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3. After the expiration of one (i) year from the performance of the tabor or completion of delivery of the materials and supplies; it being understood, however, that if any limitation embodied in this Bond is prohibited by any law controlling the construction hereof such limitations shall be deemed to be amended so as to be equal to the minimum period of limitation permitted by such law. A. Other than in a state court of competent jurisdiction in and for Indian River County, Florida, or in the United States District Court for the Southern District of Florida, and not elsewhere. The Principal and the Surety jointly and severally, shall repay the County of Indian Inver any ' sum which it may be compelled to pay because of any lien for labor or materials furnished for any work included In or provided by said Contract. The Surety, for value received, hereby stipulates and agrees that no charge, extension of time. alteration of or addition to the terms of the Contract or to the work to be performed thereunder or to the Specifcations applicable thereto shalt in any way affect its obligations on this Bond, and the Surety hereby waives notice of any such change, extension of time, alterations of or addition to the terms of the Contract, or to the work or to the Specifications. The Surety represents and warrants to the County of Indian River that they have a Best's Key Rating Guide, General Policyholder's rating of "A" and Financial Size Category of Class "X". The said Principal and Surety jointly and severally covenant and agree that this Bond will remain in full force and effect for a period of one year commencing on the date of Substantial Completion as established on the Certificate of Substantial Completion as issued by the County of Indian River. IN WITNESS WHEREOF, the above bounded parties executed this instrument tinder their Several Seals, this _clay of 2000. A.D., the name and corporate seal each corporate party being hereto affixed and these presents duly signed by its undersigned representative, pursuant to authority of its governing body. :iprHEN THE IS AN 1NDt] DUAL: Signed, sealed and delivered In the presence of: :1 Witness Address Witness Address Signature of Individual Printed Name of Individual PAY MM%"r'80M)