Qualls Bail Bonds Promissory Note Contract, Indemnity Agreement, Information Release, Power of Attorney
Michael Joshua Qualls, Missouri Bail Bond Agent License Number: 8421407
PREMIUM: For value received, the undersigned jointly and severally promise to pay to the order of Charles Thomas Telle Jr and his agent Michael Joshua Qualls 10 percent of the face value of the bond or bonds as commission for the first 12 months or the maximum time allowed by state law. Commission is nonrefundable and is to be paid in full
FULL INDEMNITY: The Defendant and Indemnitor will at all times Indemnify and save surety and agent harmless from and against every claim, demand,loss, damage, cost, charge, attorney fees, expense, suit, judgement, and/or adjudication whatsoever. The Indemnitor will, on demand, place funds with surety to meet such obligations before it shall be required to make payments to any court or parties to which surety may be liable. Any and all cost of collection, including reasonable attorney fees, shall be bourn by Defendant and/or Indemnitor. Defendant and/or Indemnitor pledges all property and assets to Indemnify surety and/or agent.
COMPROMISE: Surety and/or agent shall have the right to pay or compromise any claim, charge or expense incurred by it, for causing to be executed the bail bond mentioned herein, and evidence of such payment shall be prima facia evidence of the liability of the Defendant and Indemnitor to the surety and/or agent.
OBLIGATIONS OF DEFENDANT & INDEMNITOR: The Defendant agrees to remain within the jurisdiction of the Court, to appear before said Court promptly at such times as may be required by the Court or surety, and further agrees to keep surety and/or agent advised of their current residence address and place of employment and immediately notify surety and/or agent of any change thereof. Defendant will further contact surety and/or agent on a weekly basis, as set by surety and/or agent, to keep surety and/or agent informed of status of court case. Defendant's failure to appear in Court as herein required, or notify surety and/or agent of change of address or employment, or issuance of a warrant for breach of this agreement and the conditions of the bond, entitling surety and/or agent to surrender the Defendant to the custody of the Court without return of payment of premium or anypart thereof. Surety and/or agent shall be entitled to reimbursement from the Defendant and/or Indemnitor for all expenses incurred in locating and returning Defendant into custody, including but not limited to $50.00 Dollars per hour per agent. In the event that Charles Thomas Telle Jr and or agent receives a notice from the court that the Defendant failed to appear as directed, Defendant and/or Indemnitor will be charged an additional $100.00 Dollars
INTEREST: An Interest Rate of 12% per annum will be charged on any sum past due. Interest will be compounded every 6 months.
DELINQUENCY: If payments become 90 days past delinquent, all collateral becomes sole property of the surety and/or agent
INFORMATION RELEASE / POWER OF ATTORNEY: Defendant and/or Indemnitor being fully advised, do hereby request and authorize any consumerr eporting agency, institutional source, government agency, including but not limited to the Social Security Administration, Employment Security, Law Enforcement, employer, past and present, or any individual or company whatsoever, that has knowledge or information to release such to CharlesThomas Telle Jr and/or his authorized agent Michael Joshua Qualls, to whom I/we hereby give and appoint as true and lawful attorney-in-fact and authorize to act as such in my/our behalf as I/we were requesting this information in person. Photo or electronic reproduction of this Authority, wherever and whenever presented, shall have the same authority as the original.
SECURITY: The amount of the full face value of the bond or bonds Represents security.The Parties further mutually agree, consent and submit to the jurisdiction of the Circuit Court of Callaway County, Missouri, or any other county inMissouri, at the sole option of surety and/or agent, for the purpose of determing and enforcing all remedies at law or equity for the performance of the obligations, terms, covenants and conditions contained in this agreement. I/we the undersigned do hereby personally and/or jointly, agree to the arrangements and conditions of this contract and personally and/or jointly guarantee and bind ourselves to the same
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