The Owner agrees to execute and deiiver to the District a permanent right-of-way agreement (the "Right-of-Way Agreement") substantially in the form annexed hereto as Schedule "Two" in consideration of the payment to the Owner by the District of the sum of $1.00 payable upon registration of the Right-of-Way Agreement in the appropriate Land Title Office. Until the Right-of-Way Agreement has Deen registered in the Land Title Office, the Owner shail sell, transfer, assign, or otherwise alienate the Land’s without first obtaining the written agreement (in form satisfactory to the District) of the proposed purchaser, transferee or assignee to be bound by the terms of this agreement and to execute and deliver to the District the Right-of-Way Agreement; encumber, charge or lease the Lands in any manner without first obtaining the written agreement (in form satisfactory to the District) of the proposed encumbrance or charge holder or lessee to be bound by the terms of this agreement and to execute and deliver to the District such priority or other agreement as the District inay reasonably require. The District will deliver the Right-of-Way Agreement to the Owner for execution within a reasonable time after the completion of the Works and as soon after receipt of the executed Right-of-Way Agreement from the Owner as practicable, the District will execute it and present it for registration in the Land Title Office. The Owner agrees to grant a temporary right-of-way as outlined below under Special Terms. Special Terms: ‘The District be allowed to commence work on or about June 21, 1$93 and remain at the site until August 31, 1993. The District has a further option to extend this term to September 15, 1993 if it requires. The rent for the term and extension (whether exercised or not) is to be ONE DOLLAR ($1.00). [ITEM | PAGE | 56