Performance Bond Secured by Commercial Bond by ReadyBuiltForms

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									PERFORMANCE BOND SECURED BY COMMERCIAL BOND

This Performance Bond is entered into on the date set forth herein by and between ___________________________________________________ hereinafter known as the Developer and the ____________________________ of _____________ County, _____________ hereinafter also known as the _____________ County;

Whereas, the said Developer agrees to hold and firmly bind himself unto _____________ County in the sum of $____________________________________________ for which payment, (I or we) bind (myself or ourselves) by this instrument to perform the conditions and obligations set forth herein; and

Whereas , the ____________________ of _____________ County, _____________ has agreed to approve the plat of ___________________________________________________ located in the following described part of _____________ County; ____(State Township, Section Number and Quarter Section)____________________

Now, Therefore, the Developer agrees to undertake and complete as a condition of this obligation at (his or their own) expense all the necessary improvements in accordance with the plans and specifications approved by the County Subdivision Engineer and as required by the Subdivision Regulations of _____________ County, _____________. All such improvements must be completed not later than 18 months after acceptance of this Performance Bond by the ______________ of _____________ County, _____________, unless an extension of time is granted by the _________________ of __
								
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