THIRD
PARTY AGREEMENT
This Third Party Agreement is made and executed on this the
____day of __________ at ___________ by and between:
_____________________________________________________,
S/o, D/o, W/o.
_________________________________________,
Aged about _____________ years,
Occupation : ______________,
R/o H.No.
_____________________________________________.
(Hereinafter
referred to as FIRST PARTY which expression unless repugnant to the context
shall mean and include his / her heirs, legal representatives, assignees,
administrators, etc., of the ONE PART.)
IN FAVOUR OF
________________________________________________
____________ BRANCH,
REP. BY ITS BRANCH MANAGER:
____________________________________________,
S/o D/o W/o __________________________________.
Aged about ________ years Occupation
____________
R/o H.No.
____________________________________
(Hereinafter
referred to as SECOND PARTY which expression unless repugnant to the context
shall mean and include his / her heirs, legal representatives, assignees,
administrators, etc., of the SECOND PART.)
WHEREAS the First Party has stood as
surety on behalf of (Borrower Mr. _____________________, to the Second Party
for repayment of loan amount of Rs. _____________/-(Rupees
___________________________________only) obtained (Borrower) Mr. _____________________________
by offering in title documents and depositing the same with the Second Party as
a collateral security by way of Equitable Mortgage.
