Security Bond Mortgaging Property Given Or Order Being Made To Stay Execution Of Decree Legal Draft Template
| Category | Agreements Bonds |
| Format | |
| File name | Security Bond Mortgaging Property given or Order Being Made to Stay Execution of Decree |
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This
security bond on stay of execution of decree executed byWitnesseth:That..,the
plaintiff in suit no..of 2000, having suedthe 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.SCHEDULEWitnesses
by- (Signed)1...s/o.of2s/o.of..