92433-CA Owner's Certificate

Owner's Certificate

U.S. Department of Housing
and Urban Development
Office of Housing
Federal Housing Commissioner

Under Section 202 of the Housing
Act of 1959 or Section 811 of the
National Affordable Housing Act
To:(HUD Field Office)

Project Name:

Project Number:

Dear Sir:
The undersigned hereby agrees to accept a capital advance from you upon the terms set forth in your commitment dated
___________________ , 19______ , for the above captioned Project (hereinafter referred to as the "Project") and extensions and
amendments thereof, and certifies to you as follows:
1) That the undersigned possesses the powers necessary for and
incidental to the ownership, construction, and operation of a
rental housing project as required by the provisions of the
Housing Act of 1959 or the National Affordable Housing Act
and the Regulations applicable thereto.
2) That the instrument securing said capital advance is a good
and valid first lien on the property therein described and the
mortgaged premises are free and clear of all liens other than
that of the Mortgage except those specifically permitted by
you.
3) That upon completion of the Project there will not be
outstanding any unpaid obligations contracted in connection
with the purchase of the property, construction of the Project,
or the mortgage transaction except such obligations as may
be approved by you as to terms, form, and amount.
4) That, except as has been previously approved in writing by
you, no construction has been commenced on the mortgaged
premises prior hereto.
5) That the Project will be constructed in accordance with the
terms of the Construction Contract, if any, and with the
"Drawings and Specifications" which include the "AIA
General Conditions of the Contract" (except for deletion of
all arbitration provisions) prescribed by you, and the Supplementary General Conditions, three copies of which Contract,
together with the "Master Set," and three sets of said "Drawings and Specifications" are herewith delivered to you as
required by your Commitment.
6) The requests for payment of capital advance funds will be
made to HUD on the basis of the "Trade Payment Breakdown" as set forth in the Construction Contract, if any, and
the Capital Advance Agreement. Further, that no material or
equipment, for which capital advance funds will be available, will be purchased on a conditional sale contract or
financed by a chattel mortgage, and that all work performed
and material and equipment furnished will be paid for in cash
following receipt of the advance of mortgage proceeds
intended for these items.

Replaces HUD-2333-CA which is obsolete

7) That, as the construction of the Project progresses, the
undersigned will procure and submit to you all necessary
building and other permits from the legally constituted
authorities and that all such permits now obtainable have
been procured as witness the certified copies thereof hereby
presented.
8) If applicable, that the determination of the Department of
Labor with respect to prevailing wages has been received by
the undersigned and is included as a part of the aforesaid
specifications for the construction of the Project, and all
Contractors employed by the undersigned have been or will
be fully advised prior to performance of any work that all
laborers and mechanics employed on construction of the
Project must be paid not less than such prevailing wages, and
that each such Contractor, as a condition precedent to any
payment to him, must certify in the form prescribed by the
Commissioner that all laborers and mechanics employed by
him or his subcontractors on the Project have been paid not
less than such wages.
9) That the approved fees and expenses have been fully paid or
will be paid and that the funds deposited with the approved
escrow agent will be used for the purposes indicated.
10) That you and your authorized representatives are hereby
granted the right to enter upon the mortgaged premises at any
and all times for the purposes of the inspection thereof.
11) That occupancy of the Project in whole or in part will not be
permitted without first having received your written permission and proper permits from all legal authorities having
jurisdiction.
12) That the undersigned has no obligations except those
approved by HUD and that except for such approved obligations the land included in the mortgage has been paid for in
full by the undersigned, in cash, stock, property and/or
services and is free from vendor's lien or purchase money
obligation.

Page 1 of 2

form HUD-92433-CA (4/2002)
ref. Handbooks 4571.4 & .5

13) a) That, from this date and for so long as the mortgage is
held by HUD:
1) The Project books and records will be established and
maintained in accordance with the requirements of
HUD, and in such condition as to permit a speedy and
effective audit;
2) Such books and records will be retained for such
period as may be prescribed by HUD;
b) Such books and records will be available to HUD and to
the Comptroller General of the United States for such
examination and audits as they may desire to make.
14) That neither it nor anyone authorized to act for it will refuse
to rent, after the making of a bona fide offer, or refuse to
negotiate for the rental of, or otherwise make unavailable or
deny the property covered by the Mortgage to any person
because of race, creed, color, religion, sex, age, handicapping condition, or national origin; that any restrictive covenant on such property relating to race, creed, color, religion,
sex, handicapping condition, or national origin is recognized

as being illegal and void and is hereby specifically disclaimed; and that civil action for preventive relief may be
brought by the Attorney General in any appropriate U.S.
District Court against any persons responsible for a violation
of this certification.
15) That the undersigned will submit an accounting for all
receipts and disbursements during the period starting with
the date of first occupancy of the Project and ending, at the
option of the undersigned, either (a) the last day of the month
in which the Project is determined by you as acceptably
complete, the date of such determination to be furnished by
you, or (b) one month from the date the Project is determined
by you as acceptably complete. The undersigned further
agrees that the excess of receipts over proper dispursements
as determined by you during the accountable period shall be
treated as a recovery of construction cost.
16) That the undersigned has not collected, nor will the undersigned collect, from Project residents or from prospective
Project residents, admission fees, founders' fees, life-care
fees or similar payments pursuant to any agreement, oral or
written, whereby the undersigned agrees to furnish accommodations or services in the Project to persons making such
payments.
Date: ________________
Mortgagor: ________________________________________________

Attest: ____________________________________________________
_________________________________________________________

By _______________________________________________________
(Signature and Title Officer)

Page 2 of 2

form HUD-92433-CA (4/2002)
ref. Handbooks 4571.4 & .5