crownbonding.com

1305 West Poinsett Street Suite 300, Greer, SC, 29650,

crownbonding

1305 West Poinsett Street Suite 300, Greer, SC, 29650,

864.233.5225

Name of Indemintor

Name
MM slash DD slash YYYY

Street Address Line 2

Street Address Line 2

MM slash DD slash YYYY

Street Address Line 2

Street Address Line 2

Assets (List $ Value of each section):

Enter your free text here

Liabilities (List $ Value of each section):

Mortgages on real estate scheduled opposite:

Enter your free text here

YOU ARE ASSUMING SPECIFIC OBLIGATIONS – READ CAREFULLY!

INDEMNITY AGREEMENT

 
by its certain bond executed on power of attorney number(s)

NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the parties jointly and severally agree as follows:

1. For good and valuable consideration, the undersigned principal agrees to indemnify and hold harmless the surety company or its agent for all losses not otherwise prohibited by law or by rules of the Department of Financial Services.

2. That the Indemnitors will have Defendant forthcoming before the Court named on said Bond at the time(s) therein fixed, and at such other times as may be ordered by the Court.

3. That the Indemnitors will at all times indemnify and save the Surety harmless from and against any and all claims, demands, liabilities, costs, charges, counsel fees, expenses, suits, orders, judgements, or adjudications whatsoever which the Surety shall or may for any cause sustain or incur, by reason of Surety having executed said Bond or undertaking, and will, upon demand, place the Surety in funds to meet all such claims, demands, liabilities, costs, charges, counsel fees, expenses, suits, orders, judgments, or adjudications against it, by reason of its Suretyship, and before the Surety shall be required to pay the same.

4. That the agreement of indemnity contained in paragraph 2 above shall continue as long as the SURETY has any liability or has sustained any loss, upon the bond referred to herein, and the undersigned further agrees not to make any transfer, or any attempted transfer of any of the property, real or personal, in which the undersigned has an interest or in which the undersigned may subsequently acquire any interest, and it is further agreed that the SURETY shall have a lien upon all property of the undersigned for any sums due it or for which it has become, or may become, liable by reason of its having executed the bond referred to herein. It is further agreed that the Indemnity Agreement contained in Paragraph 2 above and the provisions of this paragraph shall be binding upon and apply to any subsidiary, affiliate, parent or related enterprised created or acquired by the undersigned.

5. The voucher, or any other evidence of any payment made by the Surety, by reason of this Suretyship, shall itself, be conclusive evidence of such payment as to the indemnitors, their estate, and those entitled to share in their estate, and their successors and assigns.

6. That the Surety may withdraw, at any time provided by law, from its Suretyship upon the Bond or undertaking herein, without liability to any party.

7. That Indemnitors’ liability to Surety is not limited to the Bond referred to herein, but shall apply to all other bonds or undertakings issued by Surety at the request of the indemnitors.

8. The Indemnitors’ obligations and indemnities as contained herein shall not terminate upon exoneration of the bond or undertaking but shall continue until such time that Surety is relieved of all duties, demands, liabilities, obligations, costs or expenses in any way related thereto.

9. That the waiver by Surety of any breach of any term or conditions herein shall not be deemed a waiver of same of any subsequent breach of the same term or condition, and that failure of any Indemnitor to comply with the terms and conditions herein shall not act as or be construed as a release or waiver as the remaining Indemnitor who shall remain liable and bound by all provisions of this Agreement.

In the event any of the provisions of this Agreement are inconsistent with the laws of this State, this Agreement, as to these provisions only, shall be null and void, and the remainder shall be enforced with the same effect as though such provisions were omitted. 11. The use of the plural herein shall include the singular. Obligations of the Indemnitors shall be joint and several and the provisions of this Agreement shall be binding upon Indemnitors’ heirs, successors, representatives and assigns.

TERMS AND CONDITIONS

ALL INFORMATION BELOW MUST BE COMPLETED IN FULL, OR DELAY WILL OCCUR
Name of defendant

Street Address

Former Address

Employer's address

MM slash DD slash YYYY
Select what applies

Address

Address

Address

Address

Address

Address

Address

Automobile Information:

The Defendant hereby affirms that the foregoing declarations made and answers given are the truth without reservation and are made for the purpose of inducing

the Surety to become surety or to procure suretyship on the bond or undertaking applied for herein, with the intent and purpose that they be relied on fully.

In addition, the Defendant hereby authorizes and directs his relatives, employers, bankers, the Federal Social Security Administration, the Internal Revenue,

the state Department of Disability Insurance, the United States Armed Forces, the state Division of Motor Vehicles, all Municipal, County, State and Federal Law

Enforcement Agencies and any other persons or organizations having information concerning the Defendant’s whereabouts to give such information

to Palmetto Surety Corporation and its assigns and/or duly authorized representatives. The Defendant understands that any information obtained will

be used for the purpose of securing his or her appearance and/or apprehension for Court appearance, and for the purpose of securing reimbursement

for any expenses incurred as a result of Defendant’s non-appearance. The Defendant hereby waives his or her rights with respect to the Privacy Act and

authorizes the use of copies of this document by Palmetto Surety Corporation and its assigns and/or duly authorized representatives. In addition, if the

Defendant escapes from the custody of Palmetto Surety Corporation and is subsequently captured in a State of the United States other than the one

in which the original charge was filed, or in a foreign country, the Defendant does hereby agree to return voluntarily to the State of original jurisdiction,

and does hereby waive extradition proceedings and further consents to the application of such force as may be necessary to effect such return.

 

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