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0 : • E <br />CONTRACTOR: <br />(Name, legal status and address) <br />Berglund Construction Company <br />8410 S. South Chicago Avenue <br />Chicago, Illinois 60617 <br />OWNER: <br />(Name, legal status and address): <br />BOND AMOUNT: Five Percent <br />TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA <br />Hartford, Connecticut 06183 <br />SURETY: <br />(Name, legal status and principal place of business) <br />Travelers Casualty and Surety Company of America <br />One Tower Square <br />Hartford, CT 06183 <br />City of South Bend, Indiana <br />Department of Public Works <br />227 West Jefferson Blvd., Suite 1316 <br />South Bend, Indiana 46601 <br />( 5% ) <br />PROJECT: <br />(Name, location or address, and Principal number, if any) <br />Wayne Street &Leighton Plaza <br />Parking Structures Repairs 2019 <br />South Bend, Indiana <br />The Contractor and Surety are bound to the Owner in the amount set forth above, for the payment of which the Contractor <br />and Surety bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, as <br />provided herein. The conditions of this Bond are such that if the Owner accepts the bid of the Contractor within the time <br />specified in the bid documents, or within such time period as may be agreed to by the Owner and Contractor, and the <br />Contractor either (1) enters into a contract with the Owner in accordance with the terms of such bid, and gives such bond or <br />bonds as may be specified in the bidding or Contract Documents, with a surety admitted in the jurisdiction of the Project <br />and otherwise acceptable to the Owner, for the faithful performance of such Contract and for the prompt payment of labor <br />and material furnished in the prosecution thereof; or (2) pays to the Owner the difference, not to exceed the amount of this <br />Bond, between the amount specified in said bid and such larger amount for which the Owner may in good faith contract <br />with another party to perform the work covered by said bid, then this obligation shall be null and void, otherwise to remain <br />in full force and effect. The Surety hereby waives any notice of an agreement between the Owner and Contractor to extend <br />the time in which the Owner may accept the bid. Waiver of notice by the Surety shall not apply to any extension exceeding <br />sixty (60) days in the aggregate beyond the time for acceptance of bids specified in the bid documents, and the Owner and <br />Contractor shall obtain the Surety's consent for 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 be <br />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, any <br />provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herefrom and provisions <br />conforming to such statutory or other legal requirement shall be deemed incorporated herein. When so furnished, the intent <br />is that this Bond shall be construed as a statutory bond and not as a common law bond. <br />Signed and sealed this 23rd day of July 1 20 19 <br />(Wines <br />%Zv <br />(Witness) 7-4 <br />Berglund Construction Company <br />(Priaci a (Seal) <br />(Title) Jack Tribbia, President - Restoration <br />Travelers Casualty.and Su et Company of America <br />)S� ...�.�(Seal).... <br />(Title) Gina M. Damato Attorney'.ln-l=act <br />The Company executing this bond vouches that this document conforms to American Institute of Architects Document A310, 2010 Edition <br />