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8, AIA Document A31011 - 2011
<br />CONTRACTOR: SURETY:
<br />(Naine, legal slams and address) (Maine, legal status and principal place
<br />Indiana Earth, Inc. of business)
<br />10343 McKinley Highway
<br />North American Specialty Insurance CompsnYhls document has important legal
<br />Osceola, IN 46561
<br />650 Elm Street consequences, Consultation with
<br />Manchester, NIH 03101
<br />OWNER:
<br />an attorney Is encouraged with
<br />(Maine, legal staters and address)
<br />respect to its completion or
<br />City of South Bend
<br />modification.
<br />227 West Jefferson Boulevard
<br />Any singular reference to
<br />South Bend, IN 46601
<br />Contractor, Surety, Owner or
<br />BOND AMOUNT: ***FIVE PERCENT OF AMOUNT BID*** other party shall be considered
<br />plural where applicable,
<br />PROJECT:
<br />YVaine, location or address, and Project man ber, of any)
<br />House Demo's located through South Bend
<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 "tend 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 Conti -actor shelf obtain the Surety's consent for
<br />an extension beyond sixty (60),days.
<br />If this, Bond is issued in conneefion 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 conflicting with said statutory or legal requirement shall be deemed deleted herefrom and
<br />provisions conforming to such statutory or other legal requirement shall be deemed incorporated herein. When so
<br />furnished, th"titent is that this and shall be construed as a statutory bond and not as a common law bond.
<br />Sigaled 621 sealed this 12th day of December 1 Z7
<br />lrh:19�eho
<br />(S, a 1)
<br />(PprIcIpal)
<br />(Title)
<br />North AM/erican SWialty Insurance Company
<br />On 1) 2,111, 1 cl,"ryl (Seal)
<br />ollness)
<br />......
<br />'titleArhomas 0. Chambers, AttorintiAri-Fact,
<br />AIA Document A31011 — 2010. Copyright 01963. 197�D and 2010 by The American Institute of Architects. All rights reserved, WARNING: This AIA'
<br />init. Document Is protected by U.S. Copyright Law and International Treaties. Unauthorized reproduction or distribution of this AIA" Document, or
<br />any portion of it, may result in severe civil and criminal penalties, and will be prosecuted to the maximum extent possible under the law.
<br />Purchasers are permitted to reproduce ten (10) copies of this document when completed. To report copyright violations ofAIA Contract Documents, e-mail
<br />The American Insillute of Architects' legal counsel, copyright@aie.org. GwIlo
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