PRECEDENTS. I. BOND for securing an ANNUITY for the GRANTOR'S LIFE; without any other Security, and REPUR CHASABLE. from one to one. KNOW ALL MEN by these presents, that I [obligor], Obligation of &c., am bound to [obligee], of &c., in the sum of [double the purchase-money], to be paid to the said [obligee], or to his attorney, executors, administrators, or assigns: For which payment I bind myself (a) by these presents. Sealed with my seal. Dated this day of 18-. " WHEREAS the above-named [obligee] has contracted Recital of contract for purwith the above-bounden [obligor], for the purchase of an chase. annuity of £—, to be paid to the said [obligee], his executors, administrators, and assigns, during the life of the said [obligor], for the price of £ £ ; AND which sum of Recital of the said [obligee] has, on the day of the date of the payment. above-written bond, paid to the said [obligor], which he the said [obligor] hereby acknowledges. NOW THE CONDITION of the above-written bond is Condition, payment of such, that if the said [obligor] shall pay unto the said [obligee], annuity, his executors, administrators, or assigns, during the life of him the said [obligor], One annuity or yearly sum of £clear of all deductions by equal quarterly payments, on the &c., in every year; the first payment next ensuing day day thereof to be made on the the date of the above-written bond: [AND ALSo, if the heirs, and proportional part. executors, or administrators of the said [obligor] should pay unto the said [obligee], his executors, administrators, or assigns, in case the said [obligor] should depart this life on any day on which any quarterly payment of the said annuity or yearly sum of £- shall become due, the whole of such quarterly payment; And if on any other day, in case such (a) The heirs of the obligor are bound, though not here expressly mentioned. See Conveyancing, &c. Act, 1881, sect. 59, and post, tit. BOND. 1. Bond only for Grantor's Life, Re purchasable. Declaration enabling day should happen before any quarterly payment of the said annuity or yearly sum should have become due, Then a proportional part of the quarterly payment of the said annuity or yearly sum of £- to be computed from the day of the date of the above-written bond to the day of the death of the said [obligor]; But in case any quarterly payment of such annuity or yearly sum of £— should have become due at the time of the decease of the said [obligor], then from such of the said quarterly days of payment, next preceding the day of the death of the said [obligor], to the day of his decease (b)]; or if the said [obligor] shall at any time [after the expiration of three years from the date of the repurchase, on above-written bond] give unto the said [obligee], his execugiving six months' notors, administrators, or assigns, notice in writing, by the tice, and re- space of six calendar months, of his intention to repurchase paying original purchase the said annuity of £- ; and shall at the end of the grantor to money, and half a year's annuity in advance. Obligation. Recital of con said six calendar months from the time such notice shall be given as aforesaid, pay unto the said [obligee], his executors, administrators, or assigns, all moneys that shall then be due for the arrears of the said annuity, [together with a proportional part thereof from the last day of payment preceding such repurchase,] up to the day of repurchasing the same as aforesaid; and also the sum of £- and £- being the original purchase-money of the said annuity, and half of a year's annuity in advance, as and in full for the repurchase of the said annuity of £- above secured; Then the above-written bond shall be void and of no effect, otherwise shall be and remain in full force. SEALED AND DELIVERED in the presence of II. BOND for securing an ANNUITY to a Man for Life, KNOW ALL MEN (obligation, ut ante, p. 705). tract of pur- the above-bounden [obligor], for the purchase of an annuity of chase. (b) As to omitting apportionment clauses, ride ante, p. 688. £ to be paid to the said [obligee], during his life and after his death to [wife] his wife, during her life, if she should survive him, at the price of £ AND WHEREAS II. Bond for Two Lives, able on replacing Stock. Reference to collateral se upon the purchase of the said annuity, it was agreed that for more effectually securing the payment thereof to the said [obligee], the same should be secured by an indenture, bearing even date with the above-written bond or obligation, and curities. made between the said [obligor], of the first part, the said [obligee], of the second part, and [trustee], of &c., of the third part: AND also by the bond and warrant of attorney of the said [obligor]. AND WHEREAS the said [obligee] Of paying has, on the day above written, paid to the said [obligor] the said sum of £ which the said [obligor] hereby acknowledges. consideration. payment of NOW THE CONDITION of the above-written bond is Condition, such, that if the said [obligor], his heirs, executors, or adminis- annuity, trators, should pay unto the said [obligee] during his life, and after his death to [wife], his wife, if she should survive him, an annuity or yearly sum of £, clear of all deductions, by equal quarterly payments, on the the day of &c., in every year, the first payment to be made on day of next ensuing the day above written: AND ALSO, should pay unto