Promissory Note To Secure Bond printable pdf download

Promissory Note to Secure Bond

Date: ___________, 20_____.

Indemnitor/Obligor

Name:

_______________________________________________________

Address: _______________________________________________________

Phone:

_______________________________________________________

Email:

_______________________________________________________

Payee and Place of Payment: Western Pawnbrokers, Inc.; 2817 Montana Avenue; Billings, MT 59101

Defendant

This Note is given by Indemnitor/Obligor to secure performance of the Bond

issued by Payee for the benefit of _____________________________________.

(Full Name of Defendant)

Amount of Note and Bond $____________________________________________

Term

On Demand.

Interest Rate

10% per annum from the Date of Demand until the Note is satisfied in full,

including any costs incurred by Payee in recovering the Defendant.

PROMISE TO PAY. On demand, Indemnitor/Obligor promises to pay to Payee the amount of this Note, in cash or by cashier’s

check, together with interest and any costs incurred by Payee in recovering the Defendant or realizing upon any collateral given to

secure this Note.

FORM OF PAYMENT. Any instrument offered in payment of all or any portion hereof may be accepted by the Payee or holder and

handled in collection in the customary manner but shall not constitute payment or diminish any rights of the Payee or holder

except to the extent that actual cash proceeds are unconditionally received by the Payee or holder and applied to this

indebtedness.

BINDING EFFECT. The covenants, obligations and conditions herein contained shall be binding on and inure to the benefit of the

heirs, legal representatives, and assigns of the parties.

WAIVER: The Indemnitor/Obligor of this Note waives demand, notice of non-payment and protest; and in case suit shall be

brought for the collection hereof, or the same has to be collected upon demand of an attorney, to pay reasonable attorney’s fees.

RELEASE:

It is further agreed and specifically understood that this note shall become null and void in the event the named

defendant shall appear in the proper court at the time or times so directed by the Judge or Judges of competent jurisdiction until

the obligations under the appearance bond or bonds posted on behalf of the defendant have been fulfilled and the Surety

discharged of all liability thereunder, otherwise to remain in full force and effect.

RETURN: Upon full and final disposition of the bail bond secured by this Promissory Note, evidenced by a copy of the court

order releasing the bond, and upon payment to the Payee or holder of any costs incurred in recovering the Defendant, the Note

will be marked as satisfied by the bail bonding agent and returned to the indemnitor.

GOVERNING LAW. This Note shall be governed, construed and interpreted under the laws of the State of Montana.

EXECUTED this _________day ________________________, 201__.

[Indemnitor/Obligor’s Signature:]

__________________________________________________________

[Indemnitor/Obligor’s Printed or Typed Name]: _________________________________________________

EXECUTED this _________day ________________________, 201__.

[Indemnitor/Obligor’s Signature:]

__________________________________________________________

[Indemnitor/Obligor’s Printed or Typed Name]: _________________________________________________

EXECUTED this _________day ________________________, 201__.

[Signature of Licensed Bonding Agent/Payee:]

______________________________________________

[Licensed Bonding Agent/Payee’s Printed or Typed Name]: ________________________________________

Authorized Agent for Western Pawnbrokers, Inc.

Promissory Note to Secure Bail Bond

Western Pawnbrokers, Inc.

Page 1 of 1

Revised 2012

Promissory Note To Secure Bond

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