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BK: 2896 PG: 2160 <br />PUBLIC CONSTRUCTION BOND <br />Bond No.106392149 <br />tenter bond number) <br />BY THIS BOND, We Ranger Construction Industries, Inc. , as Principal and <br />Invokes Casualty and aunty Company of a corporation, as Surety, are bound to Indian River County, FL <br />, herein called Owner, in the sum of $ 787,526.59 , for payment of which we <br />bind 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 November 17, 2015 , between Principal and Owner for <br />construction of CR512 Resurfacing from 125th Ave. to 1-95 , 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 <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 />with any formalities connected with the contract or the changes does not affect Surety's <br />obligation under this bond. <br />DATED ON December 2,2015 , <br />00610. 3 <br />Ranger Construction Industries, a�..t <br />Na•• <br />ri <br />owler President <br />By <br />00610 - Public Construction Bond.' t'� 'i11ar <br />F:1Publc Works\ENGINEERING DIVISION PROJECTS11304-CR 512 Reeurf (SCOP} 125th St to I-951Admimtbid <br />documentsWlaster Contract Documenla100610 - Public Conetrudion Bond.doc <br />A TRUE COPY <br />CERTIFICATION ON LAST PAGE <br />J.R. SMITH, CLERK <br />