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PERFORMANCE. BOND <br />w <br />y� <br />KNOW ALL MEN RY THF,SF. PRESENTS: that <br />e • <br />as <br />i <br />Principal (hereinafter called Contractor) and, <br />1 <br />as Surety <br />(hereinafter called Surety) <br />art- held and firmly bound unto <br />as Obligee <br />{ <br />(hereinafter called Obligee) in the <br />amount of <br />Dollars <br />for the payment <br />whereof Contractor and Surety bind <br />themselves, their heirs, executors, admin- <br />istrators, successors and assigns, <br />jointly and <br />severally, firmly by these <br />It <br />presents. <br />1s <br />#s WHEREAS, Contractor has by written agreement dated , <br />04 19—_, entered into a contract with the Obligee for construction of <br />t' in ac:ordance with Drawings <br />and Specifications prepared by which <br />contract is by reference made a part hereof, and is he after referred to as <br />the Contract. <br />f <br />NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION is such that, if Contrac- <br />tor shall promptly and faithfully perform said Contract in conformance <br />with <br />the Contract Documents, and all guaranty, indemnity and warranty obli- <br />dons <br />specified therein, and shall promptly and faithfully remedy any breac <br />its <br />' <br />obligations under the Contract Documents discovered within the time ' <br />4 set <br />�. <br />by statute for commencement of actions, and shall pay any damages t, <br />u nex- <br />cused late completion, then this obligation -hall be null and void; otherwise <br />it shall remain in full force and effect. <br />The Surety hereby waives notice of anv alteration, changes or exten _.in <br />of <br />t <br />time made by t'r Obligee. <br />1� <br />Whenever the Contractor shall be, and declared by the Obligee to be in <br />de- <br />fault under the Contract, the Surety may promptly remedy the default, or <br />shall <br />promptly: <br />/AS - 11501b <br />opyright 19RS <br />Sonestroo, Rosene, An�ierlik <br />4 Associates, Inc. <br />