Annuity in

IV. Bond for an annuity of £for his life AND the consideration Consideration for the purchase of the said annuity, is a conveyance and of an Estate. surrender, made or to be made by the said [obligee] to the nuity in con- said [obligors], their heirs and assigns, as tenants in common, sideration of of certain freehold and copyhold messuages, lands, and and surrender hereditaments, of him the said [obligee], situate in the parish -, or elsewhere in the county of

conveyance

of freehold

and copyhold of
premises.
Condition for
paying an-
nuity for

NOW THE CONDITION of the above-written bond is such, that if the said [obligors], or any of them, their, or obligee's life. any of their heirs, executors, or administrators, should, from time to time, during the life of the said [obligee], pay unto the said [obligee], or his assigns, One annuity of commencing, from the

With proportional part to his decease.

£day of next preceding the date of the above-written bond, by equal half-yearly payments, on, &c., in every year, clear of all deductions: and should make the first payment of the said annuity on the day of next ensuing the date of the said bond, provided the said [obligee] should be then living; [And in the event of the death of the said [obligee], in the interval of any of the said half-yearly days of payment, and either before or after the said -day of next, then if the said [obligors], or any of them, their, or any of their heirs, executors or administrators, should pay unto the executors, administrators, or assigns of the said [obligee], [as part of his personal estate], such part of the said annuity of £- — as shall be in proportion to the time which, inclusive of the day of the decease of the said [obligee], shall have elapsed prior to his decease, and after the day of payment next preceding that event, or, as the case shall require, next after the day of last, if the said [obligee] should die prior to Proportional the next: [AND if the said [obligors], or any of them, their, or any of their heirs, executors, or administrators, should pay such proportional part of the said annuity of £as soon after the decease of the said [obligee] as demand shall be made thereof by the executors, administrators, or assigns of the said [obligee], and clear of all deductions,] Then the above-written bond shall be void and of no effect; or otherwise shall be and remain in full force and effect.

part.

day of

V. DEED OF COVENANT for Payment of an
ANNUITY collaterally secured by Bond, in Con-
sideration of Resigning a BUSINESS.

THIS INDENTURE, made the

day of

BETWEEN [grantee], of &c., surgeon and apothecary, of the Parties. one part, and [grantor], of &c., surgeon and apothecary, of

ness;

of annuity;

the other part. WHEREAS the said [grantee] hath, for many Recital of caryears past, carried on the business of a surgeon and apothe- rying on busicary, and hath established a considerable practice and connection in the said business at aforesaid. AND of agreement to resign in WHEREAS the said [grantee] hath agreed with the said consideration [grantor] to resign in favour of the said [grantor] the said practice and connection in consideration of an annuity of £ to be paid by the said [grantor], his heirs, executors, or administrators, to the said [grantee] and his assigns, during his life, at the times hereinafter mentioned. AND of collateral WHEREAS in pursuance of the said agreement, the said ring annuity, [grantor] hath, by his bond (e), bearing date herewith, become bound unto the said [grantee], in the penal sum of £with a condition thereunder written, making the same void if the said [grantor], his heirs, executors, or administrators should pay unto the said [grantee], or his assigns, during his life, an annuity of £ without without any deduction, by equal half-yearly payments, on &c., in each year, the first half-yearly payment thereof to be made on the

day of

-, next ensuing the date above written:

bond for secu

[AND ALSO should, within twenty days next after the decease and proporof the said [grantee], pay unto the said executors, adminis- tional part. trators, or assigns of the said [grantee] a proportional part of

the annuity for the time which at his decease should have elapsed of the half-yearly payment thereof then growing due.] NOW THIS INDENTURE WITNESSETH, that in Testatum. pursuance of the said agreement, and in consideration of the said annuity, the said [grantee] doth hereby grant and resign Resignation unto the said [grantor], the liberty or privilege of carrying on and conducting the business of a surgeon or apothecary, heretofore practised and carried on by him the said [grantee],

(e) Vide the form of the bond, ante, p. 708.

of business.

Covenant by grantee to introduce and recommend

V. Covenant at in the stead and as the successor of the said for Paying Annuity for grantee], and all profits and advantage to arise from the Surrendering same. AND THE SAID [grantee] hereby covenants with the Business, said [grantor], as soon as conveniently may be, to introduce and recommend the said [grantor] to all the patients of the said [grantee], in his business or profession as aforesaid: grantor to his AND will use his utmost endeavours to procure the said employers. [grantor] to be employed by such persons in like manner as he the said [grantee] hath heretofore been employed by them Not to prac in his said business: AND that he the said [grantee] will not practice or profess the business of a surgeon or apothecary, or either of them, within or within ten miles from without the licence of the said [grantor]

tise within ten miles.

other person.

