ASSIGNMENT OF CERTIFICATE OF DEPOSIT BY BONDING ENTITY
(To be executed in triplicate: To County, Bank and Bonding Entity)
DATE:
NAME OF ASSIGNOR: (Surety)
DOING BUSINESS AS:
LICENSE # WITH EL PAS0 COUNTY:
CERTIFICATE OF DEPOSIT # PAYABLE TO: El Paso County for the benefit of:
(Surety)
IN THE AMOUNT OF $ DATED: The day of, 200 .
ISSUING BANK: NAME, ADDRESS and PHONE#
, El Paso, TX 799 . Tel:
For value received, I/we hereby assign the above described Certificate of Deposit (C. D.), or time
deposit herein referred to as C.D., to El Paso County, Texas, for the express purpose of securing payment of
any and all judgments growing out of the forfeiture of bail bonds executed by me/us on the above account.
I/we hereby acknowledge that the C.D. is to be held in the possession of El Paso County, Texas until such time
as all liabilities from any and all bond activity by assignor on my/our account have been satisfied and released
by the El Paso County Bail Bond Board.
I/we understand and agree that in the event of a bond forfeiture, thirty-one (31) days after final
judgment on such forfeiture, if such judgment is not otherwise satisfied, the C.D. shall be cashed by El Paso
County, Texas without further execution or notice. The financial institution shall pay the funds to El Paso
County on demand and shall be held harmless and shall be indemnified by Surety for any damages arising out
of paying the funds to El Paso County. Any funds received by El Paso County in excess of the amount
required to be paid on such forfeitures shall continue to be the property of Assignor to be paid or credited to
assignor, subject to this lien. I/we understand that interest on the CD is payable to me/us until forfeited.
I/we warrant and represent that I/we lawfully own the said C.D. and that I/we have the legal right and
power to make this assignment. We agree that any legal action concerning the C.D. shall be had in El Paso,
Texas and all parties consent to jurisdiction and venue in El Paso County, Texas.
Assignor agrees not to encumber this certificate of deposit in any way. This assignment is valid as to
all renewals of the instrument. If the C.D. is not renewed, the face amount of the C.D. will continue to be
subject to the County’s lien and the money may not be removed from the bank without written approval of the
County. In addition, the Bank will immediately notify the County of the non-renewal. Assignor also agrees
that it waives any privacy objections and that bank shall give all information requested by El Paso County
about the Certificate in the future.
Dated this day
of ,200 .
Assignor / Surety
STATE OF TEXAS
COUNTY OF EL PAS0
Before me, the undersigned authority, on this day personally appeared
known to me to be the person(s) whose name subscribed to the-foregoing instrument, and acknowledged to me
that they executed the same for the purposes and consideration therein expressed and that heishe has the
authority to sign for the Surety.
Given under my hand and seal of office this day
of day of, 200 .
Affix Notarial Seal
Notary Public, State of Texas
My Commission Expires:
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