Laserfiche WebLink
r <br /> Unless claimant, other than one having direct contract with the Principal, shall within forty-five (45) days <br /> after beginning to furnish labor, materials or supplies for the prosecution of the work, furnish the <br /> r Principal and Surety with a notice that he intends to look to this Bond for protection. <br /> Unless claimant, other than one having direct contract with the Principal, shall within ninety (90) days <br /> r after such claimant' s performance of the labor or complete delivery of materials or supplies; deliver to the <br /> Principal and Surety written notice of the performance of such labor or delivery of such materials or <br /> supplies and the nonpayment therefore. <br /> r <br /> After the expiration of one ( 1 ) year from the performance of the labor or completion of delivery of the <br /> materials or supplies; it being understood, however, that if any limitation embodied in this Bond is <br /> r prohibited by any law controlling the construction hereof, such limitations shall be deemed to be <br /> amended, so as to be equal to the minimum period of limitation permitted by such law. <br /> r . <br /> Other then in a state court of competent jurisdiction in and for Indian River County, Florida, or in the <br /> United States District Court for the Southern District of Florida, and not elsewhere . <br /> r <br /> The Surety, for value received, hereby stipulates and agrees that no charge, extension of time, alteration of <br /> or addition to the terms of the- Contract or to the work to be performed thereunder or to the Specifications <br /> r applicable thereto, shall in any way affect its obligations on this Bond, and the Surety hereby waives <br /> notice of any such change, extension of time, alterations of or addition to the terms of the Contract, or to <br /> do the work or to the Specifications. <br /> r <br /> The Surety represents and warrants to the County of Indian River that it has a Best' s Key Rating Guide, <br /> General Policyholder' s rating of "A ' and Financial Size Category of Class "X". <br /> r <br /> The Principal and Surety jointly and severally covenant and agree that this Bond will remain in full force <br /> and effect for a period of one ( 1 ) year commencing on the date of Final Completion as established on the <br /> r Certificate of Final Completion as issued by the County of Indian River. <br /> The Principal and Surety jointly and severally, agree to pay the County of Indian River all losses, <br /> r damages, expenses, costs, and attorney' s fees, including appellate proceedings that the County of Indian <br /> River sustains because of a default by the Principal under the Contract. <br /> +� In Witness Wher of, the above bound parties executed this instrument under their several seals, this _ <br /> I day of „ ar . . . 20-0-t the name and corporate seal of each <br /> corporate parry being hereth affixed and these presents duly signed by its undersigned representative, <br /> r pursuant to authority of its governing body. <br /> r <br /> r <br /> r <br /> r <br /> Page 36 of 40 <br /> r <br />