Orange County NC Website
FORM OF PERFORMANCE BOND <br /> <br /> <br /> <br />Date of Contract: <br /> <br /> <br />Date of Execution: <br /> <br />Name of Principal <br /> (Contractor) <br /> <br /> <br />Name of Surety: <br /> <br /> <br />Name of Contracting <br />Body: <br /> <br /> <br />Amount of Bond: <br /> <br /> <br />Project <br /> <br /> <br /> <br /> KNOW ALL MEN BY THESE PRESENTS, that we, the principal and surety above <br />named, are held and firmly bound unto the above named contracting body, hereinafter <br />called the contracting body, in the penal sum of the amount stated above for the payment <br />of which sum well and truly to be made, we bind, ourselves, our heirs, executors, <br />administrators, and successors, jointly and severally, firmly by these presents. <br /> <br /> <br /> THE CONDITION OF THIS OBLIGATION IS SUCH, that whereas the principal <br />entered into a certain contract with the contracting body, identified as shown above and <br />hereto attached: <br /> <br /> <br /> NOW, THEREFORE, if the principal shall well and truly perform and fulfill all the <br />undertakings, covenants, terms, conditions and agreements of said contract during the <br />original term of said contract and any extensions thereof that may be granted by the <br />contracting body, with or without notice to the surety, and during the life of any guaranty <br />required under the contract, and shall also well and truly perform and fulfill all the <br />undertakings, covenants, terms, conditions and agreements of any and all duly authorized <br />modifications of said contract that may hereafter be made, notice of which modifications to <br />the surety being hereby waived, then, this obligation to be void; otherwise to remain in full <br />force and virtue. <br /> <br /> <br /> IN WITNESS WHEREOF, the above-bounden parties have executed this <br />instrument under their several seals on the date indicated above, the name and corporate <br />seal of each corporate party being hereto affixed and these presents duly signed by its <br />undersigned representative, pursuant to authority of its governing body. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />DocuSign Envelope ID: 89558C18-938A-4BFF-B14A-A2214E8AA5DD