Release of Retained Funds. Funds retained will be released to the CONTRACTOR in accordance with Section 218.735, Fla. Stat., as follows:
Release of Retained Funds. The funds retained from the Loan proceeds to assure the completion of the construction of the Improvements shall be advanced to Borrowers upon final acceptance of the work by Bank or its representative and the delivery to Bank of all of the affidavits, certificates, waivers, releases and receipts required under this Agreement and/or under Virginia or Kentucky law, to protect the Land and Improvements and the Deed of Trust and the Mortgage against mechanics liens.
