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Declaration Of Trust Of Real Estate To Secure Performance Of A Bond DC-CV 94 - Maryland
| Declaration Of Trust Of Real Estate To Secure Performance Of A Bond Form. This is a Maryland form and can be used in Civil District Court Statewide . |
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DISTRICT COURT OF MARYLAND FOR City/County Located at Plaintiff/Judgment Creditor Court Address Case No. vs. Defendant/Judgment Debtor DECLARATION OF TRUST OF REAL ESTATE TO SECURE PERFORMANCE OF A BOND STATE OF MARYLAND, The undersigned Defendant/Judgment Debtor, Surety, Name of , Address in order to secure the performance of the bond annexed hereto, being first sworn (or, if Surety is a corporation, its undersigned officer being first sworn), acknowledges and declares under oath as follows: That the undersigned is the sole owner of a fee simple absolute, or a leasehold subject to an annual ground rent of $ , in certain land and premises situated in , County Maryland and described as ; Insert lot, block, and subdivision or other legal description that the undersigned is competent to execute a conveyance of land and premises; and that the undersigned hereby holds the same in trust to the use and subject to the demand of the State of Maryland as collateral security for the performance of that bond. That said property is assessed for $ the following encumbrances should be deducted: Ground rent capitalized at %* Mortgages/Deeds of Trust totaling Federal/State Tax Liens Mechanics Liens Judgment & Other Liens Other outstanding Bail Bonds $ $ $ $ $ $ x .8 = $ from which $ Total Encumbrances and that the present net equity in the property is The bail bond secured by this Declaration of Trust is: $ $ $ * The capitalization rates for ground leases are: (1) 4 % for leases executed from April 9, 1884 to April 5, 1888, inclusive; (2) 12 % for leases created after July 1, 1982; and (3) 6% for leases created at any other time. See Code, Real Property Article, ยง 8-110. That if the undersigned is a body corporate, this Declaration of Trust is its act and deed and that its undersigned officer is fully authorized to execute this Declaration of Trust on its behalf. AND the undersigned further declares, covenants, and undertakes not to sell, transfer, convey, assign, or encumber, the land and premises or any interest therein, so long as the bond hereby secured remains undischarged and in full force and effect, without the consent of the court in which the bond is filed, it being understood that upon discharge of the bail bond, the clerk of the court will execute a release in writing endorsed on the foot of this document (or by a separate Deed of Release), which may be recorded in the same manner and with like effect of a release of mortgage if this Declaration of Trust is recorded among the Land Records. Defendant/Judgment Debtor Surety (SEAL) (SEAL) , By SWORN to, signed, sealed and acknowledged before me, this Clerk/Judge day of Month Year I.D. No. of the District Court of Maryland for County/City DC/CV 94 (12/2009) American LegalNet, Inc. www.FormsWorkFlow.com
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