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adopted pursuant to applicable statutes. and if the board <br />or the division shall make a finding that the lands upon <br />which such operations have been conducted have been satisfac- <br />torily reclaimed, and if the board or the division shalt <br />receive a request for a bond release on such lands or a <br />request for partial release as to any portion thereof. then <br />this obligation shall be exonerated and discharged and become <br />null and void to the extent so released; otherwise to remain <br />in full force and effect. <br />g~LID~a1?SQYI.~III~~ <br />(!} The amount of this bond is based upon estimates <br />as to the cost of reclamation. and does not operate as a <br />limit upon or otherwise restrict the principals obligations <br />to complete the reclamation plan and to comply in all respects <br />with the permit and with applicable laws and regulations gov- <br />erning reclamation. even though the actual cost thereof may <br />substantially exceed the amount of this bond. <br />(2) The surety shall not be liable under this bond <br />for an amount greater in the aggregate than the sum desig- <br />nated in the first paragraph hereof, unless increased by a <br />later amendment to this bond. This bond shall be reviewed <br />by the board or the division from time to time. and the <br />board or the division may require an increase in the prin- <br />cipal sum of this bond to cover increases in the estimated <br />costs of reclamation. but no such increase shall bind the <br />surety unless and until it shall have consented thereto in <br />writing by the issuance of an additional surety bond or by <br />an endorsement to this bond. <br />(3) Surety reserves the right to cancel this bond <br />effective only upon an anniversary date. and only by giving <br />written notice to that effect mailed by certified mail, at <br />least ninety days. prior to such anniversary date. addressed <br />-3- <br />