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� � <br /> , � <br /> � � t�y..:. . <br /> ,� q� ASSIGNAIENT OF SAVINGS ACCOUNT <br /> ' �� � AS SECURITY FOR PERFORhiANCE <br /> i „� <br /> � <br /> � . <br /> The undersigned, _ ��l] ¢}���� ��N pyherein referred to as <br /> "CONTFACTOR," hereby ngrees with the �ity oi Evereti, a m nicipal corporation. <br /> herein referred to as "CITY," to assign a savings uccount to �ity in lieu ot a per- <br /> tormance bond pursuant to the terms and conditions of this ngreemeni. <br /> CONDITIONS � <br /> � !, <br /> � ��1. CON:RACTOR has es;�blished a savings acconnt at ���' _.�. ' <br /> \p \ ��. � , here' referred to as "BANK.^ <br /> '� t ,� 1 <br /> °� loca d at � � � ,...,� Q ,�, �c;_.,. <br /> The aecount number of said bnnk account is (} l�h 9 .30 � <br /> 2. The amount of money on deposit at BANK in the account identified abwe bj number <br /> is GJ f��Q US A•�, [1�/f�7LS dollars (S�_ UQn — ) . <br /> 3. CONTRACTOR hereby assigns said savings account to CITY to secure his perfor <br /> mance of the follotiving: _� � , <br /> - � <br /> : To brin� the dwelling into compliance with the City Housing Code by <br /> repair, installin� or providin2 the folloivin�• <br /> 1. Netv foundarion. <br /> • . - 2 ' _ptpptri��l e3refem t� ha hrrnir�hY nn to e^c�d ' <br /> 3. New plumbing system. <br /> ' 4. . heuting system. to be brought uo to code. <br /> . ew roo covering. <br /> • � 6. New �vindows and doors and interior weLlls. . <br /> > to the satisfacrion of the Building Official. <br /> 9. The time period during which CONTRACTOR shall perform the activity described <br /> above in paragraph three (3) is ttvo hundred forty (240) days <br /> 5. It CONTRACTOR full�� and faithtully performs his obligarions tivithin the requisite <br /> time period as described in paragraphs three (3) nnd four (4) , the C1TY shall by <br /> �vritten instrument relinquish its interest in said BAATK account. <br /> 6. If CO\TRACTOR fails to fully and faithtully perCorm his obligarions tivithin the <br /> requisite time period as deseribed in paragraphs three (3) und four (4) . snid <br /> • � � <br /> savings account shnll be payable'to C[TY. IJpon presentation of an aCGdu�zt of <br /> � non-performance as hereinabove described, BA,�`K shnll pny the amount of the <br /> savings account to CITY; CONTRACTOR a�rces to hold nnd snve BANK hurmtess � <br /> [or such payment upnn Present:ition of snid nffirl:rvit. <br /> .. .. _ . '. . � . . .. _ • . - . : . ' ' , <br /> _,�,. <br />