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H. Documents required prior to the first advance are as follows: <br />* Note and recorded Deed of Trust <br />* Title Insurance <br />* All Risk /Builder's Risk Insurance. This policy must in- <br />clude coverage for the theft of materals. <br />* Foundation Survey <br />* Signed Commitment Letter <br />* Copy of Building Permit <br />* Construction Loan Disbursement Authorization <br />* Construction Loan Agreement <br />* Executed Affidavit Regarding Liens <br />* Executed Borrowering Resolution <br />I. The title search, and closing of the loan is to be done by an <br />attorney of the Borrowers' choice and acceptable to the Banks. <br />J. This commitment shall not be assigned by the Borrower or by opera- <br />tion of law or otherwise and in the event of such assignment, <br />may be terminated by the Banks at their option. <br />K. This commitment will expire at our option on May 31, 1991, with- <br />out notice to you and without liability to us unless on or before <br />date we have received a'copy signed by you to indicate your accept- <br />ance. <br />It has been our pleasure to review this request and we look forward to <br />working with you on this project in the future. If you have any questions, <br />please o not zRoyste'r to give me a call. <br />Signed is 1 pril, 1991. <br />BY: BY: Mark R. David Kimball <br />Vice President Sr. Vice President <br />MRR /RDK /blp <br />ACCEPTED BY: <br />Habitat for Humanity of Orange County NC, Inc. <br />B <br />John Eckblad President <br />Date <br />14 <br />e <br />