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~[~[~ INSCO INSURANCE SERVICES, INC. . ~ '~ ~ ~'' ]~ i*;,j=J <br />in==cl lCCl Underwriting Manager for: t ~ ," <br /> Developers Surety and Indemnity Company . ,.. . <br />(~[~l~[~[~ Indemnity Company of California <br /> 17780 Fitch, Suite 200 · Irvine, California 92614 · (949) 263-3300~*' '~" ' '~' ' "- ~ · ~-~ i I <br /> MAINTENANCE BOND <br /> <br /> BOND NO,: 865899S <br /> Premium included in Performance Bond <br /> <br />KNOW ALL MEN BY THESE PRESENTS: <br /> <br />THAT we, Paeifie Shores Davalopmant, LLC ., as Principal, <br />and Developers Surety and Indemnity Company ., a corporation organized and doing business under <br />and by virtue of the laws of the State ofIowa and duly licensed to conduct surety <br />business in the State of California, as Surety, are held and firmly bound unto <br /> City of Redwood City <br /> <br />as Obligee, in the sum of Six Hundred Thirty Thousand Dollars <br /> <br />($ 630,000.00 _) Dollars, for which payment, well and truly to be made, we bind ourselves, our heirs, executors <br />and successors, jointly and severally firmly by these presents. <br /> <br />THE CONDITION OF THE OBLIGATION IS SUCH THAT: <br /> <br />WHEREAS, the above named Principal entered into an agreement or agreements with said Obligee to: <br />Seaport Boulevard <br /> <br />WHEREAS, said agreement provided that Principal shall guarantee replacement and repair of improvements as described <br />therein for a period of one year following final acceptance of said improvements; <br /> <br />NOW, THEREFORE, if the above Principal shall indemnify the Obligee for all loss that Obligee may sustain by reason <br />of any defective materials or workmanship which become apparent during the period of one year from and after acceptance <br />of the said improvements by Obligee, then this obligation shall be void; othenvise to remain in full force and effect. <br /> <br />IN WITNESS WHEREOF, the seal and signature of said Principal is hereto affixed and the corporate seal and the name <br />of the said Surety is hereto affixed and attested by its duly authorized Attorney-in-Fact <br /> <br />this 28th day of June , 2002 <br /> YEAR <br /> <br />Pacific Shores Development, LLC Developers Surety and Indemnity Company <br /> <br />By:. ~, <br />Aeomey-in-Fact <br /> <br />ID-1201 (CA) (One Year Term) (REV. 3/01) <br /> <br /> <br />