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In the event that tho owner of Parcel A fails to have
the construction and paving of s3id areas totally
co~plsted and ready for usa prior to the ~ate s~t
forth above, the owner o~ Parcel B, its successors,
successors-in-title, 3nd assigns, shall have the
right, but not the obligation, to enter upon ~arcel A
for the purpose of constructing and paving (or
completing said construction and paving in the event
of partial completion by the owner of Parcel A) said
areas on Parcel A, and the owner o: Parcel A shall
reimburse the ownet of Parcel B for any and all
~xpenses (exclusive of overhead ~xpenses) incurre•3 in
connection there~~ith. All such amounts sh311 bear
interest at the higher of (i) the annual rate of
twelve percent (12$); or (ii) the annual rate then in
effect under the construction loan, if any, entere3
into by the owner of Parcel B for the contruction of
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imorovements on Parcel B. Such interest shall accrue
from the date such ex~enses are incurred until pai3,
an~i th~ entirs ara~unt of su~h sxaenses, together ~ith
all interest 3ccrued therzon shall be ~ayable no later
than ten (10) days after the receip~ by the owner ~f
Parcel A ~f written notice from the owner of Parcel B
that such construction has been completed, sai3 notic~
to be ac~o~n~anied by a statement setting forth the
total amount 3ue and payable by the owner of Parcel A
an~ by r~asonable supportin~ evi3en~e of the ex~e:~s~s
i ncurre:~ by the ~wner of Parcel 8.
(f) Zn or~er to facilitate t~e surface «r3ter
3rainage ease~ent granted in Para3raph 2 of this
~ Declaration, the owner of Parcel 8 shall buil~i an3
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maintain such 3rainage facilities an~ water retention
basins or oon:~s on Parcel A as aze necessary, an~ as
may be required by any governmental authority, to
re.^_eive all surface water 3raina~e fr~o Par~el A at a
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