Fillable Form Re 643k - Surety Bond (Regulation 2792.10) printable pdf download

tate of

alifornia

ureau of

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State

urety

ond

ubdiviSionS

2792.10)

Bond numBer

Premium

egulation

RE 643K (Rev. 8/16)

KNOW ALL MEN BY THESE PRESENTS:

That we, ______________________________________________________________________________ (Name of

Subdivider) as Principal, and __________________________________________________________________________

___________________________________________________________________________________ (Name of Surety),

a corporation organized and doing business under and by virtue of the laws of the State of __________________________

and duly licensed to conduct a general Surety business in the State of California as Surety, are firmly held and bound unto

_______________________________________________________________________________ (Name of Association),

a community association described in Civil Code Section 4800, as Obligee, in the penal sum of ______________________

________________________________________________ Dollars ($________________), for the payment of which we

bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally firmly by these presents.

WHEREAS, this bond is executed, issued, furnished and otherwise given on behalf of the Principal, an applicant for

a public report applied for or to be issued by the California Bureau of Real Estate, in compliance with Section 2792.10 of

Chapter 6, Title 10, California Code of Regulations, to secure the prompt and faithful performance of Principal’s obligation to

Obligee under the Security Agreement provisions of the Security Agreement and Instructions to Escrow Depository (herein

“the Contract”) executed by the Principal for the benefit of the Association.

NOW THEREFORE, the condition of the obligation is such, that, if the said Principal shall promptly and faithfully

perform said Contract, then this obligation shall be null and void; otherwise it shall remain in full force and effect.

Surety, for value received, does hereby waive the right granted to Surety under California Civil Code Section 2845 to

require that Obligee proceed independently against Principal to enforce this obligation, but reserves to itself any right under

said Section 2845 to require that Obligee proceed jointly against Principal and Surety in any such action.

IN WITNESS WHEREOF, the seal and signature of said Principal is hereto affixed and the corporate seal and the name

of the said Surety is hereto affixed and attested by its duly authorized Attorney-In-Fact at ____________________________,

California this ___________________ day of __________________________, ______.

__________________________________________________

Name of Principal

__________________________________________________

Signature of Principal

__________________________________________________

Name of Surety

__________________________________________________

Signature of Surety

Form Re 643k - Surety Bond (Regulation 2792.10)