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The Surety hereby stipulates and agrees that no change. extension of time, alteration or addition to the terms of said <br /> agreement or the specifications accompanying the same shall in any manner affect its obligations on this Bond,and it does <br /> hereby waive notice of any such change, extension,alteration or addition. <br /> IN WITNESS WHEREOF, this instrument has been duly executed by the Principal and Surety above named, on <br /> May21 , 2015 . <br /> PRINCIPAL: PALP Inc.dba Excel Paving Company SURETY: Federal Insurance Company <br /> (Type Company Name) (Type Company Name) <br /> 1 <br /> By: (7 /1 . �/ By.� _.*_-E.. .� .m. <br /> 11 „`amu <br /> Title: C.P. BROWN aitlei Attorney in Fact <br /> P74]SiD'E�➢T g Timothy D.Rapp <br /> t CA <br /> By: Title: Ta SECRETARY MICHELE E.DRAKULIUH By: <br /> Title: <br /> (Attach Acknowledgements of both'Principal and Surety signatures) <br /> APPROVED AS TO FORM: <br /> A. <br /> 11, <br /> POttomey <br /> Payment Bond-P.W.(except subdivisions) <br /> 02/13 <br /> 2 <br />