Equal Installment Bond - Legal Draft

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 along with interest at the rate of 18% per annum.Witnesses:1.

Name.. Signature.Address..

(KN)2.

Name. Signature .Address

(KB)