Harvey Homesites

What Harvey Homesites's governing documents say

This is a contract for deed (installment sale agreement) for Lot 142 in Harvey Homesites (Mesa, AZ), dated May 10, 1968. It is NOT a set of community governing documents (CC&Rs) — it only creates obligations between the specific seller and buyer named, with no community-wide rules or HOA provisions.

• What the document covers: It is a purchase agreement for the sale of Lot 142 from Marius Jensen and Zella R. Jensen to Donald D. Pershing and Marilyn Pershing, with a total price of $10,427.92, paid partly by assumption of an existing mortgage ($5,427.92), a cash down payment, and a seller-financed note with semi-annual installments at 6% interest.
• Payment & financing: The buyer pays $5,427.92 by assuming an existing mortgage to Allied Building Credits, Inc. (recorded in Docket 651, page 313), $300 via unsecured note, and $6,700 to the sellers via Transamerica Title Insurance Company — $3,700 in cash at signing and $3,000 in semi-annual installments of $351.72 or more starting November 10, 1968, with 6% annual interest.
• Buyer's obligations (taxes, insurance, maintenance): Buyer must pay all property taxes, improvement liens, and irrigation water assessments. Buyer must keep buildings insured against fire in an amount equal to reasonable insurable value, with insurer approved by seller, and must maintain the premises in good repair and prevent waste.
• Default & forfeiture: If buyer defaults on any payment or obligation, seller may either sue for specific performance or enforce forfeiture. Upon forfeiture, buyer loses all rights and payments made (as liquidated damages) and must surrender possession. Seller may also advance payments on buyer's behalf (with 8% interest) if buyer falls delinquent.
• Transfer restrictions: Buyer cannot transfer or assign any rights under the agreement unless the required deeds and instruments are deposited with Transamerica Title Insurance Company and its escrow fee and costs are paid.
• What this document doesn't cover: This document does not contain any community-wide rules, HOA covenants, architectural restrictions, pet limits, rental restrictions, or age restrictions for Harvey Homesites. It is only a private sales contract between two parties for one lot.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.