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� • i i . __ � .,� <br /> �YS1�� <br /> , . _ 1 .. , <br /> ---�— --r--�--- <br /> f, <br /> t , <br /> ... .. • � • • I . <br /> 1 <br /> � If the CONTItACTOF, after notice� fails within ten (10) days to pmcead to <br /> comply with the taxms of this guarantee, the CITY may have the defect <br /> cozrected, an3 �ubmits the cost of such correction to the BANK who shall <br /> pay such amount submitted after ten (10) days notice to CONTRACTOA, up <br /> to thc, amuunt held by BANK: provided, however, thnt in the case of an <br /> � eme:cgency wheru, in the opinion oE the City Enqineer, delay would causa <br /> sericus loss or damage, repairs may be :nade without notice to the <br /> CONTRACTOR and the CONTRACTOR shall pay Uia cost thereo£ up tA the . <br /> � aimunt held by BANR pureuant to thie warranty. <br /> I 4. IE CONTRACTOR fully and faithfully performs hia obligationa within tha <br /> i <br /> requisite tlme period as described in paraqraph three (3) , the CI'CY ahall � <br /> by written instnunent relinquish ita intereat in said bank account. { <br /> I I <br /> � 5. CONTRACTOR hereby instructs eANK that said savings account ahall not I <br /> I <br /> ' be paid to CONTAACTOR unless he shall present written evidanca oE CITY's <br /> � <br /> irelease of its interest in said savings accaunt. <br /> � - 6. CONTAACTOR hereby agreea that if BANK charges any fea or service ' <br /> ( r.harge for maintaining said savings account pursuant to this Agreement, I <br /> � � <br /> � it shall be hia Eole responsibility. HANK may deduct such fee, if any, i <br /> I from the accrued interect of the monies deposited in caid account prior i <br /> ` to disburaement of the funds pursuant to this Agreement or �leduct that I <br /> �,I amount at the time of tlie disbursement. If said fea or servi.ca charge i <br /> exceeds the nmoant of accrued intere�t and in the event the funds are <br /> disbursed to CITY, CITY s'�all be entitled to recover from CONTRACTOR the II <br /> 1 <br /> difference between the amcunC disbursed and tha original amount of the j <br /> � <br /> �; security Aeposit as specifiecl in paraqraph two (z1 rhove. � <br /> ' `^� ..1� <br /> I Th�, undersigned have, read and under�tand the ���provisi�^- _ <br /> exec:ute this A�?reement on this � _ day of � <br /> . i CIT`t OF EV6RETT � C��ECa <br /> � , <br /> �� _'�� <br /> ��r•. oF a���u�c;�o�. <br /> � ss. R� Ceytall <br /> ST. oh�.ah��.. e� �— 1 <br /> � Counq' of��_ully oPP�aceS bc(occ ^' � <br /> d��Y Pr�' �' d (o�egoing instcumcnt �^�� �Y <br /> � Oa ��'�s `���- �� n�id�in �n decJ � <br /> � �'` �ied the � aci nnd <br /> . � ��� J aho cxen nd volw�tac <br /> � �� �� _�� d in nnS hi�(rc� a f�D <br /> ol__S�Secibe <br /> _� inSi.•ida d i1x snmc as� ri1 • ��� � <br /> �i opn io bc d�c sysnc ,�� d�y�.J <br /> he th 7��. .� <br /> �o mc kn � thnt.�� 1 ihis��� <br /> eJ to m ed. udo��icinl seu •-�E'' 1.`, ...r'' . <br /> ledF mcn�ion �,m�dn .�rl. <br /> I nc�:POW �c II�Ctc10 �nrirr mY `.�'� � _ <br /> „�e I�ii ..r . �.l �+�:3.� J <br />