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entire principal balance, determined in accordance with the default schedule attached hereto as Exhibit "B", immediately due and payable, (b) for the account of the Contractor incur and pay'reasonable expenses for repair, maintenance and operation of the water system herein described and sUch expenses as may be necessary to cure the cause of default, and/or (c) take possession of the water system, repair, maintain and operate or lease it. The provisions of this contract may be enforced by the State at its option without regard to prior waivers by it of previous defaults by the Contractor, through judicial proce~dings to require specific performance of, this contract or by such other proceedings in law or equity as may be deemed necessary by the State to insure compliance with provisions of this contract and the laws and regulations under which this contract is made. O. The State agrees that it shall. 1. Make available to the Contractor for th~ purpose of this contract not to exceed the sum of Two Hundred Thirty-One Thousand Dollars ($231,000). Said Two Hundr~d Thirty-One Thousand Dollars ($231,000) shall be made available to the Contractor in accordance with the following terms and conditions. a. Beginning with the monthly period commencing April 1, 1982 and for every month thereafter until said project has been completed, the Contractor shall prepare with the assistance of the consulting engineer referred to in Paragraph B.l. above,' an estimate of the funds required from the State for project construction during that month and shall forward said estImate to the State not less than 15 days prior to the beginning of such month. b. upon receiPt and approval by the Stat~ of such monthly estimate, the State will, within 40 days from the receipt of such estimate, pay over to the Contractor the amount of the monthly estimate or such portion thereof as has been approved by the State. c. No payments will be made under this contract until the project plans and specifications referred to in Paragraph B.l. above are approved by the State. 2. Provide the Contractor with such technical assistance as the State deems appropriate in planning, constructing and operating the project and in coordinating the project with local official comprehensive plans for sewer and water and with any State or area plans for the area in which the project is located. E. This contract is not assignable by the Contractor except with written approval of the State. F. The parties to this contact intend that the relat~onship between them contemplated by this contract is that of employer-independent contractor. No agent, employee or servant of the contractor shall be or shall be deemed to be an employee, agent Or servant of the State. The Contractor will be solely and entirely responsible for its acts and the acts of its agents, employees, servants and Subcontractors during the performance of this contract. G. At all' times during the performance of this contract, the Contractor shall strictly adhere to all applicable federal and state laws that have be~n or may hereafter be established. H. This agreement is intended as the complete integration of all understandings between the parties. No prior Or contemporaneouS addition, deletion or other amendment hereto shall have any force or effect whatsoever unless embodied herein in writing. No subsequent novation, renewal, addition, deletion or other amendment hereto shall have any force or effect unless embodied in a written contract executed and approved pursuant to the state fiscal rules. I. In its sole discretion, the State may at any time give any consent, deferment, SUbordination, release, satisfaction or Page 4 of 9