Here is the text we could read:
STATE OF ALABAMA
(Printed Name of Presiding Circuit Judge)
__________________________ COUNTY
________________________________________________________
(Signature of Presiding Circuit Court Judge)
________________________________________________________
State of Alabama
Unified Judicial System
Form CR-18 Rev. 1/2020
ESCROW AGREEMENT
Court Case Number
IN THE CIRCUIT COURT OF _________________________________ COUNTY, ALABAMA
(Name of County)
Bail Company:
Bank:
STATE OF ALABAMA
It being the desire of the Bail Company to purchase (a) certificate(s) of deposit in the total amount of twenty-five thousand dollars ($25,000) which
shall be in the name of the Bank, as Escrow Agent for the Bail Company, this document and its terms are submitted for approval and acceptance by the
Presiding Circuit Court Judge, and after approval and acceptance is given by the Presiding Circuit Court Judge, then this document and its terms shall
constitute the surety bond or escrow agreement in accordance with and as required by Rule 7.1 of the Alabama Rules of Criminal Procedure and Section 15-13-
160, et seq., Ala. Code 1975. The approval and acceptance shall be evidenced by the signature of the Presiding Circuit Court Judge being executed hereto.
The provisions and terms of this Escrow Agreement shall be as follows:
Upon receipt of twenty-five thousand dollars ($25,000) from the Bail Company, there shall issue (a) certificate(s) of deposit in the name of the Bank, as
Escrow Agent for the Bail Company. The certificate(s) of deposit may be reissued from maturity date to maturity date so long as the principal sum(s) shall not
be less than a total sum of twenty-five thousand dollars ($25,000) and the reissuance shall conform to the requirements and terms of this Agreement. The Bank
shall send to the Circuit Clerk copies of the original certificate(s) of deposit as heretofore mentioned and copies of any and all reissued certificate(s) of deposit
issued hereunder. The certificate(s) of deposit shall remain in escrow and they may not be withdrawn or converted without prior consent of the Presiding Circuit
Court Judge, and this consent shall be in writing.
All interest earned from the certificate(s) of deposit shall be paid to the Bail Company as agreed to between the Bail Company and the Bank.
The Bank is hereby authorized to pay from the certificate(s) on receipt from an order of the Presiding Circuit Court Judge, to the State of Alabama or its
political subdivisions and the payment is hereby guaranteed to the full amount of the deposit for twenty-five thousand dollars ($25,000), all sums of monies
that may become due to the State of Alabama or any of its political subdivisions by virtue of a judgment absolute being rendered against the Bail Company
on a forfeiture of bail. The aggregate liability of the Bank shall not exceed the twenty-five thousand dollars ($25,000) so deposited and the Bank, Bail Company,
or both, may cancel this Agreement as to any future liability by giving thirty (30) days written notice of cancellation to the Circuit Clerk of the county, providing
there are no pending judgments against the Bail Company and provided further that the liability upon all outstanding bonds upon which the Bail Company may
be liable, or may become liable, has been extinguished or discharged according to law.
Upon the approval and acceptance by the Presiding Circuit Court Judge, this document shall become effective.
ACCEPTED AND EXECUTED THIS ______________________
(Date)
Bail Company:
By:
Its:
I hereby approve and accept the terms and conditions of the preceding Escrow Agreement
this
(Date)
.
I,
whose name as _______________________(Title) of ______________________, the above-named Bail Company, signed the foregoing
instrument, and who is known to me, acknowledged before me on this day, that being informed of the contents of the instrument, he/she as such
officer and with full authority, executed the same voluntarily for and as the act of the Bail Company, on the day the same bears date.
, a notary public in and for the state and county, do hereby certify that
__________________________________________________________.
(Printed Name of Notary Public)
Given under my hand and seal this _________________________________________________________.
_________________________. (Signature of Notary Public)
(Date) My commission expires ____________________.
(Date)
……………………..………………………..………………………..………………………..………………………..………………………..………………………
Bank:
Approved By:
Its:
STATE OF ALABAMA
COUNTY
, a notary public in and for the state and county, do hereby certify that
,
whose name as _____________________ (Title) of __________________________________, the above-named Bank,
signed the foregoing instrument, and who is known to me, acknowledged before me on this day, that being informed of the contents of the
instrument, he/she as such officer and with full authority, executed the same voluntarily for and as the act of the Bank, on the day the same bears
date.
__________________________________________________________.
(Printed Name of Notary Public)
iven under my hand and seal this ______________________________________________________.
__________________________. (Signature of Notary Public)
(Date)
My commission expires __________________.
(Date)
I
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