Bond Simple Form For Money Due

Simple Form for Money Due

This bond is made on this______day of_____by me ( KB, s/o Mr. RP, r/o ____________, on the following accounts:

Whereas I owe Rs________to Mr______s/o _________ r/o ____________ on the following accounts.

1.     On account of the principal amount and the interest due to him under a bond dated_____executed by me in his favour for Rs_______

2.     On account of Gold ornaments purchased from him vide his bill dated _______for Rs_______

3.     On account of loans taken form him on various dated and interest due on them Rs______

4.     On account of the rent for the period from______to ______@ Rs______ per moth, Rs______

5.     On account of a decree of the Court of Judge Small Cause dated______in his favour against my deceased brother late RP, Rs______

Now in consideration of the aforesaid liabilities, I promise to pay the above amounts being Rs____in ____years by half yearly instalment of Rs____plus 18% interest per annum on the day of_______and on the day of____each year.

and I hereby agree that in case any interest is not paid with the instalment, the same shall be added to the principal amount and interest shall be charged on that also.

In Witness Whereof I sign this bond on this______day of____in the presence of the following wintess:

Witnesses:

1. Name________                                                                 Signature of ______

    Address_______                                                                 (KB)

2. Name_______                                                                  Signature of ______

    Address_______                                                                   (KB)