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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 Best's Key <br /> Rating Guide, General Policyholder's rating of W and Financial Size Category of Class "X" . <br /> The Principal and Surety jointly and severally covenant and agree that this Bond will remain in <br /> full force and effect for a period of one year commencing on the date of Final Completion as <br /> established on the Certificate of Final Completion as issued by the County of Indian River. <br /> The Principal 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 /> (The remainder of this page was left blank intentionally) <br /> 00612 • Payment Bond <br /> 00612 . 2 <br /> P.%enphj"h PdMw PewnM t W Re_ from 72M AVG. to M Ave%Bk oea~tsV oe1Z • Paye ev,a.ax Rev. 95MI <br />