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AND the Surety shall issue a consent of payment to each of the Principal 's pay requests . <br /> ' AND , in the event of a default by the Principal , the Surety consents that the Principal shall not be <br /> allowed to perform further work on the Project. <br /> AND , the Surety agrees that it is responsible for all delay damages resulting from the Principal 's <br /> performance on the Contract . <br /> ' IN WITNESS WHEREOF , the above bound parties executed this instrument under their several <br /> seals , this day of , 20_, the name and corporate seal of each <br /> corporate party being hereto affixed and these presents duly signed by its undersigned <br /> ' representative, pursuant to authorityof its governing body. <br /> WHEN THE PRINCIPAL IS AN INDIVIDUAL : <br /> Signed , sealed , and delivered in the presence of <br /> Witness <br /> Signature of Individual <br /> ' Address Printed Namef <br /> o Individual <br /> ' Witness <br /> Address <br /> ' [The remainder of this page was left blank intentionally] <br /> 4/ 11 /03 PERFORMANCE BOND — ADDENDUM #1 00610-3 <br /> F:\Public Works\KeithM\Stormmter Projects\Gifford East\Construction Contract\Bidding & Contract Documents\Bidding & Contract <br /> Documents\00610 - Performance Bond - ADDENDUM #1 .doc <br />