(To be issued on Bonding Company stationary)
MAINTENANCE BOND
KNOW ALL MEN BY THESE PRESENT, that we (Developers Name/Address) , as principal, and as surety, are held and firmly bound unto Miami County, Indiana, in the full and just sum of (written amount and in parentheses the numerical amount) , for the payment of which, well and truly to be made, we bind ourselves, jointly and severally, and joint and several heirs, executors, administrators, and assigns, firmly by these presents, this _____ day of ______, 20__.
THE CONDITIONS OF THE ABOVE OBLIGATION are such that, if the above-described principal shall well and truly maintain (describe items to maintain) and they shall be free from defects in workmanship and materials, general wear and tear excepted, for a period of three (3) years, then this obligation shall be null and void, otherwise to remain in full force and effect.
SIGNED AND SEALED this _____ day of _______, 20___
(Name of Principal)
(Witness) (Signature of Principal)
(Witness) (Name of Surety)
(Signature of Surety)
(Type name of Attorney-in-Fact)