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16. That the funds to be advanced herein are to be used in the <br /> construction of certain improvements on the lands herein described, in <br /> accordance with a Capital Advance Agreement between the Grantor and <br /> Beneficiary dated , which Capital Advance Agreement <br /> (except such part or parts thereof as may be inconsistent therewith) <br /> is incorporated herein by reference to the same extent and effect as <br /> if fully set forth and made a part of this Deed of Trust; and if the <br /> construction of the improvements to be made pursuant to said Capital <br /> Advance Agreement shall not be carried on with reasonable diligence, <br /> or shall be discontinued at any time for any reason other than strikes <br /> or lock-outs, the Beneficiary, after due notice to the Grantor or any <br /> subsequent owner, is hereby invested with full and complete authority <br /> to enter upon said premises, employ watchmen to protect such <br /> improvements from depredation or injury and to preserve and protect <br /> the personal property therein, and to continue any and all outstanding <br /> contracts for the erection and completion of said buildings, to make <br /> and enter into any contracts and obligations wherever necessary, <br /> either in his/her own name or in the name of the Grantor, and to pay <br /> and discharge all debts, obligations and liabilities incurred thereby. <br /> All such sums so advanced by the Beneficiary (exclusive of portions of <br /> the principal of the indebtedness secured hereby) shall be due and <br /> payable on demand with interest at the rate specified by the <br /> Beneficiary. The principal sum and other charges provided for herein <br /> shall, at the option of the Beneficiary or holder of this Deed of <br /> Trust and the Note securing the same, become due and payable on the <br /> failure of the Grantor to keep and perform any of the covenants, <br /> conditions, and agreements of said Capital Advance Agreement. This <br /> covenant shall be terminated upon completion of the improvements to <br /> the satisfaction of the Beneficiary and the making of the final <br /> advance as provided in said Capital Advance Agreement. <br /> 17. That, the Grantor, will pay to the Beneficiary as required, <br /> until the final maturity date, a sum equal to the ground rents, if <br /> any, and the taxes and special assessments next due on the premises <br /> covered by this Deed of Trust, plus the premiums that will next become <br /> due and payable on policies of fire and other property insurance <br /> covering the premises covered hereby, plus water rates, taxes, and <br /> special assessments next due on the premises covered hereby (all as <br /> estimated by the Beneficiary) less all sums already paid therefor <br /> divided by the number of months to elapse before one (1) month prior <br /> to the date when such ground rents, premiums, water rates, taxes and <br /> special assessments will become delinquent, such sums to be held by <br /> Beneficiary to pay said ground rents, premiums, water rates, taxes and <br /> special assessments. <br /> 1/00 <br /> 7 <br />