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<br /> FNA MORTGAGEE Nb FNA
<br /> U.S.DEPARTMENT L HOUSING ANO NISA ION LOpYl NI CASE -
<br /> 5542A-124 -G f[OFRAL HOUSING ADMINISTRATION NO,
<br /> PROPERTY ADDRESS
<br /> ! CdNAL COMMITMENT 1.T-7:,L)i StrIbut S.H.
<br /> � FOR NLQRTbL00.IGAGE INSURANCE UNDER 74t,'d ,_ i/� •y.
<br /> THE NATIONAL HOUSING ACT ': n.ttt �.YYI-ingtop 9ff%03
<br /> ❑SEC.203(b) ®SEC. 221
<br /> MORIOAGEF ESTIMATED VALUE 7.MONTHLY EXPENSE ESTIMATE
<br /> OF PROPERLY $ _ Fua las " "'• 3
<br /> I' COMMITTED FON INSORA CTam ,,, , •.• 3
<br /> .'1 C Ls f40RTCw1C8e n3:• A•;7ent for - r r� fll Comda.Com.Eep. $
<br /> Peonlon Lrortcrago •, .i h% J -r � Main.S gapabs 3
<br /> / -O.r' SAS_ Heol 8 Ulllllin 3_
<br /> P.O. LTOX 2231 COMMITMENT - ESTIMATED
<br /> Z'f wiltte ls'AIYLSDCton 9£1203 luusdr /� / Iv Q051NO _
<br /> Expires: r• 19 17 .. 1
<br /> cost. .. . . .3 -
<br /> 77gg�� S5gOG _. OEXISTING O PROPOSED
<br /> COMMITMkNTTERMS MAX.MORT.AMT,3 —NO.MOS:__MAX. INTEREST / % (S" Go. Curd.a3)
<br /> Improved
<br /> INFORMATION Lirmg A•ao 7/S .FI,
<br /> The estimates of fire Insurance, tax", maintenance/repairs, healluWllies and closing scale ere furnished for mortgages's and mortgagor's
<br /> Inlormallon. They may be used to prepare FHA Form 2000,Application for Credit Approve:,when a firm commitment Is dealmd•
<br /> GENERAL COMMITMENT CONDITIONS
<br /> 1. MAXIMUM MORTGAGE.AMOUNT AND TERMS-
<br /> (a)OCCUPANTMORTGAGORS:-The mortgage amount and term 3, COMMITMENT TEItM: ThlacommitmentshallexpireSIXMONTHS
<br /> set forth In the flooding are the maximum approved for this prop- from lite Issue dale In lite tate of an EXISTING HOUSE or ONE
<br /> My Assuming n wisfactory owner-occupant mortgagor. The YEAR from IIs dale in the case of PROPOSED CONSTRUCTION.
<br /> maximum amount and term In the heading may be changed depend. (FIIA elassifi" all nisei as rilher "EXISTING' or 'PROPOSED'
<br /> Ing upon FHA's rating of the borrower,his Income and credit. for the purpose of delennfning when a eonunOn¢nt rxphve. Accord-
<br /> (6)NONOCCUPANT MORTGAGORS; -11 the mortgagor does nal ingly, It Avast, turn though still under construction, may be clossi-
<br /> fled as an rxisling house(nit u•m nut opprot-d by FICA or PA prior
<br /> occupy the house, the law limits Ore maximum mortgage amount to to the belinning of construction.)
<br /> not to exceed 85% of fit* maximum amount available to an e1191-
<br /> It morlgagor who will occupy the house (85% at value If Sec.
<br /> 203(1) or 221). In the case of nonoccupant morlgagors, lite Mn
<br /> commitment when Issued will reduce the martgnge amount and Terme 4, CANCELLATION; - This commitment may be cancelled after 60
<br /> below that stated In the heading. days front the date of Issuance It co structior has not started, unless
<br /> the mortgages has disbursed loan preccedt.
<br /> (e)COf the approved CHANGES 'Fite change
<br /> the Commissioner may, upon re•
<br /> quest of the approved mortgagee, thnnge the mortgage amount and
<br /> a V oat forth In a the Aral be d the application Is as amended by
<br /> e VA CRV, changes will be made only U VA Issue,an amendment.
<br /> 2. FIRM COMMITMENT:-A firm commitment to Insure a loan will be G. PROPERTY STANDARDS:-All construction,repairs, or alterations
<br /> Issued upon receipt or an Application for Credit Approval, FHA Form proposed In The application or on the drawings and speclRcalluas
<br /> 2000, executed by an approved mortgagee and a burrower satisfactory returned herewith, shall equul or exceed the VITA Minimum Property
<br /> to the Commissioner. Standards.
<br /> SPECIFIC COMMITMENT CONDITIONS (Applicable when checked)
<br /> 1. IIEALTII AUTHORITY APPROVAL:-Execution of Form 2573 by 7. ASSURANCE OF COMPLET10th-1f the requlled mpaln conaol be
<br /> Q the Health Authority Indicating approval of the water supply and/ completed prior to submission of closing papers,a Form 2300 escrow
<br /> or storage disposal Installation is required. (Approval by letter In the amount off (ler such additional amount
<br /> or Health Authority fiatm may be used.) at The trader d"Irea) coq• be"lablIshtd as the means to nature com-
<br /> pletion.
<br /> 2. TERMITE CONTROL;-(a)EXISTING HO USE-FurnlaheertlfkAle B. SELLER'S AGREEMENT AND ESCROW FOR EXISTING PROPER.
<br /> [] from a recognized lennfle control operator that the house shows ❑ TI ES FINANCED UNDER SECTION 235.Section 518.
<br /> no evidence of an Active termite lnreslalion. (b) PROPOSED CON•
<br /> STRUCTIOV • Furnish original and two copies of Termile Boll This commitment Is Issued on The condition that if the mortgage Is to
<br /> Treatment Gunronles FILA Form 2052. be insured under Section 235, the seller will execute on agretmenl to
<br /> reimburse 11 UD for expenses Incurred In repairing structural or other
<br /> 3- SUBDIVISION REQUIREMENTS:-Comply with RIqulrrmenN defecn with respect to The property being sold. The form of agreement
<br /> O shall be prescribed by The S"relary and a seller who is not the occupant
<br /> No. - of the properly will deposit 5 percent of the sales prise In escrow wall
<br /> from Report dnlcd for the mortgages In accordance with the terms of the agreement.
<br /> -- Subdivision.
<br /> 4. BUILDER'S WARRANTY:-The builder shall execute FILA Form D. SECTION 223
<br /> Q 2544,Builder's Warranty, D This Commllment Is Issued under Section Punuam to Sec
<br /> lion 223e
<br /> 5. PROPERTY INSPECTIONS:-A notice of construction status
<br /> shall be given by Form 2269X, letter or telephone at the time Ind;- 10, CODE ENFORCEMENT.
<br /> cared belowt O Submit A a[Alemenl from rubric Authority that the subject property
<br /> (a.) ALL PROPOSED CONSTEUCTION CASES! m"Is Code Requirements.
<br /> 040 At kart Iw•o work days before 'beginning of
<br /> construction.' 11. REgUIRED CERTIFICATIONS.
<br /> (2.) Q When the bugling Is enclosed, structural frambtg ❑ Electrical ❑ healing - RooMg 0 Plumbtux
<br /> completely exposed and roughing-In of plumbing,
<br /> healing and electrical work installed and visible. 12 EXPIRATION DATE: - The Total Value stated above Is based on
<br /> (3.) When cosslructlon completed and properly ready
<br /> for occupancy. O Veterans Administration CerlllkNe of Ileames
<br /> nohle Value, came
<br /> (b.) RErAIIIS: Nollry FHA upon completion of required number ,dated
<br /> repairs. Regardless of General Cammltmed Condition Number 3, above, this
<br /> (c.) O CERTIFICATE OF COMPLETION: A certilknle commllmem aspires on
<br /> staling th_I the mortgagee has examined the proposed
<br /> or required reports and That they have been satlsfac• 18
<br /> ladly completed will be accepted, r V.___
<br /> ri'gas special
<br /> �conditions N�/
<br /> 6. VA INSPECTIONS:-Furnish a copy of a clear VA final report Y��yf ___ illy"DC/9. VGa I VC below o It,
<br /> VG'ILII"uoaGa VC 3U I UCrq- ( -/A
<br /> fHA FORM N0.2500.5 nov.6/73 SEND TO MORTGAGEE AFTER AUTHORIZED AGENT SIGNS
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