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A copy of said Contract is incorporated 'erein by reference and is made a part hereof as if fully copied herein. �' NOW, THEREFORE, THE CONDIT* E. OF THIS OBLIGATION ARE SUCH, that, if the Principal shalt promptly make paym eo all claimants, as herein below defined, then this obligation shall be void; otherwise, this ,iand shall remain in full force and effect, subject to the following terms and conditions: 1. A claimant is defined as any' person supplying the Principal with labor, materials or supplies, used directly or in d iectly by the Principal in the prosecution of the Work provided for in said Contra , and is further defined in Florida Statutes Section 713.01. 2. Florida Statutes Section 255., 5 (2007), as amended from time to time, together with all notice and time provisions; ' intained in subsection (2) of Florida Statutes Section 255,05, is incorporated herei in its entirety by this reference The Surety. for value received, hereby 4ptates and agrees that no charge, extension of time, alteration of or addition to the terms of Contract or to the work to be performed thereunder or to the Specifications applicable there , shall in any way affect its obligations on this Bond, and the Surety hereby waives notice of any such change, extension of time, alterations of or addition to the terms of the Contract, or to the work or to the Specifications. i' The Surety represents and warrants tc the County of Indian River that it has a Best's Key Rating Guide, General Policyholder's ratmlig of "A" and Financial Size Category of Class "X". il; The Principal and Surety jointly and severally covenant and agree that this Bond will remain in full force and effect for a period of one yea' commenting on the date of Substantial Completion as established on the Certificate of Sub; timtial Completion as issued by the County of Indian River. l t The Principal and Surety jointly and gaily, agree to pay the County of Indian River alt losses, damages, expenses, costa, andi attorney's fees. including appellate proceedings, that the County of Indian River sustains becks ao of a default by the Principal under the Contract. • IN WITNESS WHEREOF, the above boi4 c parties executed this instrument under their several seals, this 28 day of January ; i , 20 0 8 the name and corporate seal of each corporate patty being hereto affbced and these presents duly signed by its undersigned representative, pursuant to Out hority of its governing body. 00612-2 MProjscts07410iddhip Comic* SpedhiostlonaispecTcirr dsM‘20071009121PaynrM Bond .doc