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12. The APPLICANT agrees to begin construction of the <br /> herein described water main(s) within a period of ' <br /> mont~s 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 mainfs) does not adhere to the above time <br /> schedule, then the District may, upon a thirty (30) day <br /> written 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 /> Uoon 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 transferne~ to the District <br /> free and clear of ail liens and claims. <br /> <br /> 2. 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 termination 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 standard~. <br /> <br /> IN WITNESS WHEREOP, the parties hereto have'caused this <br /> instrument to be executed, the day and year first above <br /> <br /> CABARROS CDUNTY~ NORTH CAROLINA <br />ATTEST: <br /> <br /> CLERK BY: <br /> CHAIRMAN <br /> BOARD OF COMMISSIONERS <br />APPROVED AS TO FORM: <br /> <br /> <br />