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Bond No.: 7663417 Premium is included in the performance bond CITY OF SANTA ANA Executed in: 2 Counterparts BONDS PROJECT NO.: 20-7533 RESIDENTIAL STREET REPAIR PROGRAM FY 19/20 HENINGER PARK NEIGHBORHOOD PAYMENT BOND KNOW ALL MEN BY THESE PRESENTS that All American Asphalt as CONTRACTOR, and Fidelity and Deposit Company of Maryland a corporation, organized and existing under the laws of the State and duly authorized to transact business under the laws of the State of California, as SURETY, are held and firmly bound unto the City of Santa Ana, as AGENCY, in the penal sutra of Six Hundred Ninety Eight Thousand Two Hundred Twenty Seven and 00/100 Dollars ($698,227.00 ). which is 100 percent of the total contract amount for the above stated project, for the payment of which sum. CONTRACTOR and SURETY agree to be bound, jointly and severally. firmly by these presents. *of Illinois THE CONDITIONS OF THIS OBLIGATION ARE SUCH that. whereas CONTRACTOR has been awarded and is about to enter into the annexed Contract Agreement with AGENCY dated July 7, 2020 for Project 20-7533 - Residentlal Street Repair Program FY 2019-2020** if CONTRACTOR or any subcontractor fails to pay for any labor or material of any kind used in the performance of the Work of Improvement to be done under said Contract AgreemenL or fails to submit amounts due under the State Unemployment Insurance Act with respect to said labor. SURETY will pay for the same in an amount not exceeding the sum set forth above, which amount shall insure to the benefit of all persons entitled to file claims under the State Code of Civil Procedures: provided that any alterations in the work to be done, materials to be furnished, or time for completion made pursuant to the terms of the contract documents shall not in any way release either CONTRACTOR or SURETY, and notice of said alterations is hereby waived by SURETY. **Heninger Park Neighborhood IN WITNESS WHEREOF the parties hereto have set their names, titles, hands, and seal this 2nd day of June , 20 20 . - 400 East Sixth Street, Corona, CA 92879 - Phone (951) 736-7600 n- tvvt—lrIt\, ItitatVI,NI Deposit Company of Maryland - 777 S. Figueroa Street, Suite 3900, Los Angeles, CA 90017 and sworn to before me, 20 Signature: Notary Public in and for the County of **Please See Attached** State of this _, day of Rate of premium on this bond is $ 3.95 per thousand. Total amount of premium charge is $ Included in Performance Bond, To be filled in by Surety *Provide CONTRACTOR 1 ADMITTED .SURETY name, address, and telephone number- and the name, title, address, and telephone number gJatuhorized representative. 2of3