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Bond No.: 4388772 <br />DEFECTIVE MATERIALS AND WORKMANSHIP BOND Premium: Inc. In Pert. Bond <br />KNOW ALL MEN BY THESE PRESENTS: N-2013-022• <br />That we The Marke at South Coast Metro, LLC ae <br />Principal and SureTec Insurance Company <br />a corporation organized and existing under the laws of the State of, and authorized to do a <br />general surety business in the State of California, as surety, are held and firmly bound unto the <br />CITY OF SANTA ANA, a municipal corporation of the State of California, in the just and full <br />sum of Fifty One Thousand Five Hundred & No/100---------------------- DOLLARS ($ 51,500.00--------- ), <br />lawful money of the United States of America, for which sum, well and truly to be paid, we bind <br />ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally <br />firmly by these presents. 'Texas <br />The condition of this obligation is such that, whereas the Principal entered into a certain <br />contract with the City of Santa Ana entitled <br />"Agreement for the Improvement of Tract No 16626 <br />and whereas the Principal contracted to give the City of Santa Ana a Surety Bond in the sum <br />of Fifty One Thousand Five Hundred & No/100 ----------------------------------------------------- DOLLARS <br />($ 51,500.00--------------------- ) conditioned that the Principal would make good and protect the <br />said City of Santa Ana against the results of any work or labor done or materials furnished <br />which are defective or not in accordance with the terms of said contract having been used or <br />incorporated in any part of the work so contracted for, which shall have appeared or been <br />discovered, within the period of one (1) year from and after the completion and final <br />acceptance of the work done under said contract. <br />NOW, THEREFORE, if the Principal shall well and truly make good and protect the said City of <br />Santa Ana against the results of any work or labor done or materials furnished which are <br />defective or not in accordance with the terms of said contract having been used or incorporated <br />in any part of the work performed under said contract, which shall have appeared or been <br />discovered within said one-year period from and after completion and final acceptance of said <br />work, then this obligation shall be null and void; otherwise to remain in full force and effect.