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<br />Bond No. 4358095 <br />Premium Included in Performance Bond <br /> <br />PAYMENT BOND <br /> <br />KNOW ALL MEN BY THESE PRESENTS: <br /> <br />WHEREAS, the City of Santa Ana. a municipal corporation of the State of California, and <br /> <br />JNTEGRAL COMMUNITIES I, INC., a Delaware corporation (hereinafter designated as "Principan have <br /> <br />entered into an Agreement whereby Principal agrees to install and complete certain designated public <br /> <br />improvements, which said Agreement, dated <br /> <br />f1 "1.-1 <br />I <br /> <br />zr: <br /> <br />, 2007, is hereby referred to and <br /> <br />made a part hereof; and <br /> <br />WHEREAS, under the terms of said Agreement, Principal is required before entering upon the <br /> <br />performance of the work to file a good and sufficient payment bond with the City of Santa Ana to secure <br /> <br />the claims to which reference is made in Title 15 (commencing with Section 3082) of Part 4 of Division 3 <br /> <br />of the Civil Code of the State of California. <br /> <br />NOW, THEREFORE, said principal and the undersigned as corporate surety are held firmly <br /> <br />bound unto the City of Santa Ana and all contractors, subcontractors, laborers, materialmen and other <br /> <br />persons employed in the performance of the aforesaid agreement and referred to in the aforesaid Civil <br /> <br />Code in the sum of Four Hundred Seventy Five Thousand andOO/xx Dollars ($475.000.00) <br /> <br />for materials furnished or labor thereon of any kind, or for amounts due under the Unemployment <br /> <br />Insurance Act with respect to such work or labor, that said surety will pay the same in an amount not <br /> <br />exceeding the amount hereinabove set forth, and also in case suit is brought upon this bond, will pay, in <br /> <br />addition to the face amount thereof, costs and reasonable expenses and fees, including reasonable <br /> <br />attorney's fees, incurred by the City in successfully enforcing such obligation, to be awarded and fixed by <br /> <br />the court, and to be taxed as costs and to be included in the judgment therein rendered. <br /> <br />It is hereby expressly stipulated and agreed that this Bond shall inure to the benefit of any and all <br /> <br />persons, companies and corporations entitled to file claims under Title 15 (commencing with Section <br /> <br />3082) of Part 4 of Division 3 of the said Civil Code, so as to give a right of action to them and all their <br /> <br />assigns in any suit brought upon this Bond. <br /> <br />Should the condition of this Bond be fully performed, then this obligation shall become null and void, <br /> <br />otherwise it shall be and remain in full force and effect. <br /> <br />1 <br />