1998 S Purchasing - O.C. Mitchell Jr., Inc Skills Development Cent

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~, BOND N0. U280 2018 1Vorth Caro)~na Stat Construction anu l 1993 Pale 13'1 Fox'm OC= 13 BECTTON 307 FORM OF PERFORPtANCE BOND l~ Date of Contract: February 9#, 1998 ~ Date of Execution: February 25, 1998 Name of P7Cincipal: O. C. MITCHELL, JR. , INC. tContxactor) 1411 S. Miami, Blvd., Durham, NC 27703 Na7Re of Surety: UNITED PACIFIC INSURANCE COMPANY 7520 E. Independence Blvd., Suite 140, Charlotte, NC 28227 Name of Contract ing Body: STATE OF NORTH CAROLINA; THROUGH THE COUNTY OF ORANGE 132 E. King Street, Hillsborough, NC 2727 Amount of Bond: $806, 340.00 Project: Orange County Skills Development Center 503 W. Franklin Street, Chapel Hill, NC KNOW .ALL IvZEN BY TI-1FSE PRESENT'S, that we, the principal and surety above named, are held and firmly bound unto the above named contracting body, hereinafter called the contracting body, in the penal sutra of the amount stated above for the ppayment of which sum well and truly to be made, w•e bind, ourselves, our heirs, executors, adnun~stratots. and successors, jointlyand severally, firmly by these presents. T:'f~ CONDITION Olr THiS OBLIGA'ITON IS SUCH, that whereas the principal entered into a certain contract with the contracting body, identified as shown above and hereto attached: NOW, Tf~REFORE, if the principal shall we[1 and truly perform and fulfill all the undertakings, covenants, terms, condiL~ons and agreements of said contract during the original term of said contract and any extensions thereof that may be granted by the contracting body, with er without notice to the surety, and darer the life of an aranty re aired under the contract, and shall also well and truly perform and fulfill all the undertakings, covenants, ternts, conditions and agreements of any and all daly authorized modifications of said contract that may hereafter be made, notice of which modifications to the surety being hereby waived, then, thrs obligation to be void; otherwise to remain in full force and virtue.