Bond in Deed form
Bond is executed on this
VK s/o TC r/o
.., hereinafter called the debtor on the first part.
PN s/o Mr. SM r/o
., hereinafter called the surety on the second part,
AK s/o Mr. GR r/o
., hereinafter called the creditor on the third part.
a sum of Rs
..in still due to the creditor above named form the debtor on
account of decree in suit no
by the Court of
.on account of arrears of
whereas the creditor has again settled the lease of the house in which
debtor resides as tenant on account of the reason that the debtor has agreed to
make the payment of the decreed amount.
whereas the creditor has agreed to accept the payments of decreed
in installment without any interest, provided some body stands as surety for
the said amount.
Where as the surety has agreed to guarantee payment of the said
amount in accordance with the terms of this bond.
Bond Witnesses as Under:
the debtor and the surety jointly an severally agree to pay the decreed amount
in six equal half yearly installments commencing from the day of
in case of failure on the part of the debtors to pay any instalment within 30
days from the day it becomes due, the whole of he unpaid amount shall stand
payable at once with interest at the rate of 18% per annum and the debtor and
the surety jointly and severally agree to pay the said amount with interest.
have noted parties have signed this bond on the date and place mentioned above,
after fully understanding the contents of the bond in the presence of the