S U B D I V I S I O N M O N U M E N T B O N D
CITY OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66496)
Tract Map No. 36658
Bond No. 7901181827
Surety Premium $ 471.00
Surety Nationwide Mutual Insurance Company Principal Pulte Home Company, LLC__ Address One West Nationwide Blvd., 1-14-301 Address 27401 Los Altos, Suite 400 City/State Columbus, OH City/State Mission Viejo, CA_____ Zip code 43215-2220 Zip _92691____ Phone 866-387-0457 Phone __949-330-8544__________
That, Pulte Home Company, LLC., subdivider, as principal, and Nationwide Mutual Insurance Company, a corporation, as surety, are hereby jointly and severally bound to pay to the City of Menifee the sum of One Hundred Twenty-Five Thousand Six Hundred Forty and 0/100 Dollars,
($125,640).
The condition of this obligation is that, whereas the subdivider, as a condition of the filing of the final map of Tract No. 36658, entered into an agreement with the City of Menifee to set Survey Monuments and Tie Points in said tract and furnish Tie Notes therefore and to pay the engineer or surveyor performing the work, in full, within 30 days after completion.
NOW, THEREFORE, if the subdivider shall well and truly perform said agreement during the original term thereof, or of any extension of said term that may be granted by the City of Menifee, with or without notice to the surety, then this obligation shall become null and void; otherwise, it shall remain in full force and effect.
As a part of the obligation secured hereby and in addition to the face amount specified therefore, there shall be included costs and reasonable expenses and fees, including reasonable attorney’s fees, incurred by the City of Menifee in successfully enforcing such obligation, all to be taxed as costs and included in any judgment rendered.
The surety hereby stipulates and agrees that no change, extension of time, alteration, or addition to the terms of the agreement or to the work to be performed thereunder or the specifications accompanying the same shall in anywise affect its obligation on this bond, and it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the agreement or to the work or to the specifications.
Surety further stipulates and agrees that the provisions of Section 2845 of the Civil Code and commencement of construction are not conditions precedent to surety’s obligations hereunder and are hereby waived by surety.