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`Case: 1:19-cr-00864 Document#: 69 Filed: 12/16/19 Page 1 of 5 PagelD #:499
`Case: 1:19-cr-00864 Document #: 69 Filed: 12/16/19 Page 1 of 5 PageID #:499
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`UNITED STATES DISTRICT COURT
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`NORTHERN DISTRICT OF ILLINOIS
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`EASTERN DIVISION
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`UNITED STATES OF AMERICA,
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`E iL E D
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`DEC 16 2019
`
`THOMAS G. BRUTON
`CLERK, U.S. DISTRICT COURT
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`SHRADHA AGARWAL
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`No. 19 CR 864-2
`Magistrate Judge Jeffrey Cummings
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`FORFEITURE AGREEMENT
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`Pursuant to the Order Setting Conditions of Release entered in the above-named case on
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`Deper | lo , 2019 for and in consideration of bond being set by the Court for defendant
`qe
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`SHRADHA AGARWAL(the “defendant”) in the amount of $10,000,000 being partially secured
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`by real property, JAYANT PREMKUMAR AND SHRADHA AGARWAL, GRANTOR(S)
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`hereby understand, warrant and agree:
`1.
`JAYANT PREMKUMAR AND SHRADHA AGARWAL warrantthat they
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`are the sole record owners andtitleholders of the real property located at 161 East Chicago
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`Avenue, Units 56F & 56G, Chicago, Illinois described legally as follows:
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`PAR®EL 1: UNIT 56F AND 56G TOGETHER WITH ITS UNDIVIDED
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`PERCENTAGE INTEREST IN THE COMMON ELEMENTS IN 161
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`CHICAGO AVENUE CONDOMINIUM AS DELINEATED AND DEFINED IN
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`THE DECLARATION RECORDED AS DOCUMENT NO. 85080173, AS
`AMENDED, IN THE WEST 1/2 OF THE NORTHWEST1/4 OF SECTION 10,
`TOWNSHIP 39 NORTH, RANGE 14, EAST OF THE THIRD PRINCIPAL
`MERIDIAN,IN COOK COUNTY,ILLINOIS.
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`
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`
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`Case: 1:19-cr-00864 Document #: 69 Filed: 12/16/19 Page 2 of 5 PagelD #:500
`Case: 1:19-cr-00864 Document #: 69 Filed: 12/16/19 Page 2 of 5 PageID #:500
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`PARCEL 2: EASEMENTS FOR INGRESS AND EGRESS, SUPPORT AND
`UTILITIES
`INCLUDING, EASEMENTS FOR OPERATION, REPAIR,
`MAINTENANCE, AND REPLACEMENT OF ELEVATOR PITS, SHAFTS,
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`EQUIPMENT, ETC., ALL AS DEFINED AND DECLARED_IN
`DECLARATION OF COVENANTS, EASEMENTS, CHARGES AND LIENS
`FOR OLYMPIA CENTRE DATED JUNE 27, 1985 AND RECORDED JUNE
`27, 1985 AS DOCUMENT 85080144 OVER AND ACROSS VARIOUS LOTS
`AND PORTIONS OF LOTS IN OLYMPIA CENTRE SUBDIVISION IN
`SECTION 10, TOWNSHIP 39 NORTH, RANGE 14, EAST OF THE THIRD
`PRINCIPAL MERIDIAN,IN COOK COUNTY,ILLINOIS
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`Permanent Index Number(s): 17-10-200-068-1302
`17-10-200-068-1257
`(the “subject property”)
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`2s
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`JAYANT PREMKUMAR AND SHRADHA AGARWALwarrant that there
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`are no outstanding mortgages against the subject property and that their equitable interest in the
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`real property equals at least $1,425,000.
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`3.
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`JAYANT PREMKUMAR AND SHRADHA AGARWALhave received a
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`copy of the Court’s Order Setting Conditions of Release and understandits terms and conditions.
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`4.
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`JAYANT PREMKUMAR AND SHRADHA AGARWAL understand and
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`agree that the defendant will be subject to the terms and conditions of the Order Setting
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`Conditions of Release until any of the following events: (a) defendant surrenders to serve her
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`sentence; (b) defendant is taken into custody byorderof the court in the above-captioned matter;
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`(c) the above-captioned matter is dismissed against defendantin its entirety; or (d) judgmentis
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`entered in defendant’s favor.
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`5.
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`JAYANT PREMKUMAR AND SHRADHA AGARWAL agreethat
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`public docket entries and filings in the above-captioned matter constitute adequate notice to the
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`sureties ofall judicial proceedings in the case.
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`JAYANT PREMKUMAR AND SHRADHA
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`AGARWALunderstand that modifications to the Court’s Order Setting Conditions of Release
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`
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`Case: 1:19-cr-00864 Document #: 69 Filed: 12/16/19 Page 3 of 5 PagelD #:501
`Case: 1:19-cr-00864 Document #: 69 Filed: 12/16/19 Page 3 of 5 PageID #:501
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`may occur, and may materially changethe conditions of release.
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`In exchange for the entry of the
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`Order Setting Conditions of Release,
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`JAYANT PREMKUMAR AND SHRADHA
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`AGARWALwaiveanyright to receive notice of judicial proceedings from the United States or
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`the Court.
