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84' °" 405507 Where practical, Receipts, Rental Pool Management Fees, - Disbursements ! and Leasing Fees will be prorated in the event of a change in a Unites' 1 availability for Rental Use. 15. Custodial Account. The Agent agrees that all Receipts collected by it on behalf" of 'all" -The " Yancey Owners whose units are available- for Rental Use shall, be degisitedri • single "Custodial Account", separate and apart from Agent's = own " funds,,,; i c= " • state or national bank where deposits are insured by the federal"' meat. Any interact paill on accounts shall be payable'- to said _arnn9irit., and shall be a Receipt. The Agent may maintain a minimum balance in the Custodial Account for the purpose of providing "working capital" for the operation of the rentsi pool. Initially, this balance shall be $10,000. Agent may adjust this- adtomt during ongoing operations if Agent in its sole and good faith discretion determines that less or more working capital Is required. Owner hereby appoints the Agent as Owner's true and lawful attorney- in -£act , coupled with an intent. to pay by check or otherwise the . Owner's allocation of Receipts, Rental Pool Management Fee, Disbursements, Leasing Fees, Capital Expenditures and Association Assessment, at any time from -the Custodial Account without prior notice to the Owner. 16. Advancement of funds. The Agent shall have no obligation whatsoever to advance funds to the Owner. At Agent's option, however, the Agent may advance funds to the Owner who shall pay the Agent interest on such advances at the rate of 16% per annum. Owner agrees to promptly and fully compensate the Agent for the advanced funds within thirty days of such advancement. Failure by the Owner to promptly or fully pay the Agent shall give the Agent the rights and remedies described in paragraph 13. 17. Audit. Agent will engage an independent certified public accountant(s) to produce annual audited financial statements for all The Yancey Owners whose units were available for Rental Use during the audited year. 18. Insurance. In addition to the property and public liability insurance coverage pro- vided by the Association, the Agent will secure an additional insurance policy (or riders to the insurance policy carried by the Association) for The Yancey Owners whose Units are available for Rental Use insuring against loss of rents for a period of up to 12 months on each Unit, in the event a Unit becomes uninhabitable as a result of basically all risks except flood, war, earthquake, radiation and the like. Owner recognizes that the maintenance of liability and property insur- ance coverage insuring the Owner and persons in possession from personal liability and loss or damage to their property, which is not otherwise insured -9- in