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Exhibit D <br /> FORM OF WARRANTY BOND <br /> (SUBDIVISION <br /> WHEREAS, the City of Redwood City ("City"), County of San Mateo, State of California, and <br /> , (hereinafter designated as "Principal") <br /> have entered into a Subdivision Improvement Agreement dated , 20 <br /> ("Agreement"), the terms and conditions of which are incorporated herein by reference, whereby <br /> Principal agrees to install and complete certain designated public improvements for the following <br /> project: <br /> [project name to be inserted] <br /> WHEREAS, said Principal is required under the terms of said Agreement to provide a warranty <br /> security. <br /> NOW, THEREFORE, we, the Principal and of <br /> organized and existing under the laws of the State of , duly licensed <br /> to transact surety business in the State of California and authorized to execute bonds and <br /> undertaking as sole surety, as Surety, are hereby held and firmly bound unto the City in the amount <br /> of Dollars ($ ), for the payment of which sum well and truly to <br /> be made, we bind ourselves, our heirs, successors, executors and administrators, jointly and <br /> severally, firmly by these presents.. <br /> THE CONDITION OF THIS OBLIGATION IS SUCH THAT, if principal (or its heirs, <br /> executors, administrators, successors, or assigns approved by the City) performs the covenants, <br /> conditions, and obligations of the warranty requirements of Section 13. 1(c) of the Agreement, <br /> including the obligation to indemnify, defend, and hold harmless the City, set forth in Section 17, <br /> then this obligation shall become null and void; otherwise it shall be and remain in full force and <br /> effect. <br /> The Surety's obligation under this bond shall hold good for a period of one (1) year from the date <br /> of the City's acceptance of said work. <br /> The Surety's obligation under this bond shall arise after the City has provided written notice to the <br /> Surety, at the address set forth below, of the Principal's default under the Agreement, and the <br /> Principal's failure to cure the default in accordance with the terms of the Agreement. <br /> The Surety hereby agrees, for value received, that its obligations under this bond shall in no way <br /> be impaired or modified by any modification to the Agreement by the City and the Principal, and <br /> the Surety hereby waives notice of any such modification. <br /> In the event suit is brought upon this bond, the surety shall pay reasonable attorneys' fees and costs <br /> incurred by the prevailing parties in such suit, which fees and costs shall be in addition to the face <br /> amount of the bond. <br /> AlT'/AGR.2016.159/CENTRUM OWNERS ASSOCIATION — IA EXHIBIT D <br /> REV: 06-22-161S <br /> Page 1 of 2 <br />