Amendment status not verified — confirm the current text below against the official source.
'I(!) (a) On h e accep~ancc or an application' for a loan, the repaymen[- applican~ shall execute a deed in the prmcribed form,,'bndcrtaking to apply the loan to the purpose for which, and to fulfil the conditions on which, Ihe loan is granled, rendeag himself &d such propeay as may have been specified in the deed as security,, including machinery ,... . - , .