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<br /> <br /> <br />FORM OF PAYMENT BOND <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 /> <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 promptly make payment to all persons <br />supplying labor/material in the prosecution of the work provided for in said contract, and <br />any and all duly authorized modifications of said contract that may hereafter be made, <br />notice of which modifications to the surety being hereby waived, then this obligation to be <br />void; otherwise to remain in full force and virtue. <br /> <br /> <br /> IN WITNESS WHEREOF, the above-bounden parties have executed this instrument <br />under their several seals on the date indicated above, the name and corporate seal of each <br />corporate party being hereto affixed and these presents duly signed by its undersigned <br />representative, pursuant to authority of its governing body. <br /> <br /> <br />Executed in counterparts. <br /> <br />DocuSign Envelope ID: 89558C18-938A-4BFF-B14A-A2214E8AA5DD