Willa Chase Homeowners Association, Inc

What Willa Chase Homeowners Association, Inc's governing documents say

This is a mortgage deed of trust for a single-family home in Benson, NC, not a community rulebook. It binds the borrower (homeowner) to the lender, not to a homeowners association. It includes a Planned Unit Development Rider, indicating the property may be in an HOA, but the document itself does not contain HOA rules.

• What this document is: This is a mortgage/deed of trust securing a $340,916 loan on a single-family home at 117 Hunterwood Place, Benson, NC. It is not a set of community rules.
• Who it binds: It binds the borrowers (Jarkeveous and Shaundra Williams) to the lender, Trusted Mortgage Capital Inc., and its successors. It does not bind renters or other homeowners.
• Occupancy requirement: The borrower must occupy the home as their principal residence within 60 days of signing and continue for at least one year, unless the lender agrees otherwise.
• Community association dues: The borrower must pay any HOA or community association dues, fees, and assessments, and the lender may require them to be escrowed as part of the mortgage payment.
• What this document doesn't cover: This document does not contain any HOA rules, restrictions, or amenities. It only references that the property may be subject to a Planned Unit Development, but the actual HOA rules are in a separate document.

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.