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<br />SECTION K • NAVES. ADDRESSES AND TELEPMONE NUMBERS OF THE FOLLOWING
<br />1. _XSaonsor• Li Mortgagor, J Borrowat, Owner t. G:Hera' Contractor
<br />Name:
<br />NaName: —
<br />Rosewood
<br />Estates, T-ne. Stuart Corporatio.
<br />Address: 1995 OakcreSt Ave., test Address: 300 Shepard Park (Office Center
<br />St. Paul, KN 2177 Youngman Avenue
<br />( St. Paul, MN
<br />Telephone Numbe^'_(612) 6 31— 3 8 2 5zIP Code: 5 5113 Telephone Number: (612) 6 9 6— 0 3 0 2 ZIP Code: 5 5116 — 3 4
<br />Z 5. Sponsor's Attorney
<br />Name: Name: Mr. Jerome B. Simon
<br />Address: 332 Hamm Building
<br />Address: 408 St. Peter Street
<br />St. Paul, MN
<br />'Telephone Number: ZIP Code:
<br />Telephone Number:( 612) 298-0915 ZIP Code: 55102
<br />3. CDconsultant, ❑ Agent, CD Other Authorized Representative 6. Architect
<br />Name: Arvid Elness Architect
<br />Name:
<br />Address: 510 First Ave., North n200
<br />Adore::: Minneapolis, MN
<br />r
<br />Telephone Number: ZIP Code: Telephone Number:( 612) 3 3 9— 5 5 0 8 ZIP Code: 55403
<br />SECTION L • APPLICATION (SAMA and feesiblllry Letter)
<br />A. The Undersigned certifies that: (1) He/She is legally authorized to represent the entity(ies) identified below with respect to all
<br />transactions pertaining to this application and all matters related to it; (2) Any and all action(s) by the undersigned is/are legally binding
<br />on the principal(s) and the entity(ies) being represented; (3) He/She is familiar with the provisions of the regulations issued by the Depart-
<br />ment of Housing and Urban Development (HUD) pursuant to the above -identified Section(s) of the respective Housing Act(s); (4) to the
<br />best of his/her knowledge and belief, the entity(ies) Identified below bas/have complied, or will be able to ccmply, with all the require- .
<br />ments of the regulations which are a prerequisite with respect to participation in the program(s) selected; (5) The principal(s) of the
<br />entity(ies) identified below are familiar with the specific provisions of the Right to Financial Privacy Act of 1978; (6) the principal(s) is/
<br />are aware that disclosure of certain financial information will be required by HUD in the course of processing this application; (7) That he/
<br />she has made a physical inspection of the property and, in his/her opinion, the site plan submitted conveys a concept which can be rea-
<br />she hasbly followed in practice; (8) The proposed construction will not violate recorded zoning ordinances or restrictions; (9) To the best of
<br />his/her knowledge and belief no information or data contained herein or in the exhibits or attachments submitted herewith, are inany
<br />way false or incorrect and that they are truly descriptive of the project or property which is intended as security for the proposed mort-
<br />gage loan and/or is presented for consideration with respect to the request for approval of a Housing Assistance Payments Contract.
<br />B. The Undersigned assures and agrees that: (1) Pursuant to the regulations and the related requirements of HUD neither the entity
<br />he
<br />(ies) identified below, nor anyone authorized to act on its/their behalf, will decline to sell, r use of ace otherwiseent or olor�relig on, seake x, Hat nof ational
<br />because ,
<br />r otenant
<br />urcha se r
<br />os prospective .
<br />or housing In the project, identified herein, comply
<br />a pr p P and
<br />roe P discrimination;
<br />9 in
<br />P P rtY . , ordinances prohibiting do rdma 9
<br />.• andl local laws an P
<br />origin; (2) The entity(ies) Identified below wi comply with Federal, State
<br />(3) Failure or refusal to comply with the requirements of either (1) or (2) shall constitute sufficient basis for the Commissioner to reject
<br />requests for future business with the identified entity(ies) or to take any other action that may be appropriate.
<br />C. ❑ Herewith is a check for S in payment of the required fee for a SAMA letter.
<br />Principal Contact: Signed., Date:
<br />Telephone Number: On Behalf of: ❑ Sponsor, ❑ Mortgagor, ❑ Borrower, CDOwner
<br />SECTION M • TO THE FEDERAL HOUSING COMMISSIONER
<br />(� 1. Request for Mortgace Insurance:
<br />Request is hereby made fora El CONDITIONAL COMMITMENT ❑ FIRM COMMITMENT to provide mortgage insurance on a loan,
<br />which will involve: (D Insurance of Advances During Construction ❑Insurance Upon Completion, with respect to a principal loam of
<br />S 3 , 812 , 400 which will bear interest at the rate of 10.2r5'o on the Construction Loan and10.25 % on the Permanent Loan.
<br />Tha undersigned mortgagee requests consideration for mortgage insurance pursuant to the provisions of Section ` 221(d) (ate of he
<br />" National Housing Act, and the HUD regulations applicable thereto. Said insurance is being req::ested to cover a loan which is to be secured
<br />by a first mortgage on the property described herein. After examining the proposed security, the undersigned considers such project to be
<br />- desirable and is interested in making a loan in the principal amount and at the interest rate stated above. The loan will require repayment
<br />of the principal over a period of 480 months ( +40 years) In accordance with an amortization plan acceptable to you.
<br />3 5%of
<br />It is understood and agreed that the actual financing fee (Item G•29) will not exceed your commitment amount.
<br />Presented herewith is a check for $ 11 437 00 which is in payment of the application fee required by HUD regulations.
<br />❑ 2. Request forApproval of Housing Assistance Payments Contract (section 8):
<br />The undersigned owner requests your consideration with respect to approving a Housing Assistance Payments Contract pursuant to Section
<br />8 of the U.S. Housing Act of 1937, as amended, and the related regulations applicable thereto. Submitted herewith is a proposal which
<br />`defines the scope of the improvements and the type and quality of the housing which -will be provided on the property described herein,
<br />Said property, upon completion of the improvements, will comply with the applicable standards and related regulations of.the. Qepart-
<br />ment of Housing and Urban Development. Such proposer) housing is being offered for lease, to eligible tenants at:the stated contract
<br />rents, pursuant to the provisions of the regulations 'pertaining to the above -referenced U.S. Housing Act. '
<br />❑ 3. Request for a Section 202 Loan: Principal Amount S @ Permanent Interest Rate of 96
<br />Pursuant to Section 202 of the Housing Act of 1959, as amended, and the regulations applicable thereto, the undersigned borrower here=
<br />by requests a loan in the principal amount and at the' interest rate stated above. The proceeds of the loan are to be used for development
<br />of the property
<br />described herein. The scope of the development of the property will be consistent with that information pertaning_to Im-
<br />provements, submitted for your consideration. The loan is to be secured by a first mortgage on the property described herein. The prin
<br />c1pil amount of the loan will be repaid over a period of months ( years) in accordance with an amortization plan acceptable
<br />t0 you. Principal Contact,
<br />Name and Address or Mortgagee ABG Financial Services, Inc. SP.r
<br />111 Third Avenue South, Suite 220 elep umber.
<br />Minn j . _
<br />sign (Prop sad yNorr 1 (r with Item 1) Date
<br />Si ed ( rem 2) Borrower -Item X Date
<br />�— HUD(92013�13'.85
<br />3 ' HB 4571..
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