Sherrill Place Homeowners Association, Inc

What Sherrill Place Homeowners Association, Inc's governing documents say

This is a mortgage document (a Deed of Trust) for a specific property at 2113 Hannah Creek Rd, Four Oaks, NC — not a community rulebook. It binds the property owner (Grantor) and the lender, and it does not describe any HOA or community association rules.

• What this document is: It's a Deed of Trust securing a loan from First-Citizens Bank & Trust Company on a 2.65-acre parcel in Johnston County, NC. It is not a set of community rules.
• Who it binds: It binds the property owner (Sherrill Franklin Phipps III) and the lender, not residents or tenants. It includes an assignment of rents and a security interest in personal property.
• Property maintenance & use: The owner must keep the property in good condition, not commit waste, and comply with environmental laws. The lender can enter to inspect.
• Insurance & taxes: The owner must maintain hazard insurance (and flood insurance if in a flood zone) and pay all property taxes and liens.
• Leasing & transfers: The lender can demand full repayment if the property is sold or transferred without consent, including leases longer than three years.
• What this document doesn't cover: It contains no HOA rules, fees, pet policies, architectural guidelines, or community amenities. It only addresses the mortgage and lender's rights.

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.