Greystone Crossing Homeowners Association Inc

What Greystone Crossing Homeowners Association Inc's governing documents say

This is a mortgage deed of trust for a single-family home in Greystone Crossing, not a community rulebook. It's a financing document between the homeowners and their lender, Coastal Federal Credit Union, and it doesn't describe HOA rules or community life.

• What this document is: A legal mortgage securing a $320,000 loan on the property at 202 Burrage Dr, Angier, NC. It grants the lender rights to the property if the loan isn't repaid.
• Occupancy requirement: The borrowers must live in the home as their principal residence within 60 days of signing and continue for at least one year, unless the lender agrees otherwise.
• Property maintenance: Borrowers must keep the property in good condition and not let it deteriorate, even if they're not living there.
• Insurance & taxes: Borrowers must maintain property insurance and pay all taxes, assessments, and any HOA dues, which may be escrowed through the lender.
• Leasing & rentals: If the property is rented, the lender has rights to collect rent after a default, and borrowers can't collect rent more than one month in advance.
• What this document doesn't cover: This is not an HOA declaration or ruleset. It doesn't describe community amenities, architectural rules, pet policies, or any other neighborhood restrictions.

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.