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understood that the purpose of this section is to cover all defective conditions arising by reason <br />of defective materials, work or labor performed by Principal) then this obligation shall be void; <br />otherwise it shall remain in full force and effect and OWNER shall have and recover from <br />Principal and its Surety damages in the premises as provided in the Plans and Specifications <br />and Contract. <br />PROVIDED, however, that Principal hereby holds harmless and indemnifies OWNER from <br />and against any claim or liability for personal injury or property damage caused by and <br />occurring during the performance of said maintenance and repair operation. <br />PROVIDED, further, that if any legal action be filed on this Bond, exclusive venue shall lie in <br />-Lamar County, Texas. <br />AND PROVIDED FURTHER, Surety, for value received, hereby stipulates and agrees that no <br />change, extension of time, alteration or addition to the terms of the Contract or to the Work <br />performed thereunder, or the Plans, Specifications, Drawings, etc. accompanying same shall in <br />any way affect its obligation on this Bond; and it does hereby waive notice of any such change, <br />extension of time, alteration or addition to the terms of the Contract or to the Work to be <br />performed thereunder. <br />The undersigned and designated agent is hereby designated by Surety as the resident agent in <br />either Collin or Dallas Counties to whom all requisite notice may be delivered and on whom <br />service of process may be had in matters arising out of this suretyship. <br />IN WITNESS WHEREOF, this instrument is executed in six copies, each one of which shall be <br />deemed an original, on this the day of _ _ , 20 <br />ATTEST: PRINCIPAL: <br />Company Name <br />By: <br />Signature <br />Typed/Printed Name <br />Title <br />Address <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 />22 <br />State Zip <br />Fax <br />