Bonds Bond For Paying The Sum In Equal Instalments
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BOND FOR PAYING THE SUM IN EQUAL INSTALMENTS
I, _________________
S/O.______________________,
Resi _______________.
having borrowed Rs. ___________________,
from Mr_______________
S/O. _________________________,
Resi __________________________
(the oblige) hereby promise to pay to the oblige the said sum of Rs.________ and interest @ ___ % yearly in twelve equal installments of the principal and interest of Rs._________ payable on the ______ day of ________________ in every year.
That the first date for paying of such instalment shall be the _________day of______________.
I also consent that in if such instalment remain unpaid exceeding a month whole amount inclusive the
principal and interest shall become payable at once.
In Witness Whereof, I have signed this bond
Place:-
Date:-
Signature_________
Witnesses:-