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Houlton Conservation Area Bank Protection — Mississippi Site <br />Elk River, Minnesota <br />all outla�T and expense which Owner ma�T incur in making good an�T default, then this obligation shall <br />be void; other�vise to Yemain in full force and effect. <br />PROVIDED, FURTHER, that the said SuretyT, for value received hereby, stipulates and agrees that <br />no change, extension of time, alteration or addition to the terms of the contract or to Work to be <br />perfoYmed thereunder oY the Contract Documents accompanying the same shall in anyr way affect its <br />obligation on this BOND, and it does herebyT `vaive notice of anyT such change, extension of time, <br />alteration or addition to the terms of the contract or to the Work or to the Contract Documents. <br />PROVIDED, FURTHER, that it is expYessly agYeed that the Bond shall be deemed amended <br />automatically and immediately, without formal and separate amendments hereto, upon amendment to <br />the Contract not incYeasing the contract price moYe than 20 percent, so as to bind the ContractoY and <br />SuYety to the full and faithful peYformance of the Contract as so amended. The teYm "Amendment," <br />�vherever used in this Bond, and �vhether referring to this Bond, the Contract, or the Loan Documents <br />shall include any alteration, addirion, extension, or modification of any character whatsoever. <br />PROVIDED, FURTHER, that no final settlement between Owner and Contractor shall abridge the <br />right of anyT beneficiaryT hereunder, whose claim mayT be unsatisfied. <br />Performance Bond <br />