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Payment Bond

BY THIS BOND, We, , as Principal, and , a corporation, as Surety, are bound to , herein called Owner, in the sum of $ ( & no/100 dollars), for the payment of which we bind ourselves, our heirs, personal representatives, successors, and assigns, jointly and severally.

THE CONDITION OF THIS BOND is that if Principal:

1. Promptly makes payments to all lienors supplying labor, material, and supplies used directly or indirectly by Principal in the prosecution of the work provided in the contract dated ________, 20 __, between Principal and Owner for construction of _____________________, the contract being made a part of this bond by reference; and

2. Pays Owner all loss, damage, expenses, costs and attorney's fees, including appellate proceedings, that Owner sustains because of default by Principal under paragraph 1. of this bond;

then this bond is void; otherwise, it remains in full force.

Any changes in or under the contract documents and compliance or noncompliance with formalities connected with the contract or with the changes do not affect Surety's obligation under this bond.

Dated: ________________

_______________________

Principal

________________________

Surety, by ____________, its Attorney in fact/Agent