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PUBLIC CONSTRUCTION BOND <br /> Bond No . 535306P <br /> (enter bond number) <br /> BYTHIS BOND , We Timothy Rose Contracting , I $6 Principal and Developers <br /> Surety and , a corporation , as Surety , are bound to Indian River , herein <br /> P 4w <br /> nfea Vwn , M 96'r of $ 461 , 316 . 82 for paymen o w ich we bind <br /> 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 cb , ao � 1 , between Principal and Owner for <br /> construction of Indian River Siva , Sidewalk ImprovemeMb �Qntract being <br /> 1--7 Q4 . g <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 f imished 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 2§§.,.0J(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 February 11 , 201 1 ' <br /> Timothy Rose Contracting , Inc. . 1 - \ . <br /> ( Name of Principal ) <br /> Timothy Rose President <br /> Dev %ers Surety and Indemnity <br /> ( 10drne of Sure <br /> By <br /> Robert Barra Attorney In Fact : <br />