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I. The CONTRACCOR and the Surety. joitrtly ad severally, bid shemxlves, their
<br />heirs. excutas, adminivtratas, sucaawrs ad assigm m me OWNER m pay fa
<br />lobe. mateiaL and equiprrrem furrrishrd fa use in the ptvformace of the Camract,
<br />which is itrurpotattd herein by sefeswce.
<br />2. With rcspat m the OWNER, this obligauw shall be mill ad void if the
<br />CONTRACTOR:
<br />2.1. Promptly makes payment, dircdy a iditeedy, for dl sums due
<br />Claimams, ad
<br />2.2. Defects, idemuifies ad bolds harmless the OWNER from dl claims,
<br />demada, I:.M or suits by auy permo a crafty who (utuivhed labor,
<br />sremrials a equiprnt fa uu in me Performace of the Contact.
<br />prwidd the OWNER hu prompdy notified she CONTRACTOR ad she
<br />Surety (u the addresses deuritrd vi panrgrgsh 12) of arty claims,
<br />demads, liens a mils ad serdered debase of such ehsitrts, demmds,
<br />liem a orbs m the CONTRACTOR ad Ib< Surety, ad provided there is
<br />sin OWNER Default.
<br />3. With respect m rt~:m>,ma, this obligation shall be null ad wid if me
<br />CONTRAC70R Pr~Y makes WY~nt• directly a idircuy, (err all sums due.
<br />4. The Surety shall have m abligatia m Claimants oiler this Boil omit:
<br />4.1. Claimants who are employd by a have a duct conhact aim die
<br />CONTRACTOR have given rosite m the Surety (u the addresses
<br />destn'hed h paragraph 12) ad rem a copy, a entice thereof, m the
<br />OWNER, stating thaz a claim ¢ befog made order this Bond ad, with
<br />mbuamial aausacy, the amount of the claim.
<br />4.2. Claitruma who do at have a direu contract with me CONTRACTOR:
<br />1. Have furnished writra notice m me CONTRACCOR ad rem a cagy,
<br />or rro[ice (hereof, m the OWNER, wihin 90 days after having Iut
<br />ptrfo[med labor a tut mmishd materials a equipment iclded in
<br />the claim stating, wim mbanmiah aauracy, the asteuor of she claim
<br />ad me carne of me parry m Whom me matcrds were furuishd or
<br />applied or for wMm me labor was dote or performd; ad
<br />2. Have eimer reaivd a rejection h wtele a h pan form the
<br />CONTRACTOR a not ravxived within 30 days of tutrsishing me
<br />above notice arty communication from de CONTRACTOR by which
<br />the CONTRACTOR tad udiwted me claim will be paid directly or
<br />ictirady; ad
<br />3. Not having been paid wihin the above 30 days, love seer a written
<br />orrice m the Surety ad rem a coPY, a nods meraf, m de OWNER,
<br />stating maz a cla'vn a befog mile order ma Bad ad eclamg a copy
<br />of me previous wriuen notice famished m the CONTRACTOR.
<br />5. If a entice required by paragraph d a given by the OWNER m the
<br />CON7RACTOR a m she Surety, thu is mtficieru compliance.
<br />6. When the Claimant has satisfied the coridifiosts of paragraph 4. she Surety shall
<br />PrompdY ~ at de Surety's exptnse rake the following actions:
<br />6.1. Sect an answer m she Claimant, wim a cagy m she OWNER, within 4S
<br />daYS afer reaWt of de claim, sating she amwms thu are undisputed and
<br />the boa far challengigg arty amams thu are dispsitd.
<br />6.2. Pay err artarige for paymem of any udispured amainrs.
<br />7. The Surety's mtal obligation shall not exact the amount of ma Hod, ad she
<br />amoum of mis Boil shall be crcditd fa arty payments trade in good faith by me
<br />Surety
<br />8. Amamts ovrod by dre OWNER m the CONTRACTOR uder the Comract shall
<br />6e vad fa the pedarvunoe of me Contract and m satisfy claims, if arty, under arty
<br />Perfamaocc Brad. By the CONTRACTOR furtrishiug ad the OWNER accepting
<br />this Bond. dxy agree mu all funds eared by the CONTRACTOR in me
<br />perfotttmce of me Com<act ate ddinted m satisfy abligstiom of the
<br />CONTRACTOR ad me Surety order this Bad. subject m tlx OWNER's priority
<br />muse the fads for the completion ofine work.
