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BK : 1764 PG : 1858 <br /> 532246P <br /> SECTION 00612 - Payment Bond <br /> KNOW ALL MEN BY THESE PRESENTS: <br /> BY THIS BOND, we Timothy Rose Contracting , Inc . as Principal, and D e v e 1 o p e <br /> a corporation, as Surety, are held and firmly bound unto the County of Indian River, Floriddaa ii u r e t y & <br /> thesumofOnehundredEightvThree Thousand Fortysix 96 / 10tboliars Td emnity Cc <br /> . ($ 18 3 e O 4 6 . 9 6 1, amounting to 1000/6 of the total bid price . For the <br /> payment of said sum we bind ourselves, our heirs, executors, administrators and assigns , <br /> jointly and severally, for the faithful performance of a certain written Contract, dated the ' <br /> ' day of 20A, entered into between the Principal and the County <br /> of Indian River, for. <br /> eivnlc� Name . ;'IDisc_ha�ge :outlet and Rip RaR: Spillway.{Mat. North County JR/0 Project <br /> QhaSe "II ' <br /> Yr'CgLin F�. N m rUCP 2Q08 <br /> „ 4 ba , <br /> tot ` FYt�eVl; Reger Can I , outtr: f` - S YGo f ` <br /> ,L I'" Cd `i�alanPProx►rriatety�?�lldrtal�e ' tk � ' � eac ��wi!+$�2 <br /> (ricks ;. 6. ALM <br /> Project Defcrip6on Install :fabric ;foirnef! concrete`rip ;�ap erosioi: ptoteation `atld ' 1670 <br /> ' tlis'cha(ge_plping: <br /> A copy of said Contract is incorporated herein by reference and is made a part hereof as if fcMy <br /> copied herein. <br /> NOW , THEREFORE, THE CONDITIONS OF THIS OBLIGATION ARE SUCH , that, if 4he- <br /> Principal shall promptly make payments to ad claimants, as herein below defined , then this <br /> obligadw ,shall be void; otherwise, this Bond shall remain in full force and effect, subject to the <br /> ' following terms and conditions: <br /> 1 . A claimant is defined as any person supplying the Principal with labor, matenal <br /> supplies, used directly or indirectly by the Principal M any. subcontractor in the <br /> prosecution of the Work provided for in said Contract, and is further definecHn <br /> ' Section 713.01 of the Florida Statutes. <br /> B. The provisions of Section 255.05 Florida Statute shall apply. <br /> ' The above named Principal and Surety hereby jointly and severally agree with the County <br /> Indian River that every claimant as herein defined , who has not been paid In full before the <br /> expiration of a period of ninety (90) days after performance of the, labor or after complete ' <br /> delivery of materials and supplies by such claimant, may sue on this Bond for the use of sucF <br /> claimant, prosecute the suit to final judgment for such sums or sums as may be justly due <br /> claimant, and have execution thereon , The County of Indian River shall not be liable for the <br /> payment of any costs or expenses of any such suit. No suit or action shall be commenced <br /> hereunder by any claimant: <br /> 1 . Unless claimant, other than one having a direct contract with the Principal, shall within forty- <br /> fire (45) days after beginning to furnish labor, materials or supplies for the prosecution <br /> of the work, furnish the Principal and Surety with a notice that he intends to look to this <br /> Bond for protection. <br /> ' 2. Unless claimant, other than one having a direct contract with the Principal, shall within <br /> 00812 - Payment eon d.doc <br /> 00612 - 1 <br /> /:OMMRHYJTal1Y1 CTIGIKMAWO%WTP . NOM ROW RO ON,M W Discrww • UCPMOVAW OOCUYCNTS NPN coMy 0l"0 oOcumaNTSOW12 - pWr+ <br /> Owd.W. a" owl <br /> A TRUE COPY <br /> ' CERTIFICATION ON LAST PAGE <br /> J K . BARTON , CLERK <br />