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des,ynated in the fa st paragraph hereof~nd the board or <br />division shal~toncurrently identify such areas in writing, <br />antl notify the principal and the surety thereof. Thereafter. <br />the obligation of the surety shall be limited to reclamation <br />of the areas so identified. <br />(4) The consideration fpr surety's execution of <br />this agreement is the promise of the principal to pay [he <br />premiums, but failure by the principal to pa~)such premiums <br />Shall not invalidate Or diminish Surety's Obligation here- <br />under. , <br />' (5) The description of lands above set forth is <br />for convenience of reference only, and no e"trot in such de- <br />scription nor ony revision of the permitted mining area. <br />nor the disturbance by the principal of lands outside of <br />the permitted mining area snail alter or diminish surety's <br />i <br />ubliyat~on hereunder. whim shall extend to the reclamation <br />of all such lands uisturbed. <br />• (6) ine obligation cf the surety shall continua <br />(unless canceled pursuant to paragraph (2) hereof) until <br />releasad it writing by the state in accordance with applica- <br />ole laws specifying bontl release procedures. The parties <br />understand that periods of years may necessarily be required <br />DefOre determi ndtiOn Cdn be made that reClamdtiOn work has <br />peen satisfactorily completed. No revision. extension ar <br />renawal of the operator's mining permit or of the time allowed <br />the opdrator [o complete reclamation shall diminish surety's <br />ObliydtiOn hereunder. NO misrepresentation Dy th? principal <br />which may have induced the surety to execute this bond shall <br />be any defense to demand by the state under this agreement. <br />(7) The state may make demand upon the surety for <br />payment hereunder iF the board or the tliviSiOn determines <br />tnat reclamation wnich ought to have been performed by the <br />principal, or its successors or assigns. remains unperformed. <br />-4- <br />