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1980-0812_BELFORD TERRACE_Subdivision Bond No. 00625 B0 0 group COVENANT MUTUAL INSURANCE COMPANY SUBDIVISION IMPROVEMENT BOND LABOR AND MATERIAL (CALIFORNIA) KNOW ALL MEN BY THESE PRESENTS Bond No.—W6251— R That Belford Terrace as Principal, and the COVENANT MUTUAL INSURANCE COMPANY, a Corporation organized and existing under the laws of the State of Connecticut and authorized to transact surety business in the State of California, as Surety, are held and firmly bound unto City of San Juan rapiitrm for the use and benefit of any and all persons entitled to file claim under Section 11612, Business and Professions Code of the State of California, in the sum of Thi rty Si X thottsand Moll 00 Dollars ($ 36,000.00 ), for the payment whereof, well and truly to be made, said Principal and Surety bind themselves, their heirs, administrators, successors and assigns, jointly and severally, firmly by these presents. THE CONDITION OF THIS OBLIGATION IS SUCH, That WHEREAS, the Principal entered into a certain Agreement or Contract with the Obligee, dated the day of , 19_ , wherein the Principal has agreed to complete the following improvements: Subdivision Impoa ants. Tract No. 9382 as more fully set forth in said agreement. NOW, THEREFORE, if the Principal shall pay Contractor, his subcontractors, and persons renting equipment or fur- nishing labor and materials to them for the improvement then this obligation shall be null and void; otherwise, to remain in full force and effect. THE AGGREGATE LIABILITY of the Surety for any and all claims hereunder shall in no event exceed the sum specified in this bond. TIME FOR FILING SUIT on this bond shall be limited to six (6) months from date of completion of said improvements as "completion" is defined under applicable sections of the Civil Code of the State of California. Signed and sealed this 12th day of A000t , 19 80. Belford Terrace Principal L Arthur J:-t1emW1 Jr. Address INSURANCE COtAPANY GOVENANT T MUUAL AGENCY' INC. Ty GENERAL C/O SO C;OA1 SUR AVENUE SUITE NO-" 10 ,A 1 9110, CAyIFORNIA State of California County of Los Angeles ss. On this 12 day of August 19-aQ before me personally came Arthur J. Clement, Jr. to me known, who being by me duly sworn, did depose and say: that he is Attorney(s)of Covenant Mutual Insurance Company, the Corporation described in and whishexecuted the foregoing instrument; }ha a knows) the seal of said Corporation; that the seal affixed to s ins+rum Is such'corpo to seal• fha it, t was s affixed by authority gR,gntpd to him in accordance with the By -Laws o he said C- ora+j n, and t signed his name �•x «,,,,«,««««,««,««„��««««,«,�««��,,,«« / J thereto b! 1ike'-0-ul�ority.«,"«„ o�Ficiai. s�AL ,s � ,j, ,,;, fiAIF;i- A SCHMAUSS ^9TAFY PV6VC ^0.LFORNIA '”"�"Ph;� PR:NGl F,4L Cf HCF IN Com -1:c , Exr,!IS Apel 3U, 1982 C (Notary Public)