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#AIA oev.,u:nealiv Bid Bond CONTRACTOR, (iVante, legal status wxl ad(iressl Kerns Construction and Property MRa nt. Corp. 1680 SW Bayshore Blvd., Suite 226 Port St. Lucie. Fl, 34984 SURETY: (Nuntr. le,�ul stc►urs c►ncl p►•inci/xtl plu(.•c• O�•hlrSlllC'S.SJ Lexon Insurance Cor pwq, 12890 Lebanon Road 1111..1ulict,'1'N 37122 OWNER: (Arauc. le"411 status and tuhh. tss) Indian Itiver County Board of'Counly Commissioners IN00 2701 Street Vern Beach. FL 32960 BOND AMOUNT: Bond #LY -9014-131 I�ivc Percent or Bid amount------------- -(S%) or Itid Amount PROJECT: (,\"ante, lrwation nr a(klr•ers, anti I'rojeci mumbo. it rut} i Roseland ('ontcnunity, Center Building be Site Improvements Bid No. 20200-53 Project No. IRC -1855 This document has Important legal consequences- Consultation with an attorney is encouraged with respect to its completion or modification. Any singular reference to Contractor, Surety, Owner or other party shall be considered plural where applicable The Contractor and Surety are bound to the Owner in the amount set forth above, for the payment of which the Contractor and Surety bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, as provided herein. The conditions of this Bond are such that if the Owner accepts the bid of the Contractor within the time specified in the bid documents. or within such time period as may be agreed to by the Owner and Conti -actor. and the Contractor either (1) enters into a contract with the Owner in accordance with the terms of such bid, and gives such bond or bonds as may be specified in the bidding or Contract Documents, with a surety admitted in the jurisdiction of the Project and otherwise acceptable to the Owner, for the faithful performance of such Contract and for the prompt payment of labor and material furnished in the prosecution thereof. or (2) pays to the Owner the difference, not to exceed the amount of this Bond, between the amount specified in said bid and such larger amount for which the Owner may in good faith contract with another party to perform the work covered by said bid, then this obligation shall be nul l and void, otherwise to remain in till force and effect. The Surety hereby waives any notice of an agreement between the Owner and Contactor- to extend the time in which the Owner may accept the bid. Waiver of notice by the Surety shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the time for acceptance of bids specified in the bill documents, and the Owner and Contractor shall obtain the Surety's consent for an extension beyond limy (60) days. Ifthis Bond is issued in connection with a subcontractor's bid to a Contractor. the term Contractor in this Bond shall be deemed to be Subcontractor and the tern Owner shall be deemed to he Contractor. When this Bond has been furnished to comply with a statutory or other legal requirement in the location of the Project. any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herefrom and provisions conforming to such statutory or other legal requirement shall be deemed incorporated herein. When so furnished, the intent is that this Bond shall be construed as a statutory bond and not as a common law bond. Signed and sealed this 19th day of August, 2020. (14 . s1 IWifliesc) Kerns Construction a Property Mgmnt. Corp. (C'nnb•a • s Pr ct (Seap (Ti!lc')4�1 D. Kern ,President Lexon I _ - (Sure! (Serr/I (T/1/e brera, Attorney -In -Fact CAUTION, You should sign an original AIA Contract Document. ort which this text appears its RED An original assures final change:: will not oc obscured. _ Init. AIA Document A310111— 2010 (rev. 1012010). Copyright i-)1963.1970 and 2010 by The American Institute of Architects. All rights reserved. WARNING- this AIA Qncutnent I- Wotecreu lly MS. "Ityrtgnt caw anu tntcrnartonal Trzanes. unauthonzoo rapraducuor or un tituuuun of mt- AIA Document, or ..iv Nornon of It. may result to severe civil and crlronral panalues, ono will hk pro%ccuseU fe tht rna, urrunt t•atonr peS511111e ( unci r tot IJvr Purchasers are permitted to reproduce ten (10) copies of this document when completed. To repos copyright violations of AIA Contract 276 Documents. a-ntait The American Institute of Architects' legal counsel. copynghl(ntaw.org r.r: