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<br />/,,ad by paragraph 4 I given by the Owner to Ilse Can-
<br />A Surety, that Is suMclent corn -',ince,
<br />'�lalmant has satisfied the condlt__ 'af ParnprnpIl 4, Ilrn
<br />,d pran]plly and at ti]e Surety's expense lake lira following
<br />Send an answer to the Claimant, with a copy la the Owner,
<br />eipt Of
<br />e clEllm.
<br />rehundisputed anin 45 days d rthe cbasis (OF tchallengd g staling
<br />ny amountsillhal"Istare
<br />' disputed ,
<br />6.2 pay or arrange for payment of any undisputed amounts,
<br />7 the Surety's total obllgation Shall not exceed the amount of tills
<br />Bond, and the amount orthis Bond shall be credited for any payments
<br />made In good faith by the Surety.
<br />8 Amounts owed by the Owner to the Contractor under the Construc.
<br />Ilan Contract Shall be used for theperformance of the Construction
<br />Contract and la Satisfy Claims, 1f any, under any Construction Perfor-
<br />mance Band. By the Contractor furnishing and the Owner accepting
<br />this Bond, they agree that all funds earned by the Contractor In the
<br />Performance of Ilse Construction Contract rite dedicated to satisfy obli-
<br />galions of the Contractor and the Surcly under this Bond, suhjacl to
<br />the Owner's prderlty to use the funds for [lie completion of Use warp,
<br />g Tile Surety shall not be ilabfa to the Owner, Clallnents or other% for
<br />obligations of the Contractorthat are unrelated to the Cbrishuction
<br />Contract, The Owner shell not bo liable forpeyment of any costs or
<br />expenses of any Claimant under this Bond, and shall have under tills
<br />Bond no obilgatlon to make payments to, give notices on behalf of,
<br />or otherwise have oblfgaUons to Claimants under ]Ills Bond
<br />10 The Surely hereby walves notice of any change, including chanpes
<br />if lime, to the Construction Contract or to rotated subcontracts, pur-
<br />:hase orders and other obligallons.
<br />11 No suit or action shall be commenced by a Claimant under this
<br />Bond other than In a court of competent jurisddctlon in the facrition
<br />r] which the work or part of the work Is located or after Ilia expiration
<br />if one year from the date (1) on which the Claimant gave the nollce
<br />squired by Subparagraph 4.1 OF Clause 4.2.3, or (2) an wlticl] the last
<br />labor or so
<br />rvlce Wes performed by anyone or the fast materials or
<br />qulprnent were Furnished by anyone under the Canstruclfon Con-
<br />-act, Whichever of (t} or (2) first occurs, tr the prrvlsfcns of tills
<br />MODIFICATIONS 7l,.' T.913 "UOUD ARE AS FOLLOWS;
<br />Paragraph are Vold or prohibited by law, the minimum period of limf-
<br />lallon available to Surat'
<br />nlinfl tin npplfcnhle s a defense in the jurisdiction of the suit
<br />12 Notice to the Srirety, Ilse Owner of the Contractor shall be mailed
<br />ar degvered to the address shown on the signalure page Actual
<br />receipt of police by Surely, the Owner or the Contractor, however
<br />accompllehed, shall be sufficient compliance as ar Ills date received
<br />01 the address shown on the signature page.
<br />13 When this Bond has been furnished to comply wilt, a statutory or
<br />other legal requirement In the local( fin where the construction was
<br />to be performed, any provision In this Bond conflicting with said SIatu-
<br />Inry or l . requirement shall be deemed deleted herefrom and
<br />pro"Isions conforming to such statutory or other legal requirement
<br />shall he deernad fncorpamtad herein. The intent Is that this Bond shall
<br />be curoslrued .rs a statutory band and not as a common Paw bond.
<br />14 Upon request by any person or enhly appearing to be a potential
<br />beneficiary of this Bond, lite Contractor shall prcrnptly furnish a copy
<br />of this f_lond at shall permit a copy to be made
<br />t5 6BFtNtTIONS
<br />15.1 Cloirnartl. An Individual at enlily having a direct contract will,
<br />the Cantrnclm OF will] o sultconlractor of ti]e Contraclor to furnish
<br />labor, Materials or equipment for use in the performance of file
<br />Conlracl. The Intent of [Ilia Bond shall be to Include without liml-
<br />tatlon In the terms "labor, mateffats or equipment" that part of
<br />water, gas, power, light, heal, all, gasoflne, telephone service or
<br />Tenial equipnfenl used in (tie Conslructfor] Contract, mchlteclural
<br />rind' engineering services required for performance of tree worts of
<br />II1e Contractor and the Contractor's Subcontractors. and all other
<br />items for which a mechanic's lien may be asserted in the jurisdic-
<br />linn vdiere the tabor, rnalerdals or equipment were furnished.
<br />15.2 Construclfon Contract The agreement between the Owner
<br />and the C..anlraclor Identified on the signature page, Including all
<br />Contract Documents and changes thereto.
<br />15,3 Owner Oa fault; Failure of the Owner, which has neither been
<br />remedied nor waived, to pay the Contractor as required by the Con.
<br />sttuction Contract or to perform and camplele or comply with the
<br />other terms thereof
<br />7 pace 1s provided be tow for adddllonal
<br />sign slures of added
<br />A(j,1 RI: iii giM1►?
<br />YTtftlit ! R�sl(I] 'r •, r., p+
<br />d }
<br />�
<br />CONTRACTOR AS PRINCIPAL
<br />parties, other than Chase ]
<br />r
<br />ppenrdng�ntUip;daldc]ilpii���r]T •r. ,
<br />' •11)'1 1';)�f1r]i* far
<br />mpany:
<br />SVRETY
<br />(Corporate Seal)
<br />: !ir,: r•,
<br />:i VII 'Illi 1.11 .1jin liC)-Ir(OQrRQTp}e Seal)
<br />f\y
<br />Company:
<br />!I
<br />I All -
<br />S4 mitt's:
<br />[dame and Tllle�
<br />Slgnnfure�
<br />TIAll
<br />�.. «.
<br />Adr rvssr
<br />Narno and Till,..
<br />Address;.
<br />Page 2 of 2
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