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<br />AND THE SAID SURETY, for value reteived'h4reby stipulates and 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 completing the Contract in accordance with its terms and 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 Kepresentative 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 the total <br />amount payable to the Principal under the Contract and any amendments thereto, less the amount 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 MARCH A.D., N31-900 <br />.^? ;: Cor orate Seal PRINCIPAL <br />DIRT-N-IRON, INC <br />? <br />ZATTEST: F <br />By <br />Title MAXTNF M FRICK AS PRF.STT)ENT <br />Secretary <br />(Corporate Seal) `SURETY <br />d <br />AMWEST SURETY IN CE COMPANY <br />`'?'•? By <br />Attorney-in-fact' <br />WILSON W. COLEMAN <br />???'z?,',??---THIS BOND MUST BE ACCOMPANIED, BY A, ROWER?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 $gC-6.22 - <br />Issued 9/11/65 (Rev. 7/1/70) <br />;f