BOND BY DEBTOR AND HIS SURETY

BOND BY DEBTOR AND HIS SURETY

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 alongwith interest  at the rate of 18% per annum.

Witnesses:

1.         Name………………..                                               Signature………….

            Address……………..                                                           (KN)

2.         Name……………….                                                            Signature …………….

Address……………                                                             ( KB)