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EXHIBIT B
Anything to the contrary in the underlying Contract and rider or any
other existing or future agreement between the Principal and the Owner ~
notwithstanding, it is understood and accepted by the Owner, as
. evidenced by Owner's signature hereto (without limiting the last paragraph of
this Exhibit), that:
1. The Performance Bond does not include any undertaking by the
Surety to guarantee a~y responsibility of the Principal for
errors, inconsistencies or omissions in the architectural or
engineering design of the Work to be performed under the Contract
which extends beyond any responsibility for such errors, incon-
sistencies or omissions imposed by an unamended AIA Document
A201, General Conditions of the Contract for Construction,
Thirteenth Edition, August 1976.
2. The a.mount of the Performance Bond shall be (a) r~duced to three
million ($3,OOO,U00) dollars one (1) year after final completion of
the Work under the Contract (b~ further reduced to one million
($1, 000, 000) dollars three (3) years af ter f inal completion of the
Work under the Contract (c) further reduced to zero (0) five (S)
years after final completion of the Work under the Contract. In no
event shall the liability of the Surety extend beyond five (5)
years after final completion of the Work under the Contract.
3. The provisions and limitations of Florida Statutes Section
i 713.23 are hereby incorporated by reference into this
bond and, in the event of any conflict between the terms of
this bond and the terms of said statute, the terms of said sta-
tute shall prevail. The invalidity of any one or more phrases, ~
sentences, clauses or sections hereof shall not affect the
remaining portions of this bond, or any part hereof, all of
which are inserted conditionally on their being held valid in
~ law, and, in the event that one or more of such phrases, sen-
f ' tences, clauses or sections contained herein shall be invalid,
; oz should ogerate to render this bond invalid, this bond shall
~ be construed as if such invalid phrase, sentence, clause or
~ section had not been inserted herein.
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~ Without expanding or limiting the rights and obligations of ~he Surety
~ under this bc~nd (including the attached Exhihits), nothing cor.tained in
this bond shall be deemed to a*nend or modify in any respect the rights
and obligations of the Owner'and Contractor under the Contract and any
other contract documents rela*ing to the Cor.tract as between themselve~.
S,~g~!l~~3~ ~ff~ealed and dated this lOth day of June, 1983.
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