KNOW ALL MEN BY THESE PRESENTS, I, X son of ………… resident of …………hereinafter referred to as the obligor of the FIRST PART, do hereby acknowledge to be indebted to Y son of Shri………………….resident of ………….. hereinafter referred to as the obligee of the OTHER PART, in the sum of Rs ……….. of good and lawful money of the Republic of India for which such sum, I, the said obligor bind myself, my heirs, executors, administrators and legal representatives to pay to the said obligee, his heirs, executors, administrators and legal representatives in instalments in the manner provided in the Schedule below:

Schedule

Signed and sealed in …………. (place) this………. day of ………….20 ……… in the presence of (witnesses)

WITNESSES

1.
2. 2.                                                                                                                                                 Signatur…………………