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T FAME 10 CAN INSTITUTE OF A CfTECTS .ALA Document A310 Id On4E BOND4. BB03782 KNOW ALL MEN EW THESE "RES NTS, thatwe Timothy Rose Contracting, Inc 1360 SW Old Dixie Hwy., Ste 106 (Here insert full name a ad address or legal title of Contractor)Vero Beach, FL 32962 as Principal, hereinafter called the Principal, and Developers Surety and Indemnity Company a corporation duly organized under the laws of the State of Iowa as Surety, hereinafter called the Surety, are held and firmly bound unto Indian River County 1801 27 Street, Vero Beach, FL 32960 (Here insert full name and add,uss or legal title of Owner) as Obligee, hereinafter called the Obligee, in the sum of Five Percent of Amount Eid------ -Dollars ($ 5%), for the payment of which sum well and truly to be made, the said Principal and the said Surety, bind ourselves. our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. WHEREAS, the Principal has sstlbmittedabid flor Old Dixie Highway Resurfacing from IRFWCD Norti Re ie ana to 71 Street, Bid #2014044 (Hen insert full name, address and description of project) NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a Contract with the Obligee in accordance with the terms of such bid and give such bond or bonds as may be specified in the bidding or Contract Documents with good and sufficient surety for the faithful performance of such Contract and for the prompt payment of labor and material fiunished in the prosecution thereof, or in the event of the failure of the Principal to enter such Contract and give such bond or bonds, if the Principal shall pay to the Obligee the difference not to exceed the penalty hereof between the amount specified in said bid and such larger amount for which the Obligee may in good faith contract with another party to perform the Work covered by said bid then this obligation shall be null and void, otherwise to remain in itll force and effect Signed and sealed this 13 day of Augu s t (Witness) 2014 Timoth ( ncip 1) _Co tracting, Inco (T•fie)Timothy Rose President (De lope Surety and Indemnity Company S eiy) (Seal) (Witness) r (Title)Robert Barra Attorney In Fact AIA DOCUMENT A310 SID BOND AIA ® FEI3RUARY 1970 ED THE AMERICAN INSTITUTE OF ARCI4ITF.C(S, 1735 N.Y. AVE_, N.W. WASHINGTON. D.C. 20006 WARNING: Unlicensed photocopying violates U.S. copyright laws and is subject to legal prosecution. 1