Laserfiche WebLink
PM <br />r <br />1 PERFORMANCE BOND <br />1 <br />f KNOW ALL MEN BY THESE PRESENTS: that <br />Ias <br />Principal (hereinafter ,;ailed Contractor) and, <br />as Surety (hereinafter called Surety) <br />are held and firmly bound unto as Obligee <br />(hereinafter called Obligee) in the amount of <br />Dollars ($ ), for the payment <br />whereof Contractor and Surety bind themselves, their heirs, executors, admin- <br />istrators, successors and assigns, jointly and severally, firmly by these <br />presents. <br />WHEREAS, ( ,itractor has by written agreement dated <br />19_, enterpd into a contract with the Obligee for construction of _ <br />in accordance with Drawings <br />and Specifications prepared by which <br />contract ^y reference made a part hereof, and is hereinafter referred to as <br />the Contract. <br />NOW, THEREFORE, THE. CONDITION OF THIS OBLIGATION is such that, if Contrac- <br />tor shall promptly and faithfully perform said Contract in conformance with <br />the Contract Documents, and all guaranty, indemnity and warranty obligations <br />specified therein, and shall promptly and faithfully remedy any breach of its <br />obligations under the Contract Documents discovered within the time limits set <br />by statute for commencement of actions, and shall pay any damages for unex- <br />cused late completion, then this obligation shall he null and void; otherwise <br />it shall remain in full force and effect. <br />The Surety hereby waives notice of any altersti-n, changes or extension of <br />time made by the Obligee. <br />Wheneve% the Contractor sha:l be, and aeclared by the Obligee to be in do= <br />fault under the Contract, the Surety may promptly remedy the default, +r small <br />promptly: <br />(1) Lomplete the Contract in accordance with its tecas and eonditi • , <br />if appropriate, <br />3595a 47 - <br />4/61 <br />