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1975-0507_CAL FED ENTERPRISES_Perf Bond No. 002652'Ai�aG,a x. "IL group COVENA&UTUAL INSURANCE COMPANY SUBDIVISION IMPROVEMENT BOND Bond No. 002652 FAITHFUL PERFORMANCE (CALIFORNIA) Initial Premium $ 25 . 00 KNOW ALL MEN BY THkSE PRESENTS, That CAL FED ENTERPRISES _ 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 CAPISTRANO ,as Obligee, inthesumof ONE THOUSAND FIVE HUNDRED AND N /1 ollars($ 1, bou .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 on 19 entered into a certain Agreement or Contract with the Obligee wherein the Principal agreed to complete the following improvements: Monuments - Tract 8786 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 October 21 19 75 CAL FED ENTERPRLSES ) Principal COVENANT MUTUAL INSURANCE COMPANY By Bar a r a blumer Attorney -in -Fact 260 S. Los Robles Ave., Ste. 21 Pasadena, Calif73