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<br />AND THE SAID SURETY, for value ieceived hereby -ifipulates aid agrees that whenever the Principal shall be, <br />and declared by;-the Principal Representative to be in default under said Contract, the State of Colorado having <br />performed its obligations thereunder, the Surety may promptly remedy the default or shall promptly (1) Complete <br />the Contract in accordance with its terms and conditions, or (2) Obtain a bid or bids for submittal to the Principal <br />Representative for tompleting the Contract in accordance with its terms ar,d conditions, and upon determination <br />by the Principal Representative and Surety of the lowest responsible bidder, arrange for a contract between such <br />bidder and the State of Colorado acting by and through the Principal Representative and make available as work <br />progresses (even though there should be a default or a succession of defaults under the contract or contracts of <br />completion arranged under this paragraph) sufficient funds to pay the cost of completion, less the balance of the <br />contract price but not exceeding, including other costs and damages for which the Surety may be liable hereun- <br />der, the amount hereinbefore set forth. The term "balance of the contract price" as herein used shall mean 'he total <br />amount payable to the Principal under the Contract and any amendments thereto, less the nmount properly paid <br />by the State of Colorado to the Contractor. <br />No right of action shall accrue on this bond to or for the use of any person or corporation other than ne <br />State of Colorado. <br />IN WITNESS WHEREOF, the Principal and the Surety have executed this Bond, this _ 17TH <br />day of APRIL A.D., 19 95 <br />(Corporate Seal) PRINCIPAL <br />KESSLER'S RECLAMATION <br />ATTEST: <br />Secretary <br /> <br />Title <br />(Corporate Seal) SURETY <br />TIG P INSURANCE COMPANY <br />By <br />- <br />Attorneyn -fact <br />TERRENCE E_ DREILING <br />THIS BOND MUST BE ACCOMPANIED BY A POWER OF ATTORNEY, EFFECTIVELY DATED <br />Note- This bond is issued simultaneously with <br />another bond conditioned for the full <br />and faithtul payment for all labor and <br />material of the contract. <br />State Form SC-6.22 <br />,ssoed 9/1/65 (Rev. 7/1/701