MONEY BOND FOR MONEY DUE WITH RECITALS
This Bond entered by
, ……………………..……………,…………………………..…
S/O. ___________________________________,
Resi ____________________________________
(after ward called creditor)
in favour of Sh. ……………………………………………….
(after ward called the obligee).
Whereas
the creditor …………………….… ows Rs.______________ to
Sh. ……………………………………………….…,
S/O . ____________________________
(the obligee) as detail laid below: -
(a) As per a bond executed by me in favouring the obligee on the ____________ day of
________ inclusive the principal and interest due thereunder, as Rs. ______________.
(b) Loan taken by me from obligee according to his books of account comes to Rs. ________.
Now in lieu of above stated liabilities I am promising in paying the obligee, the said
sum of Rs. __________ , within ___ years and interest @ __% yearly
payable half yearly on the ____ day of ____ and the ____ day of ____ in each year.
And I hereby consent that if any interest is not paid by above stated date , which shall be added to the principal amount on which I shall pay interest at the rate and on the dates herein before stated.
In Witness Whereof, I have signed this bond
Place:-
Date:-
Signed
Witnesses:
1. ………………………………….
2. ………………………………
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