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BID GUARANTY <br /> Bidder herewith guarantees its bid by depositing one of the following with its bid/proposal in an amount of <br /> five percent(5%) or more of the bidder's total bid/proposal: <br /> f7 <br /> CI Cashiers cheek: <br /> J M4 BOW <br /> Signature: <br /> . ................................... ......... <br /> Pro.,lee <br /> KNOW ALL MEN BY THESE PRESENTS, <br /> tit [Contractor] a c oration <br /> organized under the lawsof State cid a3attregistered to do huatiessit t <br /> State;o Washingtp as a contractor,as:Principal,acid <br /> [Surety] a co po do <br /> organized under the laws of the State of and registered to transact business:in <br /> the State of Washington,as Surety,:their.heirs,executors, administrators,successors and <br /> assigns, are jointly and severally held and bound to the City of Everett Washington, <br /> hereinafter called"City",and are similarly held and bound-unto the City in the sum`of <br /> and /100's Dollars(S ),the payment of <br /> which,well and truly to he paid,we bind ourselves, our heirs,executors and successors,. <br /> jointly and severally, formally by these presents. <br /> NOW, THEREFORE, the condition of this obligation is such that the Surety is held and <br /> bound to the City to pay and forfeit to the City the amount of this bond as provided herein, <br /> upon the conditions contained herein, unless the conditions for release contained herein are <br /> satisfiedor expressly waived in a writing signed by the City Attorney. <br /> It is expressly understood and agreed that: <br /> 1. Bidder and Surety, jointly and severally, bind themselves, their heirs, executors, administrators, <br /> successors and assigns to pay to the City upon default of Bidder the penal sum set forth on the face of this <br /> Bond. <br /> 2. Default of Bidder shall occur upon the failure of Bidder to deliver within the time required by the <br /> Bidding Documents the executed Agreement required by the Bidding Documents, any performance and <br />