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BK : 2211 PG : 108 Bond No . F19681 PAYMENT BOND Know all men by these presents: ByBon we Statmerlin ' s Marine Constrctiion , LLC, 200 Naco Road #C, Ft. Pierce , FL 349462 ( /72464 090 (Insert name, principal business address, and telephone number ofPrincipal/Coutrsctor) 8� Principal (Contractor) and ACSTAR Insurance Company , 233 Main Street , New Britain , Cr 06050 ( 860 ) 224-2000 (Insert name, principal business, and telephone number of Surety) a corporation, as Surety, are held and firmly bound unto the County of Indian River, Florida, 1840 251h Street, Vero Beach, Florida 32960, (772) 567-8000), in the sum of TwoHundred Fifty Six Three Hundred Fifty and Zero Cents Dollars ($ 256 , 350 . 00 ) (Written Amount) (Numeric Amount) amounting to 100% of the total bid price. For payment of said sum we bind ourselves, our heirs, executors, administrations and assigns, jointly and severally, for the faithful performance of a certain written Contract, dated the 4th day of September AP7 entered into between the Principal and the County of Indian River, for: Bond Number: F19681 Project Name: North Sebastian Conservation Area Boardwalks Bid Number: 2007035 Project Address: Project Description: A copy of said Contract is incorporated herein by reference and is made a part hereof as fully copied herein. Now, Therefore, the Conditions of this Obligation are such, that, if the Principal shall promptly make payments to all claimants, as herein below defined, then this obligation shall be void; otherwise, this Bond shall remain in full force and effect, subject to the following terms and conditions : A claimant is defined as any person supplying the Principal with labor, material or supplies, used directly or indirectly by the Principal or any subcontractor in the prosecution of the Work provided for in said Contract, and is further defined in Section 713.01 of the Florida Statutes. The provisions of Section 255.05 Florida Statutes shall apply. The above name Principal and Surety hereby jointly and severally agree with the County of Indian River that every claimant as herein defined, who has not bee paid in hill before the expiration of a period of ninety (90) days after performance of the labor or after complete delivery of materials and supplies by such claimant, may sue on this Bond for the use of such claimant, prosecute the suit to final judgment for such sums or sums as may be justly due claimant, and have execution thereon. The County of Indian River shall not be liable for the payment of any costs or expenses of any such suit. No suit or action shall be commenced hereunder by any claimant: Page 45 of 57 A TRUE COPY CERTIFICATION ON LAST PAGE J.K. BARTON, CLERK