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BK : 1721 PG : . 468 t The Surety , for value received , hereby stipulates and agrees that no charge , extension of time . - alteration of or addition to the terms of the Contract or to the work to be performed thereunder or to the Specifications applicable thereto , shall in any way affect its otAgations on this Bond , and the Surety hereby waives notice of any such change , extension of time . alterations of or addition to the ' terms of the Contract, or to the Work or to the Specifications . The Surety represents and warrants to the Coarty of ! ndlan River that it has a Best's Key Rating Guide , General Policyholder's rating of "A" and Financial SZe Category of Gass "X" . ' The Principal and Surety jointly and severally covenant and agree that this Bond will remain in full foresand effect for a period of one year commencing on the date of Final Completion asestablished on the Certificate of Final Completion as issued by the County of Indian River. The Principal and Surety jointly and severally, agree to pay the County of Indian River all losses , ' - iiamages, expenses, costs , and attomey's fees , including appellate proceedings, that the County of ` Indian River sustains because of a default by the Principal under the Contract. -40 WITNESS WHEREOF , the-above bound parties executed this instrument under their several seals , this _ 26 day ofM a r c h 2004, the name and corporate seal of each corporate party being hereto affixed and these presents duly signed by its undersigned tepresentative, pursuant to authority of its goveming body. • • 1 /1•• • •••1f••••••ffY• t•IM•••• k•• 1••••••• ••••••11••f••• ••••fe•1#• • • •»•••N• ••H��• ••••••1••••••µHvII• • y 5/04/01 PAYMENT BOND 00612-2 F \public worksleapkal Prc j&=Towth SveetOld Diri4-US11CONTRACT DOCUMENTS\D0612 • Payment Bond.doc A TRUE COPY CERTIFICATION ON LAST PAGE J . K . BARTON , CLERK