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<br />01/14/99 1f!25 PAX 3052400481 ARA2aZAAROTHERS 10003
<br />INDIAN RIVER COUNTY, FLORIDA
<br />WABASSO
<br />CAUSEWAY PARI{
<br />13EAUi7FlCATION PROJECT
<br />1 IN 'THE RECORDS Or COUNTY PROJECT NO. 9623
<br />JEFFREY K. BAR70N
<br />1 CLERK CIRCUIT COUNT
<br />INDIAN RIVER CCI„ FLA. PEREORMANCE RON
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<br />KNOW ALL MEN BY THESE PRESENTS:
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<br />That we Arazoza Brothers Corporation as Principal, and
<br />Ohio Casualty insurance Corlp ny as Surety, are held and firmly bound
<br />unto the Couniy of Indian River in the stem ofnlo Hundred SitityiThryS}}r����r�d rQur I �dt �d
<br />9�! o�lars
<br />--an -aeon
<br />($ 263, 407.94 amounting to 125% Of the total bid prig, for the payment of said sum we bind
<br />ourselves, our heirs, executors, administrators and assigns, joirilly and severally, for the faithful
<br />Performance of a certain written contract, ruled the oto– , 19`lentered into
<br />between the Principal and the County of Indian River, Florida, fo6 wabasso causeway Park
<br />Reuatification Project IRC: #9034
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<br />A copy of said Contract is incorporated herein by reference and is made a part hereof as
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<br />if fully copied herein.
<br />NOW, THERRZEFORE, THL CONDITIONS OF THiS OBLIGATION ARE SUCH, that if the
<br />Principal shall in all respects comply With the terms and conditions of said Contract and his
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<br />obligations thereunder, including all of the Contract Documents (that include the Advertisement
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<br />for or Bids, Instructions to Bidders, Proposal, Bid Bond, Contract, Performance Bond,
<br />Specifications, Addenda and Drawings), therein referred to and made a part thereof, and such
<br />alterations as may be made in said Drawings and Specifications as therein provided for, and shall
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<br />indemnify and save harmless the County of Indian River against and from all expenses, damages,
<br />ingury
<br />or conduct, want of care of skill, negligence or default, including patent Infringement on the
<br />part of said Principal, his agents or employees, in the execution or performance of said Contract,
<br />including errors in the Drawings furnished by said Principall, and further, if the Principal shcil
<br />promptly make payments to all who supply him, with labor andlor
<br />materials, used directly or
<br />indirectly
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<br />by the Principal in the prosecution of the work provided for in said Contract, then this
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<br />obiig,�,-tion shall be null and void; otherwise, the Principal and Surety, jointly and severally, agree
<br />to the
<br />pay County of Indian Rarer any diffsranre between the sum that the County of Indian River
<br />may be obliged to pay for the completion of said work, by Contract or otherwise, and any
<br />d"pG wf? !he' ui iuiru, w. %oi,3i yui:riiiai, which the County OT Indian River may recur
<br />as a result of the failure of the said Principal to properly execute all of the provisions of said
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<br />contract.
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<br />AND, the said Principal and Surety hereby further bind themselves, their successors,
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<br />executors, administraturs and assigns, jointly and severally, that they will amply and fully protect
<br />the County of Indian River against, and will pay any and all amounts, damages, costs and
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<br />judgments which may be racovered against or which the Owner may be called upon to pay to any
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