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D.R. Horton Los Angeles Holding Company, Inc. Faithful Performance Bond TR37400 SU1170036FOR: Streets and Drainage Water System Rec. Water System Sewer System Tota I Surety Arch lnsurancg Clmpany AddfeSS Hadeorside 3 210 Hudson Street Suite 3OO City FAITHFUL PERFORMANCE BOND CITY OF MENIFEE, STATE OF CALIFORNIA (Government Code Section 66499.1 ) $1 790 500.00 Tract Map TR 37400$wn Other Proj. Ref rP20-0165Dl Bond No Pre mium su1170036 $4,924 00 PfinCipal D R Horton Los Anoeles Hotdinq Comoanv, tnc Address 2280 Wardlow Cir #'100 /State Jersev Citv.NJ City/State Corona CA zip code 07311 zip 92880 Phone (201) 743-4ooo Phone (951) 739-5469 WHEREAS, the City Council of the City of Menifee, State of California.and D. R. Horton Los Anqeles Holdinq Companv. 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 above designated public improvements relating to TR 37400 /rP20-0165Dl RCFC Line A-8 and A-10 which agreement(s), dated , is/are hereby referred to and made a part hereof, and, WHEREAS, said principal is required under the terms of said agreement(s) to furnish bond(s) for the faithful performance of said agreement(s); NOW THEREFORE, we the principal and Arch lnsurance company , as surety, are held and firmly bound unto the City of Menifee in the penal sum of One Million Seven Hundred Ninety Thousand Five Hundred and no/100 , Dollars, (790 500.00 lavvful money of theI United States, for the payment of which sum will and truly be made, we bind ourselves, our heirs, successors, executors and administrators, jointly and severally, firmly by these presents. The condition of this obligation is such that if the above bonded principal, his or rts heirs, executors, administrators, successors or assigns, shall in all things stand to and abide by, and well and truly keep and perform the covenants, conditions and provisions rn the said agreement(s) and any alteration thereof made as therein provided, on his or their part, to be kept and performed at the time and in the manner therein specified, and in all respects according to their true intent and meaning, and shall indemnify and save harmless the City of Menifee, its officers, agents and employees, as therein stipulated, then this obligation shall become null and void; otherwise, it shall remain in full force and effect. As a part of the obligation secured hereby and in addition to the face amount specified therefore, there shall be included costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by the City of Menifee in successfully enforcing such obligation, all to be taxed as costs and included in any judgment rendered. tENlFEl $_--va-$_---lua- $_1Je0,590.00_ .-Lr - ?,; FAITHFUL PERFORMANCE 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 work to be performed there under or the specrfications 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 to the terms of the agreement(s) or to the work or to the speciflcations.. Surety further stipulates and agrees that the provisions of Section 2845 of the Civil Code and commencement of construction are not conditions precedent to surety's obligations hereunder and are hereby waived by surety. \Nhen the work covered by the agreement(s) is complete, the City of Menifee will accept the work and thereupon, the amount of the obligation of this bond is reduced by 90% with the remaining 10% held as security for the one-year maintenance period provided for in the agreement(s). lN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety above named, on June 24 2021 NAME OF PRINCIPAL. D. R. Horton Los Angeles Holding company, lnc AUTHORIZED SIGNATURE(S) Nam Title: Z.'.ra-aAa7 (IF CORPORATION, AFFIX SEAL) NAME OF SURETY: Arch lnsurance Company AUTHORIZED SIGNATURE Its Attorney-in-Fact Noah william Pierce Title (IF CORPORATION. AFFIX SEAL) ATTACH NOTARIAL ACKNOWLEOGMENT OF SIGNATURES OF PRINCIPAL AND ATTORNEY]N-FACT. CALIFORNIA NOTARY ACKNOWLEDGEMENT (rNDlvtDUAL) A notary public or olher 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, accu , or validity of that document State of California County Of R,versde On 6t29t2121 before me,Oesrrae Dawn Savana Notary Pubhc (insert name and title of , who proved to me on thelhe offlcer), personally appeafgcl Jennder L O'Leary basis of satisfactory evidence to be the person(x) whose name(t) is/a:e subscribed to the within instrument and acknowledged to me that k/she/lln1t executed the same in hto{her^boir authorized capacity(,6ee, and that by ffiher/tnixsignature(g on the instrument the person(ga, or the entity upon behalf of which the person(gi 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 official seal Signature (Seal) i DESltlE D^v/N SAVARTA Xotary Publi.' Californra RiYerside County CornmiliDn r 2l5a56l Iy Comrn. Erprres Apl !6.2015 Copyright @ 20'1 8 NotaryAcknowledgement.com. All Rights Reserved -.q$}titi";% --: troka, 2t= -dr A. :=--?, uBLtc sr :- ?ian,t*s$:. STATE OF North Carolina COUNTY OF Mecklenburq to wit. l, Catherine Thomoson, a Notary Public in and for the State and County aforesaid, do hereby certify that Noah William Pierce, whose name is signed to the foregoing bond this day personally, appeared before me in my said State and County aforesaid and acknowledged the same. 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