Legal Judgment Execution Form

LEGAL JUDGMENT EXECUTION FORM

This Legal Judgment Execution Form is executed on this day of by and between Judgment Creditor: (referred to herein as "Creditor") and Judgment Debtor: (referred to herein as "Debtor").

RECITALS

WHEREAS, Creditor obtained a final judgment against Debtor in the bearing case number (the "Judgment"); and

WHEREAS, the Judgment was entered on and remains unsatisfied in whole or in part; and

WHEREAS, the parties desire to set forth the terms under which Creditor may execute upon and collect the Judgment pursuant to applicable law and to establish procedures for payment, enforcement, notice and satisfaction.

NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the parties agree as follows:

1. DEFINITIONS

For purposes of this Form, the following terms shall have the meanings set forth below: "Judgment" means the final money judgment described in the Recitals; "Execution" means all lawful post-judgment remedies available to Creditor to satisfy the Judgment, including, without limitation, writs of execution, garnishment, levy, turnover orders, and attachment; "Satisfaction" means the entry of satisfaction, release or dismissal of the Judgment of record.

2. JUDGMENT DETAILS

Judgment Amount (principal, as entered): $ . Court costs and post-judgment interest shall accrue as provided below.

Interest Rate on Unpaid Balance (per annum): . Interest shall be computed from on the unpaid principal balance.

3. EXECUTION AND ENFORCEMENT

Creditor is authorized to pursue any and all lawful means to collect and satisfy the Judgment until full satisfaction has been obtained. Methods of execution may include, but are not limited to, the following (select as applicable):

Writ of Execution / Levy
Wage or Earnings Garnishment
Bank Account Attachment / Garnishment
Turnover Order or Receivership
Seizure of Personal Property

Creditor may apply to the court for any writ, order, or process necessary to effectuate the remedies selected above, and may recover reasonable costs and attorneys' fees incurred in connection with post-judgment enforcement as permitted by law or by court order.

4. PAYMENT TERMS AND APPLICATION OF PAYMENTS

Payments made by or on behalf of Debtor shall be applied first to accrued costs and fees, then to accrued interest, and thereafter to principal, unless otherwise ordered by the court. The parties may record a payment schedule below or attach an itemization of scheduled payments.

If a payment schedule is agreed, failure to make any scheduled payment shall constitute an event of default entitling Creditor to resume full enforcement of the Judgment without further notice, subject to any applicable cure periods required by law.

5. COSTS, ATTORNEYS' FEES, AND TAXES

Debtor agrees that Creditor is entitled to recover from Debtor all reasonable costs and attorneys' fees incurred in post-judgment collection efforts to the extent authorized by statute, court order or contract. Any taxes or fees levied in connection with enforcement shall be borne by Debtor unless otherwise directed by the court.

6. RELEASE AND SATISFACTION

Upon full payment and satisfaction of the Judgment, Creditor shall promptly execute and deliver to Debtor a written satisfaction or release of the Judgment suitable for filing of record. Partial payments shall not operate as a release of Creditor's rights to continue enforcement unless Creditor executes a written partial release.

7. REPRESENTATIONS AND CERTIFICATIONS

Creditor represents and certifies that the Judgment is valid, final and not subject to any pending appeal that would prohibit enforcement, except as disclosed in writing below.

8. NOTICES

All notices required under this Form shall be in writing and shall be deemed given upon personal delivery, courier delivery, or three (3) business days after deposit in the United States mail, postage prepaid, addressed to the parties at the addresses set forth above or at such other address as a party may designate by notice in accordance with this section.

9. AMENDMENTS; WAIVER

This Form may be amended only by a written instrument executed by both parties. No failure or delay by any party in exercising any right shall operate as a waiver, and no single or partial exercise of any right shall preclude any other or further exercise of that right.

10. GOVERNING LAW

This Form shall be governed by and construed in accordance with the laws of the state of without regard to conflict of law principles.

11. ENTIRE AGREEMENT

This Form constitutes the entire agreement between the parties with respect to the Judgment execution and supersedes all prior and contemporaneous agreements, understandings, negotiations and discussions, whether oral or written.

12. SEVERABILITY

If any provision of this Form is held to be invalid, illegal or unenforceable in any respect, the remaining provisions shall remain in full force and effect and shall be interpreted so as to give maximum effect to the parties' intent.

13. COUNTERPARTS

This Form may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument. Signatures delivered by electronic transmission shall be effective as original signatures.

14. MISCELLANEOUS PROVISIONS

The parties acknowledge that they have read and understand this Form, that they have had the opportunity to seek independent legal advice, and that they enter into this Form voluntarily and with full knowledge of its legal effect.

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