Covenant by

the same

Not to recom- first obtained in writing: AND will not recommend or promend any cure to be recommended other any person or persons whomsoever than the said [grantor] to any person or persons at this time employing him the said [grantee], in his said business: AND THE SAID [grantor] hereby covenants with the said grantor to pay [grantee] to pay to the said [grantee] or his assigns during his life the said annuity of £ -, on the days in the said bond appointed for payment thereof, [together with such proportional part thereof as aforesaid, unto the executors, administrators, or assigns of the said [grantee].] IN WITNESS, &c.

annuity.

Parties.

VI. DEED OF COVENANT to secure an ANNUITY by way of Pension for a MINISTER of a CHAPEL on his Retirement, and further Provision for his Wife and Family.

day of

THIS INDENTURE made the 18-, BETWEEN the several persons whose names and seals are written and affixed in the first column of the schedule hereunder written (and who are hereinafter referred to as the subscribers), of the first part, the Rev. A. B., minister of the

chapel, in the city of

and C. B., his wife, of the second part, and W. X., of &c., and Y. Z., of &c. (who and the survivor of them, or other the trustees or trustee for the time being of these presents, are hereinafter referred to as the trustees), of the third part: WITNESSETH that in consideration and recognition of the fifty years' services of the said A. B., as minister of the gospel at aforesaid, and

in prospect of his retirement from such ministry, the subscribers do grant and severally covenant with A. B. and C. B., and each of them, to pay to A. B. during the remainder of his life an annuity of 3007. clear of all deductions, and from and after his decease to C. B. during the remainder of her life, in case she shall survive A. B., an annuity of 2007. clear of all deductions; such annuities [to be considered as respectively accruing from day to day, but] to be paid halfyearly, and the first half-yearly payment of the annuity of 3007. to be paid at the expiration of six calendar months after his actual retirement; and the first payment of the annuity of 2007. (if it shall become payable), to be made at the expiration of six calendar months next after the decease of A. B.: PROVIDED ALWAYS that the subscribers shall be liable only for such annual portion of the respective annuities as is set opposite to their several names in the second and third columns respectively of the schedule hereunder written. AND THIS INDENTURE ALSO WITNESSETH that in consideration of the premises the subscribers hereby grant and severally covenant with the trustees to pay to the trustees the gross and annual sums set opposite to their respective names in the fourth column in the said schedule, and in the case of an annual sum for the period therein mentioned, such annual sums to be considered as accruing from day to day, but to be payable as in the said schedule is mentioned, and to determine on the death of A. B.: AND IT IS HEREBY AGREED that the trustees shall receive the said gross and annual sums and invest the same as and when received in such manner as they shall think fit, and shall apply the income from time to time arising from such investment, so far as the same will extend, in or towards supplementing the said annuity herein before given to A. B. during his life, to the clear value of 5007., and subject thereto the said trust fund and the income thereof shall be held by the trustees in trust for the four daughters of

VI. Covenant for Securing Pension, &c. for Retiring

Minister.

VI. Covenant A. B. in equal shares as present vested, and transmissible for Securing interests and shares.

Pension, &c. for Retiring

Minister.

Parties.

VII. GRANT of a Personal ANNUITY for the Life of the Grantor, in which Two SURETIES join; and Power to REPURCHASE.

THIS INDENTURE, made &c., BETWEEN [grantor], of &c., [surety], of &c., and [other surety], of &c., of the one part; and [grantee], of &c., of the other part. WHEREAS the said [grantee] has contracted with the said [grantor] for the purchase of an annuity or yearly sum of £— to be paid to the said [grantee], his executors, administrators, or assigns during the life of the said [grantor] at the price Recital of con- of £AND WHEREAS upon the treaty for the purchase of the said annuity, it was agreed that the same should be secured by these presents, and also by the bond of the said [grantor] and [surety], and [other surety], who had agreed to join therein as sureties for the said [grantor], in securing the payment of the same annuity or yearly sum. AND WHEREAS, in pursuance of the said agreement, the said [grantor], [surety], and [other surety], by their bond or obligation in writing, bearing even date with these presents,

tract for sale of annuity;

of bond from three to one,

for paying annuity.