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12 / 22 / 2810 00 : 26 ;864289879 <br /> PUBLIC CONSTRUCTION BOND <br /> Bond No , 24907961 <br /> enter bond number) <br /> BY THIS BOND , We Beemats , LLC as Principal and <br /> Western Surety Company a Corporation , as Surety , are bound to County of Indian River <br /> herein called Owner , in the sum of S 169 , 500 . 00 , for payment of which we <br /> bind ourselves , our heirs , personal representatives , successors , and assigns , jointly and <br /> severally . <br /> THE CONDITION OF THIS BOND is that if Principal : <br /> 1 . Performs the contract dated _ ___ �, between Principal and Owner for <br /> construction of Indian River County Floating Mat System , the Contract being <br /> made a part of this bond by reference , at the times and in the manner prescribed in the <br /> contract; and <br /> 2 . Promptly makes payments to all claimants , as defined in Section 255 . 05 ( 1 ) , Florida <br /> Statutes , supplying Principal with labor, materials , or supplies , used directly or indirectly <br /> by Principal in the prosecution of the work provided for in the contract ; and <br /> 3 . Pays Owner all losses , damages , expenses , costs , and attorney' s fees , including <br /> appellate proceedings , that Owner sustains because of a default by Principal under the <br /> contract ; and <br /> 4 , Performs the guarantee of all work and materials furnished under the contract for the <br /> time specified in the contract , then this bond is void ; otherwise it remains in full force . <br /> Any action instituted by a claimant under this bond for payment must be in accordance <br /> with the notice and time limitation provisions in Section 255 . 05 (2 ) , Florida Statutes . <br /> Any changes in or under the contract documents and compliance or noncompliance <br /> with any formalities connected with the contract or the changes does not affect Surety' s <br /> obligation under this bond . <br /> DATED ON 3/3/2011 <br /> ( Name of Principal ) <br /> ttorr v in Fact <br /> (VORATE Western Surety Company <br /> SEAL Name of Sure <br /> END OF SECTION <br /> 00610 - <br />