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Home My WebLink About2832 A1~IERICAi~?T . ~ ~ : } l~Yre and Ca$ualty Company . o,~. ~ 6eneral A~reement o! Indemnity - ~~p~ ~p~pl~$s that whereaa, st the request oi t6e underst~ned berein- •iter referred to ~a Indemnitora. and npon oondition that this instrument bs e~cecuted. Ameridw Firs and Caauslty ComQsqy. bereinatter reierred to ~a tbe 3urebr. s oorpontion oi the 3bta .oi Piorids. haa e~cecuted. or m~? hereatLer ea~ecute. a bond or bonds on behali ot NH~H~~H~M~~N~N~~M~~MU~~~~~NH~~~N~N~~~M~N~H~NN~M~~NNNMN~NN~N~NU~N~N ' Herbert 3hield hacinafter refcrred w as Prtncipal, copy or coplea oE whtch may be hesew attathed. '~11~ ~~tlt~. the Indemnttors 6ave a subateadal. materisl snd beacflctal tatcrcat m the obtatnlag of the sald ; boad or bonds. • t ~q31i, ~~trtfOrt, tn consideradon of the pren~isa tbc Indcmattors, for tbemselva. thelr beir~. excc~tors. ; admintstr~?tors, aucccsson aad assi9ns jotatly aad aeverally haebp covcaaat and agm aith t6e Surety. its anccessors and aasigas. as follows: ~ 1. Thst the Indemnitora wW p~mmptb?p~r or cause to be psid in cash to the Suret,~ st its ofiice in the City oi Orlsndo for the execntion oi the e~id bond or bonds. the p~+eminm or pt~eminms to be paid annw~lb?. in ~ advsnce, in esch and every year during the time which the 3urety al~all be and continae to be' liable upon the said bond or bonda. snd nntil the 3urety absll lu~ve been fully die~charg~d snd releaaed from aay and sli liability upon esid bond or bonda and ~11 mattera and thinga stlaing tbereirom. sad until there s2u~U have been turniahed to the 3urety due and aatiafactory prooi by evidence legally oompetent o! such dischs~rga- and releaae. 2. The Iadcmniton ahall at all times lndematfy and kcep indemai8ed the Snrety and hold and savc !t harmless fmm and againat aay and all Itabtlity, losscs, costs, damagea, attorneya' aad counacl fecs, and dlabursements, aad ex- pensea of whatever kind os aature which th~ Surcty may sustain or incuc by rcasoa or ia conacqucnce of havtng exc- cutcd or procured the txecuHoa of such bond or'bonda, and any renewal, contlnuatlon, exteasion or auccessor thercof. and all other bonds heretoEore or bcrcaEtu executed or procured for os at thc request of the Priuctpal, and which the Sunty may austain or incur in taking any atcps it aiay dce~n neccssary tn maklag aay investlgatloA, in defendlAg or n proaecutia9 any act~ona. auita or other proceedings which may be brought undes or !a conntcdon thtrewith. or ia - secove,ring or attemptiag to recover aalva9e or any unpaid bond premiam. in obtalniag or attempttng to obtaia se- leaae from 11abiUty, or ia eaEorcing any of We covenants oE this agreemmt: to pay ova, rcimburse aad make g~od M the Svrety, ita succeasors or sssi9na, all money which the Surety or its represeatatlva sball psy. or caua~ to be patd or bccome liable topay, by reason of thc executioa of such bond or bonds, and any reaewal. coatiauance, extenaton or aucccasor thereof, and all othcrboada haetofore or hacafter execnted or procured for or at the request of the Prlncipal; aad auch payment to be made to th~ Surety aa sooa as 1t ahall become liable tbucfor. whetha the Surety shall have paid out such sum or aay part t6ereof. os not. ~ i ~ 3. If for any rcason tl~e Surcty ahaU be requtred or shall dcem it ncccssasy to set up a reserve ia aay amouat w ; cover aay conNngeat claim or claims, loas, costs. attosaey's few aad dlsburiemeab aad expenses ta connecdoa with any bond by r~asoa of default of the Prtacipal, abandonmeat of coatsact, liens 81ed, unpatd aad past due bills, dtspute with the ownes or obligee. or fos aay reaaon whatsoevu. sad regardleas oE any proceedtngs contemplated or takea by , th~ Prtncipal or thepen dency of aay appeal, tbe uadaaigned Jointly aad aeverall~? hueby co'veaaat and agsee imm~- dtatdy upon dcmand to depoait with thc Surcty, in curreat fuada aa amonnt an.