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1988-0621_BLAIR PAVING, INC_Perf Bond No. 0284392Executed in Three Counterparts Premium: $254.00 • • Bond No. 0284392 PERFORMANCE BOND KNOW ALL MEN BY THESE PRESENTS: That Blair Paving, Inc. as Principal, hereinafter called CONTRACTOR, and Great American Insurance Compartiy as Surety, hereinafter called SURETY, are held and firmly bound unto the City of San Juan Capistrano, as Obligee, hereinafter called CITY, in the amount of Fifty Two Thousand Eight Hundred Seventy One and 00/100------ Dollars for payment whereof Contractor and Surety bind themselves, their heirs, executors, administrators, successors, and assigns, jointly and severally, fairly by these presents. WHEREAS, Contractor has by written agreement dated entered into a (describe agreement): Asphalt Concrete Overlay of Camino Capistrano, I-5 Ramps at San Juan Creek Road to 1700 feet South which contract is by reference made a part hereof; NOW, THEREFORE, the condition of this obligation is such that, if Principal shall promptly and faithfully perform said agreement, then this obligation shall be null and void; otherwise it shall remain in full force and effect. Surety waives whatever legal right it may have to require that a demand be made first against the principal in the event of default. BE IT FURTHER RESOLVED, that: 1. As a part of the obligation secured hereby, and in addition to the face amount specified, there shall be included costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by City in successfully enforcing such obligation, all to be taxed as costs and included in any judgment rendered. -20- STATE OF CALIFORNIA COUNTY OF Alac g�- OFFICIAL SEAL STACY R. ANDERSON NOTARY PUBLIC—CALIFORNIA PRd1CIPAL OFFICE IN ORANGE COUNTY MY Commission Expires Oct. 22, 1991 ACKNOWLEDGMENT—Corporation—Wolcotts Form 222CA-X—Rev. 5-82 ©1982 WOLCOTTS, INC. (price class 82) On this 3/WC day of in the year 19—LY, before me, the undersigned, a Notary Public in and for said State, personally appeared , personally known to me (or proved to me on the basis of satisfactory evidence) to be the person who executed the within instrument on behalf of the Corporation therein named, and acknowledged to me that the Corporation executed it. WITNESS my hand and official seal. RJ CGr-�n�cN Notary Public in and for said State. State of CALIFORNIA On June 3, 1988 before me, the undersigned, ss. a Notary Public of said county and state, personally appeared County of ORANGE Diana Laskowski personally known to me to be the Attorney -in -Fact of Great American Insurance Company the Corporation that executed the within instrument, and known to me to be the person who executed the said instrument on OFFICIAL msµ, behalf of the Corporation therein named, and acknowledged to DEBORAH A HILL me that such Corporation executed the same. Notary Pulsillo-Oliffifornia ORANGE COUNTY My Camm. Exp. Jan. 3, 1992 NOTARY PUBLIC 0 0 2. Said Surety, for value received, hereby stipulates and agrees that no change, extension of time, alteration, or modification of the contract documents or of the work to be performed thereunder, shall in any way affect its obligations or this bond, and it does hereby waive notice of any such change, extension of time, alterations, or modifications of the contract documents or of work to be performed thereunder. Executed this 3rd day of June 19 88 , at Anaheim , California. APPROVED AS TO FORM H PRINCIPAL Blair Paving, Inc. (NOTARIZATION AND SEAL) SURETY Great American Insurance Company BY: /' 0,"� � 'f c - (NOTARIZATION AND SEAL) Diana Laskowski, Attorney -In -Fact I WAIM