Fischers Fairmount Addition

What Fischers Fairmount Addition's governing documents say

This is a supplementary declaration for Fischer's Fairmount Addition, a residential subdivision in Sherman, Texas. It is not a full HOA rulebook; rather, it modifies the existing restrictive covenants to protect lenders. It addresses what happens to outstanding mortgages or liens if a property title reverts due to a covenant violation.

• What this document is: A declaration that acknowledges existing restrictive covenants in Fischer's Fairmount Addition and clarifies the effect of the reversionary interest tied to those restrictions.
• Protection for lenders/mortgagees: If a property title reverts because of a restriction violation, the reversion does not invalidate any outstanding mortgages or liens; the reversionary interest is subordinated to those liens.
• Who is bound: The declaration binds the trustee, all present and future owners of property in the Addition, and their successors and assigns.
• What this document doesn't cover: This is a partial document—it does not list the subdivision's actual use restrictions, such as building standards, pets, leasing, or any homeowners' association powers or fees.

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.