Hacienda Granada

What Hacienda Granada's governing documents say

This is a mortgage document, not a community rulebook. It spells out the lender's requirements for the borrower (mortgagor) for a property in Hacienda Granada Unit Four, a subdivision in Phoenix, AZ. It does not contain HOA covenants, conditions, or restrictions governing community life.

• Property maintenance & waste: The borrower must maintain the property in good repair, not commit waste, and get lender approval before adding buildings or improvements.
• Insurance requirements: Borrower must keep the improvements insured against fire and other hazards in amounts and with companies approved by the lender, with loss payable to the lender.
• Taxes & assessment escrow: Monthly payments include funds for ground rents, taxes, special assessments, and insurance premiums, held in trust by the lender to pay when due.
• Non-discrimination covenant: While the mortgage is FHA-insured, the borrower may not execute or record any instrument that restricts sale or occupancy based on race, color, or creed.
• Default & foreclosure: Failure to pay or perform any covenant can result in acceleration of the entire debt and foreclosure; late charges of 2% per dollar on payments more than 15 days overdue.

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.