1627 126TH ST SE 2016-01-01 MF Import

NOW, THEREFOF2E, THE CONDITION OF TH1S OBLIGATIOA' IS SUCH, tha+ if the Principal and Surety warrant the performance and guarantee workmanship and materiels used by meking repairs, correcting deflclencies snd performing emergency maintenance on all improvcments described above plus all appurtenant devices associated therewith for s pedod of not less than�yearis) from 12-21-06 . Principal and Surety agtee to seve the Ciry harmless from any loss, tost or demage by reeson of Principal's failure to make rcpairs, correct deficiencies and perform emergency maintenance for the required period of time. Principal and Surety further agrec to promptly reimburse the City for cmergency repairs and�ar matntenance. Necescary repairs shall be perfarmed by the Principal on recefpt of seven (7) days written notice from the Ciry scnt to the address noted below directing perfotmance of such work. lf the principal shull fail to makc said repnirs, the City may perform the work and the cost of the work shall be paid to the City by the Principal or Surety. At thc end of �ears(s) oC meintenance by the Principnl, the Ciry shall inspect the improvement together with ali other uppurtenant devices asyuciuted therewith and if this obligation has been satisfted to the satisfaclion of the City Engineer, thcn this obligation shall he void, othen+�se to remain in full forcc and cffcet In the event the Ciry is required to institute litigation to obtain performance pursuant to this bond, Principol and Surety agree to pay all rcasonable attomcy's fees and cost wnich are incurred bv the Citv. SICNED ArD STALED nnd DELIVERED thisJ�daY ]0325�Airpo t�Wy, Snohomish, WA 98296 Address Indemnitv Comnany of Cnli£ornia �i FACtKaren I."St�E�[anson