Bonds Bond For Paying The Sum In Equal Instalments

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:-