Pardee Homes Bond Release Letter PB3010403626PHILADELPHIA
INsuneNCE CoupeNrrs
A Member of the Tokio Marine Group
Bond Number: P803010 403626
ENDORSEMENT
To be attached to and form a part ofP803010403626 Bond, issued by the undersigned company, as Surety on
behalf of Pardee Homes as Principal, in favor of City of Menifee as Obligee,
Effective November 2. 2020, the Principal and the Surety hereby agree to amend the attached bond as
follows:
The Bond Amount has been REDUCED:
From: Two Million Five Hundred and no/100 Dollars ($2.fi)0.500.00)
To: Five Hundred Thousand One Hundred Twentv'Five and no/100 Dollars ($500.125.00)
All else remains the same.
Provided that the liability under this endorsement shall be part of, and not in addition to, the liability under the
attached Bond, and in no event shall be cumulative.
Nothing herein contained shall vary, alter or extend any of the provisions, conditions, or other terms of this
bond except as above stated.
SIGNED, SEALED, DATED: November 2,2020
Pardee Homes (Principal)Philadelphia Indemnity
(Surety)
By:U-By:
Michelle Attorney Fact
*Decrease of $ 1,500,375.00
Endorsement Number: 0l
DIRECT CORRESPONDENCE TO:
Philadelphia lnsurance Companies, 251 S. Lake Ave., Suile 360, Pasadena, CA 91 101
PHONE (626) 6391321
ALL. PURPOSE
CERTIFICATE OF ACKNOWLEDGMENT
A notary public or other officer completing this certificate verifies only the
identity of the individual who signed the document to which this certificate
is attached, and not the truthfulness, accuracy, or validity of that document.
State of California
County of Oranqe
on NOV 0l 2020 before me,
)
)
Janina Monroe, Notary Public
personally appeared
(Here ins€rt I
Michelle Haase
who proved to me on the basis of satisfactory evidence to be the person(gf whose
nameg) is/nrg subscribed to the within instrument and acknowledged to me that
hc/she/ftgy executed the same in hie/her/thpir authorized capacity(lixrX and that by
ioisdher&rsix signature$f on the instrument the person{ol, or the entity upon behalf of
which the person(sf acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that
the foregoing paragraph is true and correct
JANINA MONROE
Notary Public' California
0range CountY
Commission i 2244611
My Comm. Expires Jun 25, 2022
(Notary Public Seal)
S a official seal
NAL OPTIONAL INFORMATION INSTRUCTIONS FOR COMPLETING THIS FORM
This Jorm complies v'ith current Califonria stahiles regarding nota4' rording and,
if necded. should bc conpleted and atlached to the docwnent. Acknolvedgents.fi'ont
other slates nra)' be coupletetl lor docunrcnts being sent to that slale so lofig as lhe
vording does not reqrure the Caldornia notary h tiolale Californio notary lav.
o Statc and County inlbnnatit:n rnust be the State and ('ounty wherc the dcument
signe(s) personally appcarcd bcforc thc notary public for acknowlcdgrnc'nt.
o Date of notarization musl be the date that the signcr(s) pcrsonally apparcd which
musl also be the sarne date the acknowledgment is cornpleted.. The notary public must print his or hcr narnc as it appears within his or hr'r
commission followed by a cornma antl lhcn your titlc (notary public),
. Print the nanre(s) of documert signer(s) who personally appear at the tirne of
nolanzation.o lndicate the corrcct singular or plural fonns lry crossing ofl'inconcct (bnns (i.c.
l*/shc/r$ey; is /e+e ) or circling the corecl fonns. Failure 1o conectly indicate this
infonnation rnay lead to rcjection ofdocumcnt rccording.. 'lhe notary scal irnpreision musl bc clcar and photographically rcpruducible.
lmpression must not cover text or lincs. lf seal rmprcssion srnudgcs, rc-soal if a
sufficient arca pcnnils. othcryise cornplete a diff'erent acknowledgrnent fonn.. Si$rature of the notary public nrust tnatch thc signaturc on lilc with thc officc of
the county clcrk.* Adtlitional infonnalion is not rcquired hu could hclp to cnsurc this
acknowledgment is not ltisused or anached to a different docurnent.1.. [ndicate title or typc ol'attachcd d<rument, number ofpages and date..! Indicatc thc capacity clairned by the signer. If the clairned capacity is a
corporate otficct, indicate thc tillc (i.e. CEO. CFO, Sccrelary).r Sccurcly attach this docurncnt to the signcd docurnent rvrth a slaple.
