Pledge of Movables (Letter) by Shiva.

Pledge of Movables (Letter)

Dated . . . . . . . . ., 20 . . . . . . . . .

To

Dear Sir,

The undernoted, described and valued articles deposited with you may be held as security for the due payment of the loan of Rs . . . . . . . . . with interest at . . . . . . . . . % p.a. which sum you have this day lent to me.

I hereby authorise you to sell the securities or any part thereof in case the loan together with all interest at the specified rate is not cleared within a period of . . . . . . . . . years. On default as aforesaid you may sell the securities or any part thereof, and apply the net sale proceeds towards the satisfaction to your loan, capital and interest and to pay the balance, if any, to me.

I shall not hold you liable for any loss or damage to my articles if the same is not caused by your wilful neglect.

The articles given in your custody belong to me and are of genuine gold and no one else has any lien or claim on it.

LIST OF JEWELLERY PLEDGED BY WAY OF SECURITY

Serial No. Description Gross Weight Approximate Value

TOTAL

 Rs.????p.

Yours faithfully,

Witness:

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