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• .. . lu JJ44JJJUJe bbb INC . 0. Paces e2 SECTION 00430 - BI p OND 4 KNOW ALL MEN BY THESE PRESENTS, that we Timothy ROse Contract i nn I810pQR'SNAML') ,r. -t-x► r . as Principal, end _ Developers Surety b Indemnity Company iSUR6,TY'814") a corporation duly organized under the taws of the State of kINA as a Surety with its principal offices in the City of l r v 1 n e , C A and authorized to do business In the State of Florida. are held and firmly bound unto INDIAN RIVER COUNTY (hereinafter celled the OWNER) in the penal sum of Five Percent of Bid Amount _ _.., _ _ Dollars ($_5 x o f _Bid ), lawful money of the United Steles , amounting to 5% of the total bid price, for the payment of which sum well and truly be mode, we bind ourselves, our heirs , executors, administrators, and successors , jointly and severally, firmly by these presents . Whereas said Principal is herewith submitting a Bid dated M� . , 20 PA, for the construction of: Project Name: Discharge Outlet and Rip Rap Spillway Mat North County R / O County Projebt Number 6 0 6 9 P r o t e c t Phase 11 Pr*X1 Adams* Project Description: Discharge Outlet b Rip Rap Spillway NOW WHEREFORE . the condition of the above obligation is such that if the Principal does not 0 P withdraw said Bid within the period of time sat forth In the Bid Documents , and on or beforo the fifMenth day after the Notice of Award , the Principle enters into a written contract with the OWNER in accordance with the Bid as accepted, and if the principal gives the required bonds with good and sufficient sureties for the faithful performance and proper fulfillment of such Contract and for the protection of laborers and suppliers, then this obligation shall be null and void. Otherwise, the Principal and Surety, Jointly and oevorally, shall on or before the sixtieth day atter request by the OWNER , pay to the OWNSR in money, the difference between the amount specified in said Bid and the amount for which the OWNER may procure the required work if the • 'latter amotmt is greater then the former, together with any expense and reasonable attorney less , including appellarte proceedings, incurred by the OWNER if suit is brought harnon , but in no event shall Surety's liability exceed the penal sum hereof plus such expanses and attorney's fee9 . IN WITNESS WHEREOF , the above-bound parties have executed this inatrument under their several seats this 2 6_ day of M e y , 20 0 4 , the name and corporate sear of each corporate party being hereto affixed and these presents duly signed by Its undersigned representative pursuant to authority of Its governing body t/04101 eta BOND 04304 flPkMr, WeHOW001 1 ►1a1x WOW • 43rd Av0AuWo0'NTRA0T OQCUMHd S61d 90nd•d6e • •V - fir.