(625 ILCS 5/8-105)
(from Ch. 95 1/2, par. 8-105)
Action on bond.
The surety bond shall, by its terms, inure to the benefit of the person
recovering any such judgment, and shall provide that an action
may be brought in
any court of competent jurisdiction upon such bond by the owner of any such
judgment; and such bond, for the full amount thereof shall, by its terms,
be a lien for the benefit of the beneficiaries of said bond on such real
estate so scheduled, and shall be recorded in the office of the recorder
in each county in which such real estate is located.
(Source: P.A. 83-358.)