Surety bond for loan advances

Page 1

SURETY BOND

Know all men by these present that ______________________________________ Son of _____________________________ Resident of __________________________________ the Distt _________________________ of _______________________ at present employed as temporary ________________________ in the _____________________, Islamabad hereinafter called the borrower & Name ___________________________ P. No._____________________ S/O _________________________ Resident of _____________________________________at present employed as permanent ___________________ in_____________________, Islamabad (herein-after called the PRESIDENT in the sum of

Rs. ______________________________

(Rupees ______________________ ________________________only) together with interest thereon for which payment well and truly to made, we do hereby bind ourselves jointly and severally and each of us kinds his here executors, Administrations and legal preventatives jointly and severally.

Signed this Day ________________ Borrower _______________ Surety __________________ P. No. _________________ P. No. ___________________

2.

Where as the borrower has at his own request been granted by the president a loan of

Rs. ____________ for the purpose of House Building Advance for his own use and the borrower as under taken to repay the said amount in _________ equal monthly installment of Rs. _____________ each with interest shall be fully paid then this bond shall be void and of no effects otherwise it shall be remain in full force and virtue. 3.

Budge if before the amount of the loan and interest thereon shall have fully repaid the

borrower dies or becomes insolvent or any time causes to be in the services of the Governor General for any reason whatever, so much of the said principal sum of Rs. ____________ (Rupees ___________________ only) as shall then remain unpaid together with interest which shall have accrued due thereon shall immediately become due and payable to the president and be recoverable from the surety.

1.

WITNESS (NAME ADDRESS & P. No.) ___________________________

2.

WITNESS (NAME ADDRESS & P. No.) ___________________________


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