KB Home Coastal, Inc. Faithful Performance Bond 30142-1 1145789D copv
FAITHFUL PERFORMANCE BONO
CITY OF MENIFEE. STATE OF CALIFORNIA
(Government Code Section 66499.1)
FOR: Strsets and Drainage
Water Systsm
Sewer Syslem
surety, are held and firmly bound un
Thny Ergttl ThousrM .nd No/100-.- DOllafS
$
$
$
Tracl/Parcel Map -.t'rr:' 'Bond No. i r.r57ee
Premium !1e er', r:tl
Surety 8c b, Raronallnirancc Co.ipan,
Addf€SS 5o5 N Ersnd Brvd SnG lG{o
City/State rrcnacr. cl Crty/Sats
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Phon€ s r&ssoi{oj Phone ssr+gr.s:rs
WHEREAS, the City of Menifee, State of California,and xB HOME co.3l.l lrE
(hereinafler designated as'principal') have sntered into, or are about to entsr into, ths
attached agreement(s) whereby principal agrees to install and complete lhe above designated
public improvements relating to (Tract/Parcel) TI ro[:'1 , wtrich agreem€nt(s) isi/are
hereby referred to and made a part hereof; and,
WHEREAS, said principal b required under the terms of sard agr€em€nt(s) to furnish bond(s)
for the faithful performance of said agreement(s);
NOW, THEREFORE, we the PrincipaI and BortJ"y Rcgo.Dl h!lr.nc. Conpany ,as
Principal
Address
xB HOtrlE Coarl.l ln
16110 La.rd V.l?y Cnv.
to the Cily of Menifee h the penal sum of c''o t'tton -:n tt,'c.o
($ r ru,ooo,:o )lawful money ol the United States, for the
payment of which sum will and truly be made, we bind ourselves, our heirs' successors,
executors and administrators, iointly and severally, firmly by thesB presonts.
The condition of this obligation is such that if the above bonded principal, his or its 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 in the said
agreement and any alteratron thsrsof made as therein provided, on his or thetr part, to be kepl
and performed at the time and in the nranner therein specified, and in all respacts according
to thsir true intent and meaning, and shall indemnify and save harmless the City of Menifee,
its officers, agents and employees, as ther€in stipulated. then this obligation shall become null
and void; otherwise, it shall remaan in full force and effect.
As a part of the obligation secured hereby and in addition to the face amount specified
therefor€, there shall be included costs and reasonable expenses and fees, including
reasonable attorney's fees, incuned by the City in successfully enforcing such obligation, all
to be taxed as costs and included in any judgment rendered.
The surety hereby slipulates and agrees that no change, extension of time. alteration oraddition to the terms of this agreement or to the work to be performed ther€ under or the
specifications accompanying lhe same shall in an) ,vise affect its obligetion on this bond, andit does hereby waive notice of any such change, extension of time, a[eration or addition.
Surety further slipulates and agrees that the provisions of Section 2845 of the Civil Code andcommencement of constructton are not conditions procedent to surety's obligations hereunderand are hereby waaved by surety.
FAITHFUL PERFORMANCE BOND
EREOF, this instrument has been duly executed by the principal and surety
l0r 0Atgrrsl 6
NAME OF PRINCIpAL: x8 HoME Ldasia nc
AUTHORIZED SIGNATURE(S)
By:
Name: arl p 4 6.c p
lille: uP LA&D1-F
(rF coRPoRATtON, AFFTX SEAL)
when the work covered by the agreement is complete, the city of Menifee will accept the
work and thereupon, the amount of the obligaton of this bond is reduced by 900/6 wiih theremaining 10% held as security for the one-year maintenance period provided for ln theagreemenls(s).
IN WITNESS WH
above named, on
FZe .rnAu,fn .
n.., AAI PLA., r,, d c-
NAME OF SURETY:
AUTHORIZED SIGNATURE:
Rrro'lall arca C
rney-in-Fact TitIC
Brer}.l. Worq At!.].rt rjr}Frct
(IF CORPORATION, AFFIX SEAL)
ATTACH NOTARIAL ACKNOWLEDGMENT OF SIGNATURES OF PRINCIPAL AND
ATTORNEY.IN.FACT.
CALIFORNIA ALL.PURPOSE ACKNOWLEDGMENT
State of California
County of Riverside
On Auoust 10. 2010 before me, Richard R Keller, Notary Public,
personally appeared Michael H. Freeman. Jr., who proved to me on the
basis of satisfactory evidence to be the person(s) whose name(s) is/are
subscribed to the within inslrument and acknowledged to me that
he/ehe4hey executed the same in his/he+Aheir authorized capacity(ies),
and that by his/he+Aheir signature(s) on the instrument the person(6), orlhe 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 oflicial seal.
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Richard R. Keller {SEAL)
CALI FORNIA ALL-PURPOSE ACKNOWLEDGMENT
State of California
County of Los Angeles
On Auqust 6.2010 before me , Tracy Aston, Notary Public, personally
appeared Brenda Wonq , who proved to me on the basis of
satisfactory evidence to be the person(e) whose name(e) is/are
subscribed to the within instrument and acknowledged to me that
he/she/they executed the same in hie/her/ttpir authorized
capacity(iee), and that by hie/her/their signature(e) on the instrument
the person(e), or the entity upon behalf of which the person(e) 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.
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, .,, I Tracy Aston
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lrrrurrn;c. pror rdutg lhal no srngle obhgrtron shrll cxcced t'ifi)., ltlluotl rnd 00,100 lroll.rt (550.000.000.00). ro thc srnrr cxrcnrrr tl sueh bonds h:rd bccn duly cxecut(d and.ckno$l.dgcd by thc rcgularl; clcctcrl officcrs ofthc (irmpln)'at rts p nclpal offic(.
rn thcr ()\rn propcr [)crron\
I hts Po*cr oi Anomcy shall bc consrucd ud cnforccd m accordanc. wrth, and go!cmed by. thc hrrt of thc Stata of Dcla*alc,
$'tthout Slvrng cffcct to tlrc princrplc of conllrts of lews tkrcof This Poucr of Attomcy rs granred punuant to rhc follo*,lng,
rcsoluttoni *hich *crc duly and vshdly sdoptcd al a nlcttrng ofthc Board of Drrecklri of th( Cornpln) hcld o August 2l.2u)0.
"RESOLVED, thrt thc propcr officcn of thc Cotrprrry rr! hcrcby authorzcd to cxccurc po$crs o[ anorncy authorizing and
qualifying thc lnomcy-itl-frct nrnrd thcrcra !o cxccutc bords, undcrtakings. r.lognlzlnccs. or oth.r sur.tythip obliartioos
on bchalf of thc Con4nny. end to rflix th€ sorponr .c.l of thc Compaoy to po$crs of attomcy crccut.d pursua hcrcto:
and funhcr
Rf,sol.l ED. that iuch po*cr of atroftr) Lnuts thc .ct5 uf thoic oanrd thcrflu to thc boods. und.nlbngs, rguognzanccs.
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nunncr and to lh. cxtcnt thcrciir sutcd; and funhcr
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powcr of attomcy or ccntfication thcrcof ruthonzng thc cxccutpn and dclrcrl. of rn, bond. undcnakrng. rccognEaDcc, or
olhcr iuretlihip obligatron ofthc Corpan]-; lnd ruch tigmturc rnd icll $.hcn vl uscd shrll hivc thr sanrc forcc and cffcct as
lhough rrtanually auixcd. l'hc Compan) nuy cootrnu. lo usc for thc purposcs hcrcrn shlcd thc f.crrnilc sigruture of any
p(rson or pcnions *ho shall hatc bccn su.h olfrccr or olliccrs ot thc ( r)rt{,nnt. n()rs tthrtandrng lh( tacr rhal thc] rna, ha\c
rcosed to bc such aI thc trnr u'hcn such uurrunrorr rballbc rssucd "
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