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HomeMy WebLinkAbout1802 . ~ • ~ . ' ' (I ~i charge or charges, which constitute or will become a claim i . ~ ~ against any of the bonds hereinabove described and mentioned, ~ i: j by General's and/or Safeco's own check or draft payable to the , ~ E claimant. ~ I! (e) All deposits made in the Trust Account shall be held ~i (except as paid out under the terms of this Agreement) to indem- ~ nify Genaral and/or Safeco from and against-any and all loss, i ~ ~ liability, cost, charges, damages, expenses, and reasonable i i attorneys' fees which General and/or Safeco may at any time i ~ sustain or incur for or by reason or in consequence of having , I . ~ executed any of the bonds described and mentioned hereinabove. j, III. ~ ~ ~ In consideration of the premises, and of the agreements of ` s . li General Insurance Company of America and Safeco Insurance Com- ` ;i pany of America expressed herein, and the advancements to be - . made in accordance herewith, Indemnitors do agree for themselves, , and for their heirs, representatives, executors, administrators, j; and assigns as follows: 1; (a) To assign, set over, and deposit in the Welbaum, Zook, 4 ; j~ Jones and Williams Trust Account all of their right, title and i~ 'i interest in and to any and a21 sums due or which may become - E ~ ; due from any one or more of the Obligees in the bonds above f mentioned and described; and if any such sums shall be inadverten ly ~ t~ paid to Indemnitors, or if such sums be paid to Indemnitors or ~ ` . ! any of them by necessary provision or operation of law, Indemnito s „ a- shall immediately deposit said swns to the Trust Account. i i; (b) Indemnitors agree to execute security agreements on i' equities in all equipment and other choses in action as required i. by General and/or Safeco. I ~ (c) Indemnitors agree, jointly and sevezally, to repay ~ f ~ ' to General and/or Safeco on or before a date to be agreed upon ; ~ ' b the arties all sums advanced by General and/or Safeco under ~ ~ ~ Y P ~ ( s the terms hereof, and to repay any other or additional sums i ; which General and/or Safeco may be required or become obligated 4 ~ ~ f to pay by reason of having executed as surety any or all of the ~ ~ ; ~ ~ ; ~ ~ gooK 245 P~E1798 - ~ ~ ~ : it y~.~. . . _~_____._____"..r.._ ._____~_.___.~~-~.___.r ~ : _ ~F.~~ ~ ~~~~.s_r ; iT~~~~~~ °4,,.,,~, r : 'S. _ _ - . ~~+'~,~.`~r _ ws_.~~~.~ ' _ _ .