Daniel Farm Homeowners' Association, Inc

What Daniel Farm Homeowners' Association, Inc's governing documents say

This is a mortgage document (a Deed of Trust and related riders) for a specific property in the Knolls at the Neuse planned unit development (PUD) in Clayton, NC. It is not a community rulebook; it is a loan agreement that binds the borrower (the property owners) and the lender, and it references the community's governing documents without providing their actual rules.

• What this document is: This is a second mortgage (Deed of Trust) for $65,000 on a property at 130 Neuse Overlook Dr, Clayton, NC, dated December 1, 2025, with a 20-year term. It includes a Planned Unit Development Rider and an Inter Vivos Revocable Trust Rider, but it is not the community's covenants or rules.
• Community type & obligations: The property is part of the Knolls at the Neuse planned unit development (PUD). The borrower must comply with the PUD's declaration, bylaws, and rules, and must pay all dues and assessments when due.
• Insurance & maintenance: The borrower must keep the property in good repair. The lender waives the requirement for the borrower to carry separate hazard insurance if the homeowners association maintains a master policy that meets the lender's requirements, and the borrower must notify the lender of any lapse in that coverage.
• Transfer restrictions: The lender can demand full repayment of the loan if the property is sold or transferred without the lender's prior written consent, unless prohibited by federal law.
• What this document doesn't cover: This document does not contain the community's actual rules (e.g., pet limits, leasing restrictions, architectural guidelines, or age requirements). Those would be in the PUD's declaration and bylaws, which are not included here.

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.