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,. • . ' • � , . . � Assoaiation shall give written notice to all Eiigible Mortgagees of any condemnation or e inent : ' doma�n proceeding affecting the Property promptly upon receipt af notice from the conde ning authority. � 15.8 � Requirements for Manaeement AQreements. The term of any agreeme t for _ � professional management of the Property shall not exceed two years. Any such agreernen shall provic�e far terminatian with�ut penalty cr termination fee by either parry as iollows: (i with cause, upon a minimum of thirty, and a maxamum of forty-five, days prior written notic , and, . (ii)without cause,upon a minimum of sixty days priar written notice. . , 15.9 Access to Books and Records/Audit. Eligible Mortgagees, or an insti tional insur�r or guarantor of a mortgage loan against a Unit, shali have the right to examine the books and records of the Association upon reasonable notice, during norma! business hours, �nd to recei�e free of charge,upon written request, copies of the Association's annual reports anc� other I finan¢ial staternents. Financial statements, including those which are audited, shall be av�ilable withir� one hundred eighty days after the end of the Association's fiscal year. FNMA, r any . Eligit�le Mortgagee, institutional guarantor or insurer of a mortgage loan against a Uni , may require that, ai iis own expense, an audit of the Association's financial statements be m e for the preceding year, in which case the Association shall cooperate in having an audit mad and a . copy given to the requesting party. 15.10 Notice Requirements. Upon written request to the Association, identifyi g the ' name and address of the holder, insurer or'guarantor of a mortgage on a Unit, and th� Unit numbler or address,the holder,insurer or�uarantor shall he entitled to timely written notic�of: , [5,i 0.I a condemnation loss or any casaalty]oss which affects a material dortion of the Property or the Unit securing the mortgage; I ' 15.10.2 a sixty day delinquency in the payment of Assessments or chargedI owed � by the Owner of a Unit on which it holds a mortgage; i 15.10.3 a lapse, cancellation or material modification of any insurance I olicy ' maintained by the Association;and � , 15.10..4 a proposed action which requires the consent of a specified percen�age of , Eligible Mortgagees. . ' SECT[ON Ib , SPECIAL DECLARANT RICHTS ' Declarant hereby reserves exclusive and unconditional authority to exercise the fol owing special Declarant rights within the meaning of Section S15B.1-103(32) of the Act for as Ipng as it owns a Unit,or for such shorter period as may be specifically indicated: I �' I b.l Complete �rnnrovements. To complete each Building, Unit, and other imprbvements indicated on the Plat, or otherwise inclnded in Declarant's development p ans or MPL$-Word 95281.1 I 3b