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(1) year from the date of final completion and final acceptance of the Work by OWNER; and, if <br />the Principal shall fully indemnify and save harmless the Beneficiary from and against all costs <br />and damages which Beneficiary may suffer by reason of failure to so perform herein and shall <br />fully reimburse and repay Beneficiary all outlay and expense which the Beneficiary may incur in <br />making good any default or deficiency, then this obligation shall be void; otherwise, it shall <br />remain in full force and effect. <br />PROVIDED FURTHER, that if any legal action were filed on this Bond, exclusive Venue <br />shall lie in Lamar County, Texas. <br />AND PROVIDED FURTHER, that the said Surety, for value received, hereby stipulates <br />and agrees that no change, extension of time, alteration or addition to the terms of the Contract <br />or to the Work to be performed thereunder or the Plans, Specifications and Drawings, etc., <br />accompanying the same shall in anywise affect its obligation on this Bond, and it does hereby <br />waive notice of any such change, extension of time, alteration or addition to the terms of the <br />Contract, or to the Work or to the Specifications. <br />This Bond is given pursuant to the provisions of Chapter 2253 of the Texas Government <br />Code, and any other applicable statutes of the State of Texas. <br />The undersigned and designated agent is hereby designated by the Surety herein as the <br />Resident Agent in Lamar County to whom any requisite notices may be delivered and on whom <br />service of process may be had in matters arising out of such suretyship, as provided by Article <br />7.19-1 of the Insurance Code, Vernon's Annotated Civil Statutes of the State of Texas. <br />IN WITNESS WHEREOF, this instrument is executed in six copies, each one of which <br />shall be deemed an original, this, the day of .._ .... , 20 <br />ATTEST: <br />Company Name <br />By:, <br />Signature <br />Typed/Printed Name <br />Title <br />Address <br />PRINCIPAL: <br />By: _..................................._ <br />Signature <br />Typed/Printed Name <br />Title <br />Address <br />City State Zip City <br />Phone Fax Phone <br />[Signatures continued on following page.] <br />16 <br />State Zip <br />Fax <br />