Deposit of Funds Advanced. Borrower will immediately deposit all loan proceeds advanced by Lender in a separate and exclusive account maintained with Wachovia Bank, Account No. 2000017154222, to be withdrawn and used solely for the purposes specified in the Draw Request, and will promptly furnish Lender with evidence thereof.
Appears in 2 contracts
Sources: Construction and Land Acquisition Loan Agreement (Across America Real Estate Development Corp), Construction and Land Acquisition Loan Agreement (Across America Real Estate Development Corp)