the executors, administrators, or assigns, of the said [obligee] or [wife] his wife, in case either of them the said [obligee] or [wife] his wife, should depart this life on any day on which any quarterly payment of the said annuity shall become due, the whole of such quarterly payment; [And if on any day before any quarterly payment and proportional part. of the said annuity shall have become due, then a proportional part of the said annuity, to be computed from the day of the date above written to the day of his or her death: And if on any day between any two quarterly days of payment, then a proportional part from the last quarterly day of payment to the day of his or her decease ;] Then the above-written bond or obligation shall be void and of no effect. repurchase. AND IT IS HEREBY DECLARED, That in case the said [ob- Proviso for ligor], his heirs, executors, or administrators, should at any time hereafter be desirous of re-purchasing the said annuity, and of such his or their intention should give unto the said [obligee], if he shall then be living, or unto the said [wife] his wife, if she shall have survived the said [obligee], seven days' notice in writing; And should, at the expiration of the II. Bond for time to be mentioned in such notice, pay unto the said [obli Two Lives, Secured, and Repurchasable on re placing Stock. Collaterally gee], if he shall be then living, or to the said [wife] his wife, if she shall then have survived the said [obligee], the sum of £ -, together with all such sums of money as at the time of re-purchasing the said annuity shall be due for the arrears thereof; [And also together with a proportional part of the same annuity, up to and including the day of repurchasing the same,] as and in full for the re-purchase of the said annuity; Then he the said [obligee], if he shall then be living, or the said [wife] his wife, if she shall then have survived the said [obligee], shall deliver the above-written bond to the said [obligor], his heirs, executors, or administrators, cancelled or to be cancelled; And the said annuity shall cease and determine. Obligation. Recital of establishing trade. Recital of agreement to sideration of annuity. III. BOND for securing an ANNUITY in Consideration of RELINQUISHING a BUSINESS. KNOW ALL MEN, &c. (obligation, ut ante, p. 705). WHEREAS the above-named [obligee] hath for many years heretofore carried on the business of a surgeon and apothecary, and hath established a considerable practice and connection in the said business, within the liberties of London and Westminster. AND WHEREAS the said [obligee] hath resign, in con- agreed to resign in favour of the said [obligor] the said business, so established by him as aforesaid, in consideration of an annuity of £ to be paid by the said [obligor], his heirs, executors, or administrators, to the said [obligee] and his assigns, during his life, at the times hereinafter menRecital of as- tioned. AND WHEREAS in pursuance of such agreement, by indenture (c) bearing even date with the above-written bond, and made between the said [obligee] of the one part, and the said [obligor], of the other part; the said [obligee] hath granted and yielded up unto the said [obligor] the liberty or privilege of carrying on the business of a surgeon and apothecary heretofore carried on in the liberties of London and Westminster by the said [obligee], in the room and as signment of business. (c) See the form, infra, p. 711. Annuity for Trade. the successor of the said [obligee], and all the benefit to arise III. Bond for therefrom; AND has, by such indenture, entered into cove- relinquishing nants with the said [obligor], for recommending and introducing the patients of the said [obligee] to the said [obligor], Covenant to and for preventing the said [obligee] from exercising the said recommend business within the liberties of London and Westminster, or and not to within ten miles from the same; obligor, practise within certain annuity, NOW THE CONDITION of the above-written bond is limits. such, that if the above-bounden [obligor], his heirs, executors, Condition for or administrators, should pay unto the said [obligee], or his payment of assigns, during his life, One annuity of £-, without any deduction, by equal half-yearly payments, on &c., in every year; the first half-yearly payment thereof to be made on the day of next ensuing the date of the above-written bond: [AND ALSO if the said [obligor], his heirs, and proportional part. executors, or administrators, should, within twenty days next after the decease of the said [obligee], pay unto the executors, administrators, or assigns of the said [obligee] a proportional part of the said annuity, for the time which at his decease shall have elapsed of the half-yearly payment thereof then growing due,] Then the above-written bond shall be void and of no effect.. IV. BOND by several OBLIGORS for securing an KNOW ALL MEN by these from one to presents, That we Obligation said [obligee], or to his attorney, executors, administrators, or assigns; For which payment we bind ourselves jointly and severally (d) by these presents. Sealed with our respective seals. Dated, &c. WHEREAS the above-bounden [obligors] have agreed with the above-named [obligee], to grant to him and his assigns, (d) See as to this, Rules of the Supreme Court, 1883, Ord. XVI., rr. 4, 6. one. Recital of conchasing an tract for pur |