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to perform its obligations under this Bond, whichever occurs first. If the provisions of this Paragraph are void or prohibited by law, the minimum period of limitation available to sureties as a defense in the jurisdiction of the suit shall be applicable' $ 12 Notice to the Surety, the Owner or the Contractor shall be mailed or delivered to the address shown on the page on which their signature aPpears. $ 13 when this Bond has been fumished to comply with a statutory or other legal requirement in the location where the construction was to be performed, any provision'in ttris Bond conflicting with said statutory or legal requirement shall be deemed deleted herefrom and provisions conforming to such statutory or oih"r legal requirement shall be deemed incorporated herein, When so furnished, the intent is that this So;a shatt be construed as a statutory bond and not as a common law bond' $ 14 Definitions i t+.i eatan.a of the Contract pricq. The total amount payable by the owner to the contractor under the construction contract after all proper adjustments have been made, includin! ullo*unt" to the Contractor of any amounts received or to be received by the Ownlr in settlement of insurance or other claims for damages to which the Contractor is entitled, reduced by all valid und p.oprr payments made to or on behalf of the Contractor under the Construction Contract. $ 14.2 Construction Contract. The agreement between the Owner and Contractor identified on the cover page, including all Contract Documents and changes made to the agreement and the Contract Documents' $ i4,3 Contractor Default. Failure of the Contractor, which has not been remedied or waived, to perform or otherwise to comply with a material term of the Construction Contract' $ 14.4 Owner Default. Failure of the owner, which has not been remedied or waived, to pay the Contractor as required under the Construction Contract or to perform and complete or comply with the other material terms of the Construction Contract' $ 14.5 Contract Documents. All the documents that comprise the agreement between the Owner and Contractor' $ 15 If this Bond is issued for an agreement between a contractor and subcontractor, the term contractor in this Bond shall be deemed to be Subcontractor and the term Owner shall be deemed to be Contractor. $ 16 Modifications to this bond are as follows: (Space is provided below for additional signatures of addea yyt:r:,. other than those appearing on the cover page') CONTRACTOR AS PRINCIPAL SURETY Company: (Corporate Seal) Company; (Corporate Seal) Signature: Name and Title: Address: Signature: Name and Title: Address; The company executing this bond vouches that this document conforms to A312,2010 edition American Institute of Architects Document 3