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Dt3AL 4gl.tC��RIDER <br /> To be attaclied to and fonn a part of cnntract bond numl�e�' CA4426133 ]SSUC(I bY tltC <br /> Gxeat AmeriCan Insuranc� Company <br /> onbehalfof n•w• Young Con�strueti.on eo. Tne. <br /> in the am0ut]t of Two Hundred Seventeen Thoueanci Ni.ne Hundred Tvrelve and 00/100 <br /> DoJlars($ 2i7,9i2,oo } <br /> ancf dated A�r�.l. 2� a�Z2 ii�favoc of one Marina Hornes LLc <br /> in consideration of the sum of�ne Dollar($].00),and other good and valuable consideration reeeipi of which is hereUy ack�3awledged,the <br /> Undersigned here6y agree as foIlows: <br /> ]. The city of ltedwood city • <br /> is hereby added to said bond as an additional obligee, <br /> 2. The 5urety shall not 6�liab3e under this bond to the Obligee, or either of them anless the said ObligEes,or either of them, shalt <br /> make payrnents to the Priacipal strictiy in xccordance with tlie tortns of the said contract xs to payments,a��d shall perfonn all other <br /> obligations to be perfoi�tned tmder said contract at tf7e time a�id in the manner therein set forth. <br /> 3. No suit,action or proceeding by t•eason of any default whatever shall Ue brought on this bond afte3�two(2)years fi•om fhe day on which � <br /> the�na]payrinent under said construcHon contract falls due. <br /> 4. Aggregate liability of Surety Itereunder to Obligees 3s Iimited to t(ie penal sutn xbove ststed and Surety, upon maki»g payment <br /> hereunder, shall be subrogated to, and shat] be entitled fo an �ssignment of a11 rights of the payee with respect#o the particular <br /> abtigation dischargcrl by the payment,either agau�sh p�vtcipal or agaaist aay ofher party liaUle to the payee on tl�e discharged obligatiois. <br /> Signed,Sealed and bated this 2�d dayof �prii � 20�2 <br /> One MaYian Homes LLc <br /> ' Clreae American Tnsurance Commpany <br /> � � e�� / � <br /> By �' �"'�����. r By � . <br /> auette Conley, Attorney-in-Fact <br /> By ay . . <br /> ���,�� � - <br />