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8 <br />0 <br />u <br />NOW THEREFORE, the condition of this obligation is such, that if <br />the Principal shall construct all streets, alleys, rights of ways, fill, <br />culverts, drainage facilities, water mains, and sanitary sewers, and all of <br />the improvements shown upon said plat or required by the Subdivision Resolu- <br />tion of Indian River County, Florida, in the manner there required within <br />one year after the approval of the final plat on August 8, 1973, and in the <br />event they are not so completed within that time the County shall proceed <br />with the work and hold the Principal responsible for the cost thereof or <br />when the County Administrator certifies to the Clerk that all of the improve- <br />4 <br />meats have been constructed on the land the balance of the cash deposit shall <br />be returned by the Clerk to the Principal, then and in that event this Bond <br />and obligation created herein shall be null and void, otherwise to remain in <br />i <br />full force and effect. <br />SIGNED, SEALED AND DATED this 6th day of November, 1973 <br />(Corp. Seal) <br />RECEIPT <br />The undersigned hereby acknowledges receipt from The Moorings <br />Development Company of cash in the sum of Fifty -Five Thousand, Eight Hundred <br />and no/100 Dollars ($55,800.00) to be held and paid out in accordance with <br />the terms of the foregoing Bond. <br />This 4 l"` day of 1973 <br />RALPH HARRIS, Clerk of the Circuit Court <br />in and for Indian River County, Florida <br />CLERK <br />BOOK 8 vkGE205 <br />.1 <br />