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<br />Bond No. 4358095 <br />Premium $17,250.00 <br /> <br />PERFORMANCE 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 INTEGRAL <br /> <br />COMMUNITIES I, INC., a Delaware corporation (hereinafter designated as "Principal"), have entered into an <br /> <br />Agreement whereby Principal agrees to install and complete certain designated public improvements, which <br /> <br />said Agreement, dated <br /> <br />/1h/ z.~ <br />. I <br /> <br />. 20 ~ hereby referred to and made a part hereof; <br /> <br />and <br /> <br />WHEREAS, said Principal is required under the terms of said Agreement to furnish a bond for the <br /> <br />faithful performance of said agreement <br />NOW. THEREFORE, we, the Principal and SureTec Insurance Company <br /> <br />. as Surety, <br /> <br />are held and firmly bound unto the City of Santa Ana, California (hereinafter called "City"), in the penal sum of <br /> <br />Nine Hundred Fifty Thousand and OO/xx Dollars ($950.000.00) lawful money of the United States, for the <br /> <br />payment of which sum well and truly to be made, we bind ourselves, our heirs, successors, executors and <br /> <br />administrators, jointly and severally, firmly by these presents. <br /> <br />The condition of this obligation is such that if the above bounded principal, his, hers, or its heirs, <br /> <br />executors, administrators, successors or assigns. shall in all things stand to and abide by, and well and truly <br /> <br />keep and perform the covenants, conditions and provisions in the said Agreement and any alteration thereof <br /> <br />made as therein provided, on his, hers, or their part, to be kept and performed at the time and in the manner <br /> <br />therein specified, and in all respects according to their true intent and meaning, and shall indemnify and save <br /> <br />harmless City, its officers. agents and employees, as therein stipulated. then this obligation shall become null <br /> <br />and void; otherwise it shall be and remain in full force and effect. <br /> <br />As a part of the obligation secured hereby and in addition to the face amount specified therefore. <br /> <br />there shall be included costs and reasonable expenses and fees, including reasonable attorney's fees. <br /> <br />incurred by City in successfully enforcing such obligation, all to be taxed as costs and included in any <br /> <br />judgment rendered. <br />