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DllAL QB�.IC����IDER <br /> To be attached#o and fonn a pai�t of contract botid number CA4426fa3 issued by tlie, , , <br /> Gxeat 74merican Insurance Company <br /> on behalPof A�w• Young ConetrucGi.on Co. znc. <br /> in the amount of Two Hvndred Seventeen '.Phousand Ni.ne }Iundred Tarelve and OD/l0o <br /> Doltars($ 21�,�i2.oo ) <br /> a❑d dated Apxil z. 20x2 Itt favor of One Marina Homes I,�,C <br /> in consideration of the sum of One Dollar($1.00},and o#her gootl and valuabIa eonsideration reeeipt of which is heraby ackt�owledged,tlie <br /> llndersigned hereby agree as foIlows: <br /> 1. The City of i2edwood Cit� • <br /> is hereby added to said b�nd as an additionaE obligee. <br /> 2. 1'he Surety shall not be liable under this bond to the Obiigee, or either of them unless tlae said Qbligees,or either of them,shali <br /> �nake payrnents to t�ie Principa)strictly in accordance with tl�e terms of the said contract as to paymeiits,and shafl perfonn a3!other <br /> obligations to be perFortned under said contract at the time and in t6►e manner therain set forth. <br /> 3. Na suit,action or proceeding by reason of nny default whatever shatl be brought on this bond aftec two(2)years fi�om the day on which <br /> the final payrnent under stud construction contract falls due, <br /> 4. Aggregate tiability of Surety hereunder to Ohligees is limited to the penal su�n above stated and Surety,upon making payrnent <br /> horeunder, shall be subrogated to, and shali Ge entitled to an ass�gnmeni oP al! rigl�ts of t[�e payee with respect to the particular <br /> obligation d'rscharged by the payment,either against principal or against any other party liable to the payce on tt�e discharged abligation. <br /> Signed,Sealed and Dated this Zn� day of Aprii � 2012 <br /> One 14arian flames Lvc <br /> ' Great Amezican tnsnrance Commpany <br /> ..�� / � <br /> By .� ''°'�G a��� By ` . <br /> eaneCt6 Conlcsy, Attornay-in-Cact <br /> By �y <br /> U00820 4?100 . . <br />