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2. THAT I have approached Stanbic Bank Kenya Limited (the “Bank”) for a loan facility and they
have agreed to finance the balance of the purchase price amounting to
on the security being created over the Property (the “Security”);
3. AND WHEREAS I have been duly informed, and verily believe the same to be true, that following
the repeal of the Government Lands Act (chapter 280) Laws of Kenya the same was replaced by
the provisions of the new Land Act and Land Registration Act 2012 from the effective date of 2 nd
May 2012 and this Charge is subject to the said new laws;
I FURTHER UNDERTAKE and state that I shall cooperate with the Bank at all times during the
continuation of the Security to honor all my contractual and legal obligations to pay the mortgage facility
as more particularly provided in the letter of offer, facility letter, loan agreement, this Security or any other
documents (the “security documents”) and I shall not attempt to curtail or prejudice or otherwise defeat
the interest of the Bank in whatever way as comprised in any of the security documents.