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Granite Re, Inc. <br />Bond# GRIN25250B <br />MAINTENANCE BOND <br />KNOW ALL MEN BY THESE PRESENTS, That We, the undersigned <br />R YODER CONSTRUCTION, INC. as Principal <br />....._. <br />and Granite Re, Inc., a corporation organized under the laws of the State of Oklahoma and duly <br />authorized to do business in the State of Oklahoma, as Surety, are held and firmly bound unto: <br />City of South Bend in the penal sum of <br />**** Forty -Eight Thousand One Hundred Sixteen and 61/100 <br />_ **** <br />.............................. <br />($ 48,116.61 _ ) Dollars, for the payment of which well and truly to be <br />made, we hereby jointly and severally bind ourselves, our heirs, executors, administrators, successors, and <br />assigns. <br />Signed this 5th _ day of November 20 18 <br />THE CONDITION OF THE ABOVE OBLIGATION IS SUCH, That whereas, the above named <br />Principal did on the 13th day of March _ _ 20 2018 enter into a <br />contract with the <br />City of South Bend <br />for: Hibberd Plaza and Streetsca e; <br />Project No. 117-063R <br />AND, WHEREAS, the specifications of said construction contract provide that upon final acceptance by Obligee <br />said Principal shall furnish a maintenance bond for the sum amounting to **** Ten **** percent (_ <br />10 %) of the contract price, and to remain in full force and effect for the period of <br />Three ( 3 ) year(s) from the date of acceptance, as therein stated in said specifications; the <br />said work having been duly accepted by said obligee. <br />NOW, THEREFORE THE CONDITION OF THIS OBLIGATION IS SUCH, That if the Principal shall make good <br />all defects appearing in the work performed by Principal due to faulty workmanship or materials which may <br />Three �) year(s) from the date of completion and final <br />develop during the period of........�.�............................ <br />acceptance of said work, then this obligation shall be void; otherwise to remain in full force and effect. <br />R YODER CONSTRUCTION, INC. <br />Principal <br />3 w_ <br />Title," <br />gGr,.trYileRe, 111.e,._ <br />S urety <br />BY: <br />Connie Smith Attorney -in -Fact <br />G R0709-24 <br />