River Hills Community Association Inc

What River Hills Community Association Inc's governing documents say

This is a mortgage deed of trust, not a community rulebook. It's a financing document that binds the borrower (homeowner) and the lender, and it doesn't describe the rules of River Hills Community Association. If you're a homeowner or buyer, this document tells you about your mortgage obligations, not about HOA rules.

• What this document is: A deed of trust securing a $310,000 VA loan on a single-family home at 152 River Hills Drive, Clayton, NC. It's a lender's lien document, not an HOA rulebook.
• Who it binds: It binds the borrowers (Evan D. and Sandy G. Swalve) and their lender, New Day Financial, LLC. It doesn't bind renters or other homeowners.
• Occupancy requirement: The borrower must live in the home as their principal residence within 60 days of closing and keep living there for at least one year, unless the lender agrees otherwise.
• Property maintenance: The borrower must maintain the property and not let it deteriorate, and must repair damage promptly to protect the lender's interest.
• Insurance and taxes: The borrower must keep the home insured (including flood if required) and pay all property taxes and any HOA dues, fees, or assessments.
• Leasing and rents: If the property is rented, the borrower assigns the rents to the lender, and the lender can collect them if the borrower defaults.
• What this document doesn't cover: It doesn't contain any HOA rules about pets, parking, architectural review, age restrictions, or community amenities. For those, you'd need the actual Declaration of Covenants, Conditions, and Restrictions (CC&Rs) for River Hills.

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.