Holt Lake West Property Owners Assn Inc

What Holt Lake West Property Owners Assn Inc's governing documents say

This is a mortgage deed of trust, not a community rulebook. It is a financing document for a single-family home at 170 Fawnbrook Dr in Four Oaks, NC, and it binds the borrower (Cory Galloway) to the lender (New American Funding). It does not describe any HOA rules, community amenities, or restrictions beyond the mortgage terms.

• What this document is: This is a North Carolina Single Family Fannie Mae/Freddie Mac Uniform Instrument (a deed of trust) securing a $217,745 loan on the property. It is not a declaration of covenants, conditions, and restrictions (CC&Rs) or an HOA rulebook.
• Who it binds: It binds the borrower (Cory Galloway) to the lender (New American Funding) and the trustee (Empower Settlement Services). It does not impose community rules on homeowners or residents.
• Occupancy requirement: The borrower must occupy the property as their principal residence within 60 days of signing and continue for at least one year, unless the lender agrees otherwise or hardship exists.
• Leasing & rentals: The borrower assigns all rents to the lender if the property is leased, and the lender can collect rents after a default notice. No minimum lease term is stated.
• What this document doesn't cover: This document does not contain any HOA rules, pet restrictions, architectural guidelines, age restrictions, or community fees. It only covers the mortgage terms, insurance, escrow, and lender protections.

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.