Mariposa — Property Bond Handout - CR-001

Source: https://www.mariposa.courts.ca.gov/files/CR-001-%20Property%20Bond%20Handout.pdf

Sparse pages use OCR; original PDF remains authoritative.

Superior Court of the State of California County of Mariposa PROPERTY BOND HANDOUT The defendant or defendant’s representative must provide the following documents to the Court, the case number and name must be on all documents.

1. Application/Motion for Real Property Equity Bond and A ffidavit for Justification of Bail (Declaration of Property Owner) ¢ Must include legal description of property. e Current assessed value of property. e Listing of all encumbrances. e Declaration of property owner must be notarized, sealed, signed and dated.
2. Promissory Note e Amount of equity must be a least twice the amount of bail, less all encumbrances. e Promissory Note must be made out to the County of Mariposa. The note must be notarized, sealed, signed and dated.
3. Deed of Trust e The name of the Trustee is Court Executive Officer of the Mariposa Superior Court, Mariposa County. The name of the Beneficiary is Mariposa County Address of Court must be on face of Deed with case number. Deed has been recorded in the county where the property is located with stamp affixed on face of deed.
4. Appraisal ¢ Must be original document, report should be dated no more than 30 days prior to application for property bond. e Must show fair market value dated within six months prior to the hearing. e Appraiser must be certified by the State of California, Office of Real Estate Appraisers.
5. Preliminary Title Report ¢ Must be from a California title company. e Must include legal description of property, location and all encumbrances. e Must be dated within 30 days prior to the hearing. e All property taxes must be paid.
6. Proof of Insurance of Property Must insure the full amount of bail, including all encumbrances. Must show Mariposa Superior Court on the insurance as on the deed of trust. Title insurance must be current. If the estimated site value on the appraisal is not more than /% the amount listed as the appraised value, then fire insurance is also required.
7. Mortgage Records ¢ Correspondence from lenders is acceptable. ¢ Must show current balance of any outstanding loans. Order Approving Property Bond.
8. Order for Release of Defendant. ~ Local Form for Optional Use Mariposa Superior Court CR-001 [New January 2014]