Knolls at the Neuse Homeowners' Association, Inc

What Knolls at the Neuse Homeowners' Association, Inc's governing documents say

This is a mortgage deed of trust, not a community rulebook. It is a financing document that secures a loan on a single-family home in The Knolls at the Neuse subdivision, a planned unit development in Clayton, NC. It binds the borrower (homeowner) and the lender, and it references the community's governing documents but does not contain the actual HOA rules.

• What this document covers: It is a deed of trust for a $179,191.20 mortgage on the property at 93 Neuse Landing Drive, Clayton, NC. It grants the lender a security interest in the home and outlines the borrower's obligations to repay the loan, pay taxes and insurance, and maintain the property.
• HOA obligations: The deed requires the borrower to comply with the declaration, bylaws, and regulations of the planned unit development (The Knolls at the Neuse). It also allows the lender to collect funds for condominium or planned unit development assessments as part of the escrow for taxes and insurance.
• Property maintenance: The borrower must keep the property in good repair and not commit waste or allow deterioration. The lender may inspect the property with reasonable notice.
• Transfer restrictions: The lender can demand full repayment of the loan if the property is sold or transferred without prior written consent, unless prohibited by federal law.
• What this document doesn't cover: This document does not contain the actual HOA rules for The Knolls at the Neuse, such as architectural guidelines, pet restrictions, leasing rules, or community fees. Those would be found in the subdivision's declaration of covenants, conditions, and restrictions (CC&Rs) and other governing documents.

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.