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' AGRE~EMENT
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~ TNIS Agreement, made and entered into this 15th day of
~~SepLember , 1975, by and between W.W. Arnold Construction
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;Company, Inc., a Florida corporation, and W.W. Arnold and E,
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~!Ann Arnold, individually, hereinafter sometimes referred to as
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j:"Indemnitors", and General Insurance Company of America, a
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?Washington corporation, hereinafter sometimes referred to as ~
~"'General", and Safeco Insurance Company of America, hereinafter
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;sometimes referred to as "Safeco", Washington corporations, ~
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'Witnesseth: - ~ ~
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1. WHEREAS, W.W. Arnold Construction Company, Inc. (Arnold)
~;entered into certain construction contracts with respect to Which
~;General and and/or Safeco executed certain bonds, set forth in
~'Exhibit "A" attached hereto and made a part hereof; and whereas,
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;;on December 30, 1971, Indemnitors executed a general agreement
?~of indemnity to General and/or Safeco and each and every bond
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';executed by General and/or Safeco on behalf of Arnold, referred
~~to in Exhibit A was executed in reliance on and in consideration
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~;of said general agreement of indemnity; and
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2. WHEREAS, Arnold has not received pa~ment from the Owners
:in the contracts described in Exhibit A attached hereto, and is
~temporarily without sufficient liquid resources to pay for labor
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;:and material and other project eacpenses and home office overhead
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?~used or required in connection.with performing said contracts, and
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~~is desirous of and lias requested General and/or Safeco to ad-
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;vance funds to assist in finishing these contracts, inc2uding
;charges for labor, materials and supplies employed upon and in- ~
,':corporated in said projects, or to be employed upon and incor- ~
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~ ~ N ~.porated therein; and ~
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~ c 3. hfHEREAS, General and/or Safeco is willing tp advance
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a H w ~ ~•.~{certain sums o£ money for said purposes, but only upon the terms f
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~ ~ ~ ~ ~ w herein set forth; ~
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NOW THEREFORE in consideration of the mutual a reements `
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~ ~ aw v;~of the parties herein contained and set forth, it is agreed
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~ ~ °i ~ BOOK ~'3J PACE1796
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