Forestar (USA) Real Estate Group, Inc. Material and Labor Bond TR36852 80042854:lt-R^MATERIAL AND LABOR BOND CITY OF MENIFEE, STATE OF CALIFORNIA (Government Code Section 66499.2) FOR: Streets and Drainage $711 250 0 Water System $ Sewer System $ 250.00 250.00 Surety Atlantic Soecialtv lnsurance Comoanv Address 605 Hio City/State Plvmouth. MN above designated publ dated hwav 169 North.uite 800 /State: Arlinqton. TX Zip code 55441 76006 Phone (952) 852-2431 WHEREAS, the City Council of the City of Menifee, State of California, and Forestar (USA) Real Estate Grou p, lnc., (hereinafter designated as "principal") have entered into, or are about to enter into, the attached agreement(s) whereby principal agrees to install and complete the City zip: ic improvements relating to TR 36852 / lP20-024, which agreement(s),, is/are hereby referred to and made a part hereof; and, wHEREAS, under the terms of said agreement(s), principal is required, before entering uponthe performance of the work, to file a good and sufficient payment bond with the city of Menifee to secure the claims to which reference is made in Title 3 (commencing with Section 9000) of Part 6 of Division 4 of the Civil Code of the State of California; NOW, THEREFORE, said principal and the undersigned, as corporate surety, are firmly bound unto the City of Menifee and all contractors, subcontractors, laborers, material suppliers, and other persons employed in the performance of the agreement(s) and referred to Title 3 (commencing with Section 9000) of Part 6 of Division 4 of the Civil Code in the sumof Seven Hundred Fourteen Thousand Seven H undred Fiftv and 00/100 Dollars 714 750.00 for materials furnished or labor thereon of any kind, or for amounts due under the Unemployment lnsurance Act with respect to such work or labor, that said surety will pay the same in an amount not exceeding the amount hereinabove set forth, and also in case suitis brought upon this bond, will pay, in addition to the face amount thereof, costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by the City of Menifee in successfully enforcing such obligation, to be awarded and fixed by the court, and to be taxed as costs and to be included in the judgment therein rendered. It is hereby expressly stipulated and agreed upon that this bond shall inure to the benefit of any and all persons, companies and corporations entitled to file claims under Title 3 (commencing with Section 9000) of Part 6 of Division 4 of the Civil Code, so as to give a right of action to them or their assigns in any suit brought upon this bond. Should the condition of this bond be fully performed, then this obligation shall become null and void; othenarise, it shall be and remain in full force and effect. TracVParcel Map TR 36852/1P20-024 Bond No. 800042854 Premium lncluded on Performance Bond Principal: Forestar (USA) Real Estate Group. Inc. Address: 2221 E. Lamar Blvd Suite 790 Phone: (817) 769-1867 MATERIAL AND LABOR BOND The surety hereby stipulates and agrees that no change, extension of time, alteration, or addition to the terms of the agreement(s) or to the specifications accompanying the same shall in anywise affect its obligation on this bond, and it does hereby waive notice of any such change, extension of time, alteration, or addition. Surety further stipulates and agrees that the provisions of Section 2845 of the Civil Code are not a condition precedent to surety's obligations hereunder and are hereby waived by surety. lN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety above named, on May 6,2021. NAME OF PRINCIPAL: Foresta r(USA) Real Estate G rouo, lnc. AUTHORTZED STGNATURE(S): By Name:c.-^ i4-l cr-\of- Title: Cc,3 (lF coRPoRATtON, AFFTX SEAL) NAME OF SURETY: Atlantic S ecra Itv lnsurance Comoanvo z1AUTHORIZED SIGNATURE: Noah William Pierce, Attorney-ln-Fact (rF coRPoRATtON, AFFTX SEAL) ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND ATTORNEY-IN.FACT. (tv=s pue) fEN]VNCIS IVSS IVICIIJO CNV ONVH Y\J SS]N1IM ICfUUOC ONV f NU]- SI HdVUCVUVd CNIOC]UOJ f H1I-VHI SVXf-L io f-Lvls lHl- lO SA \fl f H-L U30Nn untufd lo Al-tvNfd ufoNn AJtlUfS I rNlntnutsNt stH_L cf -Lnclxf 'oircv (s)r.rosu:a 3Ht- HCTHM JO ltVH38 NOdn AltlNf f Ht- UO '(S)ttOSU=a 3Hr lNfnnulsNr IHl NO (S)=UnrVNCrS UtSHl/u3H/stH AB t-vH-L Or.rv',(s:r),r,rrcvdvc osztuoHtnv UEHIJUSH/StH Nt ft^JVS lH.L 0flnCfx3 Af Hl/3HS/f H lVHI lu\t 01 0SCOflMONyCV oNV rNf r/{nu-LSNt NtHl_rM f Hl0l_ o3stucs8ns =uvlsr (s)=ruvN fsoHA (s)ruOSU=a 3Ht- f8 0l- f cNSctnS AuorSvJstrvs Jo stsvS f H-L NO f] ,l 01 ofnoud oHM o-t,F? of uvfddv ttvNosusd '3F8nd UVI-ON V \1?|uz 'f y! luolf B -\lroz'\{ NO +e-a ]->') I lo lNnoo svxlt_ lo ft_vl-s 9ZOZ-Ot-ZO trr.tto3a-t98taeC I tolfinr n IY$- llll. rYl]fl ^elaseB elletueO(.s '-) l'"-l-oQ" * ( ( 1N3y!n30C 1VHl JO,^.t-ror']v^ uo cvanccv 'ss!NtnlHtnu]- fH.L-toN cNV,CIHCVLTV Srr]-vcEt.tufc stH.L HctHM 01 IN3nn300 fH1 ofNcls oHMrvnot^loNt fH1 lo A1u-N3cl 3HI AtNO SfHtUfA fl.VCEt-tSlCstHl eNt-tl']dl,\Joc uSStJlo uo cnSnd UVIoN V STATE OF North Carolina COUNTY OF Mecklenburo to wit l, Catherine Thompson, a Notary Public in and for the State and County aforesaad, do hereby certify that Noah Wlliam Pierce, whose name is signed to the foregoing bond thas day personally, appeared before me in my said State and County aforesaid and acknowledged the same. 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