This bond of
indemnity is made at_______on this______day at ____________________,
AND
_______________Indian
Inhabitant, residing at _________________________(hereinafter
called as 'OBLIGOR')
______________________________by
its Chairman/Secretary, a co-op housing society registered
as under M.C.S.Act, 1960 (hereinafter called as 'OBLIGEE')
WHEREAS the obligee
is a Co-op Housing society registered under the M.C.S. Act,
1960 and is registered as tenant co-operative housing society;
ANDWHEREAS the
society has its registered bye-laws duly approved by the
Registrar, Co-Op. Societies and is an obligation on each
allottee member/flat holder/apartment/shop holder to obtain
prior permission for effecting the transfer in favour of
any other person than the member/purchaser;
AND WHEREAS the
obligor by an agreement dt.______ has intended to purchase
the flat bearing no._____which is situated in obligee co-op
housing society comprising of_____rooms form shri/smt.______________who
was holding the flat no._________.
WHEREAS the obligor
for the purpose of validating the transfer approached the
society and society after initially exchanging the correspondence
in the matter came to the conclusion by considering its
proposal in the Managing Committee to recognise the said
agreement for effecting the transfer and called the obligor
to execute the indemnity bond for the transfer. As such
the obligor is executing the said bond of indemnity so as
to indemnify the obligee against any claims or demands whatsoever
made in respect of the said _______rooms, in________(address)
which is adjacent to __________ premises owned and possessed
by the obligor. Are executing the said bond of indemnify
so as to indemnify the obligee against any claims or demands
whatsoever made in respect of the said two rooms, in_____
adjacent to shopping premises owned and possessed by the
obligor.
NOW THIS INDENTURE
WITNESSETH AS FOLLOWS
That the said
obligor their heirs, executors or administrators, assigns
shall from time to time and at all times hereinafter keep
indemnified the said obligee their office bearers from and
against all actions, losses, charges, expenses, claims and
demands whatsoever in respect of the said premises comprising
of ______rooms on the obligee validating the transfer of
the above mentioned premises.
IN WITNESS WHEREOF,
we the obligor have hereunto set and subscribed their respective
hands and seals the day and year first hereinabove written.
Signed, sealed
and delivered
By the abovenamed:-
1)
