HomeMy WebLinkAboutBergeron Land Development, Inc. Labor and Materials Payment Bond Form -1997 07 03
SECTION 00620
LABOR AND MATERIALS PAYMENT BOND FORM BOND # SUN 320642
Bergeron Land Development Inc.
THIS INSTRUMENT WITNESSETH: That we (1) a (2) Corporation
organized under the laws of the State of F1 or i da and regularly authorized to do business in
the State of (3) Florida as Principal, and we (4)Hartford Accident & Irgl~nity Co. Corporation
organized under the laws of the State of Conn, and regularly authorized to do business in the State of (3)
F 1 o r i des Surety, are held and firmly bound unto ~)ty of Winter Sp r i R®~einafter called the Owner
in acc with a Contract hereinafter referred to, in the penal sum of (6) Four hundred forty-nine Thousand
Dollars (5449,000.p~vrful money of the United States, well and truly to be paid unto the said Owner, for the
payment of which we bind ourselves, our heirs, executors, administrators, successors and assignees, jointly
and severally, firmly by these presents. WHEREAS, the said principal has entered into a written contract with
the Owner dated for work designated as Hayes-Moss-Panama Roads located in
Winter S r~ i nasconformity with Contract Documents hereby referred to and made a part hereof, the same
to all intents and purposes as if written at length herein, in which Contract the said Principal has contracted to
perform the work specified in said Contract in accordance with the terms thereof;
NOW, THEREFORE, the condition of this obligation is such that if the Principal shall faithfully satisfy all claims
and demands incurred by the Principal of said Contract, and shall pay all obligations arising thereunder, and shall
fully indemnify and save harmless the Owner from all cost and damage which the Owner might suffer by reason
of the failure of the Principal to do so, and shall fully reimburse and repay to the Owner all costs, damages, and
expenses which the Owner may incur in making good any default by the Principal, and shall promptly make
payment of prevailing wages to all persons supplying labor, equipment or materials for use in the prosecution
of the work, whether by subcontractor or otherwise, and including all insurance premiums on said work as
provided for in such Contract, then this obligation shall be null and void, otherwise it shall remain in full force
and effect.
IN ADDITION, the Principal and Surety, jointly and severally, expressly guarantee that the Owner will be held
harmless from any liens, claims, demands or obligations in conjunction with materials or services provided with
respect to this Contract. This bond shall remain in effect for a period of one year from the date of final
acceptance. The Owner may sue on this Bond, and any person furnishing material or performing labor, either
as an individual or as a Subcontractor, shall have the right to sue on this Bond in the name of the Owner for his
use and benefit. The said Surety, for value received, hereby stipulates and agrees that no change, extension of
time, alteration or addition to the terms of the Contract or to the Work to be performed thereunder or the
Contract Documents accompanying the same shall in any way affect its obligations on this Bond, and it does
hereby waive notice of any such change, extension of time, alteration or addition to the terms of the Contract
or to~the Work or to the Contract Documents.
PROVIDED, FURTHER, that no final settlement between the Owner and the Contractor shall abridge the right
of any beneficiary hereunder, whose claim may be unsatisfied.
(1) Contractor
(2) Sole Proprietor, Partnership or Corporation
(3) State in which project is located
(4) Surety
(5) Owner
(6) 100 percent of the Contract
00620-1
' ~ iN WITNESS WHEREOF, this instrument is executed i. several counterparts, each one of which shall be deemed
an original, this the 3rd ~-~ day of 1 'f 19 ~7
(SEAL) (1} -`Berger and De a pme , Inc.
Bye
a)~Be,rgeron, President
(SEAL) (2} Hartford Accident and Indemnity Company
B•
Title: Robert M. Welsh
(Attorney in Fact)
1 i) contractor
(2} Surety
END OF SECTION
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