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.. • . � • . ; Association shall give written notice to all Eligible Mortgagees of any condemnation or eminent , ' domain proceeding affecting the Property prompcly upon receipt of notice from the condemning authority. IS_8 � Rec�uirements for Manasement Agreements. The term of any agreement for , . professional management of ihe Property shall not exceed two years. Any such agreement shall _ prcv:de for terminatian withaut per,a;ty cr te-minatian fee by either party as iollows: (i} witti cause, upon a minimum of thirty, and a maxamum of foriy-five, days prior written notice, and, (ii) without cause,uoon a minimum of sixty days prior written notice. . 15.9 Access to Books and Records/Audit. Eligible Mongagees, or an institutiona] insurer or guarantor of a mortgage loan against a Llnit, shatl have the right to examine the books and records of the Asso�ciation upon reasonable notice, during normal business hours, and to receive free of charge, upon written request, copies of the Association's annual reports and other I financiat statements. Financial statements, including those which are audited, shal] be available within one hundred eighty days after the end of the Association's fiscal year. FNMA, or any . Eligible Mortgagee, institutional guarantor or insurer of a mortgage loan against a Unit, may require that, at its own expense, an audit of the Association's financial statements be made for the preceding year, in which case the Association shall cooperate in having an audit made and a . copy given to the requesting party. 15.10 Notice Requirements. Upon written request to the Association, iden[ifying the ' name and address of the holder, insurer or guarantor of a mortgage on a Unit, and the Unit number or address,the holder,insurer or�uarantor sha9l be eniitled to timely written notice of: I5,10.1 a condemnation loss or any casaalty loss which affects a material portion af the Propercy or the Unit securing the mortgage; 15.10.2 a sixty day delinquency in the payment of Assessments or charges owed by the Owner of a Unit on which it holds a mortgage; 15.Ifl_3 a lapse, cancellation or material modification of any insurance policy maintained by the Association;and 15.10_.4 a proposed action which requires the consent of a specified percentage of , Eligible Mortgagees. - SECTION lb SPECIAL DECLARANT RIGHTS Declarant hereby reserves exclusive and unconditional auEhority to exercise the following special Declarant rights within the meaning of Section SISB.I-103(32) of the Act for as long as it owns a Unit,or for such shorter period as may be specifically indicated: 16.1 Cornplete imnrovements. To complete each Building, Unit, and other improvements indicated on the Piat, or otherwise irtclnded in Declarant's development plans or MP[_$-Word 95281.I I 3b