Indemnity to Bank by Shiva.

Indemnity to Bank

THIS DEED OF INDEMNITY is made on the . . . . . . . . day of . . . . . . . . BETWEEN A. B. etc. (hereinafter called ‘‘the Indemnifier’’) of the one part and the . . . . . . . . . Bank etc. (hereinafter called ‘‘the Indemnified’’) of the other part.

WHEREAS a sum of Rs. . . . . . . . . . . . . . . on account of Insurance Policies on the life of the late E. F. was collected after the death of the said E. F. by the said Bank and has since been held by the said Bank as a deposit carrying interest at . . . . . . . . . . per cent from the date of realization;

AND WHEREAS the said E. F. left at his death the following legal heirs viz., a widow G. H., and two minors sons J. K. and L. M.;

AND WHEREAS the said A. B. has by order of the District Judge of. . . . . . dated . . . . . . . . been appointed a guardian of the person and property of the said J. K. and L. M.;

AND WHEREAS the said A. B. requested the said Bank to pay him the aforesaid deposit with interest due thereon and the said Bank has consented so to do upon the said A. B. giving such indemnity as is hereinafter contained in case there shall hereafter be claim against the said Bank by the said G. H. for the said deposit or any portion thereof;

NOW THIS DEED WITNESSES that in pursuance of the aforesaid agreement and in consideration of the said Bank paying out the said deposit to the said A. B. as guardian of the aforementioned J. K. and L. M. the said A. B. hereby agrees with the said Bank that he will at all times indemnify and keep harmless the said Bank from all claims and demands made and all actions and proceedings taken against the said Bank by the said G. H. in respect of the said deposit or any part thereof.