BOND FOR PAYING THE SUM IN EQUAL INSTALMENTS





I, _________, S/o Sh._______, R/o ___________ having borrowed Rs. ____, from Sh. ____ , S/o Sh. ________, R/o _________ (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:-