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12. The APPLICANT agrees to begin construction of the <br /> herein described water main(s) within a period of <br /> months and to complete construction, ready for District <br /> acceptance~ within ~ months following Commissioners <br /> approval of this contract. If the construction of the <br /> water main(s) does not adhere to the above ti~e <br /> schedule, then the District. may, upon a thirty (30) day <br /> ~ritten notice, terminate the following Paragraphs of <br /> this contract: 1,2~3,~,?,8, and 9. The remaining <br /> provisions of this contract shall remain in full force <br /> and effect. <br /> <br /> Upon termination of this contract under the provisions of <br /> this Paragraph, the APPLICANT agrees to the following: <br /> <br /> 1. The ownership rights of any and all water pipe and <br /> related accessories installed under this contract <br /> will automatically be transferred to the District <br /> free and clear of all liens and claims. <br /> <br /> All easements and/or rights-of-way directly related <br /> to this contract will be transferred to the <br /> District in a form satisfactory to the District <br /> within thirty (30) days after termin~tlon of this <br /> contract under the provisions of this Paragraph. <br /> <br /> 13, The APPLICANT agrees to provide to the District~ one <br /> ~1) meter per lot of the development, of suitable size~ <br /> meeting District standards. <br /> <br /> I~ WITNESS WHEREOF, the parties hereto have caused this <br /> <br /> instrument to be executed~ the day and year first above <br /> written. <br /> <br /> ATTEST: <br /> <br /> WITNESS A~LICANT~/~ ! <br /> CABARRUS COUNTY, NORTH EAROLINA <br /> <br />ATTEST: <br /> <br /> BY: <br /> CLERK CHAIRMAN <br /> BOARD OF COMMISSIONERS <br /> <br />APPROVED A~ TD FORM: <br /> <br />BY: <br /> ATTORNEY <br /> <br /> <br />