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<br />SECTION 00320 <br />PERFORMANCE BOND <br />Bond No. <br />KNOWN ALL MEN BY THESE PRESENTS: that <br />(Firm) <br />(Address) <br />(an Individual), (a Partnership), (a Corporation), hereinafter referred to as "the Principal", and <br />(Firm) <br />' (Address) <br />hereinafter referred to as "the Surety", are held and firmly bound unto the CITY OF GREELEY, <br />1000 10th Street, Greeley, CO.80631, a Municipal Corporation, hereinafter referred to as "the <br />Owner' in the penal sum of in lawful money of the United States, <br />for the payment of which sum well and truly to be made, we bind ourselves, successors and <br />' assigns, jointly and severally, firmly by these present. <br />THE CONDITIONS OF THIS OBLIGATION are such that whereas the Principal entered into a <br />certain Contract Agreement with the Owner, dated the day of <br />20 , a copy of which is hereto attached and made a part hereof for the performance of <br />' City of Greeley Project, <br />25T" AVENUE SLURRY WALL PROJECT <br />' NOW, THEREFORE, if the Principal shall well, truly and faithfully perform its duties, all the <br />undertakings, covenants, terms, conditions and agreements of said Contract Agreement during <br />the original term thereof, and any extensions thereof which may be granted by the Owner, with <br />or without Notice to the Surety and during the life of the guaranty period, and if he shall satisfy <br />all claims and demands incurred under such Contract Agreement, and shall fully indemnify and <br />save harmless the Owner from all cost and damages which it may suffer by reason of failure to <br />do so, and shall reimburse and repay the Owner all outlay and expense which the Owner may <br />incur in making good any default, and then this obligation shall be void; otherwise to remain in <br />full force and effect <br />' PROVIDED, FURTHER, that the said Surety, for value received, hereby stipulates and agrees that <br />no change, extension of time, alteration or addition to the terms of the Contract Agreement or <br />to the work to be performed thereunder orthe specifications accompanying the same shall in any <br />way affect its obligation on this bond; and it does hereby waive notice of any such change, <br />extension of time, alteration or addition to the terms of the Contract Agreement or to the work <br />or to the specifications. <br /> <br /> <br />