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26 <br />Bin Bohn <br />KNOW ALL MEN BY THESE PRESENTS, that we, the undersigned, <br />as rrmcipat, and- Surety, are hereby held and firmly bound unto ORANGE COUNTY as OWNER in the penal sum <br />of <br />for the payment which, well and truly to be made, we_hereby jointly and severally bind ourselves, successors and <br />assigns. <br />Signed this <br />day of <br />20 <br />The Condition of the above obligations is such that whereas the Principal has submitted to ORANGE COUNTY a <br />certain BID,_attached hereto-and hereby made a part hereof to enter into a contract in writing for-the <br />NOW TrIEREFORE, <br />If said BID shall be rejected, or <br />If said BID shall be accepted and the Principal shall execute and deliver a contract in the form of Contract attached <br />hereto (properly completed in accordance with said BID) and shall furnish a BOND for his faithful performance of <br />said contract, and for the payment of all persons performing labor or famishing materials in connection therewith, <br />and shall in ail other respects perform the agreement created by the acceptance of said BID, <br />then this obligation shalt be void, otherwise the same shall remain in force and effects it being expressly understood <br />and agreed that the liability of the Surety for any and alt claims hereunder shall, in no event, exceed the penal <br />amount of this obligation as herein stated. <br />The Surety, for value received, hereby stipulates and agrees that the obligations of said Surety and its BOND shall. <br />be in na-way impaired ar affected by any extension of the time within-which the OWNER may accept such BID; and <br />'said Surety does hereby waive notice of any such extension. <br />iN WITNESS WHEREOF, the Principal and the Surety have hereunto set their hands and seals, and such of them as <br />are corporations have caused their corporate seals to be affixed hereto and these presents to be signed by their proper <br />officers, the day and year set forth above. <br />Principal <br />L.S. <br />Surety <br />By: <br />IMPORTANT: Surety companies executing BONDS must appear on the Treasury Department's most current list <br />(Circular 570 as amended) and be authorized to transact business in the State of North Carolina <br />116 <br />