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Bond by a Debtor and his surety for an existing liability (in the Form of a Deed)

Document Cited in Related
Vincent
Updated atMarch 2010

THIS BOND is made on the.................... day of.................... between _______, etc (hereinafter called "the debtor") of the first part and ____, etc., (hereinafter called "the surety") of the second part and ___, etc., (hereinafter called "the creditor") of the third part.

Whereas, Rs..................... is still due to the creditor from the debtor under the decree dated...................., passed in suit No..................... (name of parties) by the court of... on account of the arrears of rent for house....................

And, whereas the lease of the said house has again been settled with the debtor on the debtor agreeing to undertake payment of the said sum due under the said decree;

And, whereas on the application of the debtor, the creditor has agreed to accept an instalment bond with surety for the said sum due under the said decree without interest;

And, whereas in consideration of the creditor having agreed to accept payment of the said sum by instalments, the surety has agreed to guarantee payment of the said sum in accordance with the terms of this bond.

NOW THIS BOND WITNESSES and it is hereby agreed and declared as follows:

  1. For consideration aforesaid the debtor and the surety hereby jointly and severally covenant with the creditor to repay...

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