Indeminitor Application Terms & Conditions
Contractual Agreement For indemnitor/Co-signer/Guarantor
The undersigned will at all times indemnify and keep indemnified the surety and save harmless the surety from and against any and all claims, demands liabilities, costs, collection costs, charges, legal fees, disbursements and expenses of every kind and nature, which the surety shall at any time sustain or incur and as well from all orders, decrees, judgements and adjudication against the surety by reason or in consequence of having executed such bond or undertaking in behalf of and/or at the instance of the indemnitor(s) (or any of them) and will payover, reimburse and make good the surety, its successors and assigns all sums and amounts of money required to meet every claim, demand, collection costs, li- ability cost expense, suit, order, degree payment and/or any other bonds or undertaking executed in half of and/or at the instance of the indemnitor and before the surety shall be required to pay thereunder.
THIS IS AN APPLICATION FOR CREDIT. ANY FALSE OR FRAUDULENT INFORMATION USED TO OBTAIN SUCH CREDIT WILL RESULT IN FORFEITURE OF THE BOND AND CRIMINAL AND/ OR CIVIL PROSECUTION.
The liability for legal fees and disbursements includes all legal fees and disbursements that the surety may pay or incur in any legal proceedings, including in earlier proceedings. If a payment is late or the bond has been forfeited, the undersigned will be responsible for the entire balance due in addition to the face amount of the bond.
I UNDERSTAND BY SIGNING THE INDEMINTOR FORM, I WILL BE RESPONSIBLE FOR AN AMOUNT THAT IS NOT SPECIFIED HERE, AS DETERMINED ON A CASE-BY CASE BASIS BY AL REED BAIL BONDS, PLUS COURT COST AND REARREST COST IF THE DEFENDANT IS NOT PRESENT FOR EACH COURT SETTING WHEN HIS/HER NAME IS CALLED IN DESIGNATED COURT AT TIME SPECIFIED BY COURT. I UNDERSTAND I AM ALSO RESPONSIBLE FOR THE BOND FEES IF THEY ARE NOT PAID BY DEFENDANT.
