Property Bond Form - State Of Georgia

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PROPERTY BOND
S T A T E
O F G E O R G I A
KNOW ALL MEN BY THESE PRESENTS:
That we,
, as Principal, and the under-
signed owner of real property within the State, having an equity therein in at least
the amount of this bond, namely,
, as
Surety, are held and firmly bound unto the Governor of the State of Georgia, and
his successors in office, in the sum of
Dollars, to be paid to
the said Governor and his successors in office, for the payment of which, well and
truly to be made and done, we bind ourselves, our heirs, executors and
administrators, and each and every one of them, jointly and severally, firmly by
these presents.
Sealed with our seals and dated this ______ day of _________, 20_____,
WHEREAS, the above bound Principal, _______________________________________,
was on the _____ day of ______________, 20____, involved in a motor vehicle accident
with __________________________________, in the county of ______________, and the
Commissioner of the Department of Driver Services (DDS) or his/her designee has
determined in his judgment that the above specified amount of money shall be
sufficient to satisfy any judgment or judgments for damage resulting from such
motor vehicle accident as may be recovered against the Principal herein.
Now, the condition of the above obligation is such that if the Principal herein
shall pay to the said _______________________________________, upon the final
determination of any suit or action at law, the amount of any judgment rendered
against the said Principal and in favor of said _______________________, arising out of
said motor vehicle accident, or be discharged from liability in any manner provided
by law, then the above obligation to be void; otherwise, of full force and effect.
IN WITNESS WHEREOF, the undersigned Principal and Surety have set
their hand and seals this _______ day of _____________, 20____.
L.S.
(Principal)
Attested and approved by me this
________ day of _____________, 20___
L.S.
(Surety)
Clerk, Superior Court
County.
(SEE INSTRUCTIONS ON BOTTOM OF PAGE 2)
DDS-57 (rev 02/16) - FRONT

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