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14. Agency shall also obtain necessary HUD official signa- tures, establish settlement date, submit completed Project Set-Up form and original documents to Master Servicer. 15. Lender agrees to establish a separate 312 loan depository account with a local financial institution of Lender's choice for approved 312 loans. Funds shall be received via Automated Clearing House (ACH) system as required and disbursed without delay by Lender or its Agent upon receipt of proper disbursement authorizations from the Agency. If additional private or public funds will be used to supplement a Section 312 loan, a separate sub- escrow account will be maintained for those funds. 16. Agency shall select between options of multiple disbursementand multiple drawdowns of funds versus multiple disbursements and a single drawdown of funds. 17. Lender or its Agent agrees to arrange for all drawdowns and submission of payment vouchers and other documenta- tion as required by the HUD Cash Management contractor. 18. Lender or its Agent agrees to provide Agency with monthly reconciliation report including the monthly Bank Disbursement Report (received from HUD Cash Management Contractor) and all depository account activity for all automatic transfers and disbursements. 19. Lender agrees to maintain permanent project files for three years available to Agency containing all account identification and activity to show that at no time was there a commingling of Section 312 with other funds and that at no time draws on Section 312 funds exceeded draws on non-Section 312 funds. 20. At the time of loan closeout, Lender or its Agent agrees to prepare Notice of Superior Lienholder (when applicable) requesting notification to HUD in the event of borrower default, a Final Transmittal Letter to the Master Servicer and a Final Disposition of Funds State- ment. These documents will be forwarded to Agency to prepare loan for transmittal to the Master Servicer. 21. Agency agrees to pay Lender or its Agent fees for 312 loan processing according to the fees attached in Exhibit B.