MAINTENANCE BOND
STATE OF INDIANA )
) SS:
COUNTY OF MARSHALL )
KNOW BY ALL MEN THESE PRESENTS that_________________________ as principal and_____________as surety are held firmly bound unto the Town of Culver, Indiana, in the sum of $___________in lawful current money of the United States, for which payment will be made and we bind ourselves, our heirs, successors and assigns in solido by these presents.
Dated and signed at________________Indiana, this_________day of________,__________.
The conditions of this obligation are such that whereas the above named principal did on the_____________day of______________,_______, enter into a certain contract with the Town Council of Culver to maintain for a period of____years from___________,_______________, the improvements in___________Subdivision and keep all fill trenches, pipes, manholes, structures and paved or unpaved surfaces constructed by him or her in good condition and shall make such repairs to any defects in materials or workmanship as may develop or be discovered when called upon to do so by the Town;
NOW, THEREFORE, the aforesaid principal shall well and truly and faithfully perform said contract and comply with all of its terms, covenants and conditions according to its tenor, and discharge all of said principal's obligations thereunder and shall fully pay and discharge all of said principal's obligations to the Town of Culver, Indiana and this obligation shall be null and void; otherwise, to be and remain in full force, effect and virtue.
In testimony whereof we have hereunto set our hands in the presence of the two undersigned competent witnesses this day, month and year above written.
SURETY COMPANY
______________________________
Attorney-in-Fact
Witnesses:
_____________________________ ______________________________
Signature of Subdivider
_____________________________