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PERFORMANCE BOND <br />(Page 2 of 2) <br />PROVIDED, HOWEVER, that this bond is subject to the following conditions and provisions: <br />1. This bond is for the term beginning August 14, 2011 and ending August 14, 2012 _ <br />2. In the event of default by the Principal in performance of the contract during the term of this bond the Surety <br />shall be liable only for the loss to the Obligee for actual excess costs of performance of the contract up to the <br />expiration of the term of this bond and in no event shall the liability of the Surety exceed the penal sum stated <br />in this bond. <br />3. No claim, action, suit or proceeding, except as hereinafter set forth, shall be instituted or maintained against <br />the Surety under this instrument unless same be brought or instituted and process served upon the Surety <br />within one year after the expiration of the term of this bond. <br />4. Neither non - renewal by the Surety, nor failure, nor inability of the Principal to file a performance bond for <br />subsequent terms under said contract shall constitute loss to the Obligee recoverable under this bond. <br />5. The bond may be extended for additional terms at the option of the Surety, by continuation certificate executed <br />by the Surety and the Principal but regardless of the number of extensions for additional terms and the number <br />of premiums which shall be payable or paid, the liability of the Surety hereunder shall not be cumulative from <br />year to year nor period to period. <br />6. No right of action shall accrue on this bond to or for the use of any person or corporation other than the Obligee <br />named herein or the heirs, executors, administrators or successors of the Obligee. <br />Signed and sealed this I st day of July 2011 <br />Stockton Maintenance Group, Inc. SureTec Insurance Company _ <br />nncipa (Surety) <br />By. <br />'Douglas - iordan, Presi Patricia L. Slaughter - Att ey in Fact <br />& FL Licensed Resident Agent (407) 786 -7770 <br />