Subdivision Map Tax And Assessment Bond Form - County Of San Diego, State Of California
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1
2BOND NO. ________________________
TRACT/PARCEL MAP NO. ____________
SUBDIVISION MAP TAX AND ASSESSMENT BOND
Whereas,
_______________________________________,
as
the
owner and subdivider of Final Map No. _____________ intends to
file a final subdivision map with the County Recorder; and
Whereas, the Subdivision Map Act requires the owner or
subdivider to execute and file with the Clerk of the Board of
Supervisors (hereinafter, Clerk) security for the payment of
certain taxes and assessments as specified below before the
final subdivision map may be recorded.
NOW,
THEREFORE,
________________________________________,
as Principal, and _____________________________________________,
as Surety, are held and firmly bound unto the County of San
Diego, State of California, (hereinafter, County) in the penal
sum
of
________________________________
dollars
($____________________) for the payment of which sum well and
truly
to
be
made,
we
bind
ourselves,
our
heirs,
executors,
successors and assigns, jointly and severally, as follows:
The
condition
of
this
obligation
is
such
that
if
the
Principal shall pay, or cause to be paid, when due, all state,
county, municipal, and local taxes and the current installment
of principal and interest of all special assessments collected
as taxes, which at the time the final map is recorded are a lien
against the property, or any part thereof, but which are not yet
payable,
then
this
obligation
shall
become
null
and
void.
Otherwise, it shall remain in full force and effect. If the
Principal allows the taxes and special assessments described
above to become delinquent, Surety expressly agrees to pay the
County of San Diego the principal sum of this security, or any
portion thereof demanded, without proof of loss, upon written
demand therefor by the Clerk. If the first installment of the
taxes and special assessments remains unpaid as of the February
1 due date of the second installment, Surety expressly agrees to
pay the County of San Diego the principal sum of this security,
or any portion thereof demanded, without proof of loss, for the
first
installment,
first
installment
penalties
and
second
installment upon
written
demand
therefore by the Clerk.
The
provisions of section 2845 of the Civil Code are not a condition
precedent to the Surety's obligation hereunder and are hereby
waived by the Surety. Surety warrants that it is authorized to
act as a surety in the State of California.
CCSF 84.140
-1-
& 84.140A
6/00
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