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`6.
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`JAYANT PREMKUMAR AND SHRADHA AGARWALunderstand and
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`agree that this forfeiture agreement applies to any modified Order Setting Conditions of Release
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`entered by the Court in the above-captioned matter.
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`qi
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`JAYANT PREMKUMAR AND SHRADHA AGARWALagree that
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`their
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`equitable interest in the above-described real property shall be forfeited to the United States of
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`America should the defendant fail to appear as required by the Court or otherwise violate any
`condition ofthe Court’s Order Setting Conditions ofRelease, during the pendency ofthe order.
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`8.
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`JAYANT PREMKUMAR AND SHRADHA AGARWALagree to execute a
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`quit claim deed in favor of the United States of America, which deed shall be held in the custody
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`of the Clerk of the United States District Court, Northern District of Illinois, until further order of
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`the Court.
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`9.
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`JAYANT PREMKUMAR AND SHRADHA AGARWALunderstand that the
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`United States of America will seek an order from the Court authorizing the United States of
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`America to file and record the above-described deed, and will take whatever other action that
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`may be necessary to perfect
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`its interest
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`in the above-described real property, should the
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`defendantfail to appear as required by the Court or otherwise violate any condition of the Court’s
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`Order Setting Conditions of Release, during the pendencyofthe order.
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`10.
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`JAYANT PREMKUMAR AND SHRADHA AGARWAL understand and
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`agree that, should the defendantfail to appear as required by the Court or otherwise violate any
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`
`
`
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`Case: 1:19-cr-00864 Document #: 69 Filed: 12/16/19 Page 4 of 5 PagelD #:502
`Case: 1:19-cr-00864 Document #: 69 Filed: 12/16/19 Page 4 of 5 PageID #:502
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`condition of the Court’s Order Setting Conditions of Release, JAYANT PREMKUMAR AND
`SHRADHA AGARWALwill be liable to pay the difference between the bond amount of
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`$10,000,000 and their equitable interest in the subject property, and JAYANT PREMKUMAR
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`AND SHRADHA AGARWALherebyagree to the entry of a default judgment against them for
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`the amount of any such difference.
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`11.
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`JAYANT PREMKUMAR AND SHRADHA AGARWAL agree that they will
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`maintain the subject property in goodrepair, pay all taxes and obligations thereon when due, and
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`will take no action which could encumber the real property or diminish their
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`interest therein,
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`including anyeffort to sell or otherwise convey the property without leave of Court.
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`12.
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`JAYANT PREMKUMAR AND SHRADHA AGARWALunderstand that if
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`they have knowingly made or submitted or caused to be made or submitted anyfalse, fraudulent
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`or misleading statement or document
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`in connection with this Forfeiture Agreement, or in
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`connection with the bond set for defendant, they are subject to a felony prosecution for making
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`false statements and makingafalse declaration underpenalty ofperjury.
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`13.
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`JAYANT PREMKUMAR AND SHRADHA AGARWALagreethat the United
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`States shall file and record a copyofthis Forfeiture Agreement with the Cook County Recorder
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`of Deeds as notice of encumbrance in the amountof the bond.
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`14.
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`JAYANT PREMKUMAR AND SHRADHA AGARWAL hereby declare
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`under penalty of perjury that they have read the foregoing Forfeiture Agreementin its entirety,
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`and the information contained herein is true and correct.
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`
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`Case: 1:19-cr-00864 Document #: 69 Filed: 12/16/19 Page 5 of 5 PageID #:503
`Case: 1:19-cr-00864 Document#: 69 Filed: 12/16/19 Page 5 of 5 PagelD #:503
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`[a
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`JAYANT PREMKUMAR AND SHRADHA AGARWAL understand and
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`agree that failure to comply with any term or condition of this Forfeiture Agreement will
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`constitute grounds for the United States of America to request that the bond posted for the
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`release of the defendant be revoked.
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`Date:
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`/2// 2/19
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`Surety/Grantor
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`Date:
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`_12-\\2-\ \4
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`—
`—S
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`SHRADHA AGARWAL
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`Surety/Grantor
`
`
`I, the undersigned, a Notary Public in and for said County, in the
`State of Illinois, County of Cook ss.
`State aforesaid, DO HEREBY CERTIFY that Jayant Premkumar and Shradha Agarwal personally
`known to me to be the same persons whose names subscribed to the foregoing instrument, appeared
`before methis day in person, and acknowledgedthat they signed, sealed and delivered the said instrument
`as their free and voluntary act, for the uses and purposestherein set forth, including the release and wavier
`of the right of homestead.
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`Given under
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`and
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`
`
`ial seal,_this 2 day of Deceiver 204
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`< PAUL CANO
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`Commission expires
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`NOPARY PUBLI
`22.
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`LO\
`
`Ca
`
`UO
`
`:
`
`ia
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`,
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`Notary ID #128238584
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`My Commission Expires
`y PubNey 3, 2022
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`(date)
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`(name)
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`Prepared by and Returnto:
`Bissell, US Attorney’s Office
`219 S. Dearborn Street, 5th Floor
`Chicago, Illinois 60604
`
`
