Agmt12 Urban Housing Redwood City LLC

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. , . Exhibit C ATTACHMENT "D" • PAYNIENT BOND KNOW ALL MEI� BY TH�SE PRES�NTS:Thaf we, as Principal, and, organized and exis�ing under the laws of the Stafe of California , and authorized to execute bonds and undertaking as sole surety, as Surety, are held and firmiy bound unto any and ali persons named in California Civii Code Section 3181 whose claim has not been paid by fhe Confractor, company or corporation in the aggregate tota( of Doilars ($ l (being 100% of the (Permit amount) for the payment whereof,well and truly to be made, said Principal and Surefy bond themselves, fhelr heirs, administrators, successars, and assigns, joinf{y and se�eratfy,firmiy by these presents, � THE CO�IDITION OF THE FOREGOING OBLEGATION IS SUCH thaf, whereas the above wifh the City of Redwood City("Cify")ta do#he following work for"City"issued Construction Permit, #o-wit: NOW, 7HEREFORE, if the a�ove-bounden !'rincipal or his subcontractors faii to pay any of the persons named in Section 318� of the Civil Code of the S�ate of California, or amounts due under the Unemployment Insurance Code wifh respect to work or labor perfo�rr►ed under the Cantract, ar for any amounts'required to be deducted, withheld, and paid over to the Employment Development Department ftom the wages of employees of the Contractor and his subcontractor pursuant to Section 13D20 of the Unemployment Insurance Code af the State of California, with respec�to such work and labor, the surefy will pay for the same, in the amount not exceeding the sum specified 9n th9s bond, and afso, in case suit is brought upon this bond, a reasonable aftorney's fee,ta be fixed by the Court. � 'Fhis bond shall inure ta the benefif of any person named in Section 3181 of the Civil Code of the State of Caiifornia so as fa give a right of action to them or#heir assignees in suit brought upon this 6ond. . This band is executed and filed to comply with the provisions of the act of the Legislature of the State of California as designated in Ciui{ Code Sections 3247-3252, inciusive, and all � amendments thereto. And the said Surety, for value received, hereby stipu[ates and agrees to waive fhe provisions of California Civii Code Section 28'I9 regarding consen�4o ch�nge,exfsnsion of time aiteration,or addition to the terrns of the Permit, or to the work to be perFormed thereunder, or the Specifications accompanying the same, shall in any way affect ifis obligations on this bond; and it does hereby waive notice of any such change,extension of t�me, alferation, or addition to the terrns of the Cantract,or to#he work,or to the Specifications.