Commitment for U.S. Department of Housing and Urban Development Insurance of Advances Office of Residential 2 Stage, Final Submittal Care Facilities (Amended and Restated) Section 232 AMENDED AND RESTATED Section 232 Substantial Rehabilitation Section 232 New Construction Section 232 Blended Rate FHA Project No.: XXX-XXXXX Project Name: Project Name Project Address: Project Street Address Project City, State, Zip Lender Name Borrower Name (Lender) (Name of Borrower) Lender Street Address Borrower Street Address (Address) (Address) Lender City, State, Zip Borrower City, State, Zip (City, State, & Zip Code) (City, State, & Zip Code) This Amended and Restated Commitment for Insurance of Advances (the "Commitment") amends and restates in its entirety the Commitment for Insurance of Advances issued by HUD with respect to the Project dated (the "Original Commitment Date"). The effective date of this Commitment shall be the Original Commitment Date. We understand that you, as Lender, have agreed to make a loan to Borrower Name (hereinafter called the in an amount not exceeding the sum of Loan Amount Written Out “Borrower”), Dollars ($ ), evidenced by a note (the to be secured by a “Note”) “Security Instrument”) covering real property with existing building(s) (if any) thereon identified above (hereinafter called the as shown on the legal description of the property attached hereto as “Project”), Exhibit A. It is your intention to present the said Security Instrument to the Federal Housing Commissioner acting herein on behalf of the U.S. Department of Housing and Urban Development for (“HUD”) Security Instrument insurance under the provisions of Section 232 of the National Housing Act (the and the Regulations thereunder in effect on the Original Commitment Date (the “NHA”) “Regulations”).
Commitment for Insurance of Advances 2 Stage, Final Submittal (Amended and Restated) Section 232 U.S. Department of Housing and Urban Development Office of Residential Care Facilities AMENDED AND RESTATED Section 232 Substantial Rehabilitation Section 232 New Construction Section 232 Blended Rate FHA Project No.: XXX-XXXXX Project Name: Project Name Project Address: Project Street Address Project City, State, Zip Lender Name Borrower Name (Lender) (Name of Borrower) Lender Street Address Borrower Street Address (Address) (Address) Lender City, State, Zip Borrower City, State, Zip (City, State, & Zip Code) (City, State, & Zip Code) This Amended and Restated Commitment for Insurance of Advances (the "Commitment") amends and restates in its entirety the Commitment for Insurance of Advances issued by HUD with respect to the Project dated (the "Original Commitment Date"). The effective date of this Commitment shall be the Original Commitment Date. We understand that you, as Lender, have agreed to make a loan to Borrower Name (hereinafter called the “Borrower”), in an amount not exceeding the sum of Loan Amount Written Out Dollars ($ ), evidenced by a note (the “Note”) to be secured by a “Security Instrument”) covering real property with existing building(s) (if any) thereon identified above (hereinafter called the “Project”), as shown on the legal description of the property attached hereto as Exhibit A. It is your intention to present the said Security Instrument to the Federal Housing Commissioner acting herein on behalf of the U.S. Department of Housing and Urban Development (“HUD”) for Security Instrument insurance under the provisions of Section 232 of the National Housing Act (the “NHA”) and the Regulations thereunder in effect on the Original Commitment Date (the “Regulations”).