Know all men: That we,--------- [here insert the name and address or legal title of the Contractor], hereinafter called the Principal, and --------- [here insert the name and address or legal title of one or more sureties], and ---------, and

---------, hereinafter called the Surety or Sureties, are held and firmly bound unto --------- [here insert the name and address or legal title of the Owner], hereinafter called the Owner, in the sum of --------- ($---------) for the payment whereof the Principal and the Surety or Sureties bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, firmly, by these presents.

Whereas the Principal has, by means of a written Agreement, dated---------, entered into a contract with the Owner for ---------, a copy of which Agreement is by reference made a part hereof;

Now, therefore, the Condition of this Obligation is such that if the Principal shall faithfully perform the Contract on his part, and satisfy all claims and demands, incurred for the same, and shall fully indemnify and save harmless the Owner from all cost and damage which he may suffer by reason of failure so to do, and shall fully reimburse and repay the Owner all outlay and expense which the Owner may incur in making good any such default, and shall pay all persons who have contracts directly with the Principal for labor or materials, then this obligation shall be null and void; otherwise it shall remain in full force and effect.

Provided, however, that no suit, action or proceeding by reason of any default whatever shall be brought on this Bond after --------- months from the day on which the final payment under the Contract falls due.

And provided, that any alterations which may be made in the terms of the Contract, or in the work to be done under it. or the giving by the Owner of any extension of time for the performance of the Contract, or any other forbearance on the part of either the Owner or the Principal to the other shall not in any way release the Principal and the Surety or Sureties, or either or any of them, their heirs, executors, administrators, successors or assigns from their liability hereunder, notice to the Surety or Sureties of any such alteration, extension or forbearance being hereby waived.

i The standard form of bond for use in connection with the third edition of the standard form of agreement and general conditions of the contract. This form has been approved by the Nationl Association of Builders' Exchanges, the National Association of Master Plumbers, the National Association of Sheet Metal Contractors of the United States, the National Electrical Contractors' Association of the United States, the National Association of Marble Dealers, and the Heating and Piping Contractors' National Association. Copyright 1915, the American Institute of Architects, the Octagon, Washington, D. C.

Signed and sealed this---------day of---------, 19-.

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For form of building and construction contracts, see 99 3821 et seq.