F. Q. Story Addition

What F. Q. Story Addition's governing documents say

This is not a set of community governing documents. Instead, it contains a 1967 mortgage and a 1964 purchase agreement for individual lots in the F. Q. Story Addition subdivision in Phoenix, AZ. They do not establish ongoing rules for residents; they record terms binding only the original parties to those transactions.

• Document type & scope: The provided text consists of two separate, unrelated documents: a 1967 mortgage (document 203082) and a 1964 purchase agreement (document 203197). Neither is a declaration of covenants, conditions, and restrictions (CC&Rs) or a community rulebook. They govern only the specific property transactions, not the subdivision as a whole.
• Reference to prior restrictions: The purchase agreement references 'Restrictions contained in instrument recorded April 19, 1920, in Book 147 of Deeds, page 550' and 'Reservations contained in United States Patent recorded February 20, 1883'. Those would be the actual governing documents, but they are not included here.
• Race covenant (mortgage): Paragraph 8 of the mortgage prohibits the mortgagor from recording any instrument that imposes restrictions on sale or occupancy based on race, color, or creed, as a condition of FHA insurance. This covenant binds only the original mortgagor/lender, not future owners or the community.
• Property maintenance & insurance (mortgage): The mortgage requires the mortgagor to maintain the premises in good repair (ordinary depreciation excepted), not commit waste, and keep the buildings insured against fire and other hazards in amounts and companies approved by the mortgagee. Insurance proceeds may be applied to repair or reduce the debt.
• Purchase agreement terms (1964): The 1964 agreement is a contract between a seller and buyers for the sale of a lot. It includes a $12,000 purchase price, $1,500 cash, and monthly installments of $88.61 at 6% interest. The buyers must pay taxes, assessments, and keep the buildings insured. Default forfeits all payments and improvements as liquidated damages.
• What this document doesn't cover: These documents do not contain any community-wide rules about leasing, pets, parking, architectural review, age restrictions, or assessments. For actual governing documents, one would need to locate the recorded 1920 restrictions and any subsequent CC&Rs for the F. Q. Story Addition subdivision.

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.