Equal Installment Bond

Equal Installment Bond

This bond is executed on this ______day of ______at _______ jointly by :

1. Mr. KN s/o PK r/o __________, hereinafter called the security.

Whereas Mr. CP s/o Mr. IB r/o _________ has advanced , sum of Rs. 1,00,000.00 to Mr. KN, above named.

Now we the said KN and KB jointly and severally bind ourselves to pay the said sum to Mr. CP on demand along with interest at the rate of 18% per annum.

Witnesses:

1. Name________                                                                Signature______

Address________                                                                   (KN)

2. Name________                                                                Signature _______

Address______                                                                    (KB)