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BK : 2145 PG : 2458 <br /> Public Work F . S . Chapter 255. 05 Bond No. 3373362 <br /> (1 ) (a) Cover Page forms and Executed in 2 Counterparts <br /> becomes a part of this bond. SECTION 00610 <br /> PERFORMANCE BOND <br /> KNOW ALL MEN BY THESE PRESENTS: <br /> BY THIS BOND, we Derrico Construction Corporation as Principal , and <br /> Great American Insurance Company , a corporation , as <br /> Surety, are held and firmly bound unto the County of Indian River, Florida, in the sum of <br /> Dollars($ 320, 863. 75 ) , amounting to 125% of the total bid price. For the payment <br /> of said sum we bind ourselves, our heirs , executors, administrators and assigns, joint and <br /> se ally, for the faithful performance of a certain written Contract, dated the 6 day of <br /> A h , �, entered into between the Principal and the County of Indian <br /> River, for: <br /> Project Name : Hobart Industrial Park Water Main Extension <br /> County Project Bid Number: 2007036 <br /> UCP Number: 2387 <br /> Project Location : 77th Street just West of Old Dixie Highway, Indian River County, FL <br /> Project Description: <br /> PROJECT DESCRIPTION IS NOT INCLUDED AT THIS TIME <br /> A copy of said Contract is incorporated herein by reference and is made a part hereof as if fully <br /> copied herein. <br /> NOW, THEREFORE, THE CONDITIONS OF THIS OBLIGATION ARE SUCH, that if the <br /> Principal shall in all respects perform the Contract and its obligations thereunder, at the times <br /> and in the manner prescribed in the Contract; perform the guarantee of all work and materials <br /> furnished under the Contract for the time specified in the Contract; and pay Indian River County <br /> all losses, damages, expenses, costs , and attorney's fees, including appellate proceedings, as <br /> set forth in the Contract, that Owner sustains because of a default by Principal under the <br /> Contract, then this obligation shall be null and void ; otherwise the Principal and Surety, jointly <br /> and severally , agree too pay Indian River County any difference between the sum that Indian <br /> River County may be obliged to pay for the completion of said Work, by contract or otherwise. <br /> AND, the said Surety, for value received, hereby stipulates and agrees that no change, <br /> extension of time, alteration or addition to the terms of the Contract or to the work to be <br /> performed thereunder, or the Specifications or Drawings accompanying the same, shall in any <br /> way affect its obligations on this Bond, and it does hereby waive notice of any such change, <br /> extension of time, alteration or addition to the terms of the Contract or to the Work. <br /> 044572015 <br /> 00610 - 1 <br /> ATRUE COPY <br /> CERTIFICATION ON LAST PAGE <br /> J . K. BARTON, CLERK <br />