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EXHIBIT A
To be attached to and form a part of Bond No. 5754168 issued by National
Fire Insurance Company of Hartford, (hereinafter called Suret~) on
behalf of Rodgers Construction, Inc, (hereinafter called Princ~pal)
in the amount of Ten million, severt hundred ninety six thousand and
no/100 dollars ($10,796.000.00), dated June 10, 1983~ in :avor of The
Princess Development Corporation (hereinafter called Obligee).
in cansideration of the premium charged for the attached bond, and
other good and valuable consideration, receipt of which is hereby
acknawledged, the bond is hereby aunended as follows:
1. Barnett Bank of South Florida, N.A., Miami, Florida {hereinafter
called Lender) is hereby added as co-obligee on the bond.
2. The undersigned hereby agree as f ollows:
a. The Surety shall not be liable under this bond tolkhe
Obligees or any of them unless the Obligees or any of them
shall make payments to the Principal strictly in accordance
with the terms of the Contract subject to any applicable grace
or cure periods contained herein or in the Con~ract~or any other
contract.documents relating to the Contract and shall perform
all other obligations to be performed by Obligees under the ~
Contract at the time and in the manner set f orth, subject ~o -
any applicable grace or cure periods contained herein oz in the ~
Contract or any otber contract documents relating to the Contract.
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b. The aggregate liability of tbe S urety under the attached ~
bond or under the attachea bond as modified by this
Addendum to the Obligees, or any of them or their suc-
cessors and/or assigns is limitea to the penal sum above
mentioned and the Surety may at its option make any
payments under the said bond by check issued jointly to
the Obligees. Upon making such payment, the Surety shall
~ be subrogated, and shall be entitled to an assignment of
~ ~ all rights of the payees with respect to the particular
~ obligation, discharged by the payment either against the
; Principal or against any other party liable to the payee
~ on the discharged obligation.
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~ c. The Principal must give written notice to the Lender of
i any alleged def ault by the Owner under the Contract
~ ~or any ott~er contract documents relating to the
Contract.
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~ d. The Lender shall have not less than 90 days after receipt
~ of such notice to cure such default before the S~urety
shall be allowed to assert the default as a defense
z against the Lender under the bond.
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€ e. Claims submitted to arbitration shall not constitute
~ defaults.
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~ . The S sre~y waives any defense of timeliness of completion
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~ ~~i~ time extensions are granted by the Owner to the
~ ~ ~ ~ ' . L C'y},Sr~.t z ac to r .
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i~'~ed?, s~31~d and dated this ~Ot~~ day of Jur,e, ~ 983.
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, R~dget~s~ COr~`ruction In Acknowletlged and Accepted
' • ~ • by i .
"-;~,~~t~)~,_~~~ ~ The Princess Development
~,Nr~t~ ' a Fire surance Corpotation
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` Co any o Ha ord ~.•M'
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€ g ~ ~ By:
Y; .
~ ren a Merryman Q~ ~.i: _ o: ~
~ Secretary A. Balaton
Attorney-in-Fact i•, ~ _ '
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ACf~~ I DW!~~ ~.V PA+7~ ~./V~
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