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,. • . • . . ; Association shaU give written notice to all Eligible Mortgagees of any condemnation or e inent _ ' domai�p proceeding affecting the Property promptly upon receipt af notice from the conde ning authori;rty. 15.8 � Re�uirements for Management AQreements. The term of any agreeme t for �: professiflnal management of the Property shall not exceed two years. Any such agreement shall pravide for termination withaut penalty c; termination fee by either party as iollows: (i} with cause, upon a minimum of thirty, and a maxamum of forty-five, days prior writien notice, and, (ii)wit�out cause,upon a minimum of sixty days prior written notice. . � 15.9 Access to Books and Records/Audit. Eligible Mortgagees, or an institui onal insurer or�uarantor of a mortgage Ioan against a Unit, shall have the right to examine the b oks and records of the Association upon reasonable notice, during normal business hours, a d to receive free of charge, upon written request, copies of the Association's annual reports and ther 1 financi�t statements. Financial statements, including those which are audited, shall be avai able within ne hundred eighty days after the end of the Association's fscal year. FNMA, o�{ any . Eligibl�Mortgagee, institutional guarantor or insurer of a mortgage loan against a Unit, ma Y requrre',that, at iis own expense, an audit of the Association's financial statements be mad for the preceding year, in which case the Association shall cooperate in having an audit made nd a . copy given to the requesting party. 115.10 Notice Repuirements. Upon written request to the Association, identifyin the ' name ap�d address of the holder, insurer.or'guarantor of a mortgage on a Unit, and the nit number or address,the holder,insurer or guarantor shall be entitled to timely written notice : I5.I Q.1 a condemnation lass or any casualty loss which affects a material po ian of the Property or the Unit securing the mortgage; t 5.10.2 a sixty day delinquency in the payment of Assessments or charges ed �y 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 proposed action which rec�uires the consent of a specified percenta of , Eligible Mortgagees. . I SECT[ON lb SPECIAL DECLARANT RICHTS Declarant hereby reserves exclusive and unconditiona] authority to exercise the follo ing special �eclarant rights within the meaning of Section SISB.1-103(32) of the Act for as lon as it owns� Unit,or for such shorter period as may be specifically indicated: !b.l ComQlete �mnrovements. To complete each Building, Unit, and o her improvements indicated on the Plat, ar otherwise incladed in Declarant's developrnent plan or MP[S-Wor�9szs�.�� 36 i I