1978-0216_BELFORD TERRACE_Subdivision Bond No. 006251Covuldlrt
COVEN• MUTUAL INSURANCE COMPANY •
SUBDIVISION IMPROVEMENT BOND
FAITHFUL PERFORMANCE (CALIFORNIA)
Bond No. 006251
Initial Premium $ 9,395.00
KNOWALL MENBY THESEPRESENTS, That =FORD 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 SAH JUAN CAPISTRANO , as Obligee,
in the sum of Five Y me TrA011111andDollars ($ 521,927.00 ),
for the payment whereo , wel an tmly to be ma e, sai rincipal and Surety bind themselves, their heirs, administrators,
successors and assigns, jointly and severally, firmly by these presents.
THE CONDITION OF THIS OBLIGATIONIS SUCH, That WHEREAS, the Principal on
19_ entered into a certain Agreement or Contract with the Obligee wherein the Principal agreed to complete the
following improvements:
I111PROVDIMITS , TRACT NO. 9382
as more fully set forth in said Agreement.
NOW, THEREFORE, if the Principal shall well and truly perform and fulfill all of the covenants, terms and conditions of
the said Agreement, then this obligation shall be null and void; otherwise to remain in full force and effect. Provided,
however: 1) That the consent of Surety shall be required for any extension of time to complete said improvements; 2)
That no right of action shall accrue hereunder to or for the benefit of any person, firm or corporation other than the
Obligee named herein.
Signed, sealed and dated JANUARY 9 1918 .
(ftecuted in Triplieate)
COVENANT MUTUAL INSURANCE
By
260 S.Los Robles. Pasadena. CA.91101
Address
State of California
County of Los Angeles ss.
On this
9th
BARBARA BLUMER
day of January , Ips$ , before me personally came
to me known, who being by me duly sworn, did depose and say: that he is Aftorney(s)-in-Fact of Covenant Mutual
Insurance Company, the Corporation described in and which executed the foregoing instrument; that he know(s)
the seal of said Corporation; that the seal affixed to said instrument is such corporate seal; that it was so affixed
by authority granted to him in accordance with the By -Laws of the said Corporation, and that he signed his name
thereto by like authority.
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My Commission Expires Sept. 29, 1980
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