HomeMy WebLinkAboutANTENNA REMOVAL BONDDin No.08985520
Fidelity and Deposit Company of Maryland SCANNED
Antenna Removal Bond BY
St. Lucie County
KNOW ALL MEN BY THESE PRESENTS: That Verizon Wireless,14055
Rke-t Dr., Suite 600 Tamva FL 33637 (hereinafter called the Princip4, and
Fidelity and Deposit Company of Maryland (hereinafter called the Surety), a cotporadon
duly organized under the laws of the State of MD are held and firmly bound unto St. Luci
ounZ 2300 Virginia Ave Ft. Pierce, FL 34982 (hereinafter called the Obligee), in the
full and just sum of Five Thousand and 00/100 Dollars ($5 0 , the payment of which
sum, well and truly to be made, the said Principal and Surety bind th'emselves,'and each of
their heirs, administrators, executors, and assigns, jointly and severally, firmly by these
presents.
WHEREAS, the Obligee has entered into an agreement with the Principal related to the
installation of antennas and as a requitement of such agreement the Principal is obligated
to remove the telecommunications equipment from property identified as Cell Site Maw,
Crown located at 8701 Orange Ave Ft Pierce, FL upon discontinuance of service.
WHEREAS, the Obligee has agreed to accept this bond as security for performance of
Principal's obligations under said agreement duting the time period this bond retrains in
effect.
NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH that
if the Ptincipal shall perform its obligations under said agreement as stipulated above, then
this obligation shall be void, otherwise to remain in full force and effect, unless otherwise
cancelled as hereinafter provided.
PROVIDED HOWEVER, that this bond is executed subject to the following express
provisibns and conditions:
1. In the event of default by the Principal, Obligee shall deliver to Surety a written
statement of the details of such default within 30 days aftei the Obligee shall learn of the
same, such notice to be delivered by certified mail to address of said Surety as stated
herein.
2. This bond may be terminated or canceled by surety by giving not less than sixty (60) days
written notice to the Obligee, stating therein the effective date of such termination or
cancellation. Such notice shall not limit or terminate any obligations resulting from
default by the Principal that may have accrued under this bond as a result of default by
Principal prior to the effective date of such termination.
3. Neither cancellation not termination of this bond by Surety, nor inability of Principal to
file a replacement bond or replacement security for its obligations, shall constitute a loss
to the Obligee recoverable under this bond.
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4. No claim, action, suit or proceeding shall be instituted against this bond unless same be
brought or instituted and process served within one year after termination or
cancellation of this bond.
5. No right of action shall accrue on this bond for the use of any person, corporation or
entity other than the Obligee named herein or the heirs, executors, administrators or
successors of the Obligee.
6. The aggregate liability of the surety is limited to the penal sum stated herein regardless of
the number of years this bond remains in force of the amount or number of claims
brought against this bond
7. If any conflict or inconsistency exists between the Surety's obligation's as described in
this bond and as may be described in any underlying agreement, perrnit, document of
contract to which this bond is related, then the terms of this bond shall prevail in all
respects.
S. It is expressly understood and agreed that this bond does not cover or guarantee rent or
lease payments of any kind.
9. This bond shall not bind the Surety unless the bond is accepted by the Obligee. If the
Obligee objects to. any language contained herein, witbin 30 days of the date this bond is
signed and sealed by the Surety, Obligee shall return this bond, certified mail or exptess
currier, to the Surety at its address at
Fidelity and Deposit Company of Maryland
Attu: Dan Lutes
3910 Keswick Road
Baltimore, MD 21211
Failure to return the bond as described above shall constitute Obligee's acceptance of
the terms and conditions herein.
IN WITNESS WHEREOF, the above bounded Principal and Surety have hereunto
signed and sealed this bond effective this W day of Jam 2010.
Verizon Wireless Fidelity and Deposit Company of Maryland
By:
By:
PatrickBann , ttomey-in-Fact