The undersigned applicant and indemnitor hereby request the Company to become surety for the above bond. The undersigned hereby certify the truth of all statements in the appli-cation, authorize the Company to verify this information and to obtain additional informati on from any source, and jointly and severally agree:
(1) To pay the usual premiums, including renewal premiums, to the Company or its agents, when due,
(2) To completely INDEMNIFY the Company from and against any liability, loss, cost, at-torney’s fees and expenses whatsoever which the Company shall at any time sustain as surety or by reason of having been surety on this bond or any other bond issued for applicant, or for the enforcement of this agreement, or in obtaining a release or evidence of termination under such bonds; regardless of whether such liability, loss, costs, damages, attorneys’ fees and expenses are caused, or alleged to be caused, by the negligence of the Company,
(3) Upon demand by the Company for any reason whatsoever, to deposit current funds with the Company in an amount sufficient to satisfy any claim against the Company by reason of such suretyship,
(4) That the Company shall have the right to handle or settle any claim or suit in good faith.
(5) In the event of any payment by the Company, to pay the Company interest on such amounts at the highest legal rate from the date such payments are made.