FINANCIAL SECURITY AGREEMENT PERFORMANCE BONDPerformance Bond • September 13th, 2018
Contract Type FiledSeptember 13th, 2018hereinafter called Developer, and FIDELITY AND DEPOSIT COMPANY OF MARYLAND, as Surety, hereinafter called Surety, are held and firmly bound unto POTTSTOWN BOROUGH AUTHORITY, Montgomery County, Pennsylvania, as Obligee, hereinafter called Authority or Obligee, in the amount of Five Hundred Twenty-Five Thousand and Seven Dollars ($525,007.00), for the payment whereof Developer and Surety bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.