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i •. • . , • . ; Assoc6ation shall give written notice to all Eiigible Mortgagees of any condemnation or e inent ' domai� proceeding affecting the Property promptly upon receipt af notice from the conde ning authoriry. 15.8 Re�uirements for ManaEement AQreements. The term oF any a�reeme t for � profes ional management of the Property shall not�exceed two years. Any such agreemen shall � prov: e for terminatian withaut per,alty cr terminatian fee by either party as iollows: (i with cause, upon a minimum of thirty, and a rnaximum of forty-five, days prior written notice and, (ii)wi hout cause,unon a minimum of sixty days prior written notice. . � 15.9 Access to Books and Records/Audit. Eligible Mortgagees, or an institu ional insure or guarantor of a mortgage loan against a Linit, sha}l have the right to examine the ooks and r ords of the Association upon reasonable notice, during norma! business hours, a d to - receiv free of charge, upon written request, copies of the Association's annual reports and other ! financ�al statements. Financial statements, including those which are audited, shall be ava lable within one hundred eighty days after the end of the Association's fiscal year. FNMA, o any . Eligib�e Mortgagee, institutiona7 gaarantor or insurer of a mortgage loan against a Unif, may requir� that, at its own expense, an audit of the Association's financial statements be ma e for the pr ceding year, in which case the Association shall cooperate in having an audit made nd a . copy g�ven to the requesting party. , 15.1d Notice Requirements. Upon written request to the Association, identifyin the ' name nd address of the holder, insurer or'guarantor of a mortgage on a Unit, and the Unit numbe or address,the holder,insurer or�uarantor shall be entitled to timely written notice f: i I 5.i 0.1 a condemnation loss or any cas�alty]oss which affects a materia!p rtion ''of the Property or the Unit securing the mortgage; , 15.10.2 a sixty day delinquency in the payrnent of Assessments or charges wed by the Owner of a Unit on which it holds a mortgage; 15.10.3 a lapse, cancellation or material modification of any insurance p licy maintained by the Association;and 15.10.4 a propased action which requires the consent of a specified percenta e of , Eligible Mortgagees. , SECTIOIV lG , SPECIAL DECLARANT RICHTS Declarant hereby reserves exclusive and unconditiona] authority to exercise the follo ing special I,Declarant rights within the meaning of Section S I SB.l-]03(32) of the Act for as lo g as it owns a Unit,or for such shorter period as may be specifically indicated: I b.] Complete lmprovements. To complete each Building, Unit, and ther improv ments indicated on the Plat, or otherwise incladed in Declarant's development pla s or MPLS-Wo d 95281.I 1 3b