2003-118A.1 - Laserfiche WebLink

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' void ; otherwise , this Bond shall remain in full force and effect , subject to the following terms and conditions : ' 1 . A claimant, as defined in Florida Statutes Section 255 . 05 ( 1 ) 9 supplying Principal with labor, materials , or supplies , used directly or indirectly by Principal in the prosecution of the Work provided for in the Contract. ' 2 . Florida Statutes Section 255 . 05 (2002) , as amended from time to time , together with all notice and time provisions contained therein , is incorporated herein in its entirety ' by this reference . The Surety, for value received , hereby stipulates and agrees that no charge , extension of time , alteration of or addition to the terms of the Contract or to the work to be performed thereunder or to the Specifications applicable thereto , shall in any way affect its obligations on this Bond , and the Surety hereby waives notice of any such change , extension of time , alterations of or addition to the terms of the Contract, or to the Work or to the Specifications . ' The Surety represents and warrants to the County of Indian River that it has a Best's Key Rating Guide , General Policyholder's rating of "A7' and Financial Size Category of Class "X" . ' The Principal and Surety jointly and severally covenant and agree that this Bond will remain in full force and effect for a period of one year commencing on the date of Final Completion as established on the Certificate of Final Completion as issued by the County of Indian River. The Principal and Surety jointly and severally, agree to pay the County of Indian River all losses , damages , expenses , costs , and attorneys fees , including appellate proceedings , that the County of ' Indian River sustains because of a default by the Principal under the Contract. IN WITNESS WHEREOF , the above bound parties executed this instrument under their several ' seals , this day of , 20_, the name and corporate seal of each corporate party being hereto affixed and these presents duly signed by its undersigned representative , pursuant to authority of its governing body. WHEN THE PRINCIPAL IS AN INDIVIDUAL : ' Signed , sealed , and delivered in the presence of Witness Signature of Individual Address Printed Name of Individual Witness Address ' 5/04/01 PAYMENT BOND 00612-2 FAPublic Works\KeithM\Storrs ester Projects\Gifford East\Construction Contract\Bidding & Contract Documents\Bidding & Contract Documents\00612 - Payment Bond .doc