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6.1.D. - Page 68 �X� ���� �
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<br /> PERFOl�MANCE BOND 1'rav�lers Casualty and Sure#y Corr�pany of Amerlca
<br /> One Tower Square 3PB, Nartford,CT 06183
<br /> Bond I�o,105678Q41
<br /> Prsmium: 366.00
<br /> KNOW ALL MEN BY TH�S�PRES�N7S:
<br /> 7hai O'Grad Fay1n lnc, as Principal, hereinafter called Goniraclor, and, Travalera Casualfv a�d Suretv Comoanv of Amer�, 9f Hartfard,
<br /> Cvnneclicul,a carporalion duEy arganized under Ihe Eaws df fhe Stale of ConneclicW,as Surely,heTeinafter aalled Surety,are held firm4y bound unlo
<br /> ECR Constructinn Cg�o a�inn,as Ohfigee,hereafler ca[!ed Owner,in Ihe smount o€SevenfV Thousand and 00!'[UO Dal[ars($70,fl00.4fl),for Ihe
<br /> payment Wiiereof ContCacEor�nd Suretybind themselves,fheir heirs,execulors,adminis4ralors,Successars and assigns,jainliy pnd severaliy,firmEy hy
<br /> lhese presents.
<br /> WHE�iEAS,Con�ractor has by wrilRen�greement dated Pnrif 4.2012,enEered Inio a.contract.wilh C3wmer for Rouah Gradinq.�inish Gt�Ln�{�nd
<br /> Straet Surface Im tove ent-Sui dln 2&5 A ar1 a-Redw od Cit in accordancs wiih prawings and Specificatipns prapared 6y McLarand,
<br /> Vasauez.�rnsfek&Pa�tne.�,s,Inc,whlch contract is by raference made a part hereof,and Is hereinafter reFerred lo as ihe Conlracl.
<br /> NOW,'fkiEREFORE,TN�CONDI�IOIV 0�7HIS OSLIGATION Is such a contract belween such bidder and Owner, anc! make avaElable as
<br /> that; i(Coniractof shalE promptly and faifhfuliy per[orm sa€d CnntracE, Work progresses (eYen. though Ehere shoufd be a defa�It or a
<br /> then this obligatfon shall be null and void; alherwlse it shaEl remain in suacession of defaukts under the co�ltracl or contracls of complelion
<br /> fu11 Force and e!(ecE. a�anged un�er tnis paragraph) su[ficiertl f�nds !o pay Ehe cG&t o(
<br /> completinn less the halance of Ehe contract price; but no!exceed€ng,
<br /> The Surely hereby wakves natice of any alferation or extension o[time Inpluding oiheC cosis and damages far wittch i�te 5urety may be Eiable
<br /> made by the Owner: hereunder,lhe emount sel farth in tt�e Afs!paragraph hereaf. The lerm
<br /> �balance of ihe canlract price";. as used in Ihls paragraph,shall mean
<br /> Whenever C6nlractor shali Be,ai�d declared by Owner to be in detaul! Ehe lolal a�nount paya6le by Owner tn Contractor under the ConEracl
<br /> under t�e Contracf, Ihe Ownet haviRg perlormed Owne�s vbligaliotis a�nd any amendmenis Iherelo,Eess the amaunl properiy paid by Owner
<br /> lhereunder, Ihe Surely may proniplly remedy the defaulf, or shalk !o Canlraa[or.
<br /> prompEfy
<br /> Any suit tander ihis.band ttfusl he insEitufed belore the expiration of t+nro
<br /> i J Complele the ConEract fn aecordance wlth ils lerms and canditians, (2)years iram 1ha daie o�whtcfi�Tinal paymen!undeP lh:e ConiracE falls
<br /> dt�e.
<br /> or
<br /> 2) Oblaln a bid ar b�ds!or compleling ihe ConlraCt In accardance wilh Nn righi of acifon shall accnie on lhis band lo or fae ihe use of any
<br /> 1!s fe�ms.and conditians,. and upon delermination 6y Surely of Ehe person or corparatian olMer lhan the Owner named herein or ihe hefrs,
<br /> lowest{espans€hle bidder, or;Ef ihe Owner eleols,upon deterininatian executors,adrntnislraEOrs or successors of lhe Ownar.
<br /> by the Owrier and lhe 5urety joinlly of lhe lovuest respons�ble bidder,
<br /> arrange for
<br /> 5igned and seated thls A�' day of 4 ri 2U„�.
<br /> O' dy Pav}ng,Inc.
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<br /> W€iriess Principat
<br /> Trave a a4ry a & t�r v pan�r oF Amerlca
<br /> • . J [
<br /> Witness Stacy ,CI' tqn Altorney-in-Faci ,
<br /> printed in cooperefio�wTth the American.lnstitute of Archlkects(AtA}6y Trairelers Casualty and Surety Company of t;mer�aa. Tho language in
<br /> fhls cioaument conforms exactly t9 the[anguage used In A1A Rocument A311,�ebruary�1970 editfon.
<br /> S-1B70-� (10-00)
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