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L- U11L1 a '- Li 1Y , inC HXa111' ( ( 82862 P . 005 / 013 <br /> PUBLIC CONSTRUCTION BOND <br /> Bond N0 , 08891687 <br /> L�t� r bond number) <br /> We S . P . S . Contracting , Inc . <br /> BY THIS BOND , <br /> as Principal andFidelity & Deposit <br /> Company of Maryland , a corporation , aS Surety, are bound tolndian River Countv <br /> herein called Owner, in the sum of $ 295 , 727 . s5 , 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 _ 1 .1r.) to , betweep, �P� r� n. 91 and Owner for <br /> :construction of 58th . Avenue Roadway Modifications , he 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 55 . 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 o C) , <br /> S . P . S . Contracting , Inc . IN <br /> �f Princieal � 1 <br /> By vljelet <br /> As Attorne ' n Fact <br /> By <br /> (Name of Suretvl <br /> 21Z� elity & Deposit Company of Maryland <br /> John S . Harris - Attorney- in -Fact & <br /> State Resident Agent <br /> 00610 - 3 <br /> 00@10 - Public ConstruaHon Sond .doc <br /> F%w\PQW1c WUMMEN01NEERIN13 DIVISION PR0j=Tgt 5r;o SRSOWth Ave tntereecnon iWOOI Untf (KHA)1Adrdd2Id Dowmantn100M Public ComtrucHon Bonp.doc <br />