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BK: 3140 PG: 159 <br />PUBLIC CONSTRUCTION BOND <br />Bond No. 015203955 <br />(enter bond number) <br />BY THIS BOND, We Community Asphalt Corp. , as Principal and Liberty <br />Mutual Insurance Comaany , a corporation, as Surety, are bound to Indian River County <br />, herein called Owner, in the sum of $1,916,316.97 , 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 July 17 , 2018 , between Principal and Owner for <br />construction of CR 512 Resurfacing s Shoulder Widening from Myrtle Street to 125th Avenue, 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,,""g' <br />Any changes in or under the contract documents and compliance or noncolli nt ""'' ► <br />with any formalities connected with the contract or the changes does not affe S,-..: s <br />obligation under this bond. <br />DATED ON July 26, 2018 Com ni halt <br />ame of Pr ' ci' ��at ' .t <br />B ;"..., <br />(A Attorney in" 6ct1- -APne P '}y: <br />Liberty Mutual Insurancd;QDm 'arty.- <br />(Name of SUretwY,' <br />00610-3 <br />00610 - Public Construction Bond <br />F:\Public Works\ENGINEERING DIVISION PROJECTS\1305-CR 512 Resurf (SCOP)_Myrtle St to 125th SAAdmim\bid <br />documents\Master Contract Documents\00610 - Public Construction Bond.doc <br />A TRUE COPY <br />CERTIFICATION ON LAST PAGE <br />J.R. SMITH, CLERK <br />