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BK : 1672 PG : 1274 <br /> NOW THEREFORE, E CONDITIONS E RE, TH NDIT NS OF THIS OBLIGATION ARE SUCH, that, if the <br /> Principal shall promptly make payments to all claimants, as herein below defined, then this <br /> ' obligation shall be -void; otherwise, this Bond shall remain In full force and effect, subject to the <br /> following terms and conditions: <br /> 1 . A claimant, as defined in Florida Statutes Section 255.05( 1 ), supplying Principal with <br /> labor, materials, or supplies, used directly or indirectly by Principal in the prosecution <br /> of the Work provided for in the Contact <br /> 2. Florida Statutes Section 255.05 (2002), as amended from time to time, together with <br /> all notice and time provisions contained thereln , is incorporated herein in Its <br /> entirety by this reference. <br /> The Surety, for value received , hereby stipulates and agrees that no charge, extension of time, <br /> alteration of or addition to the terms of the Contract or to the work to be performed thereunder <br /> ' or to the Specifications applicable thereto, shall in any way affect its obligations on this Bond, <br /> and the Surety hereby waives notice of any such change , extension of time, alterations of or <br /> addition to the terms of the Contract, or to the Work or to the Specifications. <br /> The Surety represents and warrants to the County of Indian River that It has a Bests Key <br /> Rating Guide, General Policyholder's rating of "A" and Financial Size Category of Class "X". <br /> The Principe! and Surety jointly and severally, agree to pay the County of Indian. River all <br /> losses, damages, expenses , costs, and attorney's fees , Including appellate proceedings, that <br /> the County of Indian River sustains because of a default by the Principal under the Contract. <br /> IN WITNESS WHEREOF, the above bound parties executed this Instrument under their several <br /> seals, this day of , 20_, the name and. corporate seal of <br /> ' each corporate party being hereto affixed and these presents duly signed by its undersigned <br /> representative, pursuant to authority of Its governing body. <br /> iM"rMrrw rrwww+ww�Mrr"rw«r•"+++r�+wrw.++ <br /> WHEN THE PRINCIPAL IS AN INDIVIDUAL• <br /> Signed , sealed , and detivered in the presence of: <br /> Witness Signature of Individual <br /> Address Printed Name of individual <br /> Witness <br /> Address <br /> 037640612 • Payment Bond <br /> On612 - 2 <br /> f.4Enp1nrennptGadi9 PrpjeGa1pS762lCt Epsd Bdep"AC77B-7Btn Street 6i0pc cortTRAC7 t10=73me12 . va,nrnt xna.dx nes. o51ot <br /> ' A TRUE COPY <br /> CERTIFICATION ON LAST PAGE <br /> J . K . BARTON , CLERK <br />