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BK : 1997 PG : 2207 <br /> INDIAN RIVER COUNTY <br /> POST HURRICANES FRANCES AND JEANNE EMERGENCY BEACH RESTORATION <br /> JOBN•S ISLAND SEGMENT <br /> COUNTY PROJECT # 0540 <br /> PAYMENTBOND <br /> KNOW ALL MEN BY THESE PRESENCES: <br /> That BY THIS BOND, We,* Ran V.0ir Construction Industries Inc. <br /> . BX 4589, Fort tarts, FL 34979 7721464-6460 <br /> as Principal and e* United States Fidelity and Guaranty Company <br /> bW1 bmmm Ave., 88ltlmore, MD 21203- 8 f42.8!34 0M Hu,o-ed Fwty�FNe naw.w <br /> as Surety, are held and firmly bound onto the County of Indian River in the scan of <br /> m,sew* wm.d w wn end 7mlta0 <br /> Dollars (S 11145,718.7 . amounting to 1000A of the total bid price, for due payment of said sum we bind <br /> ourselves, our heirs, cwWors, administrators and assigns, jointly and severally, for the faidM performance <br /> of a certain written contract, dated the day of 2006; entered into between the <br /> Principal and the County of Indian River, Florida, for. <br /> Indian River County POST HURRICANES FRANCES AND JEANNE EMERGENCY BEACH <br /> RESTORATION — JOHN'S ISLAND SEGMENT <br /> County Project # 0540 <br /> A oopy of said Contract is incorporated herein by reference and is made a Part hereof as if fitly copied <br /> herein. <br /> NOW, THEREFORE, THE CONDITIONS OF THIS OBLIGATION ARE SUCH, tllat, if the Principal shall <br /> promptly make payments to all claimants as herein below defined, then this obligation shall be void; <br /> otherwise, this Bond shall remain in fill force and effexx, subject to the following terms and conditions: <br /> A. A cla®aW as defined in Florida Statutes section 255.05 (1) supplying the Principal with <br /> labor, materials, or supplies, used dowdy or indirectly by the Principal in the prosecution of <br /> the work provided for in the CourniM <br /> B. The provisions of Section 255.05 Florida Statutes, together with all notice and time <br /> provisions contained therein, shall apply to this Bond. <br /> This Bond shall retain iq fug Sone and effi ct for a period of one (1) year from the completion of <br /> performance of the labor or completion of delivery of the materials and supplies under the Contract. <br /> No action on this Bond shall be brought other than in a state court of competent jurisdiction in and for Indian <br /> River County, Florida, or in the United States District Court for the Southern District of Florida, and not <br /> elsewhere. <br /> The Principal and the Surety jointly and severally, shall repay the County of Indian River any sum which it <br /> may be compelled to pay because of any lien for labor or materials furnished nished for any work included in or <br /> provided by said Contract <br /> The Surety, for value received, hereby agrees that no change, extension of ting alteration of or addition to <br /> the terms of the Contract or to the work to be performed thereunder or to the Specifications applicable <br /> thereto, or compliance or noncompliance with any formalities connected with the Contract or any changes in <br /> or under die Contract shall in any way affect its obligations on this Bond, and the Sinety hereby waives <br /> notice of any such change, extension of time, alterations of or addition to the terms of the Contract, or to the <br /> work or to the Specifications. <br /> PAYMENT BOND PA-1 <br /> Owner. Indian River County <br /> 1840 25th Street, Vero Beach, FL 32960 772/567-8000 A TRUE COPY <br /> CERTIFICATION ON LAST PAGE <br /> J . K. BARTON, CLERK <br />