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M <br />M <br />THE CONDITION OF THIS OBLIGATION is such that whereas, the Principal <br />entered into a certain contract with the OWNER, dated the ?n1 <br />day of octose_^ , 1980, a copy of which is hereto attached and <br />made a part hereof for the construction of: <br />Wabasso Beach Park Improvements - Proposal "W' "A" <br />NOW, THEREFORE, if the Principal shall well, truly and faithfully per- <br />form its duties, all the undertakings, covenants, terms, conditions, and agree- <br />ments of said contract during the original term thereof, and any extension <br />thereof which may be granted by the OWNER, with or without notice to the SURE 'r <br />and during the one year guaranty period and if the PRINCIPAL shall satisfy all <br />claims and demands incurred under such contract, and shall fully indemnify and <br />save harmless the OWNER from all costs and damages which it may suffer by <br />reason of failure to do so, and shall reimburse and repay the incur in making <br />good any default, then this obligation shall be void, otherwise to regain in full <br />force and effect. <br />PROVIDED, FURTHER, that the said SURETY, for value received hereby stipu- <br />lates and agrees that no change, extension of time, alteration or addition to the <br />terms of the contract or to :,WORK to be performed thereunder or the SPECIFICATIONS <br />accompanying same shall in any way affect its obligation on this BOND, and it <br />does hereby waive notice of any such change, extension of time, alteration or <br />addition to -the terms of the contract or to the WORK or to the SPECIFICATIONS. <br />PROVIDED, FURTHER, that it is expressly agreed that the BOND shall be <br />deemed amended, automatically and immediately, without formal and separate arien- <br />ments hereto, upon amendment to the Contract not increasing the contract price more <br />F-2 <br />R <br />OCT 81980 PAGE 8$9 <br />s <br />