Cameron Crossing Townhome Association, Inc

What Cameron Crossing Townhome Association, Inc's governing documents say

This is a mortgage deed of trust, not a community rulebook. It secures a $105,000 loan on a single-family home in Saddle Ridge subdivision, Willow Spring, NC. It binds the borrowers (Melanie and Eric Bearden) and the lender, not future homeowners or renters. It contains no HOA or community association rules.

• What this document covers: It's a financing agreement that gives the lender a security interest in the property and outlines the borrower's obligations to repay the loan and maintain the property. It does not govern community life or impose rules on residents.
• Loan terms: The loan is for $105,000, with monthly payments and a final due date of 1/28/2041. The borrower must pay taxes, insurance, and any condominium or planned unit development assessments that may apply.
• Property maintenance: The borrower must keep the property in good repair and comply with any condominium or planned unit development declarations, bylaws, and regulations if the property is part of such a community.
• Transfer restrictions: Selling or transferring the property without the lender's consent may trigger a requirement to pay the loan in full immediately, unless prohibited by federal law.
• What this document doesn't cover: This is not a declaration of covenants, conditions, and restrictions (CC&Rs) or an HOA rulebook. It contains no rules about pets, leasing, architectural review, parking, or age restrictions. Those would be found in separate governing documents for the subdivision or any homeowners association.

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.