SIMPLE FORM FOR MONEY DUE

SIMPLE FORM FOR MONEY DUE

      This bond is made on this………..day of…………by me ( KB, s/o Mr. RP, r/o  ……………………………., on the following accounts:

      WHEREAS  I owe Rs………………..to Mr……………s/o ………………….. r/o ………………………….. on the following accounts.

1.    On account of the principal amount and the interest due to him under a bond dated……….executed by me in his favour for Rs………………

2.    On account of  Gold  ornaments purchased from him vide his  bill dated ………………for Rs…………..

3.    On account of loans taken  form him on various dated and interest due on them Rs………….

4.    On account  of the rent for the period from………….to ………….@ Rs……….. per moth, Rs………..

5.    On account of a decree of the Court of Judge  Small Cause dated………….in his favour against my deceased brother late RP, Rs……………

NOW in   consideration of the aforesaid liabilities, I promise  to pay the above amounts being  Rs………in ………years by half yearly instalment of Rs………plus 18% interest per annum on the day of…………….and on the day of………each year.

            AND I   hereby agree that in case any interest is not paid with the instalment, the same shall be added to the principal amount and interest shall be charged on that also.

            IN WITNESS WHEREOF I sign this bond on this………..day of………in the presence of the following wintess:

Witnesses:

1.            Name……………….

Address…………….                                                Signature of ……………

2.            Name………………                                                 (KB)

Address…………..