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Bond No. RCB0032724 <br /> [Type here] <br /> FORM OF PERFORMANCE BOND <br /> Date of Contract: December 21st,2020 <br /> Date of Execution: December 21st,2020 <br /> Name of Principal <br /> (Contractor) ASJ Wilson Construction, LLC <br /> Name of Surety: RLI Insurance Company <br /> Name of Contracting <br /> Body: The Lee County Government,Parks&Recreation Department <br /> Amount of Bond: Two Hundred Forty-three Thousand And No/100 DOLLARS ($243,000.00) <br /> Project Renovations to Bob E. Hales Recreation Center at 147 McIver Street,Sanford NC <br /> KNOW ALL MEN BY THESE PRESENTS, that we, the principal and surety above <br /> named, are held and firmly bound unto the above named contracting body, hereinafter <br /> called the contracting body, in the penal sum of the amount stated above for the payment <br /> of which sum well and truly to be made, we bind, ourselves, our heirs, executors, <br /> administrators, and successors,jointly and severally, firmly by these presents. <br /> THE CONDITION OF THIS OBLIGATION IS SUCH, that whereas the principal <br /> entered into a certain contract with the contracting body, identified as shown above and <br /> hereto attached: <br /> NOW, THEREFORE, if the principal shall well and truly perform and fulfill all the <br /> undertakings, covenants, terms, conditions and agreements of said contract during the <br /> original term of said contract and any extensions thereof that may be granted by the <br /> contracting body, with or without notice to the surety, and during the life of any guaranty <br /> required under the contract, and shall also well and truly perform and fulfill all the <br /> undertakings, covenants, terms, conditions and agreements of any and all duly authorized <br /> modifications of said contract that may hereafter be made, notice of which modifications to <br /> the surety being hereby waived, then, this obligation to be void; otherwise to remain in full <br /> force and virtue. <br /> IN WITNESS WHEREOF, the above-bounden parties have executed this <br /> instrument under their several seals on the date indicated above, the name and corporate <br /> seal of each corporate party being hereto affixed and these presents duly signed by its <br /> undersigned representative, pursuant to authority of its governing body. <br /> Executed in 1 counterparts. <br /> Witness: ASJ Wilson Construction,LLC <br /> Contr or: (Trade or porate Name) <br /> B <br />