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HomeMy WebLinkAbout2799 . ~ . . - ' , ' C/1NCELATION notic~ either by tM Obliqee w tM I~ured a by ths Surety ~ Section 6. This Bond shall b~ dea+ned cancekd ss to any sh~ll b~ puivalent to msili~p. If ths Oblipes or the I~uured E~~~' . tanctls, ~arned prea?ium shall b~ coniputed in atoo?da~t~ with la) In+n+edist~ly upon discov~y by the Oblipee or tM Insurod th~ customary sl+ort at~ tsbl~ and proceduro. If tM Surety of sny att on tM piR of suth Employe~ whith would csntels, euned pnmi+xn shall b~ oon~pufed pro rsh. Rre~nium constitut~ a tiabili of the Surety w~d~? th~ applicabis ~j~~"~ ~y b° ^?sd~ at th~ tim~ c~ncelatio~ is effactiw b w ss soon ss P~acticabl~ ~ftK cancelstion b~coa~es aNettive, Inwrinp Apreeme~t coveri~p such En+Rloy~s: but WY~+t or tendK of un~am~d pnm4un~ b not • conditia+ tb) Upon th~ death, nsi9nation or rm+orsl of xxh Em- of cancalation. P~% if any of th~ canc~lation provisio~s s~t forM~ in eithe? or (c) At 12 o'clodc nipht upon Nw eHxtiw d~t~ s~cified fa,par,p p~~~ ~ ihts S~ction sn proF+ibited in a written notke m~il~d to ths Obli~ee snd th~ In- a~~ ~ by ~y yw oontrollinp the tonstnution of this wred Sud~ d+te sf+stl be not less than thi~ty-d~n sfb? g~. ~ p~jsia+s to the ext~nt tFwy sn so prohibited the d~b of n+ailinp. Ths mailinp by the Swety of a~~ ~~II be deemed ro be rwUified and of ~o eftect. notice ss afaesaid b the Obliqss snd th~ Insured shall M wfficiant~oo f of ~otice. Delivery of wd~ writte~ LEGAL PROCEEOINGS notice by tht 5unty sh~ll b~ equivslent to mailinp. 5~~ 7. No wit, xtia+ o~ proceedinp of any kind to This gond n~sy b~ cancel~d by the Obiipee w the Inw?~d by recwer on account of loss und~? this Bond sFutl be ~t maitirg w the Sunty rrritten natice statinp when tl~ereaher the after the expi?ation of three yesrs from th~ cancebtion of is tancelation sF+all be effective. This Sond ~+nsy be csnceled by Bond as sn entinty provided, howeva, th~t if wd+ limintion t1+t Sure1Y bf? m~ilinp to M» Oblipe~ snd tM lewxed wriften iw brinpinp wit, stfion or P~~~O is prd~ibitsd ot mads notic~ statinp wh~n. nof less tFsan thirty dsys tMresftK. wd~ void bY anY law tontrollinp the co~stnution of this 6ond. wch unc~lation shall b~ effactiw. The msilin~ of notioe u aiwe- lin?jtstion shall be deemed to b~ sn+e~ded so ss to be eqwl s~id shail be suffiant proof of notice. Oelivery of wth written ro the minirtwin period of th~ limitstian permitted,by wd~ law. In wiMess whenwf, the Surety has caused this Bond to be executed on the Declarations p~a~e. i ~ ~ ~ ~ - ~ . ~ ~ ~ ~ FIlEO AND RECOROEo ~ Sj.lUC1E COUMtY fU• ~ ~ pOCER ?0<<RAS ~ CIERK CIR~~~T COURT ~ aECORO vE~i1F~E0~•~"" - ,~„25 2 oaer+~~~ zsss~~ ~0~228 ~2?9~ ~ ~ r- • ~ ~ ~ ~ _ . .n.~ _ _ - ~