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MERCHAN
<br />BONDING COMPANYn
<br />MERCHANTS NATIONAL BONDING, INC. P.O. BOX 14498, DES MOINES, IOWA S0306-3498
<br />PHONE: (800) 678-8171 FAX: (51S) 243-3854
<br />MAINTENANCE BOND
<br />KNOW ALL PERSONS BY THESE PRESENTS:
<br />That C & S Masonry Restoration, LLC
<br />3725 N. Foundation Court, Suite AB
<br />as Principal, and the Nk
<br />held and firmly bound unto the City of Sout
<br />1316 County -City Building. 227 W. Jefferson I
<br />of
<br />Bond No. NIN 1203
<br />as Surety are
<br />in the penal sum of
<br />1 wenty-Four 7 housand Light -Hundred Forty -Two Dollars and 73/00 cents ( $24,842.73 )
<br />DOLLARS, lawful money of the United States of America, for the payment of which, well and truly to be
<br />made, the Principal and Surety bind themselves, their and each of their heirs, executors, administrators,
<br />successors and assigns, jointly and severally, firmly by these presents.
<br />Signed and delivered this 12th day of August 2016
<br />WHEREAS, the Principal entered into a certain contract, dated the 8tb day of December
<br />2015 with the City of South Bend, Indiana, Board of Public Works '
<br />to furnish all the material and labor necessary for the construction of
<br />Century Center Masonry Restoration Project No. 115-015R
<br />120 South St. Joseph Street, South Bend, IN 4601
<br />in conformity with certain specifications; and
<br />WHEREAS, a further condition of said contract is that the Principal should furnish a bond of indemnity,
<br />guaranteeing to remedy any defects in workmanship or materials that may develop in said work within a
<br />period of Three (3) Years years from the date of acceptance of the work under said contract; and
<br />WHEREAS, the above work has been completed and accepted and if not accepted will be automatically
<br />accepted upon the filing of this maintenance bond; and
<br />WHEREAS, the_
<br />consideration, has
<br />_ for valuable
<br />indemnifying said
<br />_ as aforesaid;
<br />NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that if the said Principal does
<br />and shall, at the Principal's own cost and expense, remedy any and all defects that may develop in said
<br />work, within the period of Three (3) years from the date of acceptance of the work under said contract, by
<br />reason of bad workmanship or poor material used in the construction of said work, and shall keep all
<br />work in continuous good repair during said period, and shall in all other respects, comply with all the
<br />terms and conditions of said contract with respect to maintenance and repair of said work, then this
<br />obligation to be null and void; otherwise to be and remain in full force and virtue in law.
<br />It is agreed that while the Principal shall be and remain liable for failure to adhere to the specifications
<br />which form the basis for the work, the Surety, inasmuch as the original work was not bonded, shall be
<br />obligated only to assure the maintenance of the work in the condition in which it existed at the time the
<br />work was accepted. Any obligation beyond this shall be that of only the Principal.
<br />Approved
<br />a
<br />CON 0304 (2/15)
<br />Merchants National Bonding, Inc.
<br />to join with said Principal in such bond or guarantee,
<br />3uth Bend, Indiana, Board of Public Works
<br />C & S Masonry Restoration, LLC
<br />Principal
<br />By ,P^i" r'tZQe�, li iC� �0.ESide w�
<br />Steve Fields, Vice President
<br />Merchants National Bonding, Inc.
<br />J. evin Hughes, Attorney -in -Fact
<br />
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