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OTM
<br />L Document A31 -2010
<br />CONTRACTOR: SURETY;
<br />(A?atne, legal status and address) (Narne, legal status andprincilml place
<br />Indiana Earth, Inc, qfbusiness)
<br />10343 McKinley Highway North American Specialty Insurance CompanYhIs document has important legal
<br />Osceola, IN 46561 650 Elm Street
<br />Manchester, NH 03101
<br />consequences. Consultation with
<br />OWNER:
<br />an attorney is encouraged with
<br />(Alarne, legal status 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***
<br />other party shall be considered
<br />plural where applicable.
<br />PROJECT:
<br />(Name, location or address, and Project number, if any)
<br />Ironwood Drive Sidewalk - Project No. 117-03SA
<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, a(firlinistrators, 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 conflicting with said stattitory or legal requirement shall be deemed deleted herefirom and
<br />provisions, co arming to such statutory or other legal requirement shall be deemed incorporated herein. WI1Vn so
<br />furnished,Xc intent is that thiXtond shall be construed as a statutory bond apd notes a comraofilaw bofd/,
<br />Signe44nd sealed / 12th day of
<br />North
<br />(Tide)
<br />Thomas 0. Chantbers, Attorney -in -pact
<br />(Seat)
<br />AIA Document A310- — 20110, Copyright 0 1963, 1970 and 2010 by The American Institute of AreNtects. All rights reserved. WARN!
<br />Init, Document Is protected by U.S. copyright Low and International Trestles, Unauthorized reproduction or distribution of this AIA" Docurvieni, 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 ;4w.
<br />Purchasers are permitted to reproduce ten (10) copies of thfs document when completed. To report copyright violations of AIA Contract Docorryants, e-rna4
<br />The American Institute of Archilects' legal counsel, copyright@ala,org, Ds'i oC
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