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.. � . . ' Associatio shall give written notice to all Eligible Mortgagees of any condemnation or eminen : ' domain pr ceeding affecting the Property promptly upon receipt of notice from the condemnin authority. ; 15_ Requirements for Management Agreements. The term of any agreement fo . � professionall management of the Property shall not exceed two years. Any such agreement shal provide for'I terminatian withaut penalty o; termination fee by either party as follows: (i) wi cause, upo a minimum of thirty, and a maximum of forty-five, days prior written notice, and (ii)without cause,upon a minimum of sixty days prior written notice. . 15. Access to Books and Records/Audit. Eligible Mortgagees, or an institutiona insurer or g arantor of a mortgage loan against a Llnit, shall have the right to examine the book and record� of the Association upon reasonable notice, during normal business hours, and to receive fre of charge, upon written request, copies of the Association's annual reports and othe 1 financial st tements. Financial statements, including those which are audited, shall be availabl within one undred eighty days after the end of the Association's fiscal year. FNMA, or any Eligible M rtgagee, institutional gaarantor or insurer of a mortgage loan against a Unit, may require that at iis own expense, an audit of the Association's financial statements be made for the precedi g year, in which case the Association shall cooperate in having an audit made and a . copy given to the requesting party. 15.1 Notice Requirements. Upon written request to the Association, identifying the ' name and ddress of the holder, insurer or'guarantor of a rnortgage on a Unit, and the Unit. number or dress,the holder,insurer or guarantor shail be entitled to timely written notice of: ' I5.10.1 a condemnation loss or any casualty loss which�affects a material portion of th Property or the Unit securing the mortgage; � 15.10.2 a sixty day delinquency in the payment of Assessments or charges owed by t e Owner of a Unit on which it holds a mortgage; � 1 S.]0.3 a lapse, cancellation or material modification of any insurance policy mair�tained by the Association;and 15.10.4 a proposed action which requires the consent of a specified percentage of , Eligi le Mortgagees. , . SECT[ON 15 ' SPECIAL DECLARANT RICHTS Decl rant hereby reserves exclusive and unconditional authority to exercise the following special Decl rant rights within the meaning of Section S15B.1-103(32) of the Act for as long as it owns a Un t,or for such shorter period as may be specifically indicated: I b.1 , Complete i�nprovements. To complete each Building, Unit, and other improvemen�s indicated on the Plat, or otherwise inclnded in Dec]aranYs developmenk plans or MP►s-wo�a 9szs .i i 36 