National Land Code Act No 56 Of 1965

FIRST SCHEDULE

Form 16A [Section 242] - Charge (To secure payment of a principal sum) [Heading]

National Land Code

Form 16A

(Section 242)

CHARGE

(To secure payment of a principal sum)

[Heading] I,.......................... of................................. *proprietor of the land/undivided share in the land described in the schedule below; *lessee/sub-lessee under the *lease/sub-lease described in the schedule below of the land so described; For the purpose of securing- *(a) the repayment to the chargee named below, with/without interest of a loan of RM..........., the receipt of which I hereby acknowledge; *(b) the payment to the chargee named below, with/without interest, and in consideration of-* ......................................................... of the sum of RM .............................; *(c) the payment to the chargee named below, with/without interest, of the sum from time to time due to him on *my current account/the following account kept between us; Hereby charge the said *land/the undivided share in the land/lease/sub-lease with the payment to him of the said sum and interest thereon, if any in accordance with the provisions annexed hereto. Dated this ..............day of ............, 19 ...........

.......................................................... Signature (or other form of execution)

by or on behalf of chargor

[Attestation Clause]

I, ............................. of ................................... accept this charge.

.......................................................... Signature (or other form of execution)

by or on behalf of chargee

[Attestation Clause]

[Schedule]

ANNEXURE

(......................................)

(Provisions as to payment,rate of interest,etc.)

______________________ *Delete as appropriate.

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