Bristol at Cobblestone Homeowners Association, Inc

What Bristol at Cobblestone Homeowners Association, Inc's governing documents say

This is a mortgage document (a Deed of Trust and Planned Unit Development Rider) for a specific property in the Bristol at Cobblestone subdivision in Clayton, NC. It is not a community rulebook; it is a loan agreement that binds the borrower (the property owner) and the lender, and it references the community's covenants but does not contain them.

• What this document is: A legal mortgage securing a $77,000 loan on the property at 577 Lakemont Dr, Clayton, NC, with terms for repayment, insurance, and foreclosure. It is not a set of community rules.
• Community type: The property is part of a planned unit development (PUD) called Bristol at Cobblestone, which has a homeowners association and common areas. The document references the community's covenants, conditions, and restrictions but does not include them.
• Obligations of the property owner: The borrower must comply with the PUD's governing documents, pay all dues and assessments on time, and maintain the property. The lender may pay overdue assessments and add them to the loan balance.
• Insurance: The homeowners association is expected to maintain master property and liability insurance. If the association's policy meets the lender's requirements, the borrower's individual property insurance obligation may be waived, but the lender can change requirements.
• What this document doesn't cover: This document does not describe the community's actual rules (e.g., pet limits, leasing restrictions, architectural standards). Those are in the recorded covenants and association 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.