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become lien~ prior to the first mortgage under s~ate law shall <br /> relate only to the individual House and Lot and not to the <br /> Property as a whole. <br /> <br /> Section:12.?. No provision of the Governing Documents shall <br />give an Owner, or any other party, priority, over any rights of <br />the First M~rtgagee of the House pursuant to i~s mortgage in the <br />case of a distribution to such Owner of insurance proceeds or <br />condemnation awards for losses to or taking of the House. The <br />Association shall give %~ritten no,ice to all First MortEagees of <br />any condemnation or eminent domain proceeding affecting the <br />Property promptly upon receipt of notice from the condemning <br />authority. <br /> <br /> Section312. $. The term of any agreement for professional <br />management 0f the Property, or any other contract providing for <br />services ofl the Declarant, sponsor, or builder, may not exceed <br />two (2) years. Any such agreement must provide for ~er~Aination <br />by either party, with cause upon thirty (30) days prior %~itten <br />notice, and without cause and without payment of a termination <br />fee or penalty uoon ninety (90)'days or Ies~ prior ~itten <br />not ice. <br /> <br /> Section !2.9. First Mortgagees shall have the right to <br />~'~xamine the. books and records of the Association upon reasonable <br />notice during no--=~. -,~_ business hours~ and to receive uoon ~it~en <br />recuest, cooles of the Association's annual reoorts and other <br />financial suatements within ninety (90) days of the end of the <br />Asso i~tior.' <br /> <br /> <br />