PTION OF THE ATTACHED DOCUMENT
(Title or description ot atached document)
(Title or d€scriptioo of attached document continued)
Number of Pages _ Document Date-
CAPACITY CLAIMED BY THE SIGNER
tr lndividual(s)D Corporate Offrcer
(Title)
tr
E
tr
tr
Partner(s )
Trustee(s)
Other
rffi'/"rii'#,t*iw
i0'l 5 Vorsioh vn rvv. N c,laryClasse s.cruyr 800. 8 7 3- 9465
Attorney-in-Fact
PHILADELPHIA INDEMNITY INSURANCE COMPANY
One Bala Plaza, Suite 100
Bala Cynwyd, PA I 9004{950
Power of Attorney
KNOW ALL PERSONS BY THESE PRESENTS: That PHILADf,LPHIA INDEMNITY TNSURANCE COMPANY (the Company), a corporation organized and
existing under the laws of the Commonwealth of Pennsylvania, does hereby constitute and appoint JANINA MONROE, THOMAS G. MCCALL, TIMOTHY J,
NOONAN, MICHELLE HAASE AND MARTHA BARR.f,RAS OF LOCKTON COMPANIES, LLC its true and lawful Attomey-in-fact with full authority to
execute on its behalf bonds, undertakings, recognizances and other contracts of indemnity and writings obligatory in the nature thereof, issued in the course of its
business and to bind the Company thereby, in an amount not to exceed $!QrQ@pQQ@.
This Power of Attomey is granted and is sigrod and sealed by facsimile under and by the authority of the following Resolution adopted by the Board of Directors of
PHILADELPHIA INDEMNITY INSURANCE COMPANY on the l4t of Novanber, 2016.
RESOLVED:That the Board of Directors hereby authorizes the President or any Vice President of the
Company: (l) Appoint Attomey(s) in Fact and authorize the Attome(s) in Fact to
ex@ute on behalf of the Company bonds and undertakings, contracts of indemnity and
other writings obligatory in the natue thereof and to attach the seal of the Company
thereto; and (2) to remove, at any time, any such Attomey-in-Fact and revoke the
authority given. An4 be it
FURTHER
RESOLVED:That the signatures of such officers and the seal of the Company may be affixed to any
such Power of Attomey or certificate relating thereto by facsimile, and any such Power of
Attomey so executed and certified by facsimile signatures and facsimile seal shall be
valid and binding upon the Company in the future with respect to any bond or
undertaking to which it is attached.
!N TESTMONY WHEREOF, PHILADELPHIA INDEMNITY INSURANCE COMPANY HAS CAUSED THIS INSTRUMENT TO BE SIGNED AND ITS
CORPORATE SEALTO BE AFFIXED BY ITS AUTHORIZED OFFICE THIS 27TH DAY OF OCTOBER, 20I7.
(Seal)
Robert D. O't eary Jr., President & CEO
Philadelphia lndemnity Insurance Company
On this 27n day of October, 2017, before me came the individual who executed the preceding instrumen! to me personally known, and being by me duly swom said
that he is the therein described and authorized officer of the PHILADELPHIA INDEMNITY INSLJRANCE COMPANY; that the seal affixed to said instrument is
the Corporate seal of said Company; that the said Corporate Seal and his sigrature were duly affixed.
Notary Public:
residing at:
(Notary Seal)
My commission expires:Leptornbsr 25, 202 I
I, Edward Sayago, Corporate Secretary of PHILADELPHIA INDEMNITY INSURANCE COMPANY, do hereby certiry that the foregoing resolution of the Board of
Directors and the Power of Attorney issued pusuant thereto on the 27t day of October, 20 I 7 ar€ true and correct and are still in full force and effect. I do further certif
that Robert D. O'Leary Jr., who executed the Power of Attomey as President, was on the date of execution of the attached Power of Attomey the duly elected President
oIPHILADELPHIA INDEMNITY INSURANCE COMPANY.Nov 0 12020
In Testimony Whereof I have subscribed my name and affixed the facsimile seal of each Company this _ day of
Bala Cvnwvd. PA
Edward Sayago, Corporate Secretary
PHILADELPHIA INDEMNITY INSURANCE COMPANY
20 _.
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ACKNOWLEDGMENT
A notary public or other officer completing this
certiflcate verifies only the identity of the individual
who signed the document to which this certificate is
attached, and not the truthfulness, accuracy, or
validity of that document.
State of California RiversideCounty of )
on November 09,2020 before me,Sonal Shah, Notary Public
(insert name and title of the officer)
personally appeared Michael C. Taylo r
who proved to me on the basis of satisfactory evidence to be the person(e) whose name(s) is/e{€
subscribed to the within instrument and acknowledged to me that he/shelth€y executed the same in
his/h€rlth€i+ authorized capacity(iee), and that by his/herJtheis signature(s) on the instrument the
person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing
paragraph is true and correct.
WITNESS my hand and officialseal
SONAL SHAH
NOTARY PUBLIC . CALIFORNIA
coMMrssroN # 2216371
RIVERSIDE COUNTY
iI
x,il&il S 30,2021
Signature (Seal)