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• r, • • • GA Bond Number. 400JJ9299 KNOW ALL BY THESE PRESENTS, That we, Sorint Spectrum. L.P. . u principal, and St. Paul Fire and Marine Insurance Companv , as Surety, aro held and firmly bound unto Indian River County a Board of County Commissioners. 1840 25th Street Vero Peach. FL 32960 as Obligee in the sum of Ten Thousand and No/100 (510.000.00) lawful money, to be paid to said Obligee, its successors and assigns, jointly and severally, firmly by these presents. WHEREAS, the above bound Principal has made application with Obligee for a permit to install antennas and transmission lines on an existing tower (3975 85th Street. Vero Beach. FL) and u a condition of this permit Principal has agreed to remove the antennas and transmission lines when and if they are no longer in use or maintained. NOW, THEREFORE, THE CONDITION OF THE ABOVE OBLIGATION IS SUCH,;That if the above named Principal, its successors or assigns, does and shall well and truly observe, perform, fulfill and keep its obligations u set forth in the above mentioned permit, for which a bond must be posted, then the above obligation to be void; otherwise to remain in till) force and effect, This bond is subject, however, to the following conditions: FIRST: That in the event of a default on the part of the Pnncipal, its successors or assigns, a written statement of such default with full details thereof shall be given to Surety promptly, and in any event, within thirty (30) days after the Obligee shall learn of such default, such notice to be delivered personally or by registered mail to Surety at 385 Washington Street, St Paul, Minnesota 55102. SECOND: That no claim, suit of action under this bond by reason of any such default shall be brought against Surety unless asserted or commenced within twelve (12) months after the effective date of any termination or cancellation of this bond. THIRD: That this bond may be terminated or canceled by Surety by ninety ,(90) days prior notice in writing from Surety to Principal and Obligee, such notice to be given by certified mail. Such termination or cancellation shall not effect any liability incurred or accrued under this bond prior to the effective date of such termination or cancellation. The liability of the Surety shall be limited to the amount set forth and is not cumulative. FOURTH: That no right of action shall accrue under this bond to or for the use of any person other than the Obligee, its successors and assigns, and this bond shall not be effective until such time as the Obligee has issued the permit requested by Principal. IN WITNESS WHEREOF, the above bound Princi 9 Su. ty have hereunder set their hands and seals, this 11th day of, Mav , 19 98 Countersignature: Laura Fash, FL Resident Agent X11 '' ST. PAUL FIRE AND MARINE INSURANCE 9. ANY . le, '`i f.'By: Melissa D. Evans, Attorney -in -Fact F1:" • in ILO' :. •1 ori 4l 0, .41