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,. � . � _ . - , � � Associ tion shall give written notice to all Eligible Mortgagees of any condemnation or em nent _ ' domain proceeding affecting the Property promptly upon receipt of notice from the conde ning authori . I�5_8 � Re�uirements for Manaeement Agr�ements. The term of any agreemen for � professipnal management of the Property shall not exceed two years. Any such agreement hall provitle'far terminatian withaut penalty or termination fee by either party as foliows: (i} ith cause, t�pon a minimum of thirty, and a maximum of forty-five, days prior written notice, nd, , (ii)without cause,upon a minimum of sixty days prior written natice. . 15.9 Access to Boaks and Records/Audit. Eligible Mortgagees, or an instiriati na] insurer or guarantor of a mortgage laan against a Unit, shafl have the right to examine the b oks and records of the Assaciation upon reasonable notice, during normal business hours, an to receive free of charge, upon written request, copies of the Association's annual reports and er I financial statements. Financial statem�nts, including those which are audited, shall be avail ble within a,ne hundred eighty days after ihe end of the.Association's fiscal year. FNMA, or any . Eligible Mortgagee, institutional guarantor or insurer of a mortgage loan against a Unit, ay require at, a# iis own expense, an audit of the Association's financial statements be mad for the prec ding year, in which case the Association shall cooperate in having an audit made a d a . copy giv n to the requesting party. 1 .10 Notice ReQuirements. Upon written request to the Association, identifying the name a address of the holder, insurer or'guarantor of a rnortgage on a Unit, and the nit number r address, the holder,insurer or guarantor shall be entitled to timely written notice o�: � I5,1 Q.1 a condemnation loss or any casualty loss which affects a material po Iion o�the Property or the Unit securing the mortgage; I5.10.2 a sixty day delinquency in the payment of Assessments or charges o ed by the Owner of a Unit on which it holds a mortgage; 15.10.3 a lapse, cancellation or material modification of any insurance pol'cy maintained by the Association;and 15.10.4 a proposed action which requires the consent of a specified percentag of , E�igible Mortgagees. �I SECT[ON 16 ', SPECIAL DECLARANT RICHTS � D�clarant hereby reserves exclusive and Unconditional authority to exercise the followi g specia! D�clarant rights within the meaning of Section S15B_1-103(32) of the Act for as long,as it owns a nit,or for such shorter period as may be specifically indicated: , i I b'.] Cornolete imnrovements. To complete each Building, Unit, and o er improvements indicated on the Plat, or otherwise included in Declarant's developrnent plans or MPLS-Word 95281.11 3b