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RELI.ANCL INSURANCE COMPANY
<br />HEAD OFFICE, PHILADELPHIA, PENNSYLVANIA
<br />LABOR AND MATERIAL PAYMENT BOND
<br />The American Institute of Architects, AIA Document A311, February 1970 Edition.
<br />THIS BOND IS ISSUED SIMULTANEOUSLY WITH PERFORMANCE BOND IN FAVOR OF THE
<br />OWNER CONDITIONED ON THE FULL AND FAITHFUL PERFORMANCE OF THE CONTRACT
<br />KNOW ALL MEN BY THESE PRESENTS: that (Here insert full name and address or legal title of Contractor)
<br />Lee Air Conditioners, Inc.
<br />5109 Neal Road
<br />P. 0. Box 2895, Durham, North Carolina 27705
<br />as Principal, hereinafter called Principal, and, RELIANCE INSURANCE COMPANY, a corporation of the State of Pennsylvania, with
<br />its Head Office at Philadelphia. Pennsylvania, as Surety, hereinafter called Surety, are held and firmly bound unto (Here insert full
<br />name and address or legal title of Owner)
<br />County of Orange, North Carolina
<br />132 E. Kings Street, Hillsborough, NOrth Carolina 27278
<br />as Obligee, hereinafter called Owner, for the use and benefit of claimants as hereinbelow defined, in the amount of One Hundred Fifty
<br />Nine Thousand One Hundred Thirty Six and N01100 ------------ - -- - -- Dollars (S 159 9 136. 00 ).
<br />for the payment whereof Principal and Surety bind themselves, their heirs, executors, administrators, suers and assigns, jointly
<br />and severally, firmly by these presents.
<br />WHEREAS, Principal has by written agreement dated June 25th 1991 , entered into a contract with
<br />Owner for Orange County Government Services Center
<br />Hillsborough, North Carolina
<br />in accordance with Drawings and Specifications prepared by (Here insert full name and addressor lapel title of Architect)
<br />which contract is by reference made a part hereof, and is hereinafter referred to as the Contract.
<br />NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION is such that, if Principal shall promptly make payment to all
<br />claimants as hereinafter defined, for all labor and material used or reasonably required for use in the performance of the Contract,
<br />then this obligation shall be void; otherwise it shall remain in full force and effect, subject, however, to the following conditions:
<br />1. A claimant is defined as one having a direct contract with the Principal or with a Subcontractor of the Principal for labor,
<br />material, or both, used or reasonably required for use in the performance of the Contract, labor and material being construed to in-
<br />clude that part of water, gas, power, light, heat, oil, gasoline, telephone service or rental of equipment directly applicable to the
<br />Contract.
<br />2. The above named Principal and Surety hereby jointly and severally agree with the Owner that every claimant as herein defined,
<br />who has not been paid in full before the expiration of a period of ninety (90) days after the date on which the last of such claimant's
<br />work or labor was done or performed, or materials were fumished by such claimant, may sue on this bond for the use of such claimant,
<br />Prosecute the suit to final judgment for such sum or sums as may be justly due claimant, and have execution thereon. The Owner shall
<br />not be liable for the payment of any costs or expenses of any such suit.
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