Security Bond Mortgaging Property given or Order Being Made to Stay Execution of Decree [CD1]
This security bond on stay of
execution of decree executed by………… Witnesseth:
That………..,the plaintiff in suit no………..of 2000, having
sued………the 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.
SCHEDULE
Witnesses by- (Signed)………………
1……………...s/o………….of………………… 2………………s/o………….of………………..
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