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A� <br />FROM tEXXEL PRC INC 360 671 ^E16 1997.12-�5 09�45 N836 P.04/04 <br />WHL•REAS, Principal h?s a�resd ta ccrostruct the improvements at thc fopowing locaiiun which iti <br />lo(�ted in the City of 6verelt, Counry af Snohomish, SUile af Weqhington, and is describecl xs <br />foJ1Uw5: STREF,2 J.MPROVEMENi5, SP�KAN£ ARIVE M_ <br />; 8nd <br />WHCRL':AS, the �vity is requiring thc Princi�al tn pruvlde a bond guaranteeing the cCmslruction pf <br />said improvcments. <br />NOW, 1'HERHFt�itB, TIiFi C.OND1T10N OF TH1S OHJ,ipAT10N 15 SlJCH, thal. if the s8id <br />Piincipal shall consrKic�, or have ennstruetc�, on or befon the 3ra day ef lanuary ,�gt�, � <br />ar �l such Glrlier dale whCn toquestecl to da so by lhC City, the Impto�aments hercin dcuribetl in <br />ac�:ord�nce with apptoved pinns and in conformance wilh Ciry xtu�dard specifcatirnu, ie thc <br />salisfactinn of the C'fy L•ngineet, and shall s.1��e thc Cily harnt1C55'from Atiy loss, tost or damagc h�• <br />re:�son pt its feilure to eomplate aaid imprmcmcncs, Ihen this obligatio0 sh111 be null ;tncl vaid; <br />4thcrwi�c to remain in full force and cifcet. <br />In tlie cvent the Ci�y is requi�rd to inslitutc litilatian to obtain padorrnancc putsuant lo this bonJ, <br />Pnncipal and Surctp agrcr. w pay all ri_asonable atrornry'S tecs and costs which �re incurrcd hy 1hc <br />City. <br />til(�NEll, SL•AL1:D and DELIVL'KL"ll IhiS 313 day of .tanuary �, 199G,_, <br />w•teM lkcuotirr7.77i) <br />�z <br />ERXEL PACIFIC, INC. <br />BY: <br />PRINCIPAL • <br />SAFECO INSURANCE COMPANY OF <br />AMERICA „,,, <br />SURETY <br />BY: __ . <br />AARLENE JAKIELSKI, <br />A'fTORNL•Y 1N 1'AC"I' <br />