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. - <br />I ;' =�,_. <br />FMA ORTGAGEENO� <br />� �� � <br />0 <br />� <br />s <br />� <br />FH <br />— FHA <br />` U.S.�EPARTMENTOFHOUSINOANOUPBAN�EVELO'MENT� CASE <br />: FEqf:AALM0U61NGADMINISTHATION <br />' NO. <br />J IONALCOMMITMENT PPOPEflTVADORESS <br />�IIQE INSUflANCE UNUER SZIG la=t1 'C• <br />�kii�NALHOUSIN�NCT p���t� }���� 98201 <br />2031b) ❑ SEC. <br />t4El�6�►GG CtAliktl4 <br />P.9. � 1S4i <br />(,�.�„�� Vi�i• 9�3� <br />. <br />Porm Approvetl <br />OMB No 63,�� 766 <br />J� � l � 1�- <br />ESTIMATEDVALUE 7.MONTHLVEXPENSEESTIMATE <br />OFPROPERTY....S "����� � Fhelns�...... s S <br />Taaes .........5� <br />y0 FONJNS� �onao.Com.EepS <br />�;�• Mmn&Fev��rs S <br />O �T ENT / �1 <br />� � Heal & Uuhuos S <br />Iss� b � � - .} �9 /�' ESTIMATEDCLOS G� <br />e. ��a: ' x=' <br />(. . J <br />✓ ie 1� , cosr.........s <br />�./ E%ISTING ❑PROPOSED <br />�1 �/l <br />COMMITI�dMS MAR.MOflT.AMT.S� NO.MOS.J�—MA%.iNTENESi/ °6 (Srcl:�n. Cond. �71 <br />Irtipmved /� Sq Ft <br />IN FO RMATI ON ���inB A�ea <br />'fhe eslimates uf (Ire Insumm:e, taxes, maintennnce/repairs, heul/utililies nnd closing rosls nre furuished fur morigagei s nnd mnrtgagor's <br />Informnlinn, They moy beused to prepnre FHA Form'l�IUD, Applicntion fur Crcdit Apprnval,when u firm commitment is desired. <br />GENERAL COMMITMENT CONDITIONS <br />l. hiARIMUDI MORTCAGF.AMOUN7' AND TI:IiMS- 2. I+Ilt11 COb7MITn1F:NT: - A 6rm commitment tu insurc a 4ann <br />(u) OCCUPAN7 MOHTGAOONS:� the mortgage umount nnd term sel will bc lysued upon receipl uf un Applicnlinn for Credit Approvel, <br />forth In �he heflding nm lhe m¢z'unum flpproved (or lhis property FNA Form `190Q executed 6y ¢n upproved morigagee flnd n I <br />burrowcr snlisfnclory tu ihc Commissioncr. <br />neeuming � e¢llslnMory owneo-occup ant mortgagor.l'he mnxlm um I <br />umuunt nnd term in the hending mny be chunged depending upon 3• ���h����'I'M3sN'P 1'�Rhl: Thie commitment shull expire SI% <br />FHA's rnthig of the batrower, hie Income nnd crcdit MDNiHSIrom the issuc date in the cnseu( nn F,AI51'INC FiOUSE <br />orONE vEAP (rom ils dntc In lhc caecof YROPOSliD CONS'1'RUC- <br />(b) NONOCCUPANT MOHTGAGONS:- It the mortgngur does not 'CION. (FNA classQies al! casea ns eilher "EXISTINC'or "PR0. I <br />acr.upy lhe houee,the lnwlimita the maximum morlgnge umount POSED"forthep urposeofdelerminmgwlunncornniAment expired, <br />Accordingly, uhousc,cucn (hough s[il( un�krcor�vtruction, may 6e <br />lo not exCeed 85% of themnximum umount nvuilnble to an digiblc ��aysi/icd as an exisfing house i(i1 was not approved Ly FHA or I <br />morlgngorwhowilloccupythehouae(85% otvalueifSec.209(I) VApriortolhe6eginninqoJconstrucfion.) � <br />or 221). In lhe ense of nonoccupant mortgngors, the firm commil- 4. CANCELLATION: - This c�immilment mxy be cancelled nfter 60 � <br />menl when leaued wlll redum lhe mortgnge umounl flnd lerms be- dnye from lhe dnte af Issunntt� It conslructlon hns not started, um <br />low lhat ¢tnted In ihe he¢ding. less the mortgagee hns dlsbursrd lonn proceeds. <br />(c) COMMITMENTCHAN,ES: � The Cummissianer muy, upnn re- G. PROPERTY STANDARDS:-All construclion, repnire,ornllerulious <br />queel of the npprovedmarigngee,chnngethemortgageemo�nl and P�oposed In the npp:icnllon or un lhe drnwlnKs and epecifimtlone <br />lerm ecl fodh in the hending. I( llie npplicnllon Is accompnnic� by mturned herewith, shnll equal or exceedthe PHA NGnimum Proper- <br />n VA CRV, chnngeawillbemndeo¢Iyi( VA lesuea nn nmendrt�ent. ty Standurde. <br />SPECIFICCOMMITMENTCONDITIONS (Applicable wFrn ehechedJ <br />j_ HEAL'fH AU'CHOR[TY APPROVAL:-Executlon ot Form 2673 I 9. ASSiIRANCE OF COMPLETION: - Iftherequiredrepuirecmnut <br />L� by lhe Health Authorlty lndicnling upproval of lh anter eupp�y �❑ be completed pzlar lo submisalon of cloeingpapers, n �onn 2300 <br />nn@JerseHnqedisposnl!ns!cllntlondnrequired.