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• <br />provisions of this contract and applicable ordinances of the <br />County. In no event, however, shall the liability of the <br />guarantor or surety under this paragraph exceed the total <br />amount of the original obligation stated in the guaranty or <br />surety instrument, less any approved reductions thereto. <br />7. The parties agree that the County at its option <br />shall have the right, but not the obligation, to construct <br />'and install or, pursuant to receipt of competitive bids, <br />cause to be constructed and Installed the required <br />improvements in the event Developer shall fail or refuse to <br />do so in accordance with the terms of this contract. <br />Developer expressly agrees that the County may demand and <br />draw upon the existing guaranty or surety for the final <br />total cost of the improvements. Developer shall remain <br />wholly liable for any resulting deficiency, should the <br />guaranty or surety be exhausted prior to completion of the <br />required improvements. In no event shall the County be <br />obligated to expend public funds, or any funds other than <br />those provided by the Developer, the guarantor, or surety, <br />to construct the required improvements. <br />8. Any guaranty or surety provided to the County by <br />Developer with respect to this contract shall exist solely <br />for the use and benefit of the County and shall not be <br />construed or intended in any way, expressly or impliedly, to <br />benefit or secure payment to any subcontractor, laborer, <br />materialman or other party providing labor, material, <br />supplies, or services for construction of the required <br />improvements,. or to benefit any lot purchaser(s), unless the <br />County shall agree otherwise In writing. <br />9. This agreement is the full and complete <br />understanding of the parties and. shall not be construed or <br />amplified by reference to any other agreement, discussion,. <br />or understanding, whether, written or oral, except as <br />specifically mentioned herein. This agreement shall not be <br />assigned without the express written approval of the County. <br />Any amendment, deletion, modification, extension, or <br />revision hereof or hereto shall be in writing, executed by <br />authorized representatives of both parties. <br />IN WITNESS WHEREOF, the parties hereto have set their <br />hands and seals on the day and year first above written. <br />GRAND HARBOR_ a <br />corporation of the State of <br />FLORIDA <br />DEVELOPER <br />By: <br />3 <br />AR 2 2 1988 <br />O.H. Fielder, V.P. <br />(affix corporate seal)": <br />BOOK 71 F'A E J1O <br />