SECURITY BOND MORTGAGING PROPERTY GIVEN OR ORDER BEING MADE TO STAY EXECUTION OF DECREE

SECURITY BOND MORTGAGING PROPERTY  GIVEN OR ORDER BEING MADE TO STAY EXECUTION OF DECREE

            This  security bond on stay of execution of decree executed  by…………

           

            WITNESSETH:

            That………..,the plaintiff in suit no………..of  2000, having sued………the  defendant, in this court and decree having been passed on the…….day of…………, 2000 in favour of the plaintiff, and the defendant having preferred  an appeal from the said decree in the……..court, the said  appeal is still pending;

           

            Now  the plaintiff-decree holder having  applied to execute the decree the defendant has made an application praying for stay to execution and has been called upon to furnish security. Accordingly, I, (of my own freewill) stand security to the extent of Rs………….mortgaging the  properties specified in the Schedule hereunto annexed, and  covenant that if  the decree of the first court be  confirmed or varies by the Appellate Court the said defendant  shall duly act in accordance with the  decree of the Appellate Court and shall pay whatever may be payable by him  thereunder, and if he  should  fail therein then any amount so payable shall  be realised from the properties hereby  mortgaged, and if the proceeds of the sale of the said properties  are insufficient to pay  the amount due, I and my  legal representatives  will be personally liable to pay the balance. To this  effect I execute this security bond this ……….day of………., 2000.

                                                            SCHEDULE

Witnesses by-                                                                       (Signed)………………

1……………..s/o………….of…………………

2……………….s/o…………..of…………….........