(.lppre:�flibulettar escrowlnthenmountofS (orsuchndditlonnlmnount <br />or Henllh Authorlty Furm muy be used.) ns the lendcr desires) muy he establ'uhed xs lhc mcans lo nssu:r <br />completion. <br />2. 9'GRAIITE CONTROL: -(a� 6XIti'fING HOU56- �urnlshccrti- <br />❑ fic¢�e from a recognized Iermilecontwluperatorthallhe house nnd 10. SELLFsR'S AGREliMF:NT AND ESCROW FOR EXISTING <br />olher slru�iures within the Iegal boundarles of the property showti � PROPERTIF.S FiNANCED UNDF.R SECCION 235-Sectlon518. <br />no evidenm of uclive termile infestnlion. (b) �'ROPOSL:D CON- This commitmenl Is Iseued on the cona4ion ihal i( the morlguge <br />STRUCTION-GurnlshonecnpyufTermlleSoilTre:umeniGuaran- �y���einsumdunderSectlon236,theseiierwillexeculennngrcr- <br />lee FHA Form -2052. ment to relmburee HUU fnr expenees incurmd h� rcpniring elruc- <br />tunl or olher detecta wlth mepecl �o lhc property Ueing sald. The <br />'i. PRI?FAIiRICATOR'ti Clslt7'IFICATF.: - I'rovidc Prefnbricntion <br />❑ Certificale reqWred by rela�ed Rnginecring I3uIIc1In. <br />�t. CARPF.T UNUERFLOOHING: � No�ice of subtlooring or (ini�h <br />�] Oooring ins�alled under curpet shall bz pos�ed nl u conspicuuus <br />IocaUon withir the dx�elling. <br />5. SUBDIVISIONREQUIREMENTS:ComplywithRequirementeN� <br />❑ — <br />Gom Reportdeted for <br />Suhdlvislon. <br />G. I3UILDER'S WARRAK iY: � Thc builder shall execule FHA Fonn <br />I � 2.544. Ilutldcr's Wnrranty. <br />7. P(tJPERTY INSPfiC'PIONS: - A nolice ot mnstruclion stalus shull <br />�e given by Form 228'JX, leller or tclephone nt thc time indicaled <br />6eloa: <br />a. Proposed Cons4vction Cnses: <br />(1)❑ Notlfic�tion shall be glven tor ell Pro osed Construclion <br />u es at lenst two work duys beforc eginn ng o con- <br />etructlan" und as muy be inelrucled below. <br />� 2� nly expoeedhan'd �rou�ghingnin o�f plu nbing nc �v Ing und clec- <br />trical work inetalled nnd vlelble. <br />(3)0 When conslrudian compleled and property rendy(oroccu- <br />fln <br />b. PAIRS: Notify FHA upon rnmpletlon of rcqulred repatre. <br />. CERTIFICATE OF COMPLE'fION: A ceAlticnte elatlng that <br />the moAgegee hne examined the propoeed or r�ufred mpalra <br />end that they 6nve been entletactorily compleledwll be aceepted. <br />P. VA INSPECTIONS: - Purnlnh n copy o( n clenr VA Rnol rcpoR. <br />❑ <br />FNA fOPM N0. 2800�6 flEV.I�7E <br />form of agreement shall be p�cecrlbed hy lhe Secrelary nnd fl ecl- <br />ler who le not the occupunt ot llie property wlll deposil 6�•rcent <br />of the enles priae in eecrov� wllh lhe mor�g.�qe in nccordnnce wllh <br />the terms of the ngrcement. <br />ll. SECTION 223 <br />� ThisCommltmentlelesuedunderSectlon_LLrsu�nttoSecuon <br />223e. <br />12. SECTION 221(d)(2) <br />� The Maxlmum Ineurnble morlgnge for n moRgagor olherthun a <br />dispinced f¢mily presenling a Cerilticale of Ellgfbllity,�FHA�Form <br />a.476, is S <br />73. C011E F.NFORCEbiENT <br />� Submit a elnlemcnt from Publlc.Avthorlty thalthesubJecl property <br />mcets Code I2equlmmenLy. If lhc mo:tgage encumbering �he prup� <br />erty is to be lneUred under Seetlon 2'll(d)(2) a codc rnmpllmicc <br />tnspecUon is reqWred. <br />14. REQUIRED CERTIFICATIONS. <br />❑ ❑Eledr'wal �i;ta:iag U.�uui:ug �� ji'lumbi�g <br />15. liAYIRATIOIQ DATE: - The 'Cotul Vulue sl¢led above is buacd <br />� on Veter¢ns Administrnllon Cedilicutlon of Rensonuble V¢lue, <br />cneenumber dnted . <br />Siegardleas ot Genernl Commitment CundlUon Number 3, abovc, <br />this commltmenl expires on <br />� S c sp ipl c 1 ns o. �,I <br />G- [ L T� bdow or on <br />ntlnched sheN. <br />6END TO MU NTUAUCC N�� cn wa � nv•�•«� ^��^ • �•� <br />'_.......�u��nf"' _ <br />MOflTGAGEE - AFTER COMPLETING THIi FORM UETACH THIS SHEET. SEND REST OF FOflM TO FHA OFFICE <br />.-. - - . _ — _—" _ __ _i <br />