Charge Clause in Agreement

[pakistan]

[CENTER][I][FONT=Arial]Charge Clause in Agreement[/FONT][/I][/CENTER]
[I][FONT=Arial] [/FONT][/I]
[FONT=Arial]After providing for an agreement to pay money in the appropriate deed relating to any transaction, add the following clause:[/FONT]
[FONT=Arial]The . . . . . . . . . hereby declares that the property described in the Schedule hereto shall henceforth be a security for and be charged with the payment of the said sum (annuity) of Rs . . . . . . . . . hereinbefore agreed to be paid.[/FONT]
[FONT=Arial]or[/FONT]
[FONT=Arial]To secure the payment of the money (annuity) hereinbefore agreed to be paid, the . . . . . . . . . hereby charges the land described in the Schedule hereto.[/FONT]