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to Doth the principal, at its atldress herein stated, and to the dlVlSlbn at the dbOVe address. In the event Of Such Cdn- cellation. this bond shall nevertheless remain in full force and effect as respects the reclamation of all areas disturbed prior co the effective date of such cancellation unless and until the principal shall file a substitute pond which: I) assumes liability for all reclamation obligations ~hicn shall have arisen at any lima while-this bond is in force; and 2) is accepted in writing by the board or division. (4) In the event of •such cahcellat~ion, if the bond - is not fully released. the amount of the continuing bond available for the reclamation OF areas disturbed rind unreclaimed at the date of cancellation shall be fixed by the board of the division at Che amount it determines necessary to com- plate such reclamation (whicn amount may not exceed the Sum designated in the first paragraph hereof) and the board or dlVl$IOn Shrill COnGUrrently identify Such dfed5 in wfitingr antl notify the principal dnb the surety thereof. Thereafter. the obligation of the surety shall be lim;teb to reclamation of the areas so identified. (5) the consideration for surety's execution of this agreement is the promise of the principal to pay the premiums. but failure by the principal to pay such premiums shall not invalidate or dirtiinish surety's obligation Here- under. (6) the description of lands herein set forth is for convenience of refdrence only, and no error in sucn description nor any revision of the permitted mining ar?a. nOf Che distuf bdnCe by the principal Of 1dntl5 Outside of Che permitted mining dreg Shall alter or Ciminisn the ooli- gdCiOn Of the principal Or the surety hef2undef, wniCh Sndll extend t0 the reclamation OF rill such lands disturbed. (T) The obligation of this bond shall continue -4-