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<br />PERFORMANCE BOND
<br />KNOW All MEN BY THESE PRESENTS that - as Principal,` hereinafter
<br />called CONTRACTOR, and as surety, hereinafter called ,
<br />Surety, are held and firmly bound unto INDIAN RIVER COUNTY, Florida, as Obligee, herein
<br />i after called OWNER, in the amount of Dollars ($ ), for
<br />the payment whereof CONTRACTOR and Surety bind themselves,. their heirs, executors,
<br />administrators, successors and assigns, jointly and severally, firmly by these presents.
<br />-'�ti' WHEREAS, -the CONTRACTOR has by written agreement, date ,19 , entered into a
<br />t": c contract with OWNER .for -.
<br />� in accordance the specifications
<br />p �, preparedlby.the.OWNER,,hereinafter called the Contract.
<br />. , NOW THEREFORE, THE CONDITION OF THIS OBLIGATIOn is such, that if the
<br />principal:
<br />► 1. ''Faithfully performs the contract at the times and in the manner prescribed in the'Contract;
<br />and -
<br />2. Promptly makes payments to all ;persons, including claimants as defined in Section
<br />255:05(1), Florida Statutes, supplying labor, materials And, equipment used directly or indirectly by
<br />..,the said CONTRACTOR, CONTRACTORS, SUBCONTRACTOR or SUBCONTRACTORS in
<br />> the prosecution of the work provided for; in the contract; and
<br />:3:.-Satisfies all claims and demands incurred for the same and full indemnifies and saves"'.
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<br />ha`rmless° the OWNER from' all ,losses, damages, expenses, costs and attorney's fees, including -
<br />appellate proceedings, which the OWNER suffers by reason of failure to do so and fully
<br />reimburses and repays the OWNER all outlay and expense which the OWNER may incur in `
<br />F 'making good any such defect; and
<br />4.L Performs the,guararitee of all wo :k and materials furnished under the contract for the 'time,
<br />specified in the Contract, then this obligation shall be null and void; otherwise it shall remain in°
<br />full force and effect.' ;
<br />z And provided that any alterations which may be made in the terms of the Contract or in the
<br />work to be done under it, or the giving by the OWNER of any 'extension of :time for the -
<br />performance of the Contract, or any other forbearance on
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