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Bid No. 2018045/IRC-1502 <br />PUBLIC CONSTRUCTION BOND <br />Bond No. 2269621 <br />(enter bond number) <br />BY'THlS BOND, WeiUPancih's Tractor Service, Inc. North American Specialty <br />, as Principal and Insurance Company, NH a <br />corporation, as Surety, are bound to Indian River County * , herein. called Owner, in the Sum of One Hundred Fifty -One Thousand <br />a 151,016.30 for payment of which we bind ourselves Dist heirs Sixteen Dollars and Thirty Cents <br />, <br />, personal representatives, successors and <br />assigns, jointly and severally. *Board of County Commissioners <br />THE CONDITION OF THIS BOND is that if Principal: <br />1. Performs the contract dated May 1, 2018 between Principal and Owner for construction of (CR510) 85th Street Right <br />Turn Lane Extension at 66th Avenue the contract being made a part of this bond by reference, at the times and in <br />the manner prescribed in the contract; and <br />2. Promptly makes payments to all claimants, as defined in Section 255.05(1), Florida Statutes, supplying <br />Principal with labor, material's, or supplies, used directly or indirectly by Principal in the prosecution of the work <br />provided for in the contract; and <br />3. Pays Owner all losses, damages, expenses, costs, and attorney's fees, including appellate proceedings, that <br />Owner sustains because of a default by Principal under the contract; and <br />4. Performs the guarantee of all work and materials furnished under the contract for the time specified in the <br />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 with the notice and time <br />limitation provisions in Section 255.05(2), Florida Statutes. <br />Any changes in or under the contract documents and compliance or noncompliance with any formalities <br />connected with the contract or the changes does not affect Surety's obligation under this b,4d. <br />DATED ON May 4, 2018 <br />,`jjIIIIIf#,,I, <br />PCTOR sF�' <br />SEr --, <br />19914 .P <br />0,,`��� <br />x71 � <br />�� <br />Tractor Service, <br />By <br />Noeth American Specialty Insurance Company <br />(Name of Surety) <br />