FORM NO. 6
SURETY BOND
(Vide Rule 5)
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KNOW ALL MEN BY THESE PRESENTS THAT I, Son/daughter/wife of resident of in the District of at present employed as a permanent in the (hereinafter called "the Surety") I am held and firmly bound unto the President of India (hereinafter called "the Government" which expression shall unless excluded by or repugnant to the subject or context include his successors in office and assigns) in the sum of Rs /- (Rupees only) to be paid to the Government FOR WHICH PAYMENT TO be well and truly made I hereby bind myself, my heirs, executors, administrators and representatives firmly by these presents. As witness my hand this day of two thousand and .
WHEREAS , son/daughter/wife of , resident Of in District of at present employed as a temporary/permanent In the (herein after called “the Borrower") (but is due to retire on ) applied to the Government for an advance of Rs. for the purpose of purchasing land and/or constructing a new house or enlarging living accommodation in an existing house/purchasing a ready-built house.
AND WHEREAS the Government sanctioned the payment of Rs (Rupees only) under the Rules framed by the Government of India to regulate the grant of advance to Central Government servants building, etc, of house vide the Ministry/Office, Letter No. Dated a copy of which is annexed to these presents on the terms and conditions set forth therein.
AND WHEREAS THE Borrower has undertaken to repay the said amount in12 monthly installments AND WHEREAS the Borrower has further undertaken to Mortgage the house built/purchased with the help of the said amount and to observe the provision of the said rules AND WHEREAS in consideration of the Government having agreed to grant the aforesaid advance to the borrower the Surety has agreed to execute the above bond with such conditions as hereunder is written.
NOW THE CONDITION OF THE OBLIGATION is such that if the said Borrower shall while employed in the said or any other Ministry/Office duly and regularly pay or cause to be paid to the Government the amount of the aforesaid advance owing to the Government by installments until the said sum of Rs (Rupees only) shall be duly paid or mortgages to the Government the house built/purchased referred to above whichever event happens earlier, then his bond shall be void; otherwise the same shall be and remain in full force and virtue. BUT SO NEVERTHELESS that if the Borrower shall die or become insolvent or at any time cease to be in the service of the Government, the whole or so much of the said principal sum of Rs (Rupees only) together with the interest as shall then remain Unpaid shall immediately become due and payable to the Government and recoverable from the Surety in one installment by virtue of this Bond.
The obligation undertaken by the Surety shall not be discharged or in any way affected by an extension of time or any other indulgence granted by the Government to the said Borrower. The stamp-duty payable in respect of these presents shall be borne and paid by the Government.
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Signed and delivered by the said: |
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Signature of Surety: |
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Designation: |
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Office to which attached: |
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In the presence of : |
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1st Witness : |
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2nd Witness : |
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Signed by Shri: |
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In the Ministry of: |
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(For and behalf of the President of India) |
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In the presence of: |
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1st Witness : |
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2nd Witness : |
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