~ctmt w coves snch reserve and aay increase thueof, auch fuada to be hdd by the Surcty~ss collataal, ia additioa to the indemnity affosded by this iastra- meat, with the right to uac such funds or any part thereof, at aay tlme, ta paymeat os compromise of aay jndgmea~ clalms, li~bility. loss, damage, attorney'a fees and disbursemeats or othes expeaaes: aad iE t~e Surety ts requircd to ea- fosce paformance oE thts covcaaat by actioa at Iaw or ia equity. the costs, charg'ea. and experises. indudLg co~ a attomey's fee~, which it may thaeby incur, shall bc tncluded in auch acdon aad pald by the undessigned shall be su~cleat if sent by regtatucd mall to the nndersigaed at the addsess givea herela or last known to the Surety, whether or not actually recdved. . . 4_ That the Snrety may, at aay tlme hereafta, without rdeastag or dtscharging the Iademnltosa from any daim, demand, acdoa, costs, liability or aay othu expcnse th~retofore iacurnd or accrued. take suc6 acNon as it might dean necessasy or propcr to obtaia ita release hom any and all liability anda the said bond or bonds, and the Indemnitors furthes agree that they ahall further aecure and indemntEy ~the Surcty agaiast aay and all chargcs. llabillti=s and expenaes of whatevu nature whtch the Surety may sustaia or incur or be • put to in obtainiag such release. ~ 5. The Surety may also altu, c6ange, modify, amead, ltmit or extend th~ said bond or bonds and any ren~wal or other obligation in place or Ia Ueu thercof, and in any such case the Indemaltora a6all be liable to the Surety as fully and w th~ aame extent oa account of any aucb altered. changcd, modl6ed. ameadcd, limited or extendcd bond ! or bonds or reaewal or aubatitution thercof, whcnever and aa oftea as made, as though such bond or boada is or are ' described at length hereia. ' . 6. That it ahaU not be neccasary for the Surety to givt to the Iadcmnttors or aay of t6em notke. whlch is here- by expressly waived. of any act, fact or information coming to the notlce or knowlcdge of tl~e Surety concuninA .or , affccting its righta or ~liabilltles unda any auch bond or bonds by it ao executed. or the rights aud lfabilittca~E tbe Indemnitors heretn. ~ ~ 7. Any property of any ktnd whicL may hsve been, or may hueaftu be, pkdged as collatual securtty on aay , one.or more of auch bonds may, st the option of the Siuety. be retatned as collateral security oa aay and aU bonds ~ coming wi~hin t6e scope of this agreement, whetha thuetofore or thereafta extcnted, and for the fnU and complcte puEormance in all respects of t6e coveaaata of tht Indemaiton. In csse the Snrety s6ould deem it adviaable for the purpose of ineeting any actual or prospecNve c~aim or demaad under aay such bond or boads or Wpa y any expa~scs incurred or to be Incurnd in coaaectioa thcrewith, or ia caat the Surcty s6ould be of tbe opinion tbat said proptrty is likely to so decliae in market valuc that ti~e sccurlty to the Surcty will be lnadequate. the Surety shaU havc fuU ~ power and authorlty. without notice to the lndemaitors or aay oE them. to sdl. sasign, and delh?a said collatcral, or ~ any part thueof, at puWtc or pdvate sale at the op tion of the Surety, its succe.ssors aad assigns, with the right to be ` the putchascr itself at any such asle, and to uae t!u proceeds, or aay part thaeof as may be necessary?, in order to ~ protect itself or aay other Surety or Sureties executinQ such boad or bonds agaLust loss, coscs, damages. attorney a fees and.expcnses as aforesaid: aad, after deducting all legal aad other costa and expeases of such sale, and all such ; losa. costs, damages, attorney a fees and expenses as aforesaid, and all premlums due the Sur~ty or any sych Surety ` or Suretics for any such bond or bonds, shall retusn the rematnder of sucb collataal os the proceeds of sale. If aay, to ~ ~ tbe pcrsoA or paaons Iegally authorizcd to reccive the same: provlded tlu Surety s6all r~ot be responsible for aay F bss resulting to aaid property from any cause othu t6aa tbe wson9ful act or negket of iu o~cus aad empbyees. ~ S-O61 € ~ . 87 431 - - - - - _ _ .