Deed of Assignment of Bond Debt
This deed of assignment is made this ………… day of ………… between AB son of ………… residing at ………… (hereinafter referred to as the assignor which term shall include his heirs and legal representatives) of the one part and CD son of ………… residing at ………… (hereinafter referred to as the assignee of the other part.
Whereas by a Bond bearing ……… executed by one EF described therein as obligor in favour of the said AB, the said EF (obligor) became bound to the said AB in the sum of Rs. ………… subject to the condition for discharge as thereunder provided and whereas the said bond is still in full force and virtue and whereas the principal sum secured under the said bond together with arrears of interest thereon, at present amounts to Rs. ………… and whereas the said AB has agreed to transfer, assign and sell the said bond debt to the said CD at, and for the sum of Rs. ……… : Now this deed witnesses that in consideration of the sum of Rs. ……… now to the said AB paid by the said CD (the receipt whereof the said AB does hereby admit and acknowledge), the said AB, as beneficial owner, hereby transfers and assigns unto the said CD the principal sum of Rs. ……… secured by the said bond, and the sum of Rs. ……… now due for arrears of interest thereon and all interests henceforth to become due and payable for the same, and all his right, title, interest, claim and demand whatsoever under the said bond and the full benefit and advantage thereof: To have and hold the same to the CD absolutely with full authority, liberty and power to enforce the bond and realise all moneys due and payable thereunder by suit or otherwise.
In witness whereof the parties have executed these presents on the day, month and year first above-written.
Signed, sealed and delivered by AB AB
in the presence of:
Signed, sealed and delivered by CD CD
in the presence of:
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