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'', . , • • . . <br /> `� , � . • - . . <br /> _ <br /> , � <br /> ^able to sureties as a defense in the juri,dicliein o� the suit traclor of an amounts received ur lo be received b <br /> Y Y <br /> shall be applicable. Ihe Owner in setUement uf insurance or other claims <br /> 1U Notice to ihe Surety,the Owner or the Contractor,hall for dimages to which the Contractor is en�itled, re- <br /> be mailed or clelivered lo ihe address sho�vn on U�e sig- <br /> duced by all valid and proper payments made to or on <br /> behalf o(the Conlractor under ihe Constru � i <br /> c t on C on- <br /> naWrc page. lract. <br /> 11 When this l3ond has been (umished to comply with a �2,2 Consiruction Contract:The agrec�menl between ! <br /> stawtory or olher le�;a� req�iirement in the location whcre thc O��ner anci the Contractor idenlified on 1he si�;- � <br /> the construction was to be per(ormed,any provision in ihis nature pa�;e, includin�; all Coniract Uoc ume�nis and � <br /> l3ond contlicting with said statutory ur legal requirement chanbes ihereto. <br /> shall be deemcd delelecJ here(rom and provisions con- I <br /> (orminb to such statutory or other le�al requirement shall 12.3 Contractor Default: Failure of the Contractor, <br /> be deemed incorpora�ed herein. The intent is that this which has neither been remedied nor waived, lo per- <br /> [3ond shall be construed as a statutory bond and not as a (urm or otherwise to comply with the terms of �he <br /> comrnon law bond. Construction Contricl. <br /> 12 DEFINITtONS 12.4 Owner Default: Failure o(i#�e Owner,which I�as <br /> 12.1 f3alance e>f the Contrart Price: "fhe tc�tal amount neither been remedied nor waived, to pay the Con- <br /> tractor as required by the Conslruction Ce�n�r�c t or lu <br />, payable by Ihe C)wner tu the (:ontraclor under Ihe ��erform and complele or comply willi Ihe other Ierm; <br /> Ce>n5truclion Ce�nlract alter all pruper adju;tmc�nls Ihereo(. <br />, have been made, including alluwance to ihe Cun- <br /> MODIFICATIONS TO THIS f30ND ARE AS FOLLOWS: <br /> (Space is providcd bele�w (or additional signawres uf added paitic�s, c��hcr than th�>se appearin�; c>n �he cover page.) <br /> CONTRAC-fOR AS PRINCIPAL SURLTY <br /> Company: (Corpor�le Si�all CU(11�)dlly: (COf�Ofa�c Seal) <br /> Signature: Si�;nalure: <br /> Name and Title: Name and Ti�le: <br /> Address: r�dcJress: <br /> AIA DOCUMENT AJ12 • P[RfORMANCE BUNf) AND PAYMCN7 13UND • L>[Cf.MRIR 1'/161 Il). • AIA �«- <br /> THC AMCHICAN INSfIfUTf OF AhCHITLCiS, 1755 N(�N Yl)RK AVE., N.bY., �YASIIING7UN, D.C. 211006 A312-1984 3 <br />