngors, thc (irm
<br />tommilment when issucd wi❑ rcducc thc moriga`c amount nnd �,
<br />lenns 6cluu•lhal slnted in lhe hCnding.
<br />(r) CO1d1A1TMENT CNANGES: The Cn�nmissioncr moy, upon rc-
<br />•sl o( Itic :�ppmveJ morq�a`ee, eha�ge the mort�a`c nmount
<br />:�n.i trm scl fnrth in ihc hcnJin{;. If tltc applicntion is accom-
<br />� aui��J L�; n VA CRV, ch:mF;es will be mndc only if VA �ssues
<br />:m .uucndmrnt.
<br />2. Pi:i`d CO'd))Cf\iENT:—A firm commitment lo insurc n loan will bc
<br />issucJ upu; rcceipt o( un Applic:rtion far Credil Approval, F{IA
<br />r�,R,., �n�p� i•a�ruted Lp an nppmved mortgegee ond u borrowcr
<br />...::iei_Cory tc d�u Co::..�.:::eior,cr,
<br />F�.
<br />3. CO,',1\tIT1:E\T TER\1; This commitmen[ sha(I espire SIX MONTHS
<br />frnm thc issue dete in tiie cose o( an L•XISTING IIOUSG or ONE
<br />YEl.R Crom i�s Jatc in thc casc of PROYOSGD CO\57'RUCTION.
<br />(l�llil dassi�irs u([ cnsrs ns cithcr "E.\'IS7'/i\'f." nr "PHO-
<br />P!l.tiliU" f��r lhr pur�rnsr n� dcl�•/rninin� u,hcn u curruni(m�vd �•z-
<br />pin�s. drtoiJingly, u huusr� rurn (6ougl� s(iN undcr tonetru�-
<br />tion. nwy bc c(ns.+i/icd os a.� czis�ing houac i� it mns not approucd
<br />Ly F!!A or VA prior !o dre Gcginning o� constructinn.J
<br />M1. CAKCELLATION:—This commitmenl may be cnncclled o(ter fi0
<br />dny, (rom the date o( issuance if eon=tme{ion hns no[ started�
<br />unless lhe mortgo�ec has disbursed lonn proceeds.
<br />5. PROPIiRTY STANDARDS:—All eon.truction, repnim, or allcrn-
<br />lions prupnccd in thc applicntion or on thc Jrnwici;v nnd specifi-
<br />e:�tions returncd herewilh, shall cqun� or exceed tlie FHA Atini-
<br />mum Property SlanAards, or [hc deviations agmed ipon pursunnl
<br />to punosc . nd ecope provisions o( Gencral Revision Vo. 6� da(ed
<br />Auguri, 19(,8.
<br />SPEQFIC COMMITMENT CONDITIONS (.ipplicaG(e inhen eL�ckedJ
<br />1. iiEALTIf AOTIIOCIT1' APPROVAL:—Ezetution a( Form 2573 bv
<br />� ihc Ilcallh Authority indicaling nppmvai o( lhc wnlcr supply and/
<br />or r•ew:i,�. riisposal insl�ll;�tion is required. (Appwvnl by le!tcr
<br />or ilcultl� Aathorily Sbrm mny bc used.)
<br />� TGR\11'PP•. CONTROL:—(�) 6XISTING HOUSL - Fumis}� ccrti(ic. tc
<br />�� from n reco�ni%cA tcrmitc control operator that thc Louse shows
<br />no evidenee of nn nc[ive termi�e in(esl�lion. (U) PROPUSGD CON-
<br />ti:RUCT10.^i • Furnith origin.l and two copies oC Termite Soil
<br />'Crcatmun: Gunrnntcc FIIA Farm 2052.
<br />3^ SUI3DIVIStON REQUIR6\fENTS:—CompiY with Requircr.icnts
<br />frnm Repart Jnlcd
<br />for
<br />ision.
<br />-�• i3U1LDL•R'S li'ARRANTY:—Thc buildcr shnll executc FHA Porm
<br />i� �5;4, UuilJcr':: N'nrt:�nly.
<br />5. PIiOPh:127'}' INSPI:C'I'IO\5:—A naticc oE ronsWction etaWs
<br />sha❑ bc given by I'orm 2289%, Ictler or tclephane nt the timc
<br />indicnted bcloa�:
<br />(:..i /1Lf. 7'liliPO::ifD CGJSTI2VCTIOPi CA3L•5:
<br />(1 J � A1 ir,-.:t Iwn work Jay� befure "6eginninlS o(
<br />cnnstmclinn."
<br />(2.) � lCLcn Ihc builJin� ic cnclosed, strucWr:d framin;•,
<br />eomldetell' ezposed nnd ruu�,hinC"in af plumbim,:.
<br />henling and electrieal work insmlled anJ eu:ible
<br />(3,) � Nuen cuustmction compleleJ and progerty resdy
<br />fo� occupuncy.
<br />(o,} �] �'.[SppIKS; Noei(y PiIA upon completion oC requircd
<br />. , mpair.;.
<br />�._.) u CP:R'CIPiCATL' OP CO\iPL6T10N: A ccrti(ir.rtc
<br />sL�GnP. Ihal the mortga�;cc has ex�mined lhe propos.�J
<br />or rcquimd repairs anJ that thcy hove becn satisCu<-
<br />lorily eumpleted will be accepeed.
<br />G. VA ISSPL•CTIONS:—Pumish a copy oC a clenc VA finnl report.
<br />0
<br />7. ASSURANCE OF COSiPLL•'TION:—I( Ihc required repnirs cannol
<br />[� Uc eomplcled priur ta submission oC closinq paper.:, n �orm 2300
<br />escrow in thc amounl oC S (or such nJdilinn:�l
<br />amcunt %�s tLc IcnJer desires) mey be estnblished us (��c means
<br />In assum completion.
<br />3, SGCTIO\ 235 AU1'iIORITY:
<br />(a) Q'Chis rommitmenl mny be tontcrted to section 235(i) upon
<br />rcccipt o( nn :.ppiication cu��crin� nn elil:iLlc borrowi�r.
<br />Conlrncl aulhurity ior tLis pwpo^c has 6rc�� obligaled.
<br />(b) Q If conttact , ulhorill' is araila6lc, lLis eonmilmenl mny.
<br />6e canvcrlcd to s�ctinn 235(i) upnn mcuipt of an ap�rli•
<br />cnlian covcrin� an eliCiLlc 6nrrnwcr.
<br />9• HXP[RATION llA79?:—TLc Tnu�l Vnluc sla(rd .bnvc i.^. ba,.ed
<br />Q on Vetrrans AAministration Ccrlificntc of Rmsonahlc Vaiuc,
<br />casr. numbor ,�;q��__
<br />Rcgardles, of Generat Commitment Condilion �umber 3, nbove,
<br />this commilment expires on
<br />� n.
<br />,Q� - .
<br />S'cc &pccinl conditians No, /G� /% / f� 1/� )7�1,j ';�,
<br />,��.1.}. `/. ' ) 7� "/ ,'lfi�(2"�'�.(-� _bc1oW oron
<br />�lwchu� sne:[.
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