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BK: 1999 PG: 748 <br />>EJEN ;ERS 14C. Fax: 7' -464- 4771 Fen IS 200@. 9:56 P. 10 <br />PAYME V'r Bunt w <br />Know all then by these presents: <br />By Iltis Bond, we <br />(1nsen came, pimcipal business addters, wid telephone ^nu`mWbe�r Mof Priaoi*Cormwtor) <br />:U P7vlcipt,I (`ollrracror) r�Contrdctors_ BDndincl and Insurarice �n� <br />Sen name, t^!n: a.pnI bummers. and relephm,e niunlw esurety) <br />a ::orporarou, as Surrty, are held and firmly kund unto the County of Indian River, Florida, 1840 25d' <br />Street, Vero Beach, Flurida 329607 (7 1 2) 561-801)9), in the sum of Forty -Five Thousand Four <br />Hi.mdrred and no/100-__-- ------------- ; ars (s,45,4_DO.DD ), <br />if wrttm APy,umi 04urnam; Amount) <br />amounting to ) DO% of the total bid p; i^.e. For payment of said sum we bind ourselves, our heirs, <br />P <br />xecutors, administrations and assigns, jointly and severally, for the faithful performance of a certain <br />written Coutract, dated the _ day of 20. entered <br />into between the Principal and the County of Indian River, for: <br />Bond Number:-- M36722 <br />Project Name: �Raising_Elevatien of the Footbrid_M at Rotund Island <br />Bid Number: _^Bid_ # 7057 <br />ProjectAddmss:_ffiidge i:s located on the west side of AIA, 1/4 mile <br />north of Indian Rives/sts Lucie Coturty Lire <br />Pro}ccs Descripnotr �_______� ^._ <br />.A copy of said Cnarraet is im:urpo:ated herein by rofererez and is made a part hereof as fully copied <br />herein. <br />Nov, 'Cher -tore, the Conditions c this Obligation are such, that, if the Principal shall promptly snake <br />payments to all claimants, as herein below defined. tlten this obligation shall be void; otherwise, this Bond <br />shall remain in filll force and effect, subject io the following terms and conditions: <br />A claimant is defined as my pet Sen vppl?j or the P: incipal with labor, material or supplies, used directly <br />or indirectly by the Principal or ariv subcontractor in the prosecution of the work provided for in said <br />Connect, and is"furlher defined in Section 713.01 of the Florida Statutes. <br />The provisions of Section 255.05 Florida Statutes shall apply. <br />'I nu above carne Principal and Sttretc h.:reby:ointly and severally agree with the County of Indian River <br />that cvory claimant as herein &find, who bas not bee paid in full before the expiration of a period of <br />ninety (907 days afler pnr{crrnanre of the labor or after eemplete delivery of materials and supplies by <br />such claimartt, may sue :)n this Fwlaud for the use of s¢ch claimant, prosecute the suit to final judgment for <br />such sums or sums as map *,c jusiy due cYaunant, bid have execution thereon. The County of Indian <br />River shall not be liable for flit payment of any costs or expenses of any such suit. No suit or action shall <br />be commenced hereunder by any claimant. <br />Page 35 of 40 <br />A TRUE COPY <br />CERTIFICATION ON LAST PAGE <br />JX BARTON, CLERK <br />