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0 .IA Document M1 ° m - 2010
<br />Bid Bond
<br />CONTRACTOR:
<br />SURETY:
<br />(Name, legal status and address)
<br />(Name, legal status and principal place
<br />Indiana Earth, Inc.
<br />of business)
<br />Swiss Re Corporate Solutions America Insurance Corporation
<br />10343 McKinley Highway
<br />1200 Main Street, Suite 800
<br />This document has important legal
<br />Osceola, IN 46561
<br />Kansas City, MO 64105
<br />consequences. Consultation with
<br />OWNER:
<br />an attorney is encouraged with
<br />(Name, legal statits and address)
<br />respect to its completion or
<br />modification.
<br />CAO Enterprises LAX
<br />5610 Grape Road
<br />Mishawaka, IN 46545
<br />BOND AMOUNT: ***FIVE PERCENT OF AMOUNT BID***
<br />PROJECT:
<br />(Name, location or address, and Project number, if any)
<br />Demo of Fire Damaged Building
<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 Owner 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 time in which the Owner may accept the bid. Waiver of
<br />notice by the Surety 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 term 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 icting with said statutory or legal requirement shall be deemed deleted herefrom and
<br />provisions conforming such statutory or other legal requirement shall be deemed incorporated herein. When so
<br />furnished, the inte s that this Bond shall be construed as a statutory bond and not as a common [aw bond.
<br />Signed ands ed this 1 day of February 20
<br />Indian Ofth,
<br />(Seal)
<br />(Mess)'+0 1' ,
<br />(Title) ttl.
<br />., ,.
<br />t Swiss Re CoppEgle Solutions America Ins coition
<br />.d . " i (Surety
<br />(Title)Thomas 0. Chambers, Attorney-sacFaol; �� 1
<br />PROVIDED. HOWEVER. neither Principal tear Suren, shrill be bound hereunder unless Obligee prior to erecuticrtr of the find., corer&1 ssl all fun¢sh ?- M (i
<br />evidence satisfactory to Prine iped and Surety that financing has been fFnnly cotrunitted to corer the entire cost of tire project. ; r
<br />Init. AIA Document A310— — 2010. Copyright @ 1963, 1970 and 2010 by The American institute of Architects. All rights reserved. W NINCt: Thi
<br />Document is protected by U.S. Copyright Law and international Treaties. Unauthorized reproduction or distribution of this Ale" oepmeon , or
<br />any portion of it, may result in severe civil and criminal penalties, and will be prosecuted io the maximum extent possible unhe o.i lay.
<br />/ Purchasers are permitted to reproduce ten (10) copies of this document when completed_ To report copyright violations of AIA Cantrac,11odii✓ra s-fr@d , . • ' •*
<br />The American Institute of Architects' legal counsel, copyright@aia arg. � �ctir}to3
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