Meadows at Sunset Ridge Homeowners Association, Inc

What Meadows at Sunset Ridge Homeowners Association, Inc's governing documents say

This is a mortgage deed of trust for a single-family home at 32 Ocean Dr., Clayton, NC, not a community rulebook. It binds the borrower (homeowner) to the lender's loan terms, including payment, insurance, and occupancy requirements. It does not describe HOA rules or community amenities.

• What this document is: A legal mortgage document securing a $480,260 loan on a single-family property; it is not a set of community rules.
• Occupancy requirement: The borrower must live in the home as their principal residence within 60 days of closing and continue for at least one year, unless the lender agrees otherwise or hardship applies.
• Property maintenance & insurance: The borrower must keep the property insured against hazards as the lender requires, maintain the property to prevent deterioration, and allow lender inspections.
• Community association dues: The borrower must pay any HOA or condo association dues, fees, and assessments, and must promptly discharge any liens that could take priority over the mortgage.
• Leasing & rentals: If the property is rented, the borrower assigns the rent to the lender upon default; the lender can collect rents directly from tenants after notice.
• What this document doesn't cover: It does not describe any HOA rules, pet policies, architectural guidelines, or community amenities. Those would be in a separate declaration or CC&Rs.

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.