FHA
FORM NO. 1022
h"v.
4/66
Project
Name:
U.
S.
DEPARTMENT
OF
HOUSING
AND URBAN DEVELOPMENT
FEDERAL
HOUSING ADMINISTRATION
FHA
LEGAL
REQUIREMENTS
FOR
CLOSING
Sections
207, 220,
22 I
(d)
(4), 23 I
and
232
Project
No.:
Name
of
Mortgagor:
__________________
_
Address:
___________________
_
Name
of
Mortgagee:
__________________
_
Address:
The
Closing
Attorney
will
obtain
three
copies
of
all
closing
documents.
These
will
be
Originals
("Or"),
Executed
(
..
E"),
Certified
("C")
or
Conformed
("Cn")
as
indicated
below.
PART
A.
FOR
INSURANCE
OF
ADVANCES
Ins
truments:
I.
Assignment
of
Commitment,
if
any
2.
Regulation
of
Mortgagor:
(a)
Regulatory
Agreement
(2466)
For
231-NP
and
232-NP
use
2466
e.
For
232
use
2466
or
2466e
signed
by
Mortgagor
and
2466NIIL
signed
by
Lessee,
if
any.
(b)
Corporate
Charter,
Partnership
Agreemellt,
or
other
agreemelll
estahlishing
mortgagor
(required
provisions
in
instructions
to
2466)
.1.
Deferred
Note,
if
any
(2223)
4.
Lease
(if
mortgage
is
on
leasehold)
5.
Land
Disposition
Contract
and
Deed,
if
any
(Required
only
for
projects
in
urban
renewal
areas)
6.
Title
Policy
7.
Evidence
of
Zoning
Compliance
8.
Building
Permits
Y.
Surveyor's
Plat
10.
Surveyor's
Certificate
(2457)
II.
Note
(FII
A Form for
State)
12.
Mortgage
(FilA
Form for
State)
13.
Building
Loan
Agreement
(2441)
14.
Construction
Contract,
Lump
Sum
(2442)
or
Cost
Plus
(2442
A)
15.
Assurance
of
Completion:
(a)
Contract
Bond
Dual-Obligee
(2452)
or
(b)
Completion
Assurance
Agreement
(2450)
16.
Owner-Architect
Agreement
(27IY-A,
or
27IY-B,
or
27IY-C)
17.
Assurance
of
Completion
of
Off-Site
Facilities:
(a)
Off-Site
Bond
(2479)
or
(b)
Escrow
Agreement
for
Off-Site
Facilities
(2446)
with
Schedule
"A"
18.
Assurance
of
Uti
lity
Services
(Water,
Electrici
ty,
Sewer,
Gas,
Heat)
19.
Contractor's
and/or
Mortgagor's
Cost
Breakdown
(2328)
20.
~Iortgagee's
Certificate
(2434)
21.
Mortgagor's
Certificate
(2433)
22.
Mortgagor's
Oath
(2478)
23.
Mortgagor's
Attorney's
Opinion
~
24.
Contractor's
Certification
(2482)
* 25.
Agreement
and
Certification
(3305
for
2(7)
or
Agrl:l:lIll:nt
and
Cl:rtification
(.B()()
for
220
and
221
(d)
(4»
26.
Sponsor's
Certification
(34.17) for
231-NP
and
232-NP
27.
(juaran
ty
Agreement
(3436)
for 231-N P
and
232-N P
if
subsidized
To
havl: hel:n fill:d
with
Director
at
least
30
days
prior
to
initial
closing.
4361
,.,nt"!'.lt·,
"
E
,
E
,
c,
3 Cn
C,
E
,
E
,
3
en
3 Cn
3
en
Or,
3 Cn
3 ell
E,
E
,
E
,
E,
E,
E,
E,
E
,
Or,
Or,
Or,
Or,
Or,
Or,
Or,
Or,
Or,
E,
Copies
2
en
2 Cn
2
en
1
en
2 C
2 Cn
2 Cn
2
en
2 Cn
2
en
2 Cn
1
(~n
2
en
2
(:n
2
(:n
2 Cn
2 Cn
2 Cn
2 Cn
2
en
2
en
2
(n
1
("n
2
en
2
(n
- 2 -
PART
H.
FOR
INSURANCE
UPON
COMPLETION
NOTE:
In
cases
of
Insurance
upon
Completion,
the
required
closing
documents
will
vary
substantially
from
those
in
cases
of
Insurance
of
Advances.
The
required
closing
documents
in
cases
of
Insurance
Upon
Completion
will
be
the
fol-_
lowing:
I
through
13
will
be
identical
with
I
through
13 in
cases
of
Insurance
of
Advances.
The
additional
documents
will
b,-
14.
Construction
Contract,
if
used
15.
Guarantee
Against
Latent
Defects
(Bond
[)259J
or
Escrow)
IG.
Escrow
Deposit
Agreement
for
Incomplete
On-Site
Improvements
with
Schedule
A
(2456)
17.
Assurance
of
Completion
for
Off-Site
Facilities:
(a)
Escrow
Agreement
for
Incomplete
Off-Site
Facilities
(2446)
with
Schedule
"A"
18.
Mortgagor's
Oath
(2478),
None in 232
19.
Mortgagor's
Attorney's
Opinion
20.
Contractor's
Prevailing
Wage
Certificate
(2403-A)
21.
Chattel
Mortgage,
or
Security
Agreement
and
Financing
Statement
or
Attorney's
Opinion
that
neither
are
necessary
22.
Hequest
for
Endorsement
of
Credit
Instrument,
Certificate
of
Mortgagor
and
Mortgagee
(24'55)
*
*23.
Contractor's
Certification
(2482)
**24.
Agreement
and
Certification
(3305-A)
for 207
or
(3306-A)
for 220
and
221
(d)(4)
25.
Sponsor's
Certification
(3437)
for
231-NP
and
232-NP
26.
Guara~ry
Agreement
(3436)
for
231-NP
and
232-NP
if
subsidized
I
27.
For
2~2
projects:
(a)
Instrument
evidencing
acquisition
of
equipment,
if
any
(e.g.
lease,
conditional
sale
contract
etc.)
(b)
Chattel
Mortgage
on
Mortgagor's
Interest
in
equipment
**
To
have
been
filed
with
Director
before
start
of
construction.
PART
C.
FINAL
CLOSING
IN
CASES
OF
INSURANCE
OF
ADVANCES
E,
E,
E,
E,
Or,
E
,
Or,
.3
Cn
Or,
Or,
Or,
Or,
E,
3 Cn
3
Cn
In
these
cases,
the
documents
required
for
initial
closing
have,
of
course,
been
obtained.
quired
these
additional
documents
at
final
closing:
There
will,
however,
** * 1.
(a)
The
Increase
Note
***
(b)
The
Increase
Mortgage
(c)
The
Consolidation
Agreement
or
New
Note
and
Mortgage
for
the
total
2.
Mortgagor's
Attorney's
Opinion
as
to
Increase
3.
Chattel
Mortgage
or
Security
Agreement
and
Financing
Statement
or
Anorney's
Opinion
that
neither
are
necessary
4.
New
Title
Policy
or
Original
Title
Policy
brought
up
to
date
5.
Survey
showing
completed
project
6.
Surveyor's
Certificate
(2457)
7.
Escrow
Deposit
Agreement
for
incomplete
on-site
improvements
(2456)
with
Schedule
8.
Assurance
of
Completion
of
Off-Site
Facilities
(a)
Escrow
Deposit
Agreement
(2446)
with
Schedule
"A"
or
(b)
Off-Site
Bond
(2479)
9.
Contractor's
Prevailing
Wage
Certificate
(~4()3-A)
10.
Request
for
Final
Endorsement
of
Credit
Instrument
(2023)
II.
For
232
projects:
(a)
Instrument
evidencing
acquisition
of
equipment,
if
any
(e.g.
lease,
conditional
sales
contract,
etc.)
(b)
Chattel
Mortgage
on
Mortgagor's
Interest
in
equipment
U*
Required
only
if
increase
is
involved.
S092S-P Rev.
4/66
HUD-Wash .• D. C
.3
Cn
.3
Cn
.3
Cn
3 Cn
E
,
3 Cn
Or,
E,
3 Cn
Or,
ccA"
E
,
E,
E,
Or,
Or,
~
en
~
(~n
1 Cn
1
Cn
.2
Cn
~
Cn-
1
Cn
2 Cn
.2
(:n
.)
Cn
1
Cn -
.2
Cn
be
re-
2
Cn
.2
Cn
1 (-n
1 Cn
1 Cn
1
(~n
.2
CII
.2
E
1
Cn
3 Cn
3 Cn