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18. Any excess funds accumulated under the preceding paragraph <br /> remaining after payment of the items therein mentioned shall be <br /> credited to subsequent payments of the same nature required <br /> thereunder; but if any such item shall exceed the estimate therefor <br /> the Grantor shall without demand forthwith make good the deficiency. <br /> Failure to do so before the due date of such item shall be a default <br /> thereunder. If the property is sold under foreclosure or is otherwise <br /> acquired by the Beneficiary after default, any remaining balance of <br /> the accumulations under the preceding paragraph shall be credited to <br /> the principal of the Deed of Trust as of the date of commencement of <br /> foreclosure proceedings or as of the date the property is otherwise <br /> acquired; and <br /> 19. That the Beneficiary shall have the right to inspect the <br /> secured premises at any reasonable time. <br /> 20. That so long as the Deed of Trust and Note secured hereby <br /> are outstanding, it will not (a) rent dwelling accommodations in the <br /> secured premises in excess of the rates approved by the Beneficiary or <br /> for periods of less than one month; (b) rent the premises as an <br /> entirety; (c) -rent the premises or any part thereof to any person for <br /> the purpose of subleasing; (d) rent the premises or permit its use for <br /> hotel or transient purposes; (e) require of any tenant as a condition <br /> of occupancy life-lease contracts, fees or other payments over and <br /> above those for rents, utilities, and collateral services. <br /> 21. If the Grantor shall well and truly perform all the terms <br /> and conditions of this Deed of Trust and the Note secured hereby then <br /> this conveyance shall be null and void and shall be properly canceled <br /> of record. <br /> 22. In the event of default in making any payment provided for <br /> herein or in the Note secured hereby for a period of thirty (30) days <br /> or in case of a breach of any other covenant contained herein <br /> stipulated, then the whole of said principal sum shall at the election <br /> of the Beneficiary, without notice, become immediately due and <br /> payable, in which event the Beneficiary shall have the right <br /> immediately to foreclose this Deed of Trust. It shall be lawful for <br /> and the duty of the Trustee, and he is authorized and empowered, to <br /> sell the lands and premises hereinbefore under power of sale <br /> foreclosure in accordance with applicable North Carolina law. In the <br /> alternative, the foreclosure may be conducted by an appropriate <br /> official under applicable Federal law. The Grantor agrees that in the <br /> event of a sale hereunder the Beneficiary shall have the right to bid <br /> at such sale and become the purchaser thereat. <br /> 1/00 <br />