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PRI1AENi BONO BOND NO . _
C0 OBUGff
KNOW ALL MEN BY THESE PkESENTS,
D. I . C . COMMERCIAL C011'STRUCTION CORP .
T`~at we
99 N.W. 183 Street
yi ami , FL 33169 Principal, and •
AI,~FRICAh 1.4ANUFACTURERS MUTUAL INSURANCE COMPANY, Long Grove, Illinois, Surety, are held
SAND UOLI~iR VILLAS DI;VELOYM.I:NT COkPOkA.'I'lON
and firmly bound unto....6..INTSRCONTInF.'NTAL-•BANK-,_-_,-_-------- ------------------_-.._.aS their intereStS may appear,
t,ere:r;after called the Obligees, in the sum Of....One...M~ ll,ion Tw:~. Hundred Forty.b'ine Thousand....-......
?l.!o-,HuL~~re'd..F..i.~t.een...&..na/.~Q.O...-..-..:-...-...-..-...-..-...-...-...-...- Dollars ($..1,299,215_00.)ior
;!re payment of which we bind ourselves, our legal rep+esen;'ativ=•s. suc~:essoas and rss:gns, )c,intly and
se~•eraNy. fumly by these presents.
l'?'^~~e;a. Principa! has enl~:ed into a certain contract, dated . _.......:~ugusr 25, 1978
{p. the carstruction of -a-47--unit apartment bu-iadinq._Sand..no11_ar- Vil_]as, _Bu13,ding-__--.-_-
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~C ;,,<-1udi;,_~ the- 1,r:i (ding-.and-.site--worY..
Op}•~•` ::ilia? COntraCt IS t_~) r~fe~tnCe^:,luE c Hart t:~reUf
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!:OV?. THEREFORE, THE CGNDITION OF THIS OB! IGti110N IS SUCH, that if the Principal shall
;~?cn~ptly rr~ak? payr::eM tc all p~rsor.s supplying labor arlc r :attr:a: m ine prcaecution of the :vork pro-
~~ided for in said Contract, then this obligation to be voir, oth~•r::,•c- 5~3li terrain in full force and effect.
?RO`rII~ED, ho?sever, 'twat Prinapal and Surety shah not br' I~ablc to the Obligees or any of them
unless tt~e Obligees or any of them have performed the r.t;i~l~~ltiohs tc, the Princrpai in accordance with
a itle terms of said Contract: and
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3 PROVIDED, furiner, that no suit, action or proceeding by reason of any default whi;;ever shall be
a JrOllg~l; c,r, ;'rr~s t,ond after one year from the day on wnic.r. final payment under the Contract tally due;
~r~d
PROVIDEG• further, that Principal and Surety steal! no; l:eJIE to vli nbGf,ees in t~,e ::rgregate in
cxc.ess of the sum abo~•e sta;ed.
SIG~LD, SEAIED artd [)All D this... 2nd........ dayot. .4t;ri1. 19. 79
- D.I.C. .'t -:RC;F.1. C.:':tiTi:UCilON CUhP. -
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1.MERICAN E'. i~t.UFACTUr:P.S t'~UTUAL It:SURANCE COI: PANY
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hinca Fast ti•u,~•~c; racl
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