Cobblestone Homeowners Assn of Clayton Inc

What Cobblestone Homeowners Assn of Clayton Inc's governing documents say

This is a mortgage deed of trust for a single-family home at 605 Champion St in Clayton, NC, not a community rulebook. It's a financing document between the borrower and lender (Rocket Mortgage), and it doesn't describe any HOA or community association rules. It's relevant to you only if you're the borrower or considering this specific property's mortgage terms.

• What this document is: A deed of trust securing a $185,388 FHA loan on the property, dated January 2, 2026, with a 30-year term. It grants the lender a security interest in the home and outlines the borrower's obligations.
• Occupancy requirement: The borrower must occupy the home as their principal residence within 60 days of closing and continue living there for at least one year, unless the lender agrees otherwise or extenuating circumstances exist.
• Property maintenance & insurance: The borrower must keep the property in good condition and maintain required insurance (fire, flood, etc.) as the lender directs. The lender can force-place insurance if the borrower fails to do so.
• Leasing & rentals: If the property is rented, the borrower assigns all rents to the lender upon default. The borrower cannot collect more than one month's rent in advance, and the lender may appoint a receiver to manage the property.
• What this document doesn't cover: This is not a homeowners association or condominium declaration. It contains no community rules about pets, parking, architectural review, age restrictions, or common areas. Any HOA covenants would be separate recorded documents.

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.