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MIERCHANTT"S__��
<br />BONDING COMPANY,
<br />MERCHANTS NATIONAL BONDING, INC. P.U. BOX 14498, DtS MOINES, IOWA 50306-3498
<br />CONTRACTOR:
<br />(Name, legal status and aekiress)
<br />John Ward Concrete, Inc.
<br />1617 3rd St
<br />Osceola, IN 46561
<br />OWNER.
<br />ffaine, ley gal siatus an4 address)
<br />City of South Bend Board of Public Works
<br />227 W. JeftersoaBlvd., Room 1316
<br />South Bend, fN 46601
<br />BOND AMOUNT' Five Percent of Bid Amout,
<br />5% 1
<br />PVOJECT:
<br />Name, loc-ation or address, and Project number, if any)
<br />emolition
<br />Bond Nhunber: 339464
<br />SURETY:
<br />(Name, legal status and principal place
<br />of usiness)
<br />Merchants National Bonding, Inc.
<br />A CovOration
<br />6700 eslown Parkway, West Des Moines, IA 50266
<br />This document has important legal
<br />consequences. Consultation with
<br />an attorney is encouraged with
<br />respect to its completion or
<br />modification,
<br />.Any singular reference to
<br />Contractor, Surety, Owner or
<br />other party shall be considered
<br />plural where applicable.
<br />The Contractor and Surety are bound to the Owner in the amount set forth above, for the payment of which the
<br />Contractor and Surety bind themselves, their heirs, executors, administrators, successors and assigns, jointly and
<br />severally, as provided herein, The conditions of this Bond are such that if the Owner accepts the bid of the Contractor
<br />within the time specified in the bid documents, or within such time period as may be agreed to by the Owner and
<br />Contractor, and the Contractor either (1) enters into a contract with the Owner in accordance with the terms of such
<br />bid, and gives such bond or bonds as may be specified in the bidding or Contract Documents, with a surety admitted
<br />in the jurisdiction of the Project and otherwise acceptable to the Owner, for the faithful performance of such Contract
<br />and for the prompt payment of labor and material furnished in the prosecution thereof; or (2) pays to the Owncr the
<br />difference, not to exceed: the amount of this Bond, between the amount specified in said bid and such larger amount
<br />for which the Owner may in good faith contract with another party to perform the work covered by said bid, then this
<br />obligation shall be null and void, otherwise to remain in full force and effect. The Surety hereby waives any notice of
<br />an agreement between the Owner and Contractor to extend the fte in which the Owner may accept the bid, Waiver of
<br />notice by the Surely shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the time for
<br />acceptance of bids specified in the bid documents, and the Owner and Contractor shall obtain the Surety's consent for
<br />an extension beyond sixty (60) days.
<br />If this Bond is issued in connection with a subcontractor's bid to a Contractor, the to Contractor in this Bond shall
<br />be deemed to be Subcontractor and the term Owner shall be deemed to be Contractor.
<br />When this Bond has been furnished to comply with a statutory or other legal requirement in the location of the Project,
<br />any provision in this Bond conflIcting with said statutory or legal requirement shall be deemed deleted herefrom and
<br />provisions conforming to such statutory or other legal requiretnent shall be deemed incorporated herein, When so
<br />famished, the intent is that this Bond shall be construed as a statutory bond and not as acommon law bond.
<br />;Ngned and scaled this 27th day of November, 20 LV�,
<br />John Ward Concrete, Inc.
<br />(Seal)
<br />o
<br />(Witness) ltrler
<br />qw1e)
<br />Merchants Nation�t11-0—nd�11dS.--,
<br />(�wv(l �N I_, ---) 1", (Seal)
<br />V (Thle) Helen P Parker Attorney -in -Fact
<br />CON 0657 (2/15) Printed in cooperation with American Institute of Architects (AIA), The language in this
<br />document conforms exactly to the language used in AIA Document A3 I O-Bid Bond-201 0
<br />
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