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ANNUAL PERFORMANCE BOND <br /> BOND No: <br /> KNOW ALL MEN BY THESE PRESENTS that (hereinafter called <br /> Principal), and (hereinafter called Surety),are held and firmly bound unto the <br /> (hereinafter called Obligee), in the full and just sum of <br /> DOLLARS($ ), to the payment of which sum, well and truly to be made, the <br /> said Principal and Surety bind themselves, their and each of their heirs, administrators, executors, successors and assigns, jointly and <br /> severely,firmly by these presents. <br /> WHEREAS, the above bounded Principal has entered into a certain written contract with the above mentioned Obligee dated <br /> for for a period of ONE(1)YEAR with renewal at <br /> the sureties discretion, which contract is hereby referred to and made a part hereof as fully and to the same extent as if copied at length <br /> herein;and, <br /> WHEREAS,the Obligee has agreed to accept a bond guaranteeing the performance of said contract for a period of ONE(1)YEAR <br /> NOW, THEREFORE, THE CONDITION OF THE ABOVE OBLIGATION IS SUCH, that if the above-bounded Principal shall well and <br /> truly keep, do and perform, each and every, all and singular, the matters and things in said contract set for and specified to be by <br /> the said Principal kept, done and performed, at the time and in the manner in said contract specified during the term of this bond, <br /> and shall pay over, make good and reimburse to the above-named Obligee,all loss and damage which said Obligee may sustain by <br /> reason of failure or default on the part of said Principal, then this obligation shall be void otherwise to be and remain in full force and <br /> effect. <br /> PROVIDED,however,that this bond is subject to the following conditions and provisions: <br /> 1. The bond is for the term beginning and ending <br /> ® 2. In the event of default by the Principal in performance of the contract during the term of this bond, the Surety shall be liable <br /> only for the loss to the Obligee due to actual excess costs of performance of the contract up to the termination of this bond and <br /> in no event shall the liability of the surety exceed the penal sum of this bond. <br /> 3. No claim,action,suit or proceeding,except as hereinafter set forth,shall be had or maintained against the Surety on this <br /> Instrument unless same be brought or instituted and process served upon the Surety within twelve months after the completion <br /> of the contract. <br /> 4. Neither non-renewal by the Surety, nor failure, nor inability of the Principal to file a replacement bond shall constitute loss to <br /> the Obligee recoverable under this bond. <br /> 5. This bond may be extended for additional terms at the option of the Surety by continuation certificate executed by the Surety. <br /> Signed and sealed this day of <br /> PRINCIPAL <br /> BY <br /> Witness , (TITLE) <br /> SURETY <br /> BY <br /> ®Witness ATTORNEY-IN-FACT <br />