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Bond : 534420P
<br /> SECTION 00610 - Performance Bond
<br /> KNOW ALL MEN BY THESE PRESENTS:
<br /> BYTHISBOND, We Timothy Rose Contracting , Inc .
<br /> Principal, and Deve opers Surety and Indemnity Company as
<br /> a corporation, as surety, are held and firmly bound unto the County of Indian River, Florida, in
<br /> the sum ofForty Six Thousand Seven Hundred Sixteen Dollars
<br /> ($ 4 6 . 716 . 00 ), amounting to 100 of Etre total bid price. For the payment of said sum
<br /> we bind ourselves , our heirs, executors, administrators and assigns, jointly and severally, for
<br /> the faithful performance of a certain Written Contract, dated the 20 day of
<br /> Ale v &W 'L� 200 entered into between the Principal and the County of Indian River, for,
<br /> Project Name; Meadowlark Woods Subdivision Water Assessment Project
<br /> County Project Number; UCP-2324
<br /> Project Address: 61 st Avenue north of 41 "4 Street
<br /> Project Description: Residenkial Water Distribution
<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 comply with the terms and conditions of said Contract and its
<br /> obligations hereunder, including all of the Contract Documents therein referred to and made a
<br /> part thereof, and such alterations as may, be made in the Contract Drawings and Specifications
<br /> as therein provided for, and shall indemnify and save harmless the County of Indian River as
<br /> set forth in the Contract and In the performance of the work under the Contract, and further, if
<br /> the Principal shall promptly make payments to all who supply him with labor and/or materials
<br /> used directly or indirectly by the Principal ;in the prosecution of the Work provided for in said
<br /> Contract, then this obligation shall be null and void; otherwise, the Principal and Surety, jointly
<br /> and severally, agree to pay the County of Indian River any difference between the sum that the
<br /> County of Indian River may be obliged to pay for the completion of said Work, by contract or
<br /> otherwise, and any damages, whether direct, indirect, or consequential , including reasonable
<br /> attorney's fees (including appellate proceedings) and Liquidated Damages, which the County of
<br /> Indian River may incur as a result of the failure of the Principal to properly execute all of the
<br /> Provisions of the Contract.
<br /> AND , the said Principal and Surety hereby further bind themselves, their successors , executors ,
<br /> administrators and assigns, jointly and severally, that they will amply and fully protect the
<br /> County of Indian River against, and will pay any and all amounts, damages, costs and
<br /> judgments which may be recovered against or which the County of Indian River may be called
<br /> upon to pay to any person or corporation by reason of any damage arising from the
<br /> performance of the said work, repair or maintenance thereof, or the manner of doing the same ,
<br /> or his agents or his servants, or the infringements of any patent rights by reason of the use of
<br /> any material furnished or work done, as aforesaid 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 hereunder, 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 terns of the Contract or to the Work or to the
<br /> Specifications or Drawings .
<br /> F�W00610 . 1 00810 • Performance Bond.doc
<br /> f'&Wfty\ RmulILrrY k X RW. tNING1P,pfegg . Vfl6lAYnl PrgenswEAOOWURK WOOnR PETITION WATER N(p r2n4W 0 DOCUMENTS I - Ual TMa One MJa -
<br /> �arurtanee &„wl.,geRev. D.JI" 11
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