Are you in the market for a new home? If so, you will likely need to furnish it with some new furniture. Before you go shopping, though, you should take a look at your refunding bond and release form. This document is important and can help protect you in the event of a problem. Here's what you need to know about it. When you buy a piece of property, the government often requires that the buyer post a refunding bond and release form. This document protects the government in case the buyer backs out of the purchase or fails to close on it.
Here is some data to help you identify the amount of time it can take to finish the refunding bond and release form.
|Form Name||Refunding Bond And Release Form|
|Form Length||1 pages|
|Avg. time to fill out||15 sec|
|Other names||nj release and refunding bond, refunding bond and release nj, refunding bond and release form nj, and bond form refunding release|
REFUNDING BOND AND RELEASE FORM
KNOW ALL MEN BY THESE PRESENTS, That I ___________________ (Beneficiary’s Name)
of the Township of _________________ County of __________________ State of ______________ hereinafter
known as the Obligor, am held and firmly bound unto (ADMINISTRATOR/RIX OR EXECUTOR/RIX AND ESTATE NAME)
_________________________________ Administrator for the Estate of _____________________________
(NAME OF DECEASED) hereinafter known as the Obligee, in the sum of $_________________ (AMOUNT RECEIVED)
Dollars lawful money of the United States of America, to be paid to the Obligee or to Obligee’s Attorney, Obligee’s successors in office or assigns; for which payment well and truly to be made I bind myself; my heirs,
executors and administrators firmly by these presents.
IN CONDITION OF THE ABOVE OBLIGATION is such, that whereas, the Obligor has received from the Obligee My Full or Partial Share of the Estate and acknowledges all debts of the estate have been paid and balances distributed to remaining heirs, AND IN CONSIDERATION, THEREFORE, the Obligor has
released and forever discharged, and by these presents, does release and forever discharge the Obligee from all claims and demands whatever on account of or in respect to the estate of the said deceased, and of Obligor’s
If the Obligor is legatee and any part or the whole of such legacy shall at any time hereafter appear to be wanting to discharge any debt or debts, legacy or legacies, which the said executor or administrator may not have other assets to pay, the Obligor will return said legacy or such part thereof as may be necessary for the payment of the said debts, or for the payment of a proportional part of the said legacies; or
If the Obligor is a distributee and any debt or debts, truly owing by the intestate, shall be afterwards sued for and recovered or otherwise duly made to appear, and which there shall be no other assets to pay, Obligor shall refund and pay back to the administrator his ratable part of such debt or debts, out of the part and share so allocated to him;
Then the above obligation to be void, or else to be and remain in full force and virtue.
If more than one person executes the within instruments, then words used in the singular shall be considered to include the plural, and wherever herein any particular gender is used it shall be inclusive of the masculine, feminine and neuter gender, where the text so requires.
Beneficiary’s Signature ____________________________________________
Beneficiary’s Name (Print) _______________________________________________
Sealed with my seal on this date: _________________
Signed, Sealed and Delivered in the Presence of
Notary Public’s Name
STATE OF _________________________
COUNTY OF _______________________
BE IT REMEMBERED, That on ____________________ before me the subscriber a Notary of the State of
_______________ personally appeared _________________________________ (Beneficiary’s Name) who I
am satisfied is the Obligor in the foregoing instrument named, and thereupon acknowledged that he/she signed, sealed and delivered the same as his/her act and deed, for the uses and purposes therein expressed.
Notary Public (seal)