An eligible owner shall be deemed to be in default
of the agreement upon:
A. Nonpayment of any installment within 30 days from
the payment due date;
B. Nonpayment of any tax, special ad valorem levy or
special assessment which is levied subsequent to the signing of the
agreement by the tax district, and which is not paid prior to the
expiration of the warrant of the collecting officer; or
C. Default of the eligible owner on another agreement
made and executed pursuant to this Part 6.