8. As a security for the performance according to this contract, the Surety has deposited…………………………………………………………………………… the Creditor. The Surety guarantees that the deposited assets solely and legally belong to the Surety without any encumbrances; and the Surety shall not dispose of nor create a charge on such deposited assets as a security while the Surety is still liable to the Creditor according to this contract.
I hereby certify that the above statement is true and correct in its entirety. I have read and understood the entire substance in this Suretyship Contract and hereby sign my name as evidence in the presence of witnesses.