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� d q07 / o MODIFICATION TO CONTRACT FOR CONSTRUCTION OF REQUIRED IMPROVEMENTS NO . SD -02 -06 -11 -CFC (2002020080 -33766) THIS MODIFICATION , made and entered into this 6th day of Apri 1 , 20047 by and between # JDC Florida , Inc . , an Alabama corporation authorized to do business in the State of Florida , hereinafter referred to as " Developer ' , and INDIAN RIVER COUNTY , a political subdivision of the State of Florida , by and through its Board of County Commissioners , hereinafter referred to as " County" . WITNESSETH : WHEREAS , Developer entered into a Contract for Construction of Required Improvements No . SD -02 - 06 - 11 -CFC (2002020080-33766 ) guaranteeing the completion of certain required improvements within Riverwind Subdivision Phase One by April 15 , 2004 ; and WHEREAS , those certain required improvements were guaranteed by a surety bond ; and WHEREAS , certain of the required improvements have been completed and Developer wishes to reduce the amount of the bond and substitute cash for the remainder of the required improvements not yet completed ; and WHEREAS , Developer has posted $ 21 , 133 . 55 cash and has entered into a Cash Deposit and Escrow Agreement , attached as Exhibit "A" in support of the contract and modification ; and NOW, THEREFORE , IN CONSIDERATION OF THE MUTUAL COVENANTS AND PROMISES HEREIN CONTAINED , the parties agree as follows : 1 . The amount of the bond is reduced to $ 21 , 133 . 55 , with the required improvements not yet constructed itemized on Exhibit " B " attached hereto . 2 . The surety bond is substituted with cash in the amount of $ 21 , 133 . 55 , and Developer has executed a Cash Deposit and Escrow Agreement , attached as Exhibit "A" hereto , in support of the Contract and Modification . 2 , The Cash Deposit and Escrow Agreement is made a part of this Modification .