Oak Hill Farms Homeowners Association, Inc

What Oak Hill Farms Homeowners Association, Inc's governing documents say

This is a mortgage document (a Deed of Trust) for a single property in Oak Hill Farms, not a community rulebook. It binds the property owner (John C. Johnson III) and the lender (KS Bank, Inc.), and it does not govern homeowners or residents. If you're looking for HOA rules, this is not the document.

• What this document is: It's a Deed of Trust securing a $991,306.65 loan on 479 Pond Mountain Dr., Clayton, NC, with a maximum of $1,000,000 in future advances over 30 years.
• Who it binds: It binds the property owner (Grantor) and the lender (Beneficiary), not the community or other homeowners.
• Property maintenance obligations: The owner must maintain the property in tenantable condition, not abandon it, and comply with environmental laws and government requirements.
• Insurance requirements: The owner must carry fire, liability, and flood insurance (if in a flood zone) with the lender named as an insured.
• Transfer restrictions: The lender can demand full repayment if the property is sold or transferred without consent, including leaseholds longer than 3 years.
• What this document doesn't cover: It contains no HOA rules, community restrictions, fees, or amenities. It's purely a financing agreement.

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.