Laserfiche WebLink
Metadata
Document management portal powered by Laserfiche WebLink 9 © 1998-2015 Laserfiche. All rights reserved.
r _ <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 Best' s <br /> Key <br /> Rating Guide , General Policyholder' s rating of "A" 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 <br />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 /> 5 <br /> 00612 - Payment Bond REV 04-07 .doc <br /> 00612 - 2 <br /> FAEngineering\Special Projects\Eagle Trace Phase 2\Contract Documents\Eagle Trace Subdivision Phase II\00612 - Payment Bond REV 04-07.doc Rev. 05101 <br />