DEPARTMENT OF THE INTERIOR
BUREAU OF INDIAN AFFAIRS
PERFORMANCE BOND
Date Bond Executed:
OBLIGATION
We, the PRINCIPAL and SURETY above named, are firmly bound unto the United States of America (hereinafter
called the Government) in the penal sum of the amount stated above. For the payment of the penal sum, we bind
ourselves, our heirs, executors, administrators, and successors, jointly and severally.
CONDITIONS
The Principal has entered into the Lease/Permit(s) listed and dated above; and
The principal and surety agree that the neglect or forbearance of the Government or landowner in enforcing against
the lessee or permittee the payment of rentals or the performance of any other covenant or condition of the
agreement, shall not in any way release the principal and surety, or either of them, from any liability under this bond;
and
The principal and surety agree that in the event of any default under such lease/permit, the Government or landowner
may prosecute any claim, suit, action, or other proceeding against either the principal or surety without the necessity
of joining the other.
THEREFORE
If the principal shall well and truly perform and fulfill all the undertakings, covenants, terms, and conditions of said
agreement during the original term of said agreement and any duly authorized extensions thereof, with or without
notice to the surety, and during the life of any guaranty required under the agreement, and shall also well and truly
perform and fulfill all the undertakings, covenants, terms, and conditions of any and all duly authorized modifications
to said agreement that may hereafter be made, notice of which modifications to the surety being hereby waived, then,
this obligation is void; it otherwise remains in full force and virtue.
IT IS FURTHER UNDERSTOOD AND AGREED between all parties hereto, that, if the Surety shall so elect, this bond
may be cancelled by giving at least forty-five (45) days advance notice in writing to both the Principal and the
Superintendent or other officer in charge of the Indian Agency or field office concerned, and this bond shall be
deemed cancelled as of the date specified on such notice, the said Surety remaining liable for all acts covered by this
bond which may have been committed by the Principal up to said date under the terms, conditions, and provisions of
this bond.
Form 5-5423, Performance Bond, Page 1 of 2
Permittee Initial ______