Form Hud-92452-Orcf Draft - Performance Bond - Dual Obligee - Department Of Housing And Urban Development

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U.S. Department of Housing
OMB Approval No. 2502-0605
Performance Bond -
(exp. mm/dd/yyyy)
and Urban Development
Dual Obligee
Office of Residential
Section 232
Care Facilities
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Public reporting burden for this collection of information is estimated to average 0.5 hours. This includes the time for collecting,
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reviewing, and reporting the data. The information is being collected to obtain the supportive documentation which must be
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submitted to HUD for approval, and is necessary to ensure that viable projects are developed and maintained. The Department will
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use this information to determine if properties meet HUD requirements with respect to development, operation and/or asset
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management, as well as ensuring the continued marketability of the properties. This agency may not collect this information, and
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you are not required to complete this form, unless it displays a currently valid OMB control number.
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Warning: Any person who knowingly presents a false, fictitious, or fraudulent statement or claim in a matter within the jurisdiction of
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the U.S. Department of Housing and Urban Development is subject to criminal penalties, civil liability, and administrative sanctions
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CONTRACTOR/PRINCIPAL (Name and Address):
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OWNER (Name and Address):
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LENDER (Name and Address):
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SURETY (Name and Principal Place of Business):
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PROJECT (Name, FHA Project Number and Location):
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CONSTRUCTION CONTRACT:
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Date:
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Amount:
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BOND:
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Date:
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Amount:
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RIDERS TO THIS BOND: ____ Yes
____ No
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This Performance Bond-Dual Obligee is issued simultaneously with a Payment Bond
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(“Payment Bond”) issued with respect to the Project. As used herein, “Obligees” shall mean
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Owner, Lender, Secretary of Housing and Urban Development (“HUD”) and the additional
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obligee(s), if any, identified in a Rider to this Bond and “Obligee” shall mean any of the
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Obligees.
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1. Contractor has entered into a Construction Contract with Owner for the construction
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of the Project (“Contract”). The Contract (as the same may be now or hereafter amended by
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change order or otherwise) is made a part hereof by reference.
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2. Lender has agreed to lend to Owner a sum of money to be secured by a mortgage
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between Owner and Lender (“Security Instrument”) on the Project that provides for advances
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Previous versions obsolete
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form HUD-92452-ORCF (mm/yyyy)

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