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- 29 - <br /> <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 written notice to all First Mortgagees of <br /> any condemnation or eminent domain proceeding affecting the <br /> Property promptly upon .receipt of notice from the condemning,· <br /> authority. <br /> <br /> Section 12.8. The term of any agreement for professional <br />management of the Property, or any other contract providing for <br />services of the Declarant, sponsor, or builder, may not exceed <br />two (2) years. Any such agreement must provide for termination <br />by either party, with cause upon thirty (30) days prior written <br />notice, and without cause and without payment of a termination <br />fee or penalty upon ninety (90) days or less prior written <br />notice. <br /> <br /> Section 12.9. First Mortgagees shall have the right to <br />examine the books and records of the Association upon reasonable <br />notice during normal business hours, and to receive upon written <br />request, copies of the Association's annual reports and other <br />financial statements within ninety (90) days of the end of the <br />Association's fiscal year. Owners holding 51% or more of the <br />voting power in the Association may require that an audited ~' <br />statement be prepared at Association expense if one is not <br />otherwise available. <br /> <br /> Section 12.10. Upon written request to the Association, <br />identifying the name and address of the First Mortgagee, insurer <br />or guarantor and the House address, any First Mortgagee, insurer <br />or guarantor will be entitled to timely written notice of: <br /> <br /> <br />