2011-039 AMS - H. M. Kern Corp for Health Department Renovations at Whitted Building $763,800

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Porrit OC- l0 Bond Number 2138970 SECTI011T 348 FORM OF PAYA'tENT BOND Date ol"Contract: bate pf Execution: Narnt of principal: H.M. Kern Corporation (Contractor) Address: PO Box 19424 Greensboro, NC 27419 Name of Surety: North American Specialty Insurance Company Address: 650 Elm Street Manchester, NH 03101 Name of Contracting Body: Orange County Government 200 S. Cameron Street Hillsborough, NC 27278 Amount of Bcu~d: Seven Hundred Sixty Three Thousand Eight Hundred Dollars and 00/100 ($763,800.00 ) Project; Orange County Health Center Renovations, 300 West Tryon Street, Hillsborough, NC Ki`'OW ALL MEN 13Y TI-fESE PRESENTS, that we, the principal and surety above named, are held and firmly bound unto the above named contracting body, hereinafter called the contracting body, in the penal sum of the amount stated above for the payment of s~-h.icfi sum well and truly to be made, we bind ourselves, our heirs, executors, administrators,-and successors, jointly and severally, firmly by these presents. T'PIB CC7IVDITION OF THIS OBf..iGATION IS SUCH, that whereas the principal entered info a certain contract with thv contractyng body identified as shown abova and incorporated herein:: MOW, THEREFORE, if the principal shall promptly make payment tp all persons supplying laboxlrttatetial hz the fsrasecution of the work provided for in said contract, and any and all duly authorized modifications of said contact that may hereafter be made, notice of which rnodi$cations to the surety being hereby waived, then this obligation to be void; otherwise to remain in foil force and virtue.