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provided:
renovation.
2. The price shall be paid by the Employee to ________________ as shall be
mutually agreed between the parties in the amounts, at the times and in
3. The term of this contract shall be for a fixed period of ________ (__) years
part thereof as shall be outstanding has been fully paid in accordance with
the First Schedule hereto, the outstanding loan amount shall become due
5. In the event that the Employee fails to pay to ________________ the whole
fit.
6. An employee may not apply for nor shall he/she be granted another loan
under this policy or under another policy during the period in which a
housing loan is outstanding.
7. For so long as the Purchase Price or any part thereof has not been fully
c. To not sell, offer for lease, or use the house purchased with the loan
8. The employee has the option of settling the outstanding loan amount
before the expiration of the loan period by paying off the outstanding
________________ to the
12. The First Schedule hereto shall be taken, read and construed as essential
IN WITNESS WHEREOF the parties have hereunto executed this Vehicle Loan
ACKNOWLEDGEMENT
_________________________) S.S
Name of Employer
Name of Employee
Known to me and to me known to be the same persons who executed the
foregoing instrument and acknowledged to me that the same is their free and
voluntary act and deed.
This instrument consisting of ____ page/s, including the page on which this
acknowledgement is written, has been signed on each and every page thereof
by the concerned parties and their witnesses, and and sealed with my notarial
seal.
WITNESS MY HAND AND SEAL, on the date and place first above written.
Notary Public