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The Attached Statutory Cover Page Forms and Becomes Part of this Bond <br /> PUBLIC CONSTRUCTION BOND <br /> Executed in 3 Counterparts <br /> Bond No. 1931803 <br /> (enter bond number) <br /> BY THIS BOND, We R. K. Contractors, Inc. , as Principal and <br /> The Hanover Insurance Company , a corporation, as Surety, are bound to Indian River County <br /> , herein called Owner, in the sum of$ Forty Seven Thousand" , for payment of which we <br /> bind ourselves, our heirs, personal representatives, successors, and assigns, jointly and <br /> severally. *Board of County Commissioners <br /> THE CONDITION OF THIS BOND is that if Principal: **Two Hundred Two and 10/100 ($47,202.10) <br /> 1. Performs the contract dated Feb —Il -2010 , between Principal and Owner for <br /> construction of Shell Lane East A Portion of Summerplace Subdivision*** , the contract being <br /> made a part of this bond by reference, at the times and in the manner prescribed in the <br /> contract; and ***Petition,Water Assessment Project <br /> 2. Promptly makes payments to all claimants, as defined in Section 255.05(1), Florida <br /> Statutes, supplying Principal with labor, materials, or supplies, used directly or indirectly <br /> by Principal in the prosecution of the work provided for in the contract; and <br /> 3. Pays Owner all losses, damages, expenses, costs, and attorney's fees, including <br /> appellate proceedings, that Owner sustains because of a default by Principal under the <br /> contract; and <br /> 4. Performs the guarantee of all work and materials furnished under the contract for the <br /> time specified in the contract, then this bond is void; otherwise it remains in full force. <br /> Any action instituted by a claimant under this bond for payment must be in accordance <br /> with the notice and time limitation provisions in Section 255.05(2), Florida Statutes. <br /> Any changes in or under the contract documents and compliance or noncompliance, <br /> , <br /> with any formalities connected with the contract or the changes does not affect Surety'$ <br /> obligation under this bond. r r <br /> DATED ON <br /> R. K. Contractors, Inc. . .. <br /> (Name of Principal) <br /> By ) le. <br /> Patrica L. Slaugher, (As Attorney in Feet) &FL Lic. Resident <br /> Agent <br /> The Hanover Insurance Company <br /> (Name of Surety) <br /> Inquiries: (407)786-7770 <br /> 00610 - 3 <br />