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1 Page 2 of 2 <br /> 1 As a condition precedent to the satisfactory completion of the Contract, the <br /> above obligation shall hold good for a period of one (1)year after the acceptance of the <br /> Work by County, during which time if Principal shall fail to make full, complete, and <br /> 1 satisfactory repair and replacements and totally protect the County from loss or damage <br /> made evident during the period of one (1)year from the date of acceptance of the Work, <br /> and resulting from or caused by defective materials or faulty workmanship, the above <br /> 1 obligation in penal sum thereof shall remain in full force and effect. However, nothing in <br /> this paragraph shall limit the obligation of the Surety and the obligation of the Surety - <br /> shall continue so long as any obligation of Principal remains. <br /> 1 And said Surety, for value received, hereby stipulates and agrees that no <br /> change, extension of time, alteration or addition to the terms of the Contract or to the <br /> 1 work to be performed thereunder, or the specifications accompanying the same, shall in <br /> any way affect its obligation on this bond, and it does hereby waive notice of any such <br /> change, extension of time, alteration or addition to the terms of the Contract, or to the <br /> 1 work, or to the Specifications. All terms and conditions as set forth in the General <br /> Conditions, as supplemented, to the Contract are incorporated by reference and Surety <br /> acknowledges that it is bound thereby, including the disputes clause(s) therein. <br /> 1 In the event suit is brought upon this bond by the County and judgment is <br /> recovered, the Surety shall pay all costs incurred by the County of San Joaquin in such <br /> 1 suit, including a reasonable attorney's fee to be fixed by the court. <br /> IN WITNESS WHEREOF, this instrument has been duly executed by the <br /> 1 Principal and Surety above named, on the day of , 20_. <br /> 1 (Corporate Seal) <br /> Principal <br /> By: <br /> 1 <br /> Typed or Printed Name <br /> 1 Title: <br /> 1 (Corporate Seal) <br /> Surety <br /> 1 By. <br /> 1 Typed or Printed Name <br /> (Attached Attorney-in- Title: <br /> 1 Fact Certificate) <br /> C-8 <br /> 1 (SPECS\2KMO-C-8) (1/23/05) <br /> 1 <br />