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Waterside E P2-CS 920818 (2)Maintenance Bond Bond No. 464 41 77 KNOW ALLMEN BY THESE pRESENTS, That we P.O. Box 270040, Dallas, TX 75227-0040 Tiseo Pavin9 Company as Princifml, and Hartford Fire Insurance Company, a Surety Corporation or~--;~ed under the laws of the Stat~ of Co~ticut and duly authorized to do business in the State of I~xas , as Surety, are held and firmly bound unto Standard Pacific of Texas, L.P., 5525 MacArthur Blvd.~ Ste. 580, Irvinq, TX 75238 ss O~li~ee in the ,,,~l sum of Twenty-two Thousand Four Hundred Forts-three and ~ ~'/'I'00 .... £------- ............................................... ($ 22,443.15 .... ) to which payment well and truly to be made we do bind ourselves, our and each of our heirs, ~xecutors, administrators, successors and assigns jointly and severally, firmly by these presents. Sealed with our seals and dated the 18th day of August in the year one thousand nine hundred and Ninety-two (19 92 ). ~VHERF~ the said Principal entered into a contract with the Standard Pacific o f I e xa s ~ i_.v. dated Paving Improvements for Waterside Estates No. 2 Phase I, City of Coppell, Dallas County, Texas WHEREAS, s~i4 contract provides that the Principal will furnish a bond conditioned to guarantee for the period of one ~ l } year(s) after approval of the final estimate on said job, by the owner, against all defects in workmanship and materials which may become apparent during said period, and WHEREAS, the said contract has been completed, and was approved on NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH that, if the Prin- cipal shall indemnify the Obligce [or all loss that the Obligce may sustain by reason of any defecti~ve~.mat, erials or workmanship which become apparent during the period of one (1} year from and a[ter dat~ or rlna! acceptance then this obligation shall be void, otherwise to remain in full force and effect. IN WITNESS WHEREOF the said Principal and Surety have caused these presents to be signed and their seals to be hereunto affixed the day and year first above written. Witness: TISEO PAVING COMPANY A~thur Tiseo, President HART,F~R.D FI,RE INSURANCE ~OMPAN¥ Denise A. Madden, hn HAR 'ORD FIRE INSURANCE CO ANY POWER OF AI'FORNEY Know all men by Uleee pmeeflt~, That the HARTFORD FIRE INSURANCE COMPANY, a coqc~:~'attofl duly organized under the laws of Itm State of Connecticut~ and having its principal office in the City of Hartford. County of Har~ord. Stete of Co~cec~cut. doas heredy mare, constitute and appoint RICHArd) D. FERGUSON, D. A, VALEI~fI, STEPHEN E. SCHURR, DENISK A. MADDEN, ROBERT TEOBEC, CMRISTINE D. CORBITT and NANCY F~TNN of TROY, MICHIGAN ~s true and lawful Attomey($)-in-Pas~ wi~ fulJ power and authority to eacfl of said Attomey(s)dn-Fact in their separate wfitfugs o~ligato~ in the nature thereof on behalf of the Company in its busirmss of guaranteeing the fidelity of persons holding p!__~ce~__ Of pu~c or p~vme trust; guaranteeing the perfom~ance of contracts other than insurance palicles; guaranteeing the perton~anns Of insurance contracts where surety bo~d$ are accepted by states anti municipalities, and executing or guaranteeing ~ and undertakings required or permitted in all actions or proceedings or by law allowed, and to bind the HARTFORD FIRE INSURANCE COMPANY thereby as fully and to the san~ extent as if such bonds undertakings and other writings obligatory in the nature thereof were signed by an Executive Officer of the HARTFORD FIRE INSURANCE COMPANY and sealed and attested by one o~er of such Officers, and hereby ratifies and confirms all that its said Attorrmy($)-imFact may do in pursuance hereof. This power of attorney is granted by and under authority of the following provisions: (1) By-La~s adof~id by the Stockholders of the HARTFORD FIRE INSURANCE COMPANY at a meeifr,~ duly celled and haiti on the 9th day Of Merch. lg71. ARTICLE IV (2) Exc~ f~om the Minutes of a meeting of the Board of Directers of the HARTFORD FiRE INSURANCE COMPANY duly called and held on the 12th day of October, 1990. This power of attorney is signed and sealed by facsimile under and by the authority of the folk~wing Resolution adopted by the Oirectom of the HARTFORD FIRE INSURANCE COMPANY at a meeting duly celled and held on the 12th day of OctcYcer, 1990. tn Wttnee~ Wller~of, the HARTFORD FIRE INSURANCE COMPANY has caused these presents to be signed by its Assistant V'me-praskJent, and its corporate seal to be hereto affixed, duly attested by its Sec~eta.,y, this 1st day of May. 1991. HARTFORD FIRE INSURANCE COMPANY STATE OF CONNECTICUT~ COUNTY OF HARTFORD O~ this 1at day Of May, A.D. 1991, before me persorteily canle Ro~e~t N. H. Sener. to me known, who balng bY me dulY sworn, did depose and say: that he resides in the County Of Hmlford, State of Connecticut; that he is the Assistant V'~e-President of the HARTFORD FiRE INSURANCE COMPANY, the co~poraifon described in and which executed the STALE OP CONNECTICUT ~ . CERTIFICAI~ DO HEREBY CERTIFY that the foregoing and attached POWER OF AI'FORNEY remains in full fome and has not been revoked; and furthem~om, that the Resalutions of the Boerd of Directoes, ce'~ forth in the Power of AttorneY, are n°w in fuens- S~e~an~eaedat~Cr~ofHan~ord. Oa~ 18t,h dayof August. 19 9Z Copy o~ Jtimtes [ ] C~p7 of L~cer or,er I ]