Laserfiche WebLink
PERFORMANCE BOND BOND 16308832 <br /> NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION is such that, if Contractor shall promptly and faithfully perform said <br /> Contract, then this obligation shall be null and void; otherwise it shall remain in full force and effect. <br /> The Surety hereby waives notice of any alteration or contract or contracts of completion arranged under this <br /> paragraph) <br /> extension of time made by the Owner. sufficient funds to pay the cost of completion less the balance of the <br /> contract price ; but not exceeding, including other costs and damages <br /> Whenever Contractor shall be, and declared by Owner to be for which the Surety may be liable hereunder, the amount set forth <br /> in default under the Contract, the Owner having performed in the first paragraph hereof. The term "balance <br /> of the contract <br /> Owner's obligations thereunder, the Surety may promptly remedy price, " as used in this paragraph, shall mean the <br /> total amount <br /> the default, or shall promptly payable by Owner to Contractor under the Contract and any <br /> amendments thereto, less the amount properly paid by Owner to <br /> 1 ) Complete the Contract in accordance with its terms and Contractor. <br /> conditions, or <br /> 2) Obtain a bid or bids for completing the Contract in accordance <br /> Sure of Any suit under this bond must be instituted before the <br /> with its teens and conditions, and upon determination b on expiration of two ( al years from the date on which final payment <br /> the lowest responsible bidder, or, if the Owner elects, upon under the Contract falls due. <br /> determination by the Owner and the Surety jointly of the lowest <br /> responsible bidder, arrange for a contract between such bidder and <br /> No right of action shall accrue on this bond to or for the use of <br /> Owner, and make available as Work progresses (even though there any y person or corporation other than the Owner named herein or the <br /> should be a default or a succession of defaults under the heirs , executors , administrators or successors of <br />the Owner. <br /> Signed and sealed this 4TH day of NOVEMBER 2004 <br /> y, <br /> JOHNSON CONTROLS , INC . (Seal) <br /> (Witness) <br /> (Principal) <br /> 4 <br /> SUSAN TRIBBLE ; ATTORNEY- IN - FACT (Title) <br /> SAFECO INSURANCE COMPANY OF AMERICA <br /> Seal <br /> (Witness) <br /> {( (Surety ) <br /> 2z� <br /> TRACY K. HEWS , ATTO NEY- IN - FACT (Title) <br /> 1219/SAEF 5/98 <br /> Page 2 of 2 <br />