7627 UPPER RIDGE RD 2016-01-01 MF Import

. � The payment leature nf this bond is conditioned upon the Obligee having fully perlormed the Obligee's obligations under the terma of the contract, plus the :ailowing conditions: (11 A claimant is defined as one having e direct contract with the PFincipal or with a subcontractar of the Principal far labor, material, or both, used or delivered to jabsite for use in the performance of ths contract, labor and material being construed ta include that part af water,gas, power,light, heat,oil,gaaline,telephone service or rental of equip- ment directly applicable to the contract. (21 The above named Principal and Surery hereby jointly and severally agree with the Obligee that every claimant as herein defined who has not been paid in full before the ezpiration of a period ninery 190) days after the date on which the lest of such claimant's work or labor was done or peAormed. or materials were furnished by such claimant, may sue on this bond for the use oi such claimant, prosecute the suite to final judgment for such sum or sums as may be justly due claiment, and have ezecution thereon. • (3► No suit or action shall be commenced hereunder by any claimant: IalUnless claimant other than one having a direct contract with the Principal, shall heve given written notice to any two of the followinp; tha Principal, the Obligee, or the Surety.above named, within ninety 190) days after such cleimant did or pertormed the last of the work or labor, or turnished the last of the materials for which said claim is made,stetinp with substantial accwacy the amount claimed and the name of the party to whom the materiala waro fumiahed, or for whom the work or labor was done or performed. Such notice shell be aerved by mailiny the sems by repistered mail or cert�ed mail, postape prepaid, in an envalope addressed to the Principsl, Oblipes or Sw aty, at eny piace whero an office ia ragulerly maintained for the tranaaction of buainea, or asrved in any manner in whkh kpal proca�mey be aerved in tha atets in which thn aforexid project is located aave that wch service nesd not be mWe by a public officx. ' IblBeyond on� (1) ys�r from ths furniehing of the lett materials a the performance o} ths last labor. UI The amount of this bond shall be reduced by and to the eztent o( any payment or paymenb made in guod taith herounder, inclusiw of tM payment by Surety of inechaniu'tiens which may be filed of record ageinat eaid improvs-' ment, whethx or not cleim for the emount oi euch lien be presented under and against this bond. Signed and eealed thit 19th day of .lanuary A.D., 19 Ra ,in the presence of: Furchase Enterpriaes Corpotation By �f/, / ,� O/IeS�U�T (Seel) Pri al INTEGON INDEMNITY CORPORAT ON ey��t�/' ISeall Attorney in Fact William C. helly, Surery I