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TOWER/STRUCTURE REMOVAL BOND
<br /> Bond Number: CMS0291141
<br /> KNOW ALL MEN BY THESE PRESENTS,THAT,SBA Towers IX,LLC as Principal,and RLI Insurance Company,a corporation duly
<br /> organized under the laws of Illinois,as Surety,are held and firmly bound unto Dane County,210 Martin Luther King Jr.Blvd.
<br /> Room 116,Madison,WI 53703,as Obligee,in the sum of Twenty Thousand Dollars and 00/100($20,000.00)lawful money of
<br /> the United States,for the payment of which,well and truly to be made,we bind ourselves,our heirs,executors,administrators,
<br /> successors and assigns,jointly and severally,firmly by these presents,the liability of the Surety being limited to the penal sum
<br /> of this bond regardless of the number of years the bond is in effect.
<br /> WHEREAS,the Obligee,by ordinance,permit or written agreement with the Principal,requires the submission of a bond
<br /> guaranteeing the removal of telecommunications equipment located at 1471 US Highway 51 Stoughton,WI 53589(Site
<br /> ID:WI16222-B;Stoughton SW);Landowner:G&N Land Holdings,LLC,1471 US Highway 51,Stoughton WI,53589 upon
<br /> discontinuance of service.
<br /> NOW THEREFORE,the condition of this obligation is such,that if the above bounden Principal shall perform in accordance with
<br /> the aforesaid ordinance and/or agreement,and indemnify the Obligee against all loss caused by Principal's breech of any
<br /> ordinance or agreement relating to maintenance,replacement,removal or relocations of a tower or structure,then this
<br /> obligation shall be void,otherwise to remain in full force and effect unless cancelled as set forth below.
<br /> THIS BOND may be cancelled by Surety giving thirty(30)days written notice to the Obligee.Such cancellation shall
<br /> not affect any liability the Surety may have or incurred under this bond prior to the effective date of the termination.
<br /> PROVIDED HOWEVER,that this bond is executed subject to the following express provisions and conditions:
<br /> 1. No action,suit or proceeding shall be maintained against the Surety on this bond unless action is brought within
<br /> twelve(12)months of the cancellation date of this bond.
<br /> 2. Neither cancellation nor termination of this bond by Surety,nor inability of Principal to file a replacement bond or
<br /> replacement security for its obligations,shall constitute a loss to the Obligee recoverable under this bond.
<br /> 3. No right of action shall accrue on this bond for the use of any person,corporation or entity other than the Obligee
<br /> named herein or the heirs,executors,administrators or successors of the Obligee.
<br /> 4. The aggregate liability of the Surety is limited to the penal sum stated herein regardless of the number of years this
<br /> bond remains in force or the amount or number of claims brought against this bond.
<br /> 5. If any conflict or inconsistency exists between the Surety's obligations as described in this bond and as may be
<br /> described in any underlying agreement,permit,document or contract to which this bond is related,then the terms of
<br /> this bond shall prevail in all respects.
<br /> THIS BOND signed,sealed,and dated on the 18th day of October,2016.This bond is effective the 11th day of October,2016.
<br /> SBA Towers IX,LLC
<br /> Principal
<br /> By:
<br /> Name and Title
<br /> RLI Insurance Company
<br /> Surety
<br /> By:
<br /> Robert J.Hippert,Attorney-In-Fact
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