SUBDIVIþsSIONþsS þ Bond Number: þ þ Premium: þ $ Know all men by these presents: þ That we (Name of Subdivider) as Principal, and (Name of Surety) a corporation organized under the laws of the State of , and authorized to transact the (Name of Homeowners222 Association), (hereinafter referred to as Obligee) in the penal sum of Dollars ($) for which sum, well and truly to be paid, we bind ourselves, our heirs, administrators, successors and assigns, jointly and þ completion of the improvements described in Principal222s 223Planned Construction Statement224, a copy of which is attached hereto and incorporated herein by reference, for the subdivision development known as , þ omissions which might release the Surety pursuant to law, shall not in any way release Surety from the obligation of this þ that Obligee proceed independently against Principal to enforce this obligation, but reserves to itself any right under said þ The condition of this obligation is such that if Principal shall complete or cause to be completed said improvements extension thereof given in writing by Obligee to Principal and assented to in writing by Surety, then this obligation shall be þ þ The terms, conditions and coverage of this bond have been approved by the Real Estate Commissioner of the State of þ In Witness Whereof, Principal and Surety have caused these presents to be duly signed and sealed this day of þ þ þ Signature of Principal þ Signature of SuretyBy: þ þ By: þ þ STATE OF CALIFORNIAþDDEPARTMENT OF þRREAL þEEþsSTATEBOND (COMPLETION OF COMMON þFFAþcCILITIES) American LegalNet, Inc. www.FormsWorkFlow.com