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• CA C] a ul11419U .IU 25. FAX 3052400481 ARAZOZA31i4THERS V107 INDIAN RIVER cyaE1NTY WABASSO CAUSEWAY PARK BEAUTIFICATiON PROJECT COUNTY PROJECT NO. 9623 Ppb N--T-MNQ KNOW ALL MEN BY THESE PRESENTS: That we_ Arazoza Brothers Corporation as Principal, and Ohio Casualty Insurance Company as Surety, are held and fffrp� hoHnd iUn thed : aunt - of Indian River in the sum eaf Twn un r63 sixty three T iousan ur un aa� eve --92/100 E.3ollars ($ 253,407.9j'•$rmounting to 100% of the total bid price, for the payment of said sum we bind ourselves, our heirs, executors, administrators and assigns, jointly and severally, for the faithful Performance of a certain written contract, dated the „� day, 1 e-1, entered into between the Principal and the County of Indian River, Florida,fer; taabasso Causeway park Beautification Project IRC #9034 A copy of said Contract is incorporated herein by reference and is made a part hereof as if fully copied herein. NOW, THEREFORE, THE CONDITIONS OF THIS 013LIC-ATION ARE SUCH, that, if the Principal shall promptly make payments to all claimants, as herein below defined, then this obligation shall be void, otherwise, this Bond shall remain in full force and effect. subject to thA fnllnwln ; towns and = n� ror sss. A. A claimant is defined as any person applying tate Principal with labor, material and supplies, used directly or indirectly by the said Principal or any subcontractor in the prosecution of the work provided for in said Contract, and is further defined in Section 713.01 of the Florida Statutes. ® B. The provisions of Section 255.05 Florida Statute shall apply. The above named Principal and Surety hereby Jointly and severally agree with the County Indian River of that every claimant as herein defined, who has not been paid in full before the expiration of a period of ninety (90) days after performance of the labor or after complete delivery of materials and supplies by such claimant, may sue on this Bond for the use of such claimant, prosecute the suit to final judgement for such sums or sums as may be justly due claimant, and have execution thereon. The County shall not be liable for the payment of any costs or expenses of any such suit, No suit or action shall be commenced hereunder by any claimant_ v 1. Unless claimant, other than one having a direct contract with the Principal, shall within forty-five (45) days after beginning to furnish labor, rV materials or supplies for the prosecution of the work, furnish the Principal and Surety with a notice that he intens;, to Cil look to this bond for protection." 2- Unless rlarmant, or other than one having a direct contract with the Principal, shall within '® ninety (90) days after such claimant's performance of the labor or complete delivery of P - materials and supplies, deliver to the Principal and Surety written notice of the perfarmanQe of Such la'b7[ or delivery of such material and supplies and the nonpayment Ul Cil therefore. Payment sand