Barefoot Landing Community Association, Inc

What Barefoot Landing Community Association, Inc's governing documents say

This is a mortgage document (a Deed of Trust for a home equity line of credit) for a single-family property at 64 Woods Crossroads Rd, Benson, NC. It is not a community association rulebook; it binds the property owner (Phyllis Adams Barefoot) and the lender (PNC Bank), not residents or a homeowners association.

• What this document is: A Deed of Trust securing a $75,000 home equity line of credit, recorded in Johnston County, NC. It gives the lender a lien on the property and outlines the borrower's obligations to the lender.
• Borrower's obligations: The borrower must pay property taxes, maintain the property, keep insurance (naming the lender as loss-payee), comply with laws, and not sell or transfer the property without lender consent.
• Lender's rights on default: If the borrower defaults, the lender can accelerate the loan, foreclose, take possession, collect rents, and appoint a receiver. The borrower remains liable for any shortfall after foreclosure.
• What this document doesn't cover: This document does not contain any community association rules, HOA covenants, or restrictions. It only addresses the mortgage lien and lender-borrower relationship.

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.