KB Home Coastal, Inc. Subdivision Monument Bond TM30142 30001157GOPY
BOND NO.:
PREMIUM:
30001157
s227.00
SUBDIVISION PERFORMANCE BOND
KNOWALL MEN BY THESE PRESENTS:
That KB Home Coastal Inc,, as Principal and The Continental Insurance Company, a
corporation licensed to transact surety business in the State of California, as Surety, are held and firmly
bound unto the City of Menifee, as obligee, in the penal sum of Thirty Seven Thousand Eight Hundred
and 00/100 Dollars ($37,800.00), for the payment of which sum well and truly to made, we bind ourselves,
our heirs. executors, successors and assigns, jointly and severally by these presents.
THE CONDITION OF THE ABOVE OBLIGATION IS SUCH, that whereas said Principal, the owner of a
tract of land representing a subdivision entitled Hidden Hills, Tract Map No.30142, and
WHEREAS, the map of said tract on which Principal desires to construct
Model Home Complex
hereinafter referred to as improvements, and petition the obligee to accept the improvements, and
WHEREAS, said obligee requires a bond conditioned for the improvements of said tract, and
WHEREAS, the Principal proposes at its own cost and expense to improve said tract within the limits of
said subdivision.
NOW, THEREFORE, if the said Principal shall well and truly cause said improvements, as herein before
specified, within the limits ofsaid subdivision to be improved, then this obligation shall cease and be void,
otherwise it shall remain in full force and effect, and the Surety on this bond binds itselfto said Obligee, to
the amount on the herein above stated penal sum, that said improvements shall be completed in accordance
with the agreement between Principal and Obligee.
IN WITNESS WHEREOF, said Principal has hereunto set its hands and seals, and said Surety has caused
these presents to be executed by its officers thereunto authorized this 2od day ofFebruary, 2017,
By:
(Name & Trtle)
The Continental Insurance Company
By:
Brenda Wong, Attomey-in-Fact
KB Home Coastal Inc.