<br />9. The Surety shall rube liable m the OWNER, Qaimarm a corers fa obliguiom
<br />of me CONTRACTOR mat are unrelated m the Cattracc The OWNER shall ru
<br />be liable for payrrrtan of soy costs a mrpeaas of any Claimant uder this Had, ad
<br />shall have under this Bond no obligations m make paymema m, give notices o0
<br />behalf sd, a otherwise Gave abligatiom m Clainusru uder this Bod.
<br />10. 76e Surty hereby waives notice of say change, incldirig clanger of time, m
<br />the Comtract a m related Subcomracrs, purchau orders ad other obligations.
<br />Il. No auF a aaioo shall be catutrrrasd by a Claimant miler this Boil other IWn
<br />in a coon of oottyefem jurudiuMn to the loratron in which the Wank a pan of me
<br />Work u heard or after the expiration of one year from the date (1) on which 16e
<br />Claimam gave the orrice requved by paragraph 4.l a paragraph 4.2.3, a (2) on
<br />which the Ian labor a service was pesformd by anyone a the last materials m
<br />equiproem were furnished by auyorc uder the Conwmctioo Conact, whichever of
<br />(1) a (1) lost nears. If me provniats of mis pstagrapli are void a prohibited by
<br />law, me minimum period of Itmitation available m rarefies u a defertse h the
<br />juriadicdoa of the urn shall be applicable.
<br />12. Notice m the Surety. me OWNER or the CONTRACTOR shall be tsuild a
<br />ddrvetd m the addresxs ShOWO a me sigrumre page. Arad read[ o[ Waite by
<br />Surety. tlK OWNER a the CONTRACTOR however aceomplislxd, shall be
<br />mtfeiem tuupliaoce as of the due received u the addrest shown oo the si8namre
<br />l>alF~
<br />I3. When this Bond has ban furnished m compy wim a summry or other legu
<br />IIXpliremem m the location where me Comnc[ was m be performd, arty provnra
<br />h urn 1Md conflicting wim said smmmry or legal requirement shall be deemed
<br />deleted 6erefmm ad provisions confoiming m ach anmmry a corer legal
<br />regimemem mall be tiered iroorporated herein. The intent a, that this Bond shall
<br />be aaAried as a sumtory Bod ad not as a ammoo Ww 6wd.
<br />14. Upon request of soy person or crafty appearing m he a potemial betnficiasy of
<br />this Bad. the CONTRACTOR shall Ptompdy famish a copy of this (Mod a shall
<br />permit a copy m be made.
<br />IS. DEFWTIiONS
<br />15.1. Claimant M individual or entity having a direct contract with the
<br />CONTRACCOR a with a Subcontrxmr of me CONTRACTOR m Tomah
<br />labor, materials a equipment fa use h me perfotmarce of me Conrnct.
<br />The im•m o(tha Boil stall be m include without limhation to the terms
<br />'labor. materials a etprWmem' mu pan of water. Bas. Power. light, brat.
<br />oil. gasolirc, tekpFrone service a rectal equ~mem used in the Contras.
<br />archisectriral ad erigineeririg services required fa perfoaoarre of the
<br />Wok of me CONTRACTOR ad the CONTRACTOR'S Subcontractors,
<br />ad dI other imrru for which a mechanic's lien rosy be usertd N the
<br />jtrrladlCI100 wllele the labor. mafenalr Or egnlPOenl were farolded.
<br />15.2. Comm: The agnxmem between me OWNER ad the CONTRACTOR
<br />idemifid a du: sigmmrc page, including all Connect IMamerus act
<br />ptherem.
<br />15.3. OWNER Defaulr. Failure of de OWNER, which has neither been
<br />remedied mr waived, m pay me CONTRACTOR u requited by tle
<br />Comtract a m perform ad amplere or comply wim the other eras
<br />mereof.
<br />(FOR INFORMATION ONLY-Name, Address and Telephone) ~
<br />AGENCY or BROKER: OWNER'S REPRESENTATIVE (Engineer or other party):
<br />PAB-2
<br />
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