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<br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />b. Obtain a Bid or Bids for submission to the Owner for completing <br />the Contract in accordance with its terms and conditions, and upon determination <br />by the Owner and Surety of the lowest responsible Bidder, arrange for a Con- <br />tract between such Bidder and Owner, and made available as work progresses <br />(even though there should be a default or succession of defaults under the <br />Contract or Contracts of completion arranged under this paragraph) sufficient <br />funds to pay the cost of completion less the balance of the Contract price; <br />but not exceeding, including other costs and damages for which the Surety may <br />be liable hereunder, the amount set forth in the first paragraph hereof. The <br />term "balance of the Contract price," as used in this paragraph, shall mean <br />the total amount payable by Owner to Contractor under this Contract and any <br />amendments thereto, less the amount properly paid by the Owner to Contractor. <br /> <br />2. The Surety hereby waives notice of any alteration of extension of time <br />made by the Owner. <br /> <br />3. <br />two (2) <br />due. <br /> <br />Any suit under this bond must be instituted before the expiration of <br />years from the date on which final payment under the Contract falls <br /> <br />4. No right of action shall accrue on this bond to or for the use of any <br />person or corporation other than Owner named herein or the heirs, executors, <br />administrators or successors of Owner. <br /> <br />SIGNED AND SEALED THIS <br /> <br />day of <br /> <br />A.D. 19 <br /> <br />In the Presence of: <br /> <br />(Seal) <br /> <br />Principal <br /> <br />Witness <br /> <br />Title <br /> <br />(Seal) <br /> <br />Witness <br /> <br />Ii tIe <br /> <br />-PB-2- <br />