U:\forms\INDEM Bond for Estate Taxes.frm
Title No. __________________
INDEMNITY AGREEMENT
THIS INDEMNITY AGREEMENT, made by
____________________, Executor of the Estate of ________________________, deceased
(hereinafter collectively called Indemnitor) to STEWART TITLE GUARANTY COMPANY(hereinafter
collectively called Company) on __________________________. Indemnitor is firmly bound to Company in the
sums necessary to remove the liens of the Exception (hereinafter defined).
WHEREAS , Indemnitor has requested Company to issue its policy(s) of title insurance insuring an interest in or
title to certain real estate in the _____ of ________________, County of ___________ and State of New Jersey
described in Policy/Commitment No. __________ issued by Company and commonly known as
________________ Tax lot _____, Block _____ (hereinafter the “Property”) without exception to, or providing
certain affirmative insurance against, the following matters (hereinafter referred to as the Exception):
Any and all federal and New Jersey State estate or similar taxes due and owing by the Estate of
_____________________________, deceased or any heir or devisee thereunder; and
WHEREAS, Company is unwilling to so issue such policy(s) unless indemnified by Indemnitor as hereinafter
provided; and
WHEREAS, Indemnitor has, as an inducement to Company, offered to indemnify Company against loss or damage
which Company may become liable for by reason of the omission or deletion of the Exception or by reason of
providing the affirmative insurance set forth in said Policy or Commitment against loss, damage, cost or expense
which may result from the matters referred to in the Exception, and
WHEREAS, Indemnitor recognizes that Company in the normal course of its business, may be called upon to issue
additional Owner's or Loan policy(s) on all or part of said real estate in the future which will afford the same or
similar protection,
NOW, THEREFORE, the condition of this obligation is such that Indemnitor, its heirs,