Indemnity for Loss of
Deed Of Indemnity
made at ....... this ....... day of ..... between Mr. A residing at .....
hereinafter referred to as the 'Vendor' of the One Part and M/s AB & Co.
Ltd., a company registered under the Companies Act, 1956. and having its
registered office at ....... hereinafter referred to as the 'Purchaser' of the
Whereas by a Deed of
Conveyance bearing even date with these presents but executed prior hereto and
made between the Vendor of the One Part and the Purchaser of the Other Part the
Vendor has granted and conveyed to the Purchaser the land and premises situate
at ....... and more particularly described in the Schedule hereunder written.
And Whereas at the
execution of the said Deed of Conveyance the Vendor was required to produce and
hand over to the Purchaser all the title deeds relating to the said land and
premises and in the possession of the Vendor.
And Whereas the
Vendor however represented to the Purchaser that all the title deeds in his
possession at one time have been lost or misplaced and In spite of diligent
search they have not been found.
And Whereas the
Vendor also represented to the Purchaser that he has not deposited the said
title deeds with any person as equitable security or otherwise.
And Whereas relying
on the said representations of the Vendor the Purchaser agreed to complete the
sale by obtaining the Deed of Conveyance from the Vendor provided the Vendor
agreed to execute a separate deed of indemnity indemnifying the Purchaser
against any loss he may suffer on account of the loss of title deeds or on
account for any claim arising out of such loss or otherwise howsoever. and
which the Vendor has agreed to execute.
Now This Deed
Witnesseth that pursuant to the said agreement and the premises, the Vendor
doth hereby agree to indemnify and keep indemnified the Purchaser against all
loss, charges, costs, and expenses, he may incur or suffer on account of the
title deeds relating to the said property being not handed over to the
Purchaser or on account of any claim being made against the said property or
the Purchaser, on the basis of the said title deeds or any of them being
deposited as security or otherwise howsoever.
IN WITNESS WHEREOF
the Vendor has put his hand the day and year first hereinabove written.
Signed and delivered
with in named Vendor
Mr. A in the presence of ... ...