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3. Until written release of this obligation by the City, this bond may not be terminated or canceled <br /> by the Principal or Surety for any reason. Any extension of time for the Principal's performance <br /> on the Contract, assignment of obligations under the Contract, or Contract alteration, <br /> amendment or change order shall not release the Surety from its obligation under this bond. <br /> 4. RCW Chap. 60.28 authorizes the City to substitute a retainage bond in lieu of earned retained <br /> funds and the Surety hereby waives any defense that this bond is void or otherwise not <br /> authorized by law. <br /> 5. Any claim or suit against the City to foreclose the liens provided for by RCW Chap. 60.28 shall be <br /> effective against the Principal and Surety and any judgment under RCW Chap. 60.28 against the <br /> City shall be conclusive against the Principal and the Surety. <br /> 6. The laws of the State of Washington shall apply to the determination of the rights and obligations <br /> of the parties hereunder. Venue for any dispute or claim hereunder shall be the state courts of <br /> Washington in Snohomish County, Washington. <br /> SIGNED AND SEALED THIS 9th of February , 201418 <br /> Service Electric Co., Inc. <br /> Principal <br /> By <br /> Typed/Printed Name: T? d R •V altSICK <br /> Its ?rr5 I dent' <br /> Fidelity and Deposit Company of Maryland <br /> Surety <br /> By ) A CtCk..s <br /> Typed/Printed Name: Roxana Palacios <br /> Attorney-in-Fact <br />