|
Fpm Apptototee-J
<br /> OMR No P) F1)EE
<br /> 7
<br /> F ORTGAOEE N2• US.DIPARIUENT til sa1mG AND URBAN DEYESOPM[I CASE
<br /> X5115 d1�3 IfOliest 4auli4G ADMINISTRATION NO. I • x• J t S4L
<br /> �r CONDITIONAL COMMITMENT Z_11NIOYE1MAODCES�D
<br /> rFOR MORTGAGE INSURANCE UNDER j5arOtC►it11VamME1v^EOn 5=3
<br /> ffes�,,
<br /> THE NATIONAL HOUSING ACT
<br /> F*SEC.203(bl 1-1�SEC.__.
<br /> f- MORIOAOIF ,•y3iw -- 7.MONTHLY EXPENSE[I ATE
<br /> ;. ESTIMATED VALUE
<br /> /� �Z OF PROPERTY i��aoU TFlo.ea ... . ... f -
<br /> 05115 001) I ITTED FOR INSURANCE Coado.ComEsp. F
<br /> AIR 0 C:rliIWIY Maln,gRepaln S
<br /> tIAY Un Heol SURRIIea S
<br /> OEA TLor: W")'iU:;A J3ESTIMATED
<br /> ` O aUiMENi
<br /> GBAIj[ [?g i1R.rt1• issued: ��— I)- 197( CIOSINO
<br /> a I f•pkese II• 19 I S1......f L -0
<br /> / /7� ERISTINO O PROPOSED
<br /> COMMITMEI`olft AX•MORT.AMT.$ )fM U —f40-.MOS.'7 MAX.INIERERI�!X (Ste Gen. Card RJ)
<br /> �f�:A
<br /> Imprond
<br /> avian Mea 3Q Sq.FL
<br /> INFORMATION
<br /> The eatlmn e, of fire Insurance. Irises, mnlnles on iorepnits, hentfu110ms nad closing costs me furnished for mortgagee's and mortgagors
<br /> Information. They may be used In prepare IIIA Form 29011, Apparnth m fat Credit Approval,%bell n Firm commitment Is desred.
<br /> GENERAL COMMITMENT CONDITIONS
<br /> I. MAXTMUAt MORTGAGE AhIOUNTAND TiiRhtS-
<br /> (e)OCCUPANTMORTGAGORS:-The mortgage Amount end term 3. COMMITMENT TF.RM:-ThlseommRmentshotaplrtSDEMONTIiS
<br /> s<I forth in the heading are the maximum approved fur this prop. farm the Issue daleln the coke of an EXISTING IIOUSE or ONE
<br /> set
<br /> assuming a nctlJnOnry ax•ner-occupant modgnl;or. 'll.c YEAR from its dale In the case of PROPOSED CONSTRUCTION.
<br /> trty as umum amount and farm In the ner-ochending may b0 changed drry'IIxnd- (F11A rinasUirs all carte as cilher EX1STINO' or "PROPOSED"
<br /> maxIng upon FIIA's rating orthe hortuw•er,his Income And trrdu. for the purpaar e/derrmintng when n rnmmlanenf rrpfro. Accord.
<br /> Ingly, a hnror, turn fholglh 61111 under toaalraellna, rally be cfnest.
<br /> (b)NONOCCUPANT MORTGAGORS: —If the mostgngnr dors nen fol as an extsthug house if if inns net approved by PITA or 1 A prior
<br /> nccupy the limes, the law limits the maximum mnrigol;e nmenud I„ lit the beplonlnit of mail,action.)
<br /> not to exceed 85% of the mashmun amount available In all 01191•
<br /> b1c mort9ogor who will occupy Ite house (85% of value If s". ..
<br /> 203(0 or 221). In the rose of nunocaupeAl murtgngars, the Ran CANCELLATION: - Thu commitment any be cancelled other 80
<br /> belowthat
<br /> commitment When laved wW seduce Ibe mudgage Amount nail tonne 4. dos from the date of Issuance If cansltuulon line nut dnriul,unless
<br /> telco That etnteJ In the bending. the moripaRrr Imo disbursed loan procrrds.
<br /> (c)COMMITMENTCHANGES:—The Commissioner any, upon m-
<br /> quest of the approved mortgagee, chnnpr the mortgage amu lul and
<br /> War Act forth In the heading. If the appllr:diun is accnmpanlcd Ly
<br /> a VA CRVr rhnnges will be made Only if VA ts:ues an nmrialment.
<br /> 2. Plflhi COALAfITh1ENTr-A Rem commitmenthr Insure n Tann wail be R, PROPERTF' STANDARDS: - NI construction,reports,or elleretlons
<br /> proposed In the application or on the drnwings and specillealium
<br /> Issued upon rcmlpl of an Application bn Credit Apprnvol, F'ITA Form prop, d baarlth, shrill equal or exceed Ihn FIIA hllnlmmn Property2000, execuledbyan approved.,,,rITapm nail Aburrowcr satisfactory returerds.
<br /> to the Commissioner.
<br /> SPECIFIC COMMITMENT CONDITIONS (Applfrnaiemhenrherhedl
<br /> 1. HEALTH AUTHORITY APPROVAL:-Execution of Foran 2373 by 7. ASSTIRANCF. OF COMPLETION:-If the required apdn cannot be
<br /> the Iteallh Authority Indicating approval of the%alcr supply used/ completed prior to mbmhAlon of Qusing pepera,n Farm 2700 curow
<br /> orsewage disposal Installation Is required. (Approval lowletter In the notationalT (or such additional rnmuni
<br /> or Ileorth AOrhorlty Fonts any be used.) m the lender dedms) may be established as the means to assure mm-
<br /> plelluA.
<br /> 2❑ TERMITE CONTROL-(A)Exib FING IIOUSE-FumishcerliReate R. SL'LLERIS AGREEMENT AND F.9CROIL' FOR EXISTING PROPER.
<br /> from a tecogntcd termite control operator That the house shows ❑TIES FINANCGD IINDEB SECTION 235.Seclion 913.
<br /> no evidence of an active termha hdestallun. (b) PROPOM31 CON- This commitment Is Issued an the condition UAI If the mortgage Is to
<br /> STRUCTION - Famish originAl And two rattles Of Tetmllr• SOLI
<br /> Treatment Guarantee:FIIA Form 9057. he Insured under Rntlnn 2850 Me seller x111 execute an agreement to
<br /> reimburse It IID for expenses incurred In reporting structural or other r
<br /> defects with fe,PM to the property bring rnld• The form or agreement
<br /> 3. SUBDIVISION RF.gUIRF.MENTS:-Comply with Requirements shall be pmactihrd by the 5roretary and a seller who Is not the riacupant
<br /> ❑ No. of the property v N deposit ri percent or the sales price In escrow with
<br /> front Report doled for___ The monganee In annrdnnre with the terms of the o freemen.
<br /> _Subdlvtlon. -
<br /> 4. BUILDER'S WARRANTY:-The builder shill casette FIIA Farm D. BF.CTION2x`
<br /> ❑ 1 on223smn.,dne,s I Issued ander StoNnSee'lon unl la Rr
<br /> 2544,Builder's Warranty.
<br /> 5. PIIOPERTY INSPECTIONS:-A nollm of construction status
<br /> short be given by Form 2280X, letter or telephone At Ibe time hall. 10. CODS ENFORCEMENT.
<br /> Baled berates ❑Submit a alntrmenl from public Authority that the sublect Property
<br /> (o.) ALLPROPOSED CONSTRUCTION CASES: m1 Code Requirements,
<br /> (1.) ❑ At least Iwo walk tiny$ before "beginning or
<br /> ronstrucllon." 11. REQUIRED CERTIFICATIONS.
<br /> (2.) When the building Is enclosed,, % rpl Irnmtnrberlrlcal Treating ❑ Roofing
<br /> Plumbing
<br /> eoexposed And roughing 13%Of plombIng.
<br /> hrnilho And electrical work Installed
<br /> And visible. Ig, EXPIRATION number DATE: - The Total Value rioted above Is hued on
<br /> (3•) ❑ When mnstrlEllin mmplcled And property ready Veterans Administration Cerilger le of Reasonable Valor- rase
<br /> far acmpanry' ,dated
<br /> —
<br /> (b.)
<br /> (b.) LAI AF.PAIRS: Nntlly FIIA span completion of required Regardless of Central CammltmeM-Condition Number J, .have, this•
<br /> TT--" repala. commitment expires on
<br /> (e.) ❑ CERTIFICATE OF COMPLETION: A eerURcnte . .
<br /> sleth,g that the murtgngte has examined the pngwsrd
<br /> or required repair• allot that they have been s:dlrfac• 7. ,
<br /> toriiy completed will be I...epled• R�e/e apodal con Inions to
<br /> L 1C._' I4 1 below or on
<br /> 5, ^'RPF.CTIONS:-Furnish a copy or a clear VA final report / s
<br /> attached A.M.
<br /> 00 ("PA"a ,
<br /> DEC 2 3 1974 5,114,
<br /> CITY OF EVERETTti
<br /> In FHA COPY-FILE IN CASE BINDER